๐Ÿ’ฅUS100 UPTREND - LONG TO 16000 OR SHORT TO 14500

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As we can see, we have NASDAQ 100 in an uptrend. Presently, price is stuck in a descending triangle.

Therefore, an upward breakout from the triangle gives a buy opportunity to 16000 and a downward breakout from the descending triangle gives a short opportunity to the support level at 14500

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A good trendline breakout and retest has occurred on this chart and it confirms a good buy setup to 16000

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nasdaq100Trend Analysisus100analysisus100futureus100longus100signal

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