NASDAQ INDEX SHORT IDEA (SHORT - MID TERM)
Updated
Idea: Short around 15700 - 15900 range (RR Ratio 4+)
Reason: Tested key resistance 15650 area, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Upward channel, RSI & Awesome Oscillator in 2h 4h daily signals potential upcoming correction
TP: Based on key resistance/ support level
SL: Above next resistance/ support level 16050
Key targets (Short-mid term): 15550, 15470, 15370, 15300, 15230, 15150, 15090, 15000, 14930, 14850, 14770, 14630, 14520, 14400, 14300
Reason: Tested key resistance 15650 area, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Upward channel, RSI & Awesome Oscillator in 2h 4h daily signals potential upcoming correction
TP: Based on key resistance/ support level
SL: Above next resistance/ support level 16050
Key targets (Short-mid term): 15550, 15470, 15370, 15300, 15230, 15150, 15090, 15000, 14930, 14850, 14770, 14630, 14520, 14400, 14300
Comment
Update: Hit first tp range 15550Comment
Update: Hit 2nd tp range 15470 earlierComment
Update: Hit 3rd tp range 15370Comment
Update: Hit 4th tp range 15300 areaTrade closed: target reached
Update: Closed majority of shorts from 15700 - 15900 rangeComment
Update: Closed all remaining shorts at 14520 target RR 4+ worked
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