NASDAQ - Correction Due?

Nasdaq is on a really impressive run, gaining over 80% in less than 2 years/

As with all good things, they must come to an end... for a short period of time atleast = correction.

This diagonal is a typical pattern for a reversal. Unlikely that we'll see a big reversal so it could be just a bearish correction for the next move higher. We have some structure levels present where we'll be reviewing what comes next once we reach them.

Trade Idea:
- Watch for signs of bearish reversal
- Our confirmation will be the break of the red trendline
- Once broken, enter with stops above the highs
- Targets: 17k, 14k, 11k

It's unlikely that we'll reach 11k so do actively manage your positions if entering shorts.

Goodluck and as always, trade safe!