$NDX / #Nasdaq | 1H Trade Setup Update 🔴 Short Position: - Entry: 18,889 (0.618 Fibonacci Level)

$NDX / #Nasdaq | 1H Trade Setup Update

🔴 Short Position:
- Entry: 18,889 (0.618 Fibonacci Level)
- Stop Loss: 18,992
- Take Profit: 18,368

● Current Status: NDX has broken below the Value Area Low (VAL) but is showing bullish divergence, hinting at a possible recovery.

● Technical Indicators: Falling Money Flow: Declining, a point of caution. Rising Momentum: Increasing, signaling potential bullish momentum. Stochastic RSI: Bottoming, indicating potential for upward movement.

● Outlook: This long trade aims for 20,073, with confirmation of sustained upward momentum being key. Despite the break below VAL, the combination of rising momentum and a bottoming Stochastic RSI suggests a favorable outlook.