US 100שורט
NASDAQ starting a short term correction.
Nasdaq got rejected near the top of the 6 month Channel Up.
The narrower Channel Up however made an exact Higher High and the rejection today is a natural technical consequence.
This is most likely starting the 3rd correction wave.
Each wave has been less aggressive than the previous.
The breaking under the 4hour MA50 is the sell confirmation. Target the bottom of the short term Channel Up and the 4hour MA200.
Buy on the 4hour MA200 and target 15280 (Resistance A, High of March 29th 2022).
Previous chart:
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The narrower Channel Up however made an exact Higher High and the rejection today is a natural technical consequence.
This is most likely starting the 3rd correction wave.
Each wave has been less aggressive than the previous.
The breaking under the 4hour MA50 is the sell confirmation. Target the bottom of the short term Channel Up and the 4hour MA200.
Buy on the 4hour MA200 and target 15280 (Resistance A, High of March 29th 2022).
Previous chart:
Follow us, like the idea and leave a comment below!!
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TELEGRAM: t.me/thecryptagon
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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