Nasdaq has been on an incredible rise since March 24th after hitting the MA50 (4h). The MACD pattern is trading on the same sequence as the March 7th-17th and January 12th-27th patterns that led to new Highs on the 1.618 Fibonacci. The long term pattern remains a Channel Up.
Trading Plan: 1. Buy on the current market price.
Targets: 1. 15100 (marginally under the 1.618 Fibonacci extension and the 15285 High of March 29th 2022).
Tips: 1. There is a secondary Channel Up (dots) since March 13th. This may lead Nasdaq to a smoother (and lengthier) rise to 15100.