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Nasdaq, time to reverse with Inverted Head and Shoulder

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We can see that NASDAQ bounced from 1.618 Fibo level and formed a new Support level around 1400. Also, we can clearly see that the Inverted Head and Shoulder is on its way to formation. I am Expecting bullish price action on NASDAQ from now on. Last few weeks we saw around 30% - 40% drops on the most stocks, from now on I think that we can freely welcome our BULLs to the party and kick out the bear.

Trade Safe and Good Luck!
Senko0
Fibonacci Retracementhead_and_shouldersupportTrend Analysis

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Fibonacci Retracementhead_and_shouldersupportTrend Analysis
Senko0

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.