The Nasdaq closed below the psychological resistance level at 14000.00, while completing a major 1-5 impulse wave pattern.
Given that the market is range-trading at present, this seems like a good time to use intraday contrarian strategies. The bearish correction is expected to reach the 23.6 per cent Fibonacci, potentially even the 38.2 per cent Fibonacci.
Given that the market is range-trading at present, this seems like a good time to use intraday contrarian strategies. The bearish correction is expected to reach the 23.6 per cent Fibonacci, potentially even the 38.2 per cent Fibonacci.
