NASDAQ - Sell The Hype 🩸

On lower timeframe, Nasdaq appears to be reversing but once you zoom out, you can see that it's just a correction.

We are currently within subwave 4, which is an ABC correction. Watching for completion below the blue structure/fib.

Trade Idea:
- Watch for rejection at the 618 fib level
- On lower timeframe, watch for trendline break, BOS etc for confirmation
- SL above the correction once we move lower
- Targets: Recent lows 10500, -0.618 fib (9000)

Goodluck and as always, trade safe!

Kommentera:

Reworked the wave count due to price going above wave 4 invalidation. This wave count makes more sense