Turning my analysis to NASDAQ, I've uncovered indicators that suggest a SHORT position is timely. The index has begun showing signs of strain under key resistance levels, with emerging bearish patterns such as a potential double top, hinting at a forthcoming reversal. This technical picture is underscored by an RSI trending towards overbought territory and a bearish MACD crossover, pointing to a cooling of upward momentum.
From a macroeconomic perspective, rising interest rates and inflation concerns are beginning to cast shadows on high-growth tech stocks, a significant component of NASDAQ. This shift, coupled with market speculation about tighter monetary policy, suggests that the index could face downward pressure in the near term.
Planning this SHORT trade, I'm targeting precise entry points to engage the anticipated downturn, setting strategic targets and stop-losses to effectively manage risk. This approach aims to capture potential profits from NASDAQ's expected correction, balancing technical signals and broader economic trends for a comprehensive trading strategy
From a macroeconomic perspective, rising interest rates and inflation concerns are beginning to cast shadows on high-growth tech stocks, a significant component of NASDAQ. This shift, coupled with market speculation about tighter monetary policy, suggests that the index could face downward pressure in the near term.
Planning this SHORT trade, I'm targeting precise entry points to engage the anticipated downturn, setting strategic targets and stop-losses to effectively manage risk. This approach aims to capture potential profits from NASDAQ's expected correction, balancing technical signals and broader economic trends for a comprehensive trading strategy
Trade closed manually
✅ Forex Signals: t.me/+prIBChd_gkc4M2E0
✅ Gold Signals: t.me/+EpYg4-Q8LJY2ZTM0
✅ Index Signals: t.me/+kc2yg1vyd0I5YzQ0
✅ Trading News: t.me/+1VcTr7oQBOljMTA0
✅ Gold Signals: t.me/+EpYg4-Q8LJY2ZTM0
✅ Index Signals: t.me/+kc2yg1vyd0I5YzQ0
✅ Trading News: t.me/+1VcTr7oQBOljMTA0