NASDAQ Potential Short
Updated
From our current forecast we find that we have a nice descending trend line with two touches and we currently expecting price to touch the trend line before pushing to the downside.
We also find that we have a lower high followed by a lower low. Thus expecting price to form a new lower high before pushing to the downside.
We also have confluence with the 50% and 61.8% fibo regions. Thus we will be waiting to see how price reacts to those regions before we start looking for short. Targets will be the 0%, -27.0% & -61.8%.
We also find that we have a lower high followed by a lower low. Thus expecting price to form a new lower high before pushing to the downside.
We also have confluence with the 50% and 61.8% fibo regions. Thus we will be waiting to see how price reacts to those regions before we start looking for short. Targets will be the 0%, -27.0% & -61.8%.
Order cancelled
We didn't get the anticipated pullback. Therefore we didn't enter the trade
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