USTEC hi guys)) After I closed my successful short trade at 22385, we could easily notice a bullish retrace straight after I closed my trade!
Of course I know what I do and why I entered my trade at around 22550 with accepting range to move above up to around 21600 as I explained in my post then straight to 22385
You could see that chart is following exactly my prices!
Reason I did not open another short trade before the market closes, that I did not want an unpleasent surprise when market opens on Monday!
My view to the next move is bearish!
And you know me lol if 99% here would say the trend is your friend and bullish market and that talk, I simply respect their point of view but I totally ignore what they say!
Different points of view are still healthy and trading has many styles though!
So I would tell you the conclusion of my view and analysis of chart after I checked it well before I wrote that Mind! Based on a technical view!
I see that 22600 or so close around that price is a difficult resistance
As I see that 22385 is a strong support but not stronger than for example another support at around 21750
I know and read Minds too quickly and read some Minds expecting an up gap on Monday!
So I considered that too in my view and that Canada tariffs talk too!
But my mission is only pure technical mission and I could see a drop in Nasdaq initially to around 21750 if the index visits back 22385 and drops below it, let us say by minimum 30 minutes candle to close below it
22385 if it will be broken, then my expectation, to be broken by strong continuous momentum to the down side reaching us to around 21750
And we could consider a retrace back to 22385 or even a bit above it but not too much then to continue the way down to 21750
If the market will behave different to my expectations, then I would personally still never go long from that high level (ATH) and I will consider another entry!
Good luck to all and I wish you successful trades and above all for now, a wonderful weekend
((Jump out of the crowd and be the best they had ever seen))
