Expecting a further push down, use tight stops on this trade as we may seek reentries should price retest higher
Sell Nasdaq at 15025
SL 15035
TP open
Move Sl beneath entry upon impulse to the downside
Sell Nasdaq at 15025
SL 15035
TP open
Move Sl beneath entry upon impulse to the downside
Note
Move stop losses to entry or 1 point beneath (15024)Note
All I see is head and shoulders everywhere, however, be cautious of price action at the neckline, it could either yield to breaking down into 14800 - 14500 or bouncing at ranging between 15000 - 15150. I am sell biased, but remember to sell an ascending indice with caution, no messy entries. Keep SL's beneath, monitor LH and HL forming, etc
Trade active
Price bounce at neckline however we're trapped between zones, better stopped out than in drawdown, we will wait for 15:30 before placing new positions as this could be a reversalDisclaimer
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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.