Here at the H2 TF, the Nasdaq is falling reacting from 122.98 for what could be a future buying price.
And for My Analysis
Price got rejected three times from my upper trend-line holding still at 120.09 without a L for a swing high. This causes uncertainty for bearish investors as price could potentially reverse and break resistance to continue the up-trend that's shown by the bottom trend-line.
In my view, price-action has made three touches and is below my 0.78 Fib, so I believe price will further drop, this indicating to me that although the dollar could rise -will drop due stock market concerns.
And for My Analysis
Price got rejected three times from my upper trend-line holding still at 120.09 without a L for a swing high. This causes uncertainty for bearish investors as price could potentially reverse and break resistance to continue the up-trend that's shown by the bottom trend-line.
In my view, price-action has made three touches and is below my 0.78 Fib, so I believe price will further drop, this indicating to me that although the dollar could rise -will drop due stock market concerns.