#NQ100: SELL 21400, SL 21700, TP 20700 | 10 June 2025
10 June 2025, #NQ100
The initial bullish momentum shown by the NASDAQ index following its sharp drop is now fading. Each new upward step is met with increasing resistance from sellers. This behavior raises doubts about the structure currently unfolding within wave 5 of the presumed larger upward impulse. It appears increasingly likely that wave 5 is taking the shape of an ending diagonal, which could be nearing completion—only a few sub-waves may remain. Once finished, a sharp reversal is expected. Given this outlook, it is advisable to wait for a favorable setup to initiate short positions. Investment idea: SELL 21400, SL 21700, TP 20700.
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.
