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Nasdaq higher TF Analysis

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Hello Everyone,

Nasdaq hit the monthly area of resistance last week and then pushed the price back down. We can see a triangle has been formed and from previous analysis you have seen how this triangle plays. Usually indicates a bearish move down. We may see price pushing back up to the monthly resistance once more before we get this break down. However there is always a chance price can still break up however for this analysis I will focus purely on the bearish sentiment right now.

Feragatname

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