The current price: 13228
Key point: 13212
Our preferred direction: selling positions below 13212 levels, targeting 12911 as a first target, then 12730 as a second target
Alternative scenario: stop loss and change direction by breaking 13212, targeting 13500
Technical comment
The NASDAQ is moving in an upward direction on the daily timeframe, until it reached the resistance levels 13212, forming the harmonic BAT pattern with a Fibonacci retracement rate of 88%, so that if the price was able to close the daily closing below the resistance level, it would fall to the support levels 12911-12730
