#NQ100: SELL 21500, SL 21650, TP 20600 | 16 June 2025
16 June 2025, #NQ100
The ending diagonal pattern in wave 5 appears to be complete. The index has started to move lower, and this may mark the beginning of a significant downward move. There is strong potential for a deep corrective decline at the very least—and possibly the start of a larger impulsive drop. Since both scenarios suggest further downside, traders are advised to consider short positions at current market levels, with attractive profit potential. The current move likely represents the first wave of a new downward cycle, making this a compelling entry opportunity. Investment idea: SELL 21500, SL 21650, TP 20600.
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.
