this is simple. were at the major resistance in nasdaq furures. if we stay over the .382 of fib trend extend we will probably bull flag, and this could mean we see the 0 of that pattern quite soon (around $55.94)
stop loss around 52.89 as this would mean we need a retest of major support.
stop loss around 52.89 as this would mean we need a retest of major support.
Note
we could head and shoulders on the 1 minute and i want to caution that we may take time in this area.keep in mind most of my trades take an average of 30 seconds to 1 minute
Note
52.97 is a decent target if we engage putsi have no problem buying over the .382 and selling near high of day for the time being
Note
tightening range appears ready to break sooni will match the direction of the break
Trade active
taking half profit here, and leaving some to run raising stop loss to 54.39Note
we need to hold 53.69 and break 54.59 on the 15 minute to continue this uptrend hourly else price threatens to head and shoulders on 5 minute.Trade closed manually
im out of long as the bull picture is too crazy for meNote
watch the rug... nobody vaccumed.oh, and, dont let the door hit you on the way out.
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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.