InvestMate 💲 Nasdaq Begins Correction As Written 💲

💲 Nasdaq Begins Correction As Written

💲 Nearest strong support zone: around the 0.236 fibo level of the downward wave.

💲 Nearest strong resistance zone: around recent peaks.

💲 Technical environment:

📊 Moving averages: uptrend

📊 MACD: 50/50

📊 RSI: Uptrned

💲 Price Action: Nasdaq has started to execute a downward correction exactly as I announced in my last post:

As I wrote, I expect a flatter correction which, with its range, will not fall until near the support zone marked on the chart. For now, I am waiting for the market to start forming some kind of uptrend continuation formation.

📉 The scenario I'm playing out is to wait for the correction to end and join the next upward wave. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀