Happy Midweek.
We are still trying to resolve the indecision of Monday at 12960. Bulls want to move & close above 12960 and bears want to move & close below 12895. This 65 point range is knowns as Amateur Trader's stop out hell.
Macro: DE - Trade Balance, BME PMI, EUR - PMI, Retail Sales***, US - PMI, Factory Orders, Services Employment Index, New Orders, PMI***, Prices Paid
The trading setups are based on the premise that NASDAQ is still going to range. However, in case of strong trend move, consider Green Goblin & confluence charts for further levels
Buy
Break: 12970, 13025, 13065
Reversal: 12910, 12830, 12770, 12680, 12570
Sell
Break: 12915, 12870, 12830, 12800
Reversal: 12970, 13050, 13085, 13125, 13200
Green goblin chart is here >>>
TIFibs confluence levels are here >>>
We are still trying to resolve the indecision of Monday at 12960. Bulls want to move & close above 12960 and bears want to move & close below 12895. This 65 point range is knowns as Amateur Trader's stop out hell.
Macro: DE - Trade Balance, BME PMI, EUR - PMI, Retail Sales***, US - PMI, Factory Orders, Services Employment Index, New Orders, PMI***, Prices Paid
The trading setups are based on the premise that NASDAQ is still going to range. However, in case of strong trend move, consider Green Goblin & confluence charts for further levels
Buy
Break: 12970, 13025, 13065
Reversal: 12910, 12830, 12770, 12680, 12570
Sell
Break: 12915, 12870, 12830, 12800
Reversal: 12970, 13050, 13085, 13125, 13200
Green goblin chart is here >>>
TIFibs confluence levels are here >>>
Note
Published wrong chart. The levels are in this chart>>>Note
This is how market reacted to the levels identified
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Related publications
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.
Find my daily analysis + trades live & FREE 🆓 💰
👉🏼twitter.com/trading_indian
Learn my strategy and get indicators & tools 👉🏼tradingindian.com
👉🏼twitter.com/trading_indian
Learn my strategy and get indicators & tools 👉🏼tradingindian.com
Related publications
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.