NASDAQ INDEX LONG IDEA (SHORT - MID TERM)
Updated
Idea: Long around 10600 - 10800 range (RR Ratio 3+)
Reason: Rebounded off key support 10760, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Broken descending channel and retest trendline, Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/support level
SL: Below next resistance/support level 10500
Key targets (Short-mid term): 10950, 11050, 11170, 11270, 11400, 11570, 11760, 11880, 12010, 12110, 12330, 12450, 12550
Reason: Rebounded off key support 10760, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Broken descending channel and retest trendline, Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/support level
SL: Below next resistance/support level 10500
Key targets (Short-mid term): 10950, 11050, 11170, 11270, 11400, 11570, 11760, 11880, 12010, 12110, 12330, 12450, 12550
Comment
Update: Starting long waves at 10500 range with with safe SLComment
Note: The gap down to 10400+ was a sign of SL hunting, thats the reason why I said to put SL at a safe zone below 10500!!!!Comment
Update: Hit target 11050Comment
Update: Hit over target 11270, 11400 is in rangeComment
Update: Hit over target 11570Comment
Update: Hit target 11760Trade closed: target reached
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