NASDAQ Channel up transitioning to a Head and Shoulders.

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Nasdaq broke and closed today a (4h) candle under the MA200 (4h) for the first time January 8th.
By doing so it completed a Head and Shoulders formation, which is a bearish reversal pattern.
Its target is technically the 2.0 Fibonacci extension.

Trading Plan:
1. Sell on the current market price.

Targets:
1. 17200 (the 2.0 Fibonacci extension, located between Supports 1 and 2).

Tips:
1. The RSI (1d) is inside a Channel Down since the start of Nasdaq's Channel Up, which is a technical Bearish Divergence. It shows that the bullish momentum has lost its strength.

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