Hi everyone,
As you can see on the chart there are some indications that are pointing out that NASDAQ is repeating the Bitcoin Crash. One of of them is the rising wedge.
Per the wavecount you can see that NASDAQ is completing the last ABCDE of the Wedge that is leading to a breakout of the downside if it were to complete.
RSI is telling the same story. The ABCDE is clearly a corrective pattern like seen (marked with green box) on the btc chart.
I will update the chart accordingly as we get more confirmation to the downside, so please give it a like!
As you can see on the chart there are some indications that are pointing out that NASDAQ is repeating the Bitcoin Crash. One of of them is the rising wedge.
Per the wavecount you can see that NASDAQ is completing the last ABCDE of the Wedge that is leading to a breakout of the downside if it were to complete.
RSI is telling the same story. The ABCDE is clearly a corrective pattern like seen (marked with green box) on the btc chart.
I will update the chart accordingly as we get more confirmation to the downside, so please give it a like!
Comment:
Short target have been hit. I expect downside and a break below the wedge now.
Comment:
Update: I am still in the short. US100, seems to have climbed a little higher than expected. But the wedge is still valid.