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NASDAQ Can Push Lower, Look For Bearish Continuation
US Nas 100
Short
NASDAQ Can Push Lower, Look For Bearish Continuation
By jojofang0901
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Updated
May 11, 2022
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Apr 12, 2022
Hello traders:
Since last wee we have been seeing bearish development on the lower time frames across the indices market.
Here on NASDAQ, we can see the HTF ascending channel was completed, and strong bearish impulse phase down.
After hitting a previous lows, price begin to consolidate into a possible continuation correction.
With a few swing highs and lows, double tops, price did reverse down on the lower time frames.
Since there hasn't been a significant continuation correction, that's what we can wait for to confirm another move down to the previous low.
Be on the lookout for bearish price action to form correction and look for the sell down.
Thank you
Apr 21, 2022
Note
Apr 27, 2022
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May 11, 2022
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Chart Patterns
correction
Flag
impulse
Parallel Channel
pattern
priceaction
structure
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jojofang0901
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