Nasdaq reached a key daily supply zone last week.
The market was rejected heavily from that.
Analyzing a 4H time frame, I spotted a confirmed bearish reversal:
the price formed a double top pattern and closed below its neckline.
The index may drop soon to 12279 / 12058
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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.