NASDAQ INDEX LONG IDEA (SHORT - MID TERM)
Back to give more insightful ideas (my Nasdaq long idea hit major target 12110 in previous posts)
Idea: Long around 10700 - 10900 range (RR Ratio 3+)
Reason: Rebounded off key support 10680, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Triple bottom, Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 10500
Key targets (Short-mid term): 10950, 11050, 11170, 11270, 11400, 11570, 11760, 11880, 12010, 12110, 12330, 12450, 12550, 12680, 12870, 12990
Idea: Long around 10700 - 10900 range (RR Ratio 3+)
Reason: Rebounded off key support 10680, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Triple bottom, Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 10500
Key targets (Short-mid term): 10950, 11050, 11170, 11270, 11400, 11570, 11760, 11880, 12010, 12110, 12330, 12450, 12550, 12680, 12870, 12990
Note
Update: Long waves started around 10800 area, already hit first tp 10950Note
Update: 2nd wave of longs from 10700 hit target range 11050Note
Update: Hit target range 11270 earlierNote
Update: Hit target range 11400, closing majority of longs for CPITrade closed: target reached
Note
Update: Trade hit 12870 range (2nd last TP), all holding trades closed
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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.