NASDAQ INDEX LONG IDEA (SHORT - MID TERM)
Idea: Long around 12150 - 12300 range (RR Ratio 3+)
Reason: Rebounded off key support highlighted in previous idea 12240, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 12050
Key targets (Short-mid term): 12330, 12450, 12550, 12680, 12870, 12990, 13100, 13220, 13350
Reason: Rebounded off key support highlighted in previous idea 12240, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 12050
Key targets (Short-mid term): 12330, 12450, 12550, 12680, 12870, 12990, 13100, 13220, 13350
Trade active
Starting longs at 12150 with safe SLNote
Hit target 12450Note
Starting new wave of longs at 12120 areaNote
Update: Hit target 12330 again, holding till 12550 12680 12870 so onNote
Hit target 12450Note
Hit target 12680 rangeTrade closed: target reached
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Related publications
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.