#NASDAQ at the Weekly FIBO138.2 TARGET zone // WATCH OUT!
US100 has reached the first weekly target after COVID19 (FIBO138.2 measured on the closing prices of the COVID wave). It has reached it with a huge impulse, without any deep correction, not even on the Daily chart since April 2020.
IMHO there is a high chance a deeper correction may shape out of this rally. I don't expect the market to turn bearish, but a correction may bee looking at us from the corner.
Markets can do anything, and the trend is fully in sync LONG, so I'll keep buying every break of a countertrend on the smaller time frames (H4, H1).
IMHO there is a high chance a deeper correction may shape out of this rally. I don't expect the market to turn bearish, but a correction may bee looking at us from the corner.
Markets can do anything, and the trend is fully in sync LONG, so I'll keep buying every break of a countertrend on the smaller time frames (H4, H1).
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