NASDAQ: Hawkish Fed Will Drop the Market Even Further?

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Hello Fellow Stock Global Trader/Investor!

Chart Perspective
Nasdaq retested the EMA200 and the bearish trendline with an impulsive bearish candlestick, indicating a bearish sentiment. The recent, Breakout of the Complex Double Top Pattern is a clear indication of upcoming bearish sentiment. Recently, The MACD Indicator made a death cross, confirming a possible downside movement to the target area.

Fundamental Drives
-Missed Earning Estimate
-The Hawkish Fed

All other explanations are presented on the chart.

The roadmap will be invalid after reaching the target/resistance area.

"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the NQ1!"
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H4 Double Top for Clearer Picture
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Breakout of the Descending Broadening Wedge Pattern
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Confirmation becomes more clear
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