US100 12433.2 0% SHORT IDEA * PRICE ACTION & STRUCTURE
Updated
Hello everyone
Hope everyone is doing great this week here's an idea on NASDAQ SWING TRADE FROM THE 4H chart
* NAS broke out of that ascending channel remained very choppy and indecisive upon breakout of structure.
* Now we see a build up of a descending channel and the index is at the base of this structure
* looking for a retrancement / correction to retest level 12305.5 at Fib level 38.2 %
* should price bring us to that point looking for shorts as would be targeting continuation with the bears if price continues with the bulls or
here are significant moves with the bulls this changes the plan
* follow your entry rules on entries
* significant moves with the bears change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Hope everyone is doing great this week here's an idea on NASDAQ SWING TRADE FROM THE 4H chart
* NAS broke out of that ascending channel remained very choppy and indecisive upon breakout of structure.
* Now we see a build up of a descending channel and the index is at the base of this structure
* looking for a retrancement / correction to retest level 12305.5 at Fib level 38.2 %
* should price bring us to that point looking for shorts as would be targeting continuation with the bears if price continues with the bulls or
here are significant moves with the bulls this changes the plan
* follow your entry rules on entries
* significant moves with the bears change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
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