Welcome again. In this analysis, the price of the Nasdaq index has entered a downtrend since the beginning of the week, so the closest scenario today is that we see the continuation of the decline. But I expect that there will be a price stop because the price is currently between two strong supply and demand areas as shown on the chart
And do not forget to consult your account manager, and good luck to all And don't forget to leave a like and your opinion in a comment
We have one more big leg down - capitulation time before the move back up. In my opinion dont be fooled by the bounce near or just after open to around 11650 ... its a risk off day imo
csutanto1
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furthermore 110 million of etfs for longs was removed from the market last 2 days - of course i could be wrong on all this ..lol.
TRADIN_GR
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@csutanto1, All of what you said is true, it is only a point of view
csutanto1
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@TRADIN_GR, thanks .. this is also my point of view , anything can happen from this point .. it is so so volitile.