Nasdaq is currently at an H4 supply zone in a major downtrend as shown by the MACD to determine Previous highs and lows. chances are we could reverse now and continue with the trend down to the regions of 11800 and lower or we could range a little and have a slight push up to the regions of 12780 were Nasdaq will be at a confluence of a H4 supply zone and an H4 trendline down and a Daily Stronger resistance zone. Nasdaq is still in a downtrend so i will be looking on lower timeframes such as 30 mins,15 mins or even 5 mins at these specific zones for entries to continue down.
Trade closed: target reached