Nasdaq short to 13000
Alongside the fundamental short bias for indices in the near future, the weekly chart displays beautiful price action with a textbook reversal pattern.
-Head and shoulders at the all time high.
-Pinpoint 61.8% fib rejection.
-Pinbar followed by big bearish candle engulfing the previous two weeks.
We are going down.
-Head and shoulders at the all time high.
-Pinpoint 61.8% fib rejection.
-Pinbar followed by big bearish candle engulfing the previous two weeks.
We are going down.
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