Hello friends! It's time for our beloved Nasdaq index to cool down. I expect a correction amid the strengthening of the dollar.
H4: clear Double Top forming near 23,000.
Daily: bearish MACD divergence confirms momentum shift.
📐 FRL (H4): neckline at 23,000, perfectly aligned with 100 SMA on H4.
🎯 Target: 0.618 Fib retracement at 20,500 – confluence with 100 & 200 SMA on Daily and strong horizontal support.
H4: clear Double Top forming near 23,000.
Daily: bearish MACD divergence confirms momentum shift.
📐 FRL (H4): neckline at 23,000, perfectly aligned with 100 SMA on H4.
🎯 Target: 0.618 Fib retracement at 20,500 – confluence with 100 & 200 SMA on Daily and strong horizontal support.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.