Nasdaq broke the recent correction lows and closed right at session lows.
If we just saw the first wave of a correction, and after that, the relieve rallye to the 50retrace, we now might be poised for the second leg down.
Copy the first leg, measure it from the high of the relieve rallye and you end up retesting the old ATH at 12k, what clearly is a major inflection point in the Nasdaq chart.
That would probably be an insane buying oportunity, especially in some - at that time probably completly obliterated - high growth stocks.
---- If you wanna protect your portfolio, wait for Nasdaq to retest 13.700 from below and get rejected, that would be your lowest risk/reward short entry. Im not posting full short setups though, cause of reasons :D ----
STAY SAFE out there and good luck on your trading.
If we just saw the first wave of a correction, and after that, the relieve rallye to the 50retrace, we now might be poised for the second leg down.
Copy the first leg, measure it from the high of the relieve rallye and you end up retesting the old ATH at 12k, what clearly is a major inflection point in the Nasdaq chart.
That would probably be an insane buying oportunity, especially in some - at that time probably completly obliterated - high growth stocks.
---- If you wanna protect your portfolio, wait for Nasdaq to retest 13.700 from below and get rejected, that would be your lowest risk/reward short entry. Im not posting full short setups though, cause of reasons :D ----
STAY SAFE out there and good luck on your trading.
Hallo und herzlich Willkommen bei 10xTrading -
Dein Kanal, rund ums Thema Charttechnik !
Dein Kanal, rund ums Thema Charttechnik !