Hello guys,
don't be fooled from yesterday's breakout in Nasdaq of the descending triangle.
We don't have that much upside potential.
Also if this is really the bottom (what I really don't think), we will retest it.
All in all, best thing you can do right now is to scale into shorts until 12700-12800.
If we break this zone we can consider a Bottom, but also then we will come back to at least 11400-12000 to retest it.
Cheers out!
(not a financial advise)
don't be fooled from yesterday's breakout in Nasdaq of the descending triangle.
We don't have that much upside potential.
Also if this is really the bottom (what I really don't think), we will retest it.
All in all, best thing you can do right now is to scale into shorts until 12700-12800.
If we break this zone we can consider a Bottom, but also then we will come back to at least 11400-12000 to retest it.
Cheers out!
(not a financial advise)