Nasdaq NQ Fibo Positioning for Short Trade
Updated
Nasdaq NQ having crossed the fibo level of 1.618, increased likelihood of trendturn to short for medium term. Look out for next retracement to 61.8% levels for short entry.
Comment
Last max retrace was lesser than 3%, mkt looks bullish after today's NFP. Might break high again before trying for trendturn to short again.Comment
Can try for short at good risk reward here.
Order cancelled
Broke new high, so idea reset to monitor for dip from new highDisclaimer
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