NDX is likely to have reached his short-term peak (-2000 points)
It looks like this week's technical analysis gives us a strong indication that the price is overvalued.
The price having formed a harmonic pattern ( bearish bat ) which means that it is currently in an area of potential reversal.
Regarding the shorter time scales we notice that it stagnates below the purple box, having formed a double top which reinforces the bearish signal.
Then the Rsi indicates a bearish divergence adding further value to this setup
In this case, it is worth taking a bearish position today in order to take advantage of the corrective wave to come. The targets are displayed on the chart: the first will be the white line at 13218 then the red line (which is the critical zone according to the volume profile as well as the 0.618 of the fibonacci retracement )
this trade provides us, an almost, certainty of gains due to the multiple bearish signs stated above.
The price having formed a harmonic pattern ( bearish bat ) which means that it is currently in an area of potential reversal.
Regarding the shorter time scales we notice that it stagnates below the purple box, having formed a double top which reinforces the bearish signal.
Then the Rsi indicates a bearish divergence adding further value to this setup
In this case, it is worth taking a bearish position today in order to take advantage of the corrective wave to come. The targets are displayed on the chart: the first will be the white line at 13218 then the red line (which is the critical zone according to the volume profile as well as the 0.618 of the fibonacci retracement )
this trade provides us, an almost, certainty of gains due to the multiple bearish signs stated above.
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