As you can see, the nasdaq fell yesterday after the powell speech with a strong decline, and large candles.
So according to my analysis; there was a liquidation on the level of 12025.9 which was the old resistance, it was broken we go up to 12068, after there was a liquidation by the big companies and the big banks and it was our entry also yesterday .
The price has broken the old support 11709 which is now trying to retest it and for us our entry is going to be on the fibonacci levels 0.618 or 0.5 seeing where the price can go.
So according to my analysis; there was a liquidation on the level of 12025.9 which was the old resistance, it was broken we go up to 12068, after there was a liquidation by the big companies and the big banks and it was our entry also yesterday .
The price has broken the old support 11709 which is now trying to retest it and for us our entry is going to be on the fibonacci levels 0.618 or 0.5 seeing where the price can go.