NASDAQ has clearly done mass psychology and got everybody at the wrong side of the market making people think it is going to continue long.
But the pattern it formed was a rising wedge pattern which was clearly a reversal in trend.
Now price has formed a bear flag pattern hence looking to enter short
But the pattern it formed was a rising wedge pattern which was clearly a reversal in trend.
Now price has formed a bear flag pattern hence looking to enter short
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