Simple scenario/idea here for nasdaq.
Looking for the bearish trend to continue, I will be waiting for price to pull back into the POI I've marked up here for youse and entering short should it reject it. My bias will stay this way unless price closes above my invalidation area (SL Price) or if it hit's the target prior to hitting my POI.
Looking for the bearish trend to continue, I will be waiting for price to pull back into the POI I've marked up here for youse and entering short should it reject it. My bias will stay this way unless price closes above my invalidation area (SL Price) or if it hit's the target prior to hitting my POI.
Comment:
Update - Target was hit, didn't get the pull back i wanted prior.