ETHICAL NASDAQ THEORY
Updated
Short trigger:
- break below 13340 support line. Enter either on breakdown or retest of what would then be resistance.
- 1st target is around 12900 as this was a recently formed pivot point .
- 2nd target is still 12700, but see how price is acting if there is a sell off to 12900.
- light blue (fast Hull) line dip temporary below purple down trendline. This can sometimes be a sign of things to come. In other words this quick dip below the trendline can be cautiously used as a leading indicator of a drop coming.
Long trigger:
- break out above 13426. Enter either on breakout or retest of what would then be support.
- target is green up arrow to most recently major high pivot .
Between the black lines (where price is now) is no trade zone. Do not take a position in my black zone according this idea plan.
Wait for current 4 hour candle close. It will likely show a long or short position at close.
Use good risk management.
- break below 13340 support line. Enter either on breakdown or retest of what would then be resistance.
- 1st target is around 12900 as this was a recently formed pivot point .
- 2nd target is still 12700, but see how price is acting if there is a sell off to 12900.
- light blue (fast Hull) line dip temporary below purple down trendline. This can sometimes be a sign of things to come. In other words this quick dip below the trendline can be cautiously used as a leading indicator of a drop coming.
Long trigger:
- break out above 13426. Enter either on breakout or retest of what would then be support.
- target is green up arrow to most recently major high pivot .
Between the black lines (where price is now) is no trade zone. Do not take a position in my black zone according this idea plan.
Wait for current 4 hour candle close. It will likely show a long or short position at close.
Use good risk management.
Note
TARGET 2 REACHEDTrade closed: target reached
Trade closed: target reached
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