The Great Retrace Nasdaq Futures
Standard Fib Pull from ATH to Covid Low PA sitting at .382 fib level and the POC of the entire range .
Loss of the .382 and we descend to the levels below , alternatively we stay within the current range
inside the descending channel .
I have marked an area of resistance for a potential short if the opportunity presents itself where Its
possible we continue to reject off of the 50EMA and print a LH and continue with the bearish MS.
Trade the range and take it level by level , for now support has done its job so set an alert and trade the reaction .
Know your Invalidation and trade your Plan !
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Loss of the .382 and we descend to the levels below , alternatively we stay within the current range
inside the descending channel .
I have marked an area of resistance for a potential short if the opportunity presents itself where Its
possible we continue to reject off of the 50EMA and print a LH and continue with the bearish MS.
Trade the range and take it level by level , for now support has done its job so set an alert and trade the reaction .
Know your Invalidation and trade your Plan !
Like And Follow
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