This is a potential scenario unfolding for the NAS100 in the next 6 to 10 months. I think it would be too easy just to short the white resistance line . What is more likely to happen is price breaking that area and triggering a fomo rally to 0.5 or 0.618 before starting its next leg down.
If this does happen then we could see a 44% drop from all time high down to 9300 points which would be pre-covid levels.
The TA below shows what would happen to Bitcoin if this did unfold in the stock market.
If this does happen then we could see a 44% drop from all time high down to 9300 points which would be pre-covid levels.
The TA below shows what would happen to Bitcoin if this did unfold in the stock market.
