Hi guys
The Nasdaq entered correction after a bearish wave
And I hope it reacts to the green resistance levels and continues its downtrend
The indicated resistance zone overlaps with Fibonacci-45
tabletraders,
️️❗️️The purpose of this analysis is for strategic knowledge among us. If you open a position and or enter a position by looking at my analysis and strategy, please find stronger reasons and tactics so you don't make the wrong decision. here I try to spread and share understanding in reading trends rather than advice on taking positions and making...
The 50% retracement of the last price maximum was concluded. Investors tend to buy in this region, great chances of reaching the top again at 13,900 or gaining another channel expansion at 14,400
Possible retrace here on the 4H
Edit: Don’t take this if we immediately close above the dotted line after the opening bell. This should go without saying but...that would probably invalidate the setup.
