The Nasdaq currently exhibits a compelling trajectory within a well-defined pitchfork channel. While this pattern presents enticing opportunities, it is essential to approach investments with caution due to the associated risks.
Investors should be aware that the current juncture is particularly precarious, as any correction towards the pitchfork's last support level could result in losses of up to 23%. Despite the potential for attractive rewards (18%), my investment strategy suggests that the risk-to-reward ratio may not be favorable at this point.
For those considering short-term trading, Nasdaq does offer opportunities. However, it is crucial to bear in mind the inherent risk associated with this market. Nasdaq's dynamics are influenced by a multitude of algorithms, adding an extra layer of complexity to the trading environment.
My investment method :
I am not interested in investing in the indicator at theses prices. Congratulations for thoses who bought at 10k-11k.