DROP IN NASDAQ
Daily and H4 analysis
We are experiencing our first signs of a bearish market as price trdaing below our OLD HH & HL STRUCTURES ON OUR H4 CHART. It must be noted that price made a trap move to the UPSIDE to crete a new High and trade immediate return to our broken High and close below it on the Daily chart. im expecting price to retest atleast 50% of the previous daily candle before price drops to the DOWNSIDE. This retest will form a double top pattern on our LFT's to push price to my targeted area around 12 656.4
We are experiencing our first signs of a bearish market as price trdaing below our OLD HH & HL STRUCTURES ON OUR H4 CHART. It must be noted that price made a trap move to the UPSIDE to crete a new High and trade immediate return to our broken High and close below it on the Daily chart. im expecting price to retest atleast 50% of the previous daily candle before price drops to the DOWNSIDE. This retest will form a double top pattern on our LFT's to push price to my targeted area around 12 656.4
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.