Nasdaq trend analysis

Hello, everyone! This week, the price action was very interesting, with Nasdaq going down as much us 3% and filling the gap days later! Now let's take a look at the chart. We formed a short term uptrend and we are almost at the strong resistance point. If the market decides to go for a run again we will see a breakout. And that is likely. But i wouldn't recommend you to put your buy orders yet. Wait for the confirmation candle and then make your moves! Good luck!