Nasdaq Index is approaching a key daily structure resistance.
The price has formed a descending triangle formation on that on 1H time frame.
Its neckline was broken, and an hourly candle closed below that, confirming a highly probable coming bearish movement.
Next support: 12000
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.