TASI | Bearish Retracement Play After Reaching Key Technical Targets📉 Trade Setup:
I have entered a short position on
TASI based on fundamental analysis (FA), anticipating upcoming challenges in the financial system, which could pressure the stock market globally. Additionally, from a technical standpoint, the index has already met its key targets from $10K to $12.8K, signaling a potential retracement.Trade Details:
🔹 Entry: 12,500
🔹 Stop Loss (SL): 12,550
🔹 Take Profit (TP) Levels:
• TP1 (30%) → 11,590
• TP2 (20%) → 11,325
• TP3 (20%) → 10,990
• TP4 (30%) → 10,030
Technical & Fundamental Outlook:
• The market has extended significantly from $10K to $12.8K, reaching exhaustion zones.
• Economic uncertainty and potential systemic challenges could trigger a market correction.
• Expecting
TASI to retrace and mirror the prior upward move.📊 Risk Management:
• Tight SL at 12,550 ensures controlled risk.
• Profit-taking at multiple levels to lock in gains progressively.
📝 Thoughts? Drop your insights below! 🚀📉
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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.