Wouldn't it be lovely...
Our perfect scenario on Nasdaq
Things to consider
Contradictory fundamentals - BTC rose to 50k, Tesla has immense holdings in BTC, possibly creating a pump at NY open
Gap at 15088 - Once closed all stop's should be beneath entry making this trade risk free as this may create a buyers leg
Essentially there are possible HH's that could be created - However the reward scale still leans biased to sell, please read this a few times. It will make you more responsible with positioning responsibly prior to break out.
SELL STOP NASDAQ @ 15125.55
SL OPEN
TP OPEN
R:R - 1:5
POSITION CAREFULLY
USE RISK MANAGEMENT
Our perfect scenario on Nasdaq
Things to consider
Contradictory fundamentals - BTC rose to 50k, Tesla has immense holdings in BTC, possibly creating a pump at NY open
Gap at 15088 - Once closed all stop's should be beneath entry making this trade risk free as this may create a buyers leg
Essentially there are possible HH's that could be created - However the reward scale still leans biased to sell, please read this a few times. It will make you more responsible with positioning responsibly prior to break out.
SELL STOP NASDAQ @ 15125.55
SL OPEN
TP OPEN
R:R - 1:5
POSITION CAREFULLY
USE RISK MANAGEMENT
Trade active:
Nasdaq looks like its forming a wedge to the upside but lets hold through opening bell, in the worst case trades can be made risk free or closed when the gap is filled at 15088
Order cancelled:
Order cancelled at 15225 for -$100 loss per 0.01. We have broken our winning streak despite being aware of BTC/Tesla pump. 1 loss, 4 wins. We wait to gain structure off ATH