NASDAQ fiddling with the upper edge of the 10-year-old channel

NASDAQ is trying to break the upper edge of the channel that has not been broken even once in the past 10 years. Be careful but if the resistance is broken and confirmed as a support, then it will be very bullish.

It is almost the same channel that I had drawn in the following post though I have adjusted the lower edge based on the 2020 low. Try loading new bars:


PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.