💲 Nasdaq Time for declines 💲

💲 Nasdaq Time for declines

💲 Nearest strong support zone: around the 0.236 fibo level of the downward wave.

💲 Nearest strong resistance zone: around recent highs.

💲 Technical environment:

📊 Moving averages: Uptrend

📊 MACD: Downtrend

📊 RSI: Downtrend

💲 Price action: the Nasdaq is heading south. It failed to sustain the gains after which we started heading towards the support zone. It looks like the next trading sessions will be down for this index due to the lack of strength and buyers who managed to take the price higher.

📉 The scenario I am playing out is a continuation of the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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