Ustech
NASDAQ SETUP11200 is a crucial point for today’s move, if we get a bounce we will be seeing new highs on Nasdaq, potentially 11500+ and if we get a breakout then we’ll be heading down to 11150 / 11050 / 10950.
Looking at a 2500 PIP move with a 500 PIP SL for some room, once we get confirmation on direction we will protect entries.
With a 0.01 on Veracity Markets and a 1.00 on XM you’ll be risking R850 to make a potential R4.2K.
Nasdaq Sell.💡NASDAQ TRADE IDEA: noticed something about Nasdaq recently so if it goes into this sell zone I’ll feel quite confident to go short, only issue is the recent China and US trade talks. But I believe Moderna and Tesla will rally us up to this point, thereafter we will look to go short to TL.
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USING THE LOW OF 24 JULY 2020 I USED THE 45 DEGREE TO ESTABLISH THE GANN FAN POINT AND ALIGNED THE 1/1 OF THE GANN FAN.
ANALYSING THE TOOLS, IT WAS CLEAR THAT THE TREND WILL BE BULLISH AND WILL REACH BEYOND 11120.00
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