Updated Daily chart of last weeks retracement, tested our first Take profit and now we retesting where the bearish trend started and hopefully next we gona break last weeks LOW
Resistance trendline has been indicated at touched meaning retracement back to 50% (middle trendline) and if that breaks we looking at a full retracement to the delayed right hand side shoulder , which would complete a inverse head and shoulder and market will rally up after , remember this is a daily/4hr chart anaylsis which could take a week or 2 to completed...
Expecting a Nasdaq Retracement to the Previous ATH then market expected to break the current ATH
Bearish expected in the week of 23 August 2021 - 27 August 2021. Price correction