Nasdaq can correct towards 13k

23 May 2022

Since the beginning of 2022, Nas100 is in a downtrend, making lower highs and lower lows on our chart.
However, after breaking under 13k support, the lows are marginal and the last break under 12k seems to be a false one.
Friday the index closed the day with a Doji and now is trading back above 12k.
A correction could be in cards for Nas100 and I'm bullish as long as the recent low is intact
13k could be the bulls target and buy dips in search of a good R: R can be a good strategy