NASDAQ INDEX SHORT IDEA (SHORT - MID TERM)
Updated
Hello I am back after a hiatus
Idea: Short 16250 - 16400 (RR Ratio 3+)
Reason: Tested key support 16300 area, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: RSI & Awesome Oscillator in 1h 2h 4h daily signals potential upcoming correction
TP: Based on key resistance/ support level
SL: Above next resistance/ support level 16550
Key targets (Short-mid term): 16060, 15960, 15860, 15780, 15690, 15600, 15550, 15470, 15370, 15300, 15230, 15150, 15090, 15000
Idea: Short 16250 - 16400 (RR Ratio 3+)
Reason: Tested key support 16300 area, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: RSI & Awesome Oscillator in 1h 2h 4h daily signals potential upcoming correction
TP: Based on key resistance/ support level
SL: Above next resistance/ support level 16550
Key targets (Short-mid term): 16060, 15960, 15860, 15780, 15690, 15600, 15550, 15470, 15370, 15300, 15230, 15150, 15090, 15000
Trade closed: stop reached
Update: Trades from 16400 range closed at 16550 SL, likely recovery in next 2 weeks
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.