Daily analysis and trade setups on NASDAQ 20220720
Updated
We are in a consolidation zone between 11989 and 12452. Break on either side and continuation will decide the next phase of the trend
Current short term bias is careful bullish
Buy continuation from 12250 for 12485, then 12600 and Blue level B at 12670
Also, buy reversals at 12150, 12915 and 12675
Sell rejections at 12485 or 12600 and, of course, Blue level B at 12670
Also, sell breaks and confirmation below 12200, 12910 and continue holding sales below that
Blue levels B, C, D , E, F in play today
Detailed green level chart is here >>>
Current short term bias is careful bullish
Buy continuation from 12250 for 12485, then 12600 and Blue level B at 12670
Also, buy reversals at 12150, 12915 and 12675
Sell rejections at 12485 or 12600 and, of course, Blue level B at 12670
Also, sell breaks and confirmation below 12200, 12910 and continue holding sales below that
Blue levels B, C, D , E, F in play today
Detailed green level chart is here >>>
Comment
I published my analysis when the price was 12238See the result
Comment
Total 240 point range. With standard setup of 20 point stop loss or even 30 point stop loss, it is easy to make 300-400 points easily
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