Nasdaq - Yet another opportunity to short
Shooting star on the 1 hour time frame. I'll take some profits off the table at 2 for 1 ratio and ride the rest. Trade is void if we reach this high again.
The breakout upwards will have the effect of trapping some bulls so if price is able to penetrate the choppy zone, stops will be triggered and we will see a sell-off. Reaching the relative high will have the same effect on the opposite side however so don't risk too much on this trade as it will be slippery!
The breakout upwards will have the effect of trapping some bulls so if price is able to penetrate the choppy zone, stops will be triggered and we will see a sell-off. Reaching the relative high will have the same effect on the opposite side however so don't risk too much on this trade as it will be slippery!
Trade active
Adding a bit as we broke another support and are now testing the new resistance.Trade active
Adding
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.