#NQ100: SELL 21500, SL 21800, TP 20000 | 18 June 2025
18 June 2025, #NQ100
The NASDAQ 100 index has so far defied expectations for a decline following the formation of an ending diagonal pattern. Instead of reversing lower, the index continues to climb with notable strength.
This behavior suggests that the previously assumed ending diagonal may still be developing — potentially stretching out further in time and price. If so, wave 5 of the larger upward impulse is also still in progress, targeting the upper boundary of the diagonal formation before any meaningful correction begins.
Given this outlook, it remains prudent to watch for bearish entry opportunities. One such potential trigger could be a breakdown below the 21500 level, which may signal the beginning of the anticipated reversal. Investment idea: SELL at 21500, Stop Loss at 21800, Take Profit at 20000
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.
