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NASDAQ: Moving Below EMA 200, Bearish Trend Doesn't Over Yet?

Hello Fellow U.S. Investor/Trader, Here's a Technical outlook of NASDAQ!
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NASDAQ is forming the head and shoulder pattern near the EMA200 line. Furthermore, The MACD indicator created a death cross, which confirmed a potential downside momentum to the target area.
The Outlook will be active after the price hits the confirmation line.
*All the explanations are presented on the chart*
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put Long or Short Position on the NASDAQ Index"
Support our content by smashing the like and follow button, you also can share your opinion in the comment section below.
NASDAQ is forming the head and shoulder pattern near the EMA200 line. Furthermore, The MACD indicator created a death cross, which confirmed a potential downside momentum to the target area.
The Outlook will be active after the price hits the confirmation line.
*All the explanations are presented on the chart*
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put Long or Short Position on the NASDAQ Index"
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.