NASDAQ: Hawkish Fed Will Drop the Market Even Further?
Updated
Hello Fellow Stock Global Trader/Investor!
Chart Perspective
Nasdaq retested the EMA200 and the bearish trendline with an impulsive bearish candlestick, indicating a bearish sentiment. The recent, Breakout of the Complex Double Top Pattern is a clear indication of upcoming bearish sentiment. Recently, The MACD Indicator made a death cross, confirming a possible downside movement to the target area.
Fundamental Drives
-Missed Earning Estimate
-The Hawkish Fed
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the NQ1!"
Chart Perspective
Nasdaq retested the EMA200 and the bearish trendline with an impulsive bearish candlestick, indicating a bearish sentiment. The recent, Breakout of the Complex Double Top Pattern is a clear indication of upcoming bearish sentiment. Recently, The MACD Indicator made a death cross, confirming a possible downside movement to the target area.
Fundamental Drives
-Missed Earning Estimate
-The Hawkish Fed
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the NQ1!"
Note
Support the channel by smashing the rocket button and Share your opinion in the comment section!H4 Double Top for Clearer Picture
Note
Breakout of the Descending Broadening Wedge PatternNote
Confirmation becomes more clear
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