NASDAQ Potential Retracement?
One of the most important rules of trading is to follow the trend... We can clearly see that nasdaq is bullish right now and is in a uptrend, but we are approaching a big confluence zone : 0.61 Fib level- trend lines and horizontal support. Selling the first touch of 14340 area should be a good opportunity to short and see the reaction of the market. Don't forget that risk management is everything in trading.
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