Its worth noticing that Nasdaq has printed a gap (exhaustion?) up and small upper wicked candle with bearish body right at the 1.786 overshoot ratio of the 1:1.618 Golden Window taken from the 2 month correction in 2023.
So this might be a top for this area.
It doesn't mean that Nasdaq must have a major correction since the pivots are within the trend.
And so I think a minor degree correction is most likely if it does correct here.
I am bullish in higher time frame but neutral in this area.
However I am making a few short entries in weak looking stocks for if the index trend does buckle and may post another short soon.
Not advice
So this might be a top for this area.
It doesn't mean that Nasdaq must have a major correction since the pivots are within the trend.
And so I think a minor degree correction is most likely if it does correct here.
I am bullish in higher time frame but neutral in this area.
However I am making a few short entries in weak looking stocks for if the index trend does buckle and may post another short soon.
Not advice
Nota
Nasdaq gapped down yesterday and printed a bearish candle.Notice that it topped plumb on the 1.786 overshoot ratio of the two point Fibonacci extension.
Your FA guru can't read a chart💭
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.