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NQ Hitting Daily Downtrend Line

NQ hitting daily downtrend line by JoshuaMartinez on TradingView.com

The NQ daily time frame is in a down channel.

The market hit the top of the channel and is now making lower lows and lower highs, pushing towards the bottom of the channel.

The market has a down Fibonacci with an extension price point 9,595.25, about -6,966 ticks below the market.

As long as the market stays below the down trend line, it will be a good idea to turn to the one hour time frame and look for high prices in the sell zone.