Nasdaq Ready to Fall==>-5%_-10%

Oct 2, 2024

The Nasdaq Index started to rise with the help of the "Long Island" upward continuation pattern and made the New All-Time High(ATH)[$74.88].

The Nasdaq Index is currently near the upper line of the Ascending Channel and has succeeded in breaking the Uptrend line.

Also, Regular Divergence (RD-) between Consecutive Peaks.

I expect the Nasdaq index to fall at least to the Support zone($71.41-$69.18)=🚨-5%🚨, and if the support area breaks, we should wait for this index to fall to the Lower line of the ascending channel = 🚨-10%🚨.

Nasdaq Index Analyze (NDAQUSD), Daily frame⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

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Oct 3, 2024

Trade active

Trade was activated

Oct 8, 2024

Trade closed: target reached

First Target Done