As you can see, all the info needed is on the chart. The bearish CONV will retrace and from there:
(1) hit one of my 3 indicated sell levels, creating a div on the 15 min chart and giving us a sell
(2) break the top level (green line) and cancel our trades
However, this could be the start of a potential NASDAQ pullback!
(1) hit one of my 3 indicated sell levels, creating a div on the 15 min chart and giving us a sell
(2) break the top level (green line) and cancel our trades
However, this could be the start of a potential NASDAQ pullback!
Note
A breakout of 6341.8 would be a clear break to start a potential downgradeNote
-AS you can see, the key sell levels (red horizontals) are putting up a wall for the NASDAQ!Note
UPDATE: 6341.8 is HOLDING strong. As you can see on the chart, I stated this level would NEED TO BREAK in order to confirm momentum down, something we have not seen yet, indicating the NASDAQ may be in some sort of ranging pattern.Trade closed: target reached
ANDDD BOOOM. Technically we got EXACTLY what we were looking for, the NASDAQ hit our last sell target and DOWWWWN it went. This is always exciting as I made a pretty decent profit shorting this index, and I hope others did as well! CONGRATS!
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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.