Nasdaq, time to reverse with Inverted Head and Shoulder

We can see that NASDAQ bounced from 1.618 Fibo level and formed a new Support level around 1400. Also, we can clearly see that the Inverted Head and Shoulder is on its way to formation. I am Expecting bullish price action on NASDAQ from now on. Last few weeks we saw around 30% - 40% drops on the most stocks, from now on I think that we can freely welcome our BULLs to the party and kick out the bear.

Trade Safe and Good Luck!