NASDAQ Same Bearish Outlook

Jan 27, 2021

Hi traders:

Same approach I have for NAS to look for reversal opportunities.

As I have mentioned through out the streams from last weeks, as long as price still correcting within the ascending channel, it can continue to do so.

However, latest price action has shown us something potential start of a reversal possibilities.

We first see a LTF structure at the top, and reverse the price down. What I would wait for is a clear pushed out from the ascending channel, then look for continuations to get in the sell.

Thank you

Jan 27, 2021

Note

Look for the same HTF corrections that happen over and over again in the market for the sell potential