NASDAQ INDEX LONG IDEA (SHORT - MID TERM)
Updated
Previously my Short Idea successfully hit 2nd last tp 14400+ area
Idea: Long 14510 - 14690 (RR Ratio 3+)
Reason: Tested key support 14520 area, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: RSI & Awesome Oscillator in 2h 4h daily signals potential upcoming correction
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 14400
Key targets (Short-mid term): 14770, 14850, 14930, 15000, 15090, 15150, 15230, 15300, 15370, 15470, 15550
Idea: Long 14510 - 14690 (RR Ratio 3+)
Reason: Tested key support 14520 area, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: RSI & Awesome Oscillator in 2h 4h daily signals potential upcoming correction
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 14400
Key targets (Short-mid term): 14770, 14850, 14930, 15000, 15090, 15150, 15230, 15300, 15370, 15470, 15550
Comment
Update: Hit 2nd tp area 14850Comment
Update: Hit 5th tp area 15090Trade closed manually
Update: Closed majority of longs at tp 15150 area
Related publications
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.