As I predicted already on 12th January NASDAQ is down - now in the marked support zone. I hope you picked short as suggested. In this chart, I added the next support level in case the current one will be broken. More likely we will see a drawback to the orange EMA 200 line or to one of the Fibbonacci retracement levels.
It is possible to realize the gains on your short positions now (based on chosen leverage, strategy & preferences) or to adjust your stop-loss.
If you enjoy this analysis thumbs up!
_______
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🎯 About my posts: They are kept self-explanatory in order to avoid overcomplicating and confusion. Mostly price signals and trend analysis combined with chart patterns.
Disclaimer: This is not an investment advice
It is possible to realize the gains on your short positions now (based on chosen leverage, strategy & preferences) or to adjust your stop-loss.
If you enjoy this analysis thumbs up!
_______
🚀 Follow for daily posts
🎯 About my posts: They are kept self-explanatory in order to avoid overcomplicating and confusion. Mostly price signals and trend analysis combined with chart patterns.
Disclaimer: This is not an investment advice