The NASDAQ index is beginning to revive again, preparing for another rally in its favored direction. Currently, the price is cautiously peeking above the range where a correction had been developing for some time.

Most likely, buyers will manage to establish a foothold at new levels, allowing the price to continue its active growth. This could mark the beginning of wave 5 of (v). The target for the upward movement is at the upper boundary of the channel, where a prolonged impulsive growth is taking place.

In this situation, it is recommended to start opening long positions and wait for the scenario to unfold as expected.

Recommendations: Buy: 22050, SL: 21600, TP: 23500.