The NASDAQ is about to test the 25 days downtrend line at around 13500. If that downtrend is respected we can expect the market to move further down to create new lows.
ENTRY: ~ 13500
SL: ~ 13600
TP: 12900, 12700, 12500, 12000
This event is unlikely to happen and I expect the market to move to the 90 days downtrend line (orange) and go further down from there.
I will upload my thoughts on Nasdaq, US30, and GER30 once every month for the larger timeframes and weekly on the 1-4HR timeframes.
ENTRY: ~ 13500
SL: ~ 13600
TP: 12900, 12700, 12500, 12000
This event is unlikely to happen and I expect the market to move to the 90 days downtrend line (orange) and go further down from there.
I will upload my thoughts on Nasdaq, US30, and GER30 once every month for the larger timeframes and weekly on the 1-4HR timeframes.
Trade closed: target reached:
sold 0.2 @ 13520 -> 13426
sold 5 @ 13226 -> 13033
sold 5 @ 13226 -> 13033
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