Wednesday, August 28, 2024

The Nasdaq index is in peak areas and is sensitive to corrections - Follow Up

According to the forecast, the Nasdaq index went into correction, it is still a short-term correction according to a 4-hour time frame, but in light of the thin air at the top of the index, it is possible and should be prepared for a more significant correction.
Attached is a 4-hour graph of the Nasdaq index showing the breakout of a bearish head and shoulders reversal pattern in a 4-hour time frame:


Attached is a link to the forecast that was distributed before the pattern was broken down.

 

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