The Nasdaq Composite provides an excellent overview of the fractal nature of the market. 1- The double bottom pattern was completed on January 23 2- The 6-week flag pattern that ended on March 13 3- A smaller cup & handle (green one) were formed. 4- The failure of the small pattern also happened last week. 5- Now we can say that we are already in a new bull market
Note: Even though the 13,000 level is an important resistance area and could cause problems, I personally don't expect it to stop the young bull.