nasdaq futures at resistance, could beat it (TQQQ)

Jan 28, 2022

this is simple. were at the major resistance in nasdaq furures. if we stay over the .382 of fib trend extend we will probably bull flag, and this could mean we see the 0 of that pattern quite soon (around $55.94)
stop loss around 52.89 as this would mean we need a retest of major support.

Jan 28, 2022

Note

we could head and shoulders on the 1 minute and i want to caution that we may take time in this area.

keep in mind most of my trades take an average of 30 seconds to 1 minute

Jan 28, 2022

Note

52.97 is a decent target if we engage puts
i have no problem buying over the .382 and selling near high of day for the time being

Jan 28, 2022

Note

tightening range appears ready to break soon

i will match the direction of the break

Jan 28, 2022

Trade active

taking half profit here, and leaving some to run raising stop loss to 54.39

Jan 28, 2022

Note

we need to hold 53.69 and break 54.59 on the 15 minute to continue this uptrend hourly else price threatens to head and shoulders on 5 minute.

Jan 28, 2022

Trade closed manually

im out of long as the bull picture is too crazy for me

Jan 28, 2022

Note

watch the rug... nobody vaccumed.
oh, and, dont let the door hit you on the way out.