NASDAQ UPDATE

NASDAQ was showing early signs of reversal on 9th,august
12,855 was a critical level, but market made 1,more high above that before turning down
On post dated 9th,august,2022 I shared view of multi-pattern breakdown below 12,280-12,080 zone!”
1 month down the line things have changed
People were ultra-bullish when 13,000 was taken out on NASDAQ
But reality is on our screens today
There is only 1 thing constant in universe, that’s (TIME CYCLES)!”
NASDAQ have striked down 11,550 the level which was discussed as potential target below 12,280-12,080 zone next target is 10,800 but would take time!”
If NASDAQ starts sustaining below 11,400 then it would signal extreme weakness in near term
For slightly medium to long term I have nasty projections
But for now let’s take it step by step!”