US Nas 100Updated NASDAQ - Start 2022 With A BIG Win! đź’¸
Nasdaq has been showing us the perfect impulses and corrections (ABC corrections) where the correction complete nicely on the major ascending trendline and fib level.
We are seeing some bullish price action now but thats okay. No point chasing a trade.
Naturally, we'd want price to come back to the trendline and hit one of our fib levels before we see another massive impulse to the upside. The world economics is all over the place at the moment and so it is imperative that we enter at the best possible place where we can have a strict stoploss placement. This is why we have to wait for price to come back down to the trendline before doing anything else.
Trade Idea:
- Watch for the completion of ABC correction
- Ideally we want the correction to complete at the ascending trendline where we have our fib placement
- Once bullish price action appears on lower timeframe, enter with stops below the trendline
First Target: 16770 (14,500pips)
Second Target: 18200 (27,000pips)
What do you guys think? Leave your comments below.
As always, goodluck and trade safe!
We are seeing some bullish price action now but thats okay. No point chasing a trade.
Naturally, we'd want price to come back to the trendline and hit one of our fib levels before we see another massive impulse to the upside. The world economics is all over the place at the moment and so it is imperative that we enter at the best possible place where we can have a strict stoploss placement. This is why we have to wait for price to come back down to the trendline before doing anything else.
Trade Idea:
- Watch for the completion of ABC correction
- Ideally we want the correction to complete at the ascending trendline where we have our fib placement
- Once bullish price action appears on lower timeframe, enter with stops below the trendline
First Target: 16770 (14,500pips)
Second Target: 18200 (27,000pips)
What do you guys think? Leave your comments below.
As always, goodluck and trade safe!
Note
One more move down - Note
Shorting NASDAQ to the bottom before going longNote
NASDAQ Update - Price is creating an ABC correction at the midsection. Waiting for risk trendline break to confirm shorts and then will enter 
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Forex: t.me/Wicktator
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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.
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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.