USTECH100 Nasdaq : The bigger picture disaster of tech :( 22.4

Simplicity is king.

1) Rising wedge 2019 - 2022 - Jan 2022 breakout down.

2) Nasdaq is falling from a crazy over-priced high, big potential downside.

3) Descending trend-line of lower highs since breakout confirm down-trend.

4) Current trading range of the down-trend is 14,600 - 12,800

5) Break below 12,800 - 11,900 to 10,700 will very likely follow.

6) A break above 14,600 with a weekly close will be the end of the down-trend technically.


-----------------------------------------------------------------------------------

If you liked my idea, would be great if you could like and follow :D
My target is to benefit as many traders as I can with practical knowledge which would give you confidence.
Let me know if you have any questions or if there's anything more I can do to help!
Thank you <3

---------------------------------------------------------------------------------

Dagangan aktif:

13,100 was reached at the lowest within the down-trend.

Musk buying twitter news helped the market rebound within the down-trend.

13,900 and 14,600 are possible retest levels with new lows still targeted!

What do you guys think?

Dagangan ditutup: sasaran tercapai:

12,800 target reached!
Currently bouncing up from, but could break lower any time.
14,600 is still a possibility though very unlikely.

Dagangan ditutup: sasaran tercapai:

11,800-900 support is tested!
A daily close below would confirm potential downside to 10,700 horizontal support!