Daily analysis and day trading setups on NASDAQ NDX 20220812
Updated
Happy Friday,
Line in the sand for NQ_F today is 13300. Bulls want go above 13380 and bears to go below 13230. These 150 pts may end up deciding this battle.
Macro US Michigan Cons. Sentiment Index
Buy
Break: 13380, 13430, 13500/20, 13580
Reversal: 13300, 13200, 13110/085, 13030
Sell
Break: 13300, 13210, 13125/095
Reversal: 13380, 13450, 13510/40, 13600, 13670
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Line in the sand for NQ_F today is 13300. Bulls want go above 13380 and bears to go below 13230. These 150 pts may end up deciding this battle.
Macro US Michigan Cons. Sentiment Index
Buy
Break: 13380, 13430, 13500/20, 13580
Reversal: 13300, 13200, 13110/085, 13030
Sell
Break: 13300, 13210, 13125/095
Reversal: 13380, 13450, 13510/40, 13600, 13670
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Comment
Looking at the way NASDAQ was set-up, I decided to trade my Fibonacci Confluence levels.Got a perfect textbook trade:
#Trade 1: Bullish engulfing breakout above Green Level F. Entry placed at Level F and got triggered on retracement
#LongTrade: 13337
SL 20 pts
TP1: 3:1✅
TP2: 6:1✅Stop to 3:1
TP3: 9:1
Trade closed: target reached
You don't need 20 trades or 10 trades or 5 trades or even 2 trades to make your day.You just need a perfect entry and well defined exits on 1 single trade
#Trade 1: Update 9:1 - 180 pts reached
#LongTrade: 13337
SL 20 pts
TP1: 3:1✅
TP2: 6:1✅
TP3: 9:1✅
Trade closed: target reached
NASDAQ behaved very well with levels published in the trading plan in the morning.One single trade of 180 pts practically captured the entire day move.
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