NQ hitting daily downtrend line
The NQ daily time frame is in a down channel. The
market hit the top of the channel and is now
making lower lows and lower highs pushing
towards the bottom of the channel. The market
has a down Fibonacci with an extension price point
9595.25 about -6,966 ticks below the market. As
long as the market stays below the down trend
line. It will be a good idea to turn to the one hour
time frame and to look for high prices in the sell
zone.
market hit the top of the channel and is now
making lower lows and lower highs pushing
towards the bottom of the channel. The market
has a down Fibonacci with an extension price point
9595.25 about -6,966 ticks below the market. As
long as the market stays below the down trend
line. It will be a good idea to turn to the one hour
time frame and to look for high prices in the sell
zone.
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