NASDAQ: Potential Bearish Reversal - Short Setup
Updated
Thesis:
Entry:
Stop Loss:
Target:
Risk Management:
Notes:
- Geopolitical uncertainty (war) may trigger risk-off sentiment.
- Sideways price action suggests distribution pattern forming.
- Bearish divergence on higher timeframes indicates weakening momentum.
- ABCD pattern supports a potential reversal from the distribution zone.
Entry:
- Short below the distribution support level (yellow rectangle on your chart).
Stop Loss:
- Above the distribution resistance level (yellow rectangle on your chart).
Target:
- Open to interpretation based on your risk-reward profile, but consider key support levels below.
Risk Management:
- Clearly define your risk tolerance and position size before entering the trade.
Notes:
- This is a swing trade idea, so a longer time horizon may be required.
- Keep an eye on news and economic data releases that could impact market sentiment.
- Manage your trade actively and adjust your stops as needed.
Trade active
NAS 4.5 Down as per the Idea!!Keep riding and trailing along!!
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