The current price: 11081
Key point: 10840
Our preferred direction: buying positions above 10840 levels, targeting 11422 as a first target, then 11567 as a second target
Alternative scenario: stop loss and change direction by breaking 10840, targeting 10320
Technical comment
The US Nasdaq index rose from the support levels 10682-10822 and from the harmonic shark pattern with a Fibonacci retracement rate of 88%. If the price managed to break and hold the highest resistance levels 11082, it will be expected to continue the rise to the resistance levels 11422-11567
