NASDAQ INDEX SHORT IDEA (SHORT - MID TERM) for SKILLING:NASDAQ by Zxac

NASDAQ INDEX SHORT IDEA (SHORT - MID TERM)

Back to give more insightful ideas (my Nasdaq ideas hit all major targets in previous posts)

Idea: Short around 13550 - 13680 range (RR Ratio 3+)
Reason: It hit a major support/resistance range in 4h timeframe, 30min 1h 4h candle shows potential signs of huge reversal
Additional indicators used to support the case: Ascending channel pattern, Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/support level
SL: Above next resistance/support level 13800
Key targets (Short-mid term): 13350, 13220, 13100, 12990, 12870, 12680, 12550, 12450, 12330, 12240, 12180, 12110

Note

Update: Hit first target 13350..

Note

Update: Tested support level 13220, chances are high for reversal to 13500-13700 for new longs

Note

Update: Tested new support level 12990

Note

Update: Hit 12800+ range, good long opportunity for 13200, 30m 1h 4h chart shows potential retracement incoming

Trade closed: target reached

Hit ALL targets, 12110 reached

Zxac

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Zxac