NASDAQ MINI FUTURES GOING UP? I don't think so!
Updated
Summary : Go Short @7960 area
Target Profit 1 @7310 area
Target Profit 2 @6930 area
Stop Loss @8312 area
AS WE CAN SEE Nasdaq Mini Futures is running in a trading range right now, and the dominant trend is still bearish. There's some indication that the price will continue pushed down as there's a small Rising Wedge inside the trading range and a breakout already occured. I expect a temporary upside movement as a retest movement with a Golden Cross on momentum indicator that confirm a temporary bullish movement.
We can wait for a rejection or a false break at resistance area (7960) to go short with 7310 as a minimum target and 6931 as the maximum target area. Put Stop Loss at 8312 area.
DISCLAIMER :
THIS ANALYSIS IS USED AS MY PERSONAL PORTFOLIO, ANY PROFIT OR LOSSES YOU HAVE BASED ON THIS ANALYSIS IS YOUR OWN RESPONSIBILITIES
I ONLY PUT 2% RISK FROM MY TOTAL EQUITY EACH TRADE
Target Profit 1 @7310 area
Target Profit 2 @6930 area
Stop Loss @8312 area
AS WE CAN SEE Nasdaq Mini Futures is running in a trading range right now, and the dominant trend is still bearish. There's some indication that the price will continue pushed down as there's a small Rising Wedge inside the trading range and a breakout already occured. I expect a temporary upside movement as a retest movement with a Golden Cross on momentum indicator that confirm a temporary bullish movement.
We can wait for a rejection or a false break at resistance area (7960) to go short with 7310 as a minimum target and 6931 as the maximum target area. Put Stop Loss at 8312 area.
DISCLAIMER :
THIS ANALYSIS IS USED AS MY PERSONAL PORTFOLIO, ANY PROFIT OR LOSSES YOU HAVE BASED ON THIS ANALYSIS IS YOUR OWN RESPONSIBILITIES
I ONLY PUT 2% RISK FROM MY TOTAL EQUITY EACH TRADE
Trade closed: stop reached
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