Nasdaq short idea
ugly waves but can see the pattern throgh it. good chance of going down to 11600 by tomorrow.
but RISKY. why?
1- this week is option expieries of the month so huge volatility expected.
2- in the big picture we needed a bit upward rest and the huge momentom that happend proved it. still in that momentum and big wales started to ad based on their Q3 reports.
then why short?
well I see the chart and big stocks need to cool down a bit to get the momentum needs for possible one more up. and technically I see the order blocks and fib levels, so I see the opportunity.
then how to short but low risk? simple! position sizing and TP, SL based on your strategy.
Good luck
but RISKY. why?
1- this week is option expieries of the month so huge volatility expected.
2- in the big picture we needed a bit upward rest and the huge momentom that happend proved it. still in that momentum and big wales started to ad based on their Q3 reports.
then why short?
well I see the chart and big stocks need to cool down a bit to get the momentum needs for possible one more up. and technically I see the order blocks and fib levels, so I see the opportunity.
then how to short but low risk? simple! position sizing and TP, SL based on your strategy.
Good luck
Trade closed: target reached
target achived nicely and passed it then backed up and then down and nicely bounced on it! :)
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