US100 Nasdaq Scenario 2:Bearish after Upper GapRed September, Low Volatility, FED, mixed news.
The worst trading month of the year has just begun. Thi week Wednesday is more important.
2 Gaps are still open. Up from next week , we will have rarely 3 open gaps(contracts rollover).
This is the firt senario was if Nasaq reaches upper gap first15850-159950. As weexpect massive short selling combined with lower Up-Volume at thi zone here is the first short selling scenario.
Thisis temporarily trade plan short, with proper profit target. Long term trend is bullish
Use proper Money mangemant.
Nassdaq
Nasdaq update for this week (updating all the time)Hello guys,
When I post stuff here, these are not just ideas, I actually trade like this.
So let's get started:
Had a brilliant week trading last week so this week what I am looking at is this big R1 level. It is important for nasdaq to go past this level in order to see any sort of an uptrend confirmation. We saw on Friday, how hard the dollar was hanging from the 4hr support level and trying not to crash. And I doubt it will crash as soon as the market opens so I am seeing a pump or a little up movement at open for the dollar. Which makes nasdaq go lower. It is important for nasdaq to stay above and in the area of S1 in order for it not to crash this week.
As we saw on Friday NFP data was favouring the dollar and it could reflect the coming week and bring the dollar up from weeks of battering.
My final take is that if it continues the way I am suggesting nasdaq could tank back to 11.6k or even 10.8k levels. I will keep updating once the market is open.
NASDAQ IBT Setup updates!!!Big-time Congratulations fam on our massive sell on previous post, As our Buy-stop wasn't activated so therefore we traded the bearish reversals from 8300 to 7600.. As said on previous posts, However now we on bottom trend-line for a good technical buy(If inward bearish trend isn't broken) also with trump poor reactions tackling corona virus news released earlier today, So therefore set the sell-stop pending order(Cos once it activates there's a sure break of trend downside)And we don't miss any opportunities on both sides. Then wait for Reversals(Candles/Pattern) Then buy back upto 8000. Get my signals and share running positions for advice. Please Like and share your ideas on this particular pair too. Also always apply proper risk managements thanks!