We had a strong up day yesterday, after #NDX found support. I was wrong with my direction but my plan painted the correct picture. Price found support above 11714-30 (my blue zone) and rallied from there, and 11920 capped high of day as my plan shows.
11922 will remain a strong R for today. Usually on an up day, my bias zone will be lower for a buy, but today it remains at this 11900-22. Above 11922, we look at 12022 and 12068 for resistance. 12146 should cap high of day. Below 11922, be cautiously bearish, targeting 11834, 11804 and 11726-30 (yesterday's strong support zone) and 11682 is below. 11550 should cap low of day.
11922 will remain a strong R for today. Usually on an up day, my bias zone will be lower for a buy, but today it remains at this 11900-22. Above 11922, we look at 12022 and 12068 for resistance. 12146 should cap high of day. Below 11922, be cautiously bearish, targeting 11834, 11804 and 11726-30 (yesterday's strong support zone) and 11682 is below. 11550 should cap low of day.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.