The Nasdaq currently exhibits a compelling trajectory within a well-defined pitchfork channel. While this pattern presents enticing opportunities, it is essential to approach investments with caution due to the associated risks.

Investors should be aware that the current juncture is particularly precarious, as any correction towards the pitchfork's last support level could result in losses of up to 23%. Despite the potential for attractive rewards (18%), my investment strategy suggests that the risk-to-reward ratio may not be favorable at this point.

For those considering short-term trading, Nasdaq does offer opportunities. However, it is crucial to bear in mind the inherent risk associated with this market. Nasdaq's dynamics are influenced by a multitude of algorithms, adding an extra layer of complexity to the trading environment.

My investment method :
I am not interested in investing in the indicator at theses prices. Congratulations for thoses who bought at 10k-11k.
ملاحظة
Hello,

Quick update on Nasdaq as requested by some followers.

Nasdaq has been tracking along the pitchfork channel, guiding its price movements since 2020. Currently, it has reached a resistance point.

Even in the event of a price decline, the resistance levels have already been outlined by the pitchfork channel.

For me, Investing at theses price levels is not interesting as we are near the all time highs.

Happy trading !
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The NASDAQ followed the channel for the entire year.

I again expect it to continue following this channel in the coming weeks ;)
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