NASDAQ - Ready For Another Bearish Wave! 🩸

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

Comment:

US30 Leading. Ending diagonal has already broke down. Expecting something similar for NASDAQ