NASDAQ Megaphone top and Bearish Cross call for a pull back.
Nasdaq / US100 is trading inside a Megaphone pattern and has just hit its top.
A similar Megaphone in late 2022 - early 2023 got rejected on a proportional (to today's) top, followed by a 1day MACD Bearish Cross, which pulled the price back to the 1day MA50.
We are about to form a 1day MACD Bearish Cross on that exact same level.
Sell now and target the 1day MA50. Projected contact around 15400.
Previous chart:
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A similar Megaphone in late 2022 - early 2023 got rejected on a proportional (to today's) top, followed by a 1day MACD Bearish Cross, which pulled the price back to the 1day MA50.
We are about to form a 1day MACD Bearish Cross on that exact same level.
Sell now and target the 1day MA50. Projected contact around 15400.
Previous chart:
Follow us, like the idea and leave a comment below!!
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