NASDAQ // countertrend breakThe market is at the countertrend break.
There is a clean (not tested) H4 breakdown close to the highest daily peak that needs attention and position management, but above that, the target fibo levels are valid targets.
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Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
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Stay grounded, stay present. 🏄🏼♂️
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