Daily analysis & day trading setups on NASDAQ NAS100USD 20220817

Aug 17, 2022

Happy Mid Week Day, Happy Wednesday, Happy FOMC Day,

NASDAQ has given up 13570 level which was vital turning point. Break of 13530 & 13480 will open downside. Reversal from 13530 & move above 13620 means we are in another bull run to 14k

Line in the sand is 13570.

MacroUS Retail Sales, FOMC

Buy
Break: 13550, 13645, 13750, 13900
Reversal: 13460, 13375, 13230

Sell
Break: 13485, 13390
Reversal: 13670, 13785, 13940

I regularly publish my daily analysis & trading plan for day trading setups. The links are here:

• NASDAQ
• DAX
• SPX

Green Goblin levels are here >>>


Fibonacci Confluence levels are here >>>

Aug 17, 2022

Trade closed: target reached

#Trade 1: Bearish engulfing @ blue level E

#ShortTrade 13590
SL 20 pts
TP1 60 pts✅
TP2 120 pts✅
TP3 60 pts✅on reversal

#EasyPeasy #NASDAQ100 #Trading with confluence fibonacci levels published above

Aug 17, 2022

Trade closed: target reached

#Trade 2: Retracement to Big Blue level F

#ShortTrade 13534
SL 20 pts
TP1 60 pts✅
TP2 120 pts✅
TP3 70 pts✅on reversal

When you #PlanYourTrades & #TradeYourPlan, you do #GetRichSlowly but surely

#Learntotrade #NASDAQ100

Aug 17, 2022

Trade closed: target reached

#Trade 3: Breakout at Grand Level G

#LongTrade 13450
SL 20 pts
TP1 60 pts✅
TP2 120 pts✅
TP3 140 pts✅

Thank you Mr Market for #WinningWednesday

#Learntotrade #NASDAQ100 to #GetRichSlowly

#NASDAQ #NQ_F #QQQ QQQ NQ_F

Aug 17, 2022

Note

Another massive FOMC day. NASDAQ worked very well with trading plan

810 pts captured during the day. Overall average is 270 pts over 3 trades by risking just 20 pts in each trade. Only one trade open at a time.

In short, 20 pts risk with 270 pts gain >> 13X