NASDAQ is rejected from 14350
NASDAQ downside continuation is showing no signs of deceleration as the instrument is again below 14000. This rejection from 14300 and a break below 1400 again in the now perfectly shaped downside channel indicate colossal downside potential. Elliott Waves indicate an acceleration in the third wave down, which is the most violent and the longest.Â
Note: look for the short trade entries with the stop loss above 14100.
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