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charrison4300
Aug 9, 2022 10:57 AM

3K T/P Nasdaq Short Idea Short

Nasdaq 100 IndexBlackBull Markets

Description

Nasdaq Index

- Price been trending downward since the end of December 2021 and forming a channel chart pattern.

- Obviously more downside rather than upside potential ranging from 3K-3.9K in points. Downtrend is starting to weaken according to moving averages and and vortex sub chart indicator.

- Colored arrows represents 3 scenarios that could play out if price continue to trade within and/or breakout.
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