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
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