NASDAQ Potential Retracement?

٢٦ مايو ٢٠٢٣

One of the most important rules of trading is to follow the trend... We can clearly see that nasdaq is bullish right now and is in a uptrend, but we are approaching a big confluence zone : 0.61 Fib level- trend lines and horizontal support. Selling the first touch of 14340 area should be a good opportunity to short and see the reaction of the market. Don't forget that risk management is everything in trading.