Simple scenario/idea here for nasdaq.
Looking for the bearish trend to continue, I will be waiting for price to pull back into the POI I've marked up here for youse and entering short should it reject it. My bias will stay this way unless price closes above my invalidation area (SL Price) or if it hit's the target prior to hitting my POI.
Looking for the bearish trend to continue, I will be waiting for price to pull back into the POI I've marked up here for youse and entering short should it reject it. My bias will stay this way unless price closes above my invalidation area (SL Price) or if it hit's the target prior to hitting my POI.
Note
Update - Target was hit, didn't get the pull back i wanted prior.
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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.