The current price: 14335
Key point: 14427
Our preferred direction: short positions below 14427 levels, targeting 14150 as a first target, then 14000 as a second target.
Alternative scenario: stop loss and change direction by breaking 14427, targeting 14600
Technical comment
The US NASDAQ index reached resistance levels on the daily time frame at 14427-14596, with the formation of a harmonic pattern with a 127% Fibonacci retracement rate from the x-leg, so that if the price could hold below these levels, the price would drop heading to 14150 levels, then 14000 levels
