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TradingCocktail
Jan 20, 2022 3:26 PM

Falling Knife Nasdaq, Good Death Cat Bounce Correction, Good R:R Short

SKILLING:US10015
US100 CFDSKILLING

Description

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Spikes up for distributing another short for a new low. Bounce right on VWAP with high volume.

Trade active

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move SL to 15391

Comment

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Extend the TP for much further, in case the extreme sell off DUMP IT HARD

Trade closed manually

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Double from the target. Very healhty profit
Trend AnalysisVolumeFundamental AnalysisnasdaqNASDAQ 100 CFDnasdaqshortwycoffvwapbounceContains image
Comments
GreedyHarley
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I entered at 15180 with LONG with thin SL at 15070 and working for the moment! Thanks for an idea worth considering.
erikmorgan97
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Do u think it will go lower or not
TradingCocktail
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@erikmorgan97, yes, but this level is very critical one. Need to assess later if new dynamic comes. But so far I think it will go lower. Don't forget that today is friday.
erikmorgan97
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@TradingCocktail, Thank you
TradingCocktail
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@erikmorgan97, you are most welcome
GreedyHarley
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shouldn't I wait to go further down sir! MACD showing strong red candles with downtrend ?
TradingCocktail
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@GreedyHarley, yes, but the narrative could change on Friday, could be a profit taking/dip buyers.. and also the Fed could start playing the card to save it from keep plummeting.
GreedyHarley
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@TradingCocktail, Thank you for your precious suggestion Sir! Took a bit risk holding and worth it.
TradingCocktail
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@GreedyHarley, congrats :) you are very welcome :)
GreedyHarley
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@TradingCocktail, Any analysis about BTC ?
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