Nasdaq is rejecting a 618 fibonacci ratio for the third time
beware of buying in this zone as mainstream media advice you to do.
first check out how the market is rejecting 618 fib several times, and keep forming lower highs and lower lows. Macd is also indicating that a bearish wave is likely to happen.
i'm opening a short position from here (details below) and expecting the price to drop and break the 10 000 level
i think it is not the right time to buy the nasdaq index. maybe picking some undervalued stocks individually is worthy, but not buying the whole index
first check out how the market is rejecting 618 fib several times, and keep forming lower highs and lower lows. Macd is also indicating that a bearish wave is likely to happen.
i'm opening a short position from here (details below) and expecting the price to drop and break the 10 000 level
i think it is not the right time to buy the nasdaq index. maybe picking some undervalued stocks individually is worthy, but not buying the whole index
Lets begin the feast with this double top setup. i may take partial profit on every support and will eventually add to my shorts progressively using others setups that i'll post in this thread