US 100
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NASDAQ Double Bottom starting the new bullish wave

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Nasdaq / US100 is trading inside a 5 month Channel Up.

The price made a Double Bottom on January 2nd and rebounded today back to hit the 4hour MA50.

If it crosses above the Falling Resistance, we will have a technical confirmation of the new bullish wave, similar to September 12th 2024.

That bullish wave hit the 1.236 Fibonacci extension.

Buy and target 22400 (Fib 1.236).

Previous chart:

NASDAQ Rejected on the 1hour MA50 but bottom is in.


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