Daily analysis and trade setups on NASDAQ 20220720

Jul 20, 2022

We are in a consolidation zone between 11989 and 12452. Break on either side and continuation will decide the next phase of the trend

Current short term bias is careful bullish

Buy continuation from 12250 for 12485, then 12600 and Blue level B at 12670

Also, buy reversals at 12150, 12915 and 12675

Sell rejections at 12485 or 12600 and, of course, Blue level B at 12670

Also, sell breaks and confirmation below 12200, 12910 and continue holding sales below that

Blue levels B, C, D , E, F in play today

Detailed green level chart is here >>>

Jul 20, 2022

Note

I published my analysis when the price was 12238

See the result

Jul 20, 2022

Note

Total 240 point range. With standard setup of 20 point stop loss or even 30 point stop loss, it is easy to make 300-400 points easily