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NAS100/QQQ H16: Straight dump or 15% correction? (STOCKS)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: NAS100 / QQQ H16 market overview/outlook ::: expecting more losses next few weeks ::: a/b/c/d/e complex correction ::: most likely outcome: more selling ::: based on AB swing I got two targets ::: 13 6000 and 13 400 ::: means we will get more follow-through selling ::: STRATEGY: SHORT RIPS/RALLIES ::: Bears EXIT later near point b ::: Expecting STRONG downside next 3-6 weeks ::: similar a/b/c/d/e/ fractal in 2020/2018 ::: review on the right hand side ::: And volatility spike in VIX (up to 40%) ::: it's too early to call the reversal though ::: recommended strategy: SHORT RIPS/RALLIES ::: TP BEARS 13 400 and 13 600 ::: END Of year rally still possible? YES, but too ::: early to call it right now ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS/PULLBACK ::: Sentiment outlook mid-term: BEARS/MIXED
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