The Great Retrace Nasdaq Futures

Standard Fib Pull from ATH to Covid Low PA sitting at .382 fib level and the POC of the entire range .

Loss of the .382 and we descend to the levels below , alternatively we stay within the current range

inside the descending channel .

I have marked an area of resistance for a potential short if the opportunity presents itself where Its

possible we continue to reject off of the 50EMA and print a LH and continue with the bearish MS.

Trade the range and take it level by level , for now support has done its job so set an alert and trade the reaction .

Know your Invalidation and trade your Plan !

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