NASDAQ - Ready For Another Bearish Wave! 🩸
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Following on from our last post, Nasdaq broke down and started its collapse. We are now seeing a retracement but it's very likely that we'll see another bearish wave.
We are approaching the 618 fibonacci and expecting a rejection here. Invalidation level for this bearish setup is the structure level indicated.
Trade idea:
- Watch for bearish rejection around the 618 fibonacci level
- enter with stops above rejection
- Targets: 10700 (900pips), 9000 (2500pips) Taper positions off thereafter
Goodluck and as always, trade safe!
See our last Nasdaq analysis below
We are approaching the 618 fibonacci and expecting a rejection here. Invalidation level for this bearish setup is the structure level indicated.
Trade idea:
- Watch for bearish rejection around the 618 fibonacci level
- enter with stops above rejection
- Targets: 10700 (900pips), 9000 (2500pips) Taper positions off thereafter
Goodluck and as always, trade safe!
See our last Nasdaq analysis below
Komen
US30 Leading. Ending diagonal has already broke down. Expecting something similar for NASDAQ
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