NASDAQ price action went through a massive correction with a drop from the top worth approx. 14%.
However after the passing of the latest FOMC Meeting, we may finally see a direction towards the resolution of widespread tariff based uncertainty across the macro economic landscape.
This presents us with a potential Reversal opportunity if we see the formation of a credible Higher High (given a potential proper break out) on the 4 HR and shorter timeframes.
Trade Plan :
Entry @ 20045
Stop Loss @ 19070
TP 0.9 - 1 @ 20923 - 21020
However after the passing of the latest FOMC Meeting, we may finally see a direction towards the resolution of widespread tariff based uncertainty across the macro economic landscape.
This presents us with a potential Reversal opportunity if we see the formation of a credible Higher High (given a potential proper break out) on the 4 HR and shorter timeframes.
Trade Plan :
Entry @ 20045
Stop Loss @ 19070
TP 0.9 - 1 @ 20923 - 21020
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.
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.