Name: Expecting More Pain But It All Depends On The Federal Reserve
Uploaded: 2022-05-03T05:30:28.704190
Channel: Linton_White
Description: The downtrend on the daily timeframe is in tact and there was a close below the 38.2% Fibonacci retracement level. This leads me to believe that we will see the continuation of the downtrend to the 50% Fib retracement level. All eyes will be on the Federal Reserve meeting this week as that will be the ultimate deciding factor.

Trend Analysis Chart Patterns Wave Analysis nasdaq NASDAQ 100 CFD nasdaq100 NASDAQ 100 CFD NASDAQ 100 E-MINI FUTURES US NAS 100 Bearish Patterns flatpattern

trendanalysis chartpattern waveanalysis nasdaq nas100 nasdaq100 ndx nq1! nas100usd bearish flatpattern

The downtrend on the daily timeframe is in tact and there was a close below the 38.2% Fibonacci retracement level. This leads me to believe that we will see the continuation of the downtrend to the 50% Fib retracement level. All eyes will be on the Federal Reserve meeting this week as that will be the ultimate deciding factor.