Revised target price on NQ of 12900
A good trader needs to be flexible and my previous target of 12700 is now a secondary target. New primary target is 12700. This is only in a case of a sell-off. I try not to predict directions, only set up triggers and this is true for this idea too. I have a long and a short trigger.
Short trigger:
- break below 13340 support line. Enter either on breakdown or retest of what would then be resistance.
- 1st target is around 12900 as this was a recently formed pivot point.
- 2nd target is still 12700, but see how price is acting if there is a sell off to 12900.
- light blue (fast Hull) line dip temporary below purple down trendline. This can sometimes be a sign of things to come. In other words this quick dip below the trendline can be cautiously used as a leading indicator of a drop coming.
Long trigger:
- break out above 13426. Enter either on breakout or retest of what would then be support.
- target is green up arrow to most recently major high pivot.
Between the black lines (where price is now) is no trade zone. Do not take a position in my black zone according this idea plan.
Wait for current 4 hour candle close. It will likely show a long or short position at close.
Use good risk management.
Also though I don't use fibs much it is interesting how good the important fibs line up with my support resistance lines and how they are respected in the past too.
Let's see how it goes and hope you all safe trading!
Remember if you like this I always enjoy a thumbs up. It makes me happy and feels good! Please also leave comments because I am happy to hear opinions.
Ms Bunny
Short trigger:
- break below 13340 support line. Enter either on breakdown or retest of what would then be resistance.
- 1st target is around 12900 as this was a recently formed pivot point.
- 2nd target is still 12700, but see how price is acting if there is a sell off to 12900.
- light blue (fast Hull) line dip temporary below purple down trendline. This can sometimes be a sign of things to come. In other words this quick dip below the trendline can be cautiously used as a leading indicator of a drop coming.
Long trigger:
- break out above 13426. Enter either on breakout or retest of what would then be support.
- target is green up arrow to most recently major high pivot.
Between the black lines (where price is now) is no trade zone. Do not take a position in my black zone according this idea plan.
Wait for current 4 hour candle close. It will likely show a long or short position at close.
Use good risk management.
Also though I don't use fibs much it is interesting how good the important fibs line up with my support resistance lines and how they are respected in the past too.
Let's see how it goes and hope you all safe trading!
Remember if you like this I always enjoy a thumbs up. It makes me happy and feels good! Please also leave comments because I am happy to hear opinions.
Ms Bunny
