Nasdaq has been in a massive downtrend this month but has now reached a critical support level which it may break considering the outcome of the fundamentals , but we waiting to see a positive outcome as price does need to retrace before continuing downward. We will wait for candlestick confirmation on the higher timeframes , preferrably should the H4 close with a long legged doji or pin bar, as its already in a bearish squeeze which is another confirmation of a possible break to the upside. Will update further. should price break, we will take a long position to 13867. whci h will be our First Tp.
Comment:
Tp has been hit, but price still has not retested the level which it broke, so im expecting a drop before a further push to the upside.