ElenaMayi

USNAS100 short correction

Short
OANDA:NAS100USD   US Nas 100
The Nasdaq index, after its long decline, is now making a correction towards the 17230 level.

chart in the 4-hour time frame, it tells us that the downtrend of the Nasdaq is confirmed and will continue to fall as long as the price is below the 17400 and 17230 levels.

After the Nasdaq index reaches the 17230 level, it will reverse downward to reach the 17000 level and below the 16660 level.

But to start the upside, we need a positive wave upwards, and we need to break the 17230 and 17400 levels.

Pivot level: 17400
Tendency: down trend
Entry Price: 17152

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