The current price: 12150

Key point: 12074

Our preferred direction: buying positions above 12074 levels, targeting 12560 as a first target, then 12911 as a second target

Alternative scenario: stop loss and change direction by breaking 12074, targeting 11906

Technical comment
The NASDAQ index fell from the harmonic cypher pattern and from the resistance levels 12911 to reach the support levels 11906-12074 on a daily basis, so it is expected to rise from these levels to reach 12560 levels, then 12911 levels