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1. Do you think nasdaq composite is entering a rising wedge pattern?
Based on the diagram, the rising wedge pattern is predicting a breakout in Q3 for Nasdaq Composite. I don't think the price reversal or crash will happen. If there's any, it's merely a short correction or pull-back.
I always believe that technical Analysis (TA) needs the support of macro factor. I see many positive macro factors that support a US bull market: AI rally, EV Tax incentives...
Based on the diagram, the rising wedge pattern is predicting a breakout in Q3 for Nasdaq Composite. I don't think the price reversal or crash will happen. If there's any, it's merely a short correction or pull-back.
I always believe that technical Analysis (TA) needs the support of macro factor. I see many positive macro factors that support a US bull market: AI rally, EV Tax incentives...
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$Phunware (PHUN.US)$ bought some more, getting ready to go back to work, good luck everyone holding with me!
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