Is Nasdaq Set for a Pullback? | Fibonacci Resistance Zone ahead!

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In this video I map out the idea of the Nasdaq being over extended and on route to approaching a key Fibonacci resistance level 27000 ,
This may set up a potential correction in the week ahead."

This is a counter-trend setup within a larger uptrend, so risk management is key. I'm not calling a top to the entire rally, but rather a healthy pullback to bring in new buyers."

I demonstrate how i see the price action moving forward over the course of the month ahead with valuable insights.

Tools used in this video Standard Fib , Fib Expansion, Fib extension + Anchored vwap and Volume profile and TPO chart


Penafian

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