Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

NASDAQ Analysis & Trading Plan - 4 Sept 2024 #forex #nasdaq #trading #fyp #shorts #forexsignals

4 Sept 2024 · 1 min

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Vladimir Ribakov sees bearish signals across multiple timeframes in the NASDAQ: hidden divergence on the daily chart, broken trendline on the 4-hour, and MACD divergence on the 1-hour. His plan is to sell rallies that pull back to key Fibonacci levels, betting on continued downside.

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Here is why Nasdaq is a sell from my point of view. On a daily chart, a bearish hidden divergence. Hint, we are going down. The 4-hour chart broke the most recent trend line after completing a bearish divergence by itself. On the 1-hour chart, after the pullback we've had, it ended with a bearish divergence. Higher highs on the chart, lower highs on the MACD histogram. We are clearly in a bearish momentum since then. Short-term pullbacks towards the Fibonacci levels are very possible and welcome, but as long as these Fibonacci levels you see on these charts hold, I will be after sell the rallies.