Trading Idea 001: NASDAQ
Updated
Market Conditions:
- trend reversal
- bullish sentiment in the market
Key Level and Lines:
- $11 915 resistance
Trading Ideas:
- go long after a consolidation below the resistance
- a false breakout and bearish sentiment in the market = trade opportunity for shorting.
- trend reversal
- bullish sentiment in the market
Key Level and Lines:
- $11 915 resistance
Trading Ideas:
- go long after a consolidation below the resistance
- a false breakout and bearish sentiment in the market = trade opportunity for shorting.
Comment
The price didn't move above the resistance. The market gave us a false breakout. It gave a trade opportunity for shorting. Plan A didn't work.
Plan B activated a short trade with a stop above the resistance.
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