📊 [NASDAQ Trade Review & Strategy Overview]
📌 Previous Trade Summary
Most traders anticipated an upward move due to the previous day's rally.
However, a bearish trendline breakdown led to a sell-off.
A short entry became valid, marked with a red circle on the chart.
Result: ~139 points gained per contract, approx. $2,800 profit.
🕓 [4H Chart Analysis]
Currently, the 4-hour chart shows support at the 60EMA,
but the overall structure remains bearish due to a trendline breakdown.
If the 60EMA fails to hold, a stronger downtrend could unfold.
The morning low at 21,268.50 could act as a potential rebound zone.
➡️ No clear short signal at the moment – waiting for more structure.
📈 [Today’s Long Setup]
The key to a long entry lies in breaking the short-term resistance trendline.
A full bullish trend reversal is expected only above 21,557.75.
Until then, take-profits at stepwise levels remain the strategy.
🟢 Long Entry Condition
Entry: Above 21,417.5
TP1: 21,447
TP2: 21,485
TP3: 21,522
TP4: 21,557 (trend reversal confirmation)
🔴 Stop Loss
If the 15-minute candle closes below the 20EMA after entry → cut losses.
📌 Summary
Short setup: Requires more confirmation, no entry for now.
Long setup: Valid above 21,417.5 with targets up to 21,557.
Trend reversal key level: 21,557 breakout.
Avoid anticipation—enter only when conditions are met.
📌 Previous Trade Summary
Most traders anticipated an upward move due to the previous day's rally.
However, a bearish trendline breakdown led to a sell-off.
A short entry became valid, marked with a red circle on the chart.
Result: ~139 points gained per contract, approx. $2,800 profit.
🕓 [4H Chart Analysis]
Currently, the 4-hour chart shows support at the 60EMA,
but the overall structure remains bearish due to a trendline breakdown.
If the 60EMA fails to hold, a stronger downtrend could unfold.
The morning low at 21,268.50 could act as a potential rebound zone.
➡️ No clear short signal at the moment – waiting for more structure.
📈 [Today’s Long Setup]
The key to a long entry lies in breaking the short-term resistance trendline.
A full bullish trend reversal is expected only above 21,557.75.
Until then, take-profits at stepwise levels remain the strategy.
🟢 Long Entry Condition
Entry: Above 21,417.5
TP1: 21,447
TP2: 21,485
TP3: 21,522
TP4: 21,557 (trend reversal confirmation)
🔴 Stop Loss
If the 15-minute candle closes below the 20EMA after entry → cut losses.
📌 Summary
Short setup: Requires more confirmation, no entry for now.
Long setup: Valid above 21,417.5 with targets up to 21,557.
Trend reversal key level: 21,557 breakout.
Avoid anticipation—enter only when conditions are met.
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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.
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.