The current price: 15,697
Key point: 15828
Our preferred direction: selling positions below 15828 levels, targeting 15627 as a first target, then 15544 as a second target
Alternative scenario: stop loss and change direction by breaking 15828, targeting 15900
Technical comment
The Nasdaq fell on the four-hour time frame, from the resistance levels 15900-15828, and from the bearish trend line from last month’s high, so that it is expected to reach the bullish trend line, and then continue the rise again.
But if the trend is breached, the price will head to the support levels 15312-15416
