#NQ100: SELL 16500, SL 17200, TP 15400 | 08 April 2025
08 April 2025, #NQ100
The stock market is under immense pressure, with the NASDAQ index plummeting rapidly. This scenario was anticipated. Previously, it was suggested that a downward impulse was beginning to form, with Waves 1 and 2 already established. The observed decline appears to be driven by the development of Wave 3, which currently looks incomplete.
In this case, it is highly probable that we will see a continuation of the downward movement in the near term. Afterward, an attempt to halt and rise will likely be made, but it will fail. This will form Wave 4, followed by another downward leg, completing the entire impulsive structure.
Thus, entering sell trades in the current situation remains a highly promising trading decision.
Investment idea: SELL 16500, SL 17200, TP 15400.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
