The price of Nasdaq will drop sharply to the support level at 10,000 and 8,350.
The price show rejection on weekly timeframes.
The price are doing side way structure on monthly timeframes
the price start losing its momentum on daily timeframes.
the price act like bitcoin when its reaches new high and its is psychology level. this is scary if it break the 10,000 support level. I think there will be many companies go bankrupt because of high interest rate.
I am bearish on this nasdaq untill at least feb 2024. or when the price reach 10,000$ and 8,350$ I will start accumulate stocks again.
I will play bearish side by using sqqq as a tool for dca every time price spike up.
The price show rejection on weekly timeframes.
The price are doing side way structure on monthly timeframes
the price start losing its momentum on daily timeframes.
the price act like bitcoin when its reaches new high and its is psychology level. this is scary if it break the 10,000 support level. I think there will be many companies go bankrupt because of high interest rate.
I am bearish on this nasdaq untill at least feb 2024. or when the price reach 10,000$ and 8,350$ I will start accumulate stocks again.
I will play bearish side by using sqqq as a tool for dca every time price spike up.