NASDAQ INDEX SHORT IDEA (SHORT TERM)
Idea: Short around 12550 - 12650 range
Reason: It hit the first long-term target I analyzed previously too early, 30m 1h 4h candle shows potential signs of temporary reversal for further longs
TP: Based on key resistance/ support level
SL: Next major resistance/support level 12750
Key targets (Short-mid term): 12450, 12330, 12240, 12180, 12110, 12020, 11960, 11910, 11850
Reason: It hit the first long-term target I analyzed previously too early, 30m 1h 4h candle shows potential signs of temporary reversal for further longs
TP: Based on key resistance/ support level
SL: Next major resistance/support level 12750
Key targets (Short-mid term): 12450, 12330, 12240, 12180, 12110, 12020, 11960, 11910, 11850
Note
Update: Hit over SL 12750 range, next huge move will either go to 12900+ or 12600+Note
Update: Re-testing major resistance/support level 12750, if retest fail setup will still work 12450--Trade closed: target reached
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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.