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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...
![Hindsight Bias in the Rising Wedge Pattern](https://sgsnsimg.moomoo.com/feed_image/101709443/1abfeb2cea033b7c9e5ddf08976c1388.png/thumb)
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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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Just have to hold the current price until market close. we can 2x again on monday🚀🚀 $Phunware(PHUN.US$
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