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NASDAQ Pullback

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As we can see price is conducting a pullback and since we had a short wave two price should make a deep wave 4, then when it hits supply probability of turning down for next impulsive move for the 1.272 fib extension which aligns with next demand level.

From a fundamentals perspective, Quantitive tightening and high expectation of increase of interest for next FOMC meeting on 18 March 20222
USD FED futures are bullish
US05Y/US10Y/US30Y bond yields are increasing. Also have possible inverted curve on US05Y/US30Y
Making the DXY ( USDOLLAR) to rise
This would make FX majors and equities to drop and since the NASDAQ is is highly leverage due to borrowing money for research it is very responsive to interest rates

See what happens
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Market working well with initial assessment, lets see what happens in march on FOMC
ملاحظة
Target will be taken tonight after recent news of war

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