According to the Fibonacci and parallel channel trend lines, I expect to witness another fakeout before Nasdaq falls hard again. We can go with good risk reward on this one 1:6. Share the idea with all of your friends, let them enjoy it too
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Well done! Exactly as expected after the fakeout of the downtrend channel, the price declined from the resistance Fibonacci level of 0.618. The current uptrend of the US Dollar index will plunge the price of the Nasdaq to our final target...
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Comment: The first target was achieved (Fibonacci level 0.786) with +500 points made!
More to come
More to come
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Everything is going according to my analysis +700 points were made!
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Nasdaq made 1000 points profit, well done!