Expected Downturn Following Breakdown of Trendline and DC

14 thg 9, 2020

NASDAQ is expected to have a downturn following the breakdown of trendline as well as Death Crossing of MA10 and MA20. Using the Fibonacci Retracement, price is expected to fall to Fibonacci 0.5 by highest probability. If price takes a consolidation period around Fibonacci 0.382 then it is highly likely will continue it's movement towards Fibonacci 0.618. If the movement tturns out like this, then it is highly likely will fall to Fibonacci 1.

Action : Sell
Support : 9595 - 9722