NASDAQ Watch for sell

Updated

Hello traders:

NASDAQ also has great bearish price action forming on the LTF.

Similar like other indices, price has been correcting in the HTF ascending structure.

We see LTF also has a ascending channel, pairing with a head and Shoulder pattern.

These are good bearish confluence for us to look for potential see setups.

Latest price shows a potential completion of a continuation correction, so expect price to breakout and continue to drop out of the HTF structure.

Thank you

Note
HTF:
snapshot
Chart PatternscorrectionFLAGHead and ShouldersimpulseParallel ChannelpatternpriceactionstructureWedge

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