Bearish Alert: Nasdaq’s Downtrend May Deepen Beyond 5%Hey Realistic Traders, Will CAPITALCOM:US100 Bearish Trend Stop? Let’s Dive In....
On the H4 timeframe, Nasdaq continues to follow the bearish trendline and the EMA-200 . Both trend analysis tools clearly signal a bearish trend. The downtrend may persist as a rising wedge pattern has formed, followed by a breakout and a MACD crossover.
Based on these technical signals, I anticipate a potential downward movement toward the first target at 19,077. After reaching this level, a minor pullback is likely before the decline continues toward a new low at 18,544.
This outlook remains valid as long as the price move below the stop-loss level at 20,080
Besides technical factors, U.S. President Donald Trump still intends to implement new reciprocal tariff rates on April 2, adding further uncertainty to the market. This could limit growth potential and contribute to an inflationary environment by increasing the cost of imported goods. Given this uncertainty, we believe the market will continue to decline.
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Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Nasdaq.
