This should bring out both bulls and bears! 😱

It's an amazing and long channel.

The bulls will say that it's a breakout of the channel. The bears will argue that it means the NASDAQ will crash.

I'm not into that debate. It's a dangerous one.

Overall I think there is a slightly greater probability for the south based on the channel - but how far south is big problem.

There is a probability for the north and a breakout because of the ATR line on the 1-day time frame showing a sharp switch.

The the above only apply at this snapshot.

Have a look. If you have reasons to be bullish or bearish , have your say! 🙏👍

Disclaimers: This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.

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