NASDAQ (DAILY TIMEFRAME)
1) On daily we have a massive downtrend for the past year
2) the market structure has created two trend line touches
3) we are heading for a third touch on this major down trendline
4) what makes this intresting is that we are approaching the major trend with micro trend / counter trend/ pattern that will help us identify when structure has changed on lower timeframe
overall we are bearish on nasdaq untill it breaks the major trend
2) the market structure has created two trend line touches
3) we are heading for a third touch on this major down trendline
4) what makes this intresting is that we are approaching the major trend with micro trend / counter trend/ pattern that will help us identify when structure has changed on lower timeframe
overall we are bearish on nasdaq untill it breaks the major trend
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