After its intensive correction to around 11700, the Nasdaq followed a heavy rejection. And in the second attempt, it continued its downward trend by hitting the trend line and confirming it. Currently, due to the preservation of the four-hour trend line and the signs of the end of the price correction in the daily chart, we can have a more bearish view about this market. . Also, by analyzing the fundamental data from the United States, we can expect an increase of 1.5 percentage points in the interest rate by the end of the year, in which case stocks and indices, especially the Nasdaq, will remain in their downward trend and touch new lows with high probability. This analysis is in no way investment or trading advice.
Trade closed: target reached
