Nasdaq - Shifting back bearish?

TVC:NDQ   US 100 Index
Hello Traders and Investors, today I will take a look at the Nasdaq.


Explanation of my video analysis:

For over a decade the Nasdaq has been trading in a pretty obvious rising channel formation. We saw the last retest of support in 2022 which was followed by an enormous +70% rally towards the upside. Considering that the Nasdaq is now retesting the upper resistance, there is a quite high chance that we will see at least a short term correction lower before the Nasdaq will follow its overall uptrend.


Keep your long term vision,
Philip (BasicTrading)
Actually also NDQ is perfectly following the prediction mentioned in the analysis.

Just be patient and focus on the higher timeframes - setups will eventually come:

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Keep your long term vision.

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