Nasdaq Trend Trade Idea – Bullish Accumulation

Nasdaq Trend Trade Idea – Bullish Accumulation

Trend:
Nasdaq is in a clear bullish trend.

Analysis:

Consolidation & Wyckoff Schematic: The market entered a consolidation phase/Wyckoff schematic on 20th December 2024.
Wyckoff Spring: A Wyckoff spring occurred on 27th January 2025, confirming a Wyckoff Accumulation phase.
Breakout: On 14th February, Nasdaq broke above the schematic's upper limit, indicating potential for further upside.

Trade Setup:

Entry: Look to take bullish patterns as long as the market stays above 21,971.
Invalidation: A break below 21,971 would invalidate the setup.
Take Profit Levels:
TP1: 22,707
TP2: 23,392

Conclusion:
With the bullish trend intact and confirmed by the Wyckoff schematic and spring, I will be targeting bullish patterns provided the market remains above the key support level of 21,971.