NAS100 next 6months

OANDA:NAS100USD   US Nas 100
This is a potential scenario unfolding for the NAS100 in the next 6 to 10 months. I think it would be too easy just to short the white resistance line . What is more likely to happen is price breaking that area and triggering a fomo rally to 0.5 or 0.618 before starting its next leg down.

If this does happen then we could see a 44% drop from all time high down to 9300 points which would be pre-covid levels.

The TA below shows what would happen to Bitcoin if this did unfold in the stock market.


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