NASDAQ INDEX LONG IDEA
Idea: Long around 11680 - 11760 range
Reason: Double bounce off support 11500-11700 range, 4h and daily candle is bullish, signs of temporary reversal is high
TP: Based on key resistance/support level
SL: Below last bottom candle wick 11475, safest to be 11000 range
Key targets (Short-term): 11920, 12010, 12075
Key targets (Mid-term): 12200, 12330, 12450
Key targets (Long-term): 12550, 12700, 12870, 12980
Reason: Double bounce off support 11500-11700 range, 4h and daily candle is bullish, signs of temporary reversal is high
TP: Based on key resistance/support level
SL: Below last bottom candle wick 11475, safest to be 11000 range
Key targets (Short-term): 11920, 12010, 12075
Key targets (Mid-term): 12200, 12330, 12450
Key targets (Long-term): 12550, 12700, 12870, 12980
Note
Update: Current range 11777, starting my longsNote
Update: Longs from 11680-11777 hit first target 11920 rangeNote
Update: Hit last short-term target 12075 rangeNote
Update: Hit first mid-term target 12200 rangeNote
Update: Possible short scenario (from 12200+ to 11800 range)Note
Update: Hit last mid-term target 12450 rangeNote
Update: Hit 2nd last long-term target 12870 rangeTrade closed: target reached
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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.