NASDAQ just as Russell and S&P500 corrected nicely.
I think we finished wave 2 of an impulsive wave.
Wich gives us an opportunity to go long wave 3 up to 8100 as first target followed by 9000 next.
Trade Setup :
Entry : Now or on pullback
Stop : last low or wave E low
Target 1 : 8000
Target 2 : 9000
----------------------------------------------------------
IMPORTANT
If price goes below last wave E, it will test wave C&A low and if those levels do not hold, expect price to fall a lot !!!
I think we finished wave 2 of an impulsive wave.
Wich gives us an opportunity to go long wave 3 up to 8100 as first target followed by 9000 next.
Trade Setup :
Entry : Now or on pullback
Stop : last low or wave E low
Target 1 : 8000
Target 2 : 9000
----------------------------------------------------------
IMPORTANT
If price goes below last wave E, it will test wave C&A low and if those levels do not hold, expect price to fall a lot !!!
Note
! Attention ! [\b]The zigzag drawn might not be correct.
Meaning the correction is not yet over.
We just made wave A of a Zigzag, now currently in wave B (nearly ending), followed by a wave C lower.
Therefore, moving Stop Loss to 7200 [\b] so that in case price turn lower, I still get a few pips, but if price goes higher, I'll chase it with my trailing stop.
tradingview.com/x/ARKlnShz/https://www.tradingview.com/x/ARKlnShz/
Note
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.
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.