Happy Monday, Happy New Week,
NASDAQ has weakened after breaking 13120. 13k level has psychological importance but important level is 12 875. Further break below 12800 will spell trouble. I am still going to trade Fibonacci Confluence levels.
Macro: US Chicago Fed National Activity Index
Buy
Break: 13 110, 200, 300
Reversal: 13 940, 830
Sell
Break: 13 050, 12 970, 855
Reversal: 13 125, 220, 340, 400
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
NASDAQ has weakened after breaking 13120. 13k level has psychological importance but important level is 12 875. Further break below 12800 will spell trouble. I am still going to trade Fibonacci Confluence levels.
Macro: US Chicago Fed National Activity Index
Buy
Break: 13 110, 200, 300
Reversal: 13 940, 830
Sell
Break: 13 050, 12 970, 855
Reversal: 13 125, 220, 340, 400
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Note
Winning Trade#Trade 1: Test of zone. Entry on retest (almost identical setup was there on Friday >>> See identical setup
#ShortTrade 13065
SL 20 pts
TP1 3:1✅60 pts
TP2 6:1✅1200 pts
TP3 9:1 pending
Trade closed: target reached
#Trade 1: Update#ShortTrade 13065
TP3: 9:1 YES 9:1 THAT'S 180 pts[]/b
The only lesson to learn is #PlanYourTrades & #TradeYourPlan - everything else is noise
#EasyPeasy #NASDAQ100 #Daytrade #TradeLessEarnMore #NDX #NASDAQ
Note
One trade is all you need when you have 9X bagger. On a stop loss of 20 pts, that is 180 pts. Why trade more? When you trade less, you are exposed less to the market and that automatically reduces your chances of losing in turn increasing your winning percentage.
NASDAQ behaved amazingly with fibonacci confluence levels
And zones...
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👉🏼twitter.com/trading_indian
Learn my strategy and get indicators & tools 👉🏼tradingindian.com
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
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.