Trading Plan: 14 November 2022

Nasdaq (+1.88%) continued its rally and made a breakout from the W pattern with strong volumes as in the previous day. The chances are for an uptrend continuation towards the next resistance (see the blue line in the 12000 area) and SMA200. It will be nice and healthy to have here a new base and then a breakout of the 12000 level, but we will see. As always, think in both scenarios and be prepared for a failed uptrend rally and keep an eye on the recent lows.