NASDAQ 100 Long
Updated
Nasdaq has been climbing since today's news released at 12PM GMT ,Tesla reaching record levels of $1,500 pushing NAS past $11,000.
Today's news rallied the stocks up to record highs and price action broke out of a current uptrend channel,with the news over
we are looking for long positions after a re-test of our level at $10,876.7 + 0.5 fib level.
We will see where NAS decides to go after re-tests and more effective news coming towards the end of the month with Earning reports of major companies.
BIAS: Currently Bullish,looking for re-test and continuation upwards depending on US corona situation and news.
Today's news rallied the stocks up to record highs and price action broke out of a current uptrend channel,with the news over
we are looking for long positions after a re-test of our level at $10,876.7 + 0.5 fib level.
We will see where NAS decides to go after re-tests and more effective news coming towards the end of the month with Earning reports of major companies.
BIAS: Currently Bullish,looking for re-test and continuation upwards depending on US corona situation and news.
Note
UPDATEAs you can see our level has hit,we are waiting for a signal to long this setup and catch some pips :)
Note
UPDATE:Looking for entries around $10,600 levels where the price created a double bottom. looking for price to reverse on 15m time frame and place long order.
If price continues being bearish we will be looking at our resistance level at $10,520 and look for reversals on 15m time frame and place a long order.
Keeping an eye out on news that could also move the market more downwards,if so we will stop looking for long entries.
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