"Long Setup on Nasdaq" Short Term View by ThinkingAntsOk

1H Chart Explanation

- Price is currently on the bottom of a Descending Wedge.
- Bullish Divergence on MACD.
- In case price breaks the Descending Trendline, it has potential to move up towards the Resistance Zone at 7258.

However, we STILL SHORT in the Long Term. You can check our 4H Analysis.

4 Hour Vision