📉Nasdaq Continued Declines📉

📉Nasdaq Continued Declines

📉Nasdaq reopens with a downward gap at the opening of the session.

📉The scenario remains unchanged, I still expect declines.

📉Looking at the technical environment, it is hard to talk about the high probability of increases here. Most indicators are on the bearish side.

📉I determined the support zone based on the recent lows.

📉I determined the resistance zone based on the level of 0.618 of the entire upward wave from the bottom to the current peak.

📉The scenario I am playing out is a continuation of declines to the vicinity of the support zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

📉*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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