This is what I'm observing on the Nasdaq using the daily time frame. The current area of interest coincides with a daily bearish sentiment, along with the Fibonacci retracement level at 62%. Let's see how this performs.
Comment:
14200 incoming
Comment:
I was anticipating a rejection at the 70% Fibonacci level, but it made a small move upward, reaching as high as 79%. However, it now seems to be following its intended trajectory. Let's observe how it moves downward.
Trade closed: target reached:
I expected the NASDAQ to be rejected at 62%, but OTE 79%! That was a great reaction, and it is now reaching its target that 14200
