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US100 Bearish Trend Stop? Let’s Dive In....
On the H4 timeframe, Nasdaq continues to follow the bearish trendline and the EMA-200. Both trend analysis tools clearly signal a bearish trend. The downtrend may persist as a rising wedge pattern has formed, followed by a breakout and a MACD crossover.
Based on these technical signals, I anticipate a potential downward movement toward the first target at 19,077. After reaching this level, a minor pullback is likely before the decline continues toward a new low at 18,544.
This outlook remains valid as long as the price move below the stop-loss level at 20,080
Besides technical factors, U.S. President Donald Trump still intends to implement new reciprocal tariff rates on April 2, adding further uncertainty to the market. This could limit growth potential and contribute to an inflationary environment by increasing the cost of imported goods. Given this uncertainty, we believe the market will continue to decline.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Nasdaq.
US100 Bearish Trend Stop? Let’s Dive In....On the H4 timeframe, Nasdaq continues to follow the bearish trendline and the EMA-200. Both trend analysis tools clearly signal a bearish trend. The downtrend may persist as a rising wedge pattern has formed, followed by a breakout and a MACD crossover.
Based on these technical signals, I anticipate a potential downward movement toward the first target at 19,077. After reaching this level, a minor pullback is likely before the decline continues toward a new low at 18,544.
This outlook remains valid as long as the price move below the stop-loss level at 20,080
Besides technical factors, U.S. President Donald Trump still intends to implement new reciprocal tariff rates on April 2, adding further uncertainty to the market. This could limit growth potential and contribute to an inflationary environment by increasing the cost of imported goods. Given this uncertainty, we believe the market will continue to decline.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Nasdaq.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.