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tekniquefrs
Aug 13, 2022 9:42 PM

NASDAQ to $9300? Short

US 100 IndexTVC

Description

While looking at the current Fibonacci retracement chart on NASDAQ, I couldn't help but notice the levels don't match up well with support and resistance zones. I started to move the bottom point to different areas and at 9.3k everything seemed to line up nicely. I did the same thing with Bitcoin back in December and found that the levels lined up better around 22k if memory serves. At the time I found it to be interesting but unlikely, yet look where Bitcoin is now. Could this be an indication that NASDAQ will be heading to $9300? Only time will tell but the fib levels certainly seem to fit like a glove.
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