Nasdaq -> Not Slowing Down

Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .

On the weekly timeframe you can see that Nas100 just recently perfectly broke above and already retested a quite obvious weekly structure area exactly at the $12,000 area.
You can also see that within this break and retest Nas100 also created and confirmed a weekly double bottom, we also broke above a weekly bearish trendline and we are also now having bullish moving averages so from a weekly perspective I just do expect more continuation towards the upside.

On the daily timeframe you can see that Nas100 is over and over again retesting the resistance which we have exactly at $12,700, so I am now just waiting for a clear break above the zone and a retest before I do expect the next rally towards the upside.

Thank you for watching and I will see you tomorrow!

You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/NAS100/6bOXHamh-Nasdaq-Time-To-Start-The-Rally/