NASDAQ More Downside Possible, Watch For Sell Setups

11 Mei 2022

Hello traders:

Looking at most of the US Indices market, they do seem rather bearish and could possibly continue more downside momentum.

From the higher time frame, we discussed the possibility of a the bearish market since January

Where as on the lower time frame, we continue to see more bearish price action.
From the previous bearish outlook/forecast, price indeed push down to the previous lows, and continue down

Now that we see a clear impulse phase that broke the lows, good to wait more continuation price action to form, to confirm another impulse phase to the next lows

thank you