nasdaq

Nasdaq

Let see how the resistance gap is tested and crossed.

If the breakout above the gap is sucessful then expect rise to test
extended to the upper channel line and the peak.

Attempt to test the gap could be tested.

Comment:

Gap generally offer resistance and support.

If gap is comprehensively crossed then expect the peak to be tested.

Further rise will continue above 13660.

Indecisive candle with upper shadow was formed suggesting resistance though gap was covered.

Further rise is above 13360.

If not crossed then expect sideways movement for consolidation may 1-2 days before moving higher.

Overall minor correction will offer a consolidation and higher bottom process.