Nasdaq - High Risk/Reward Short Setup

Nasdaq - Here's an interesting analysis. When looking at the Index (1) and the CFD (2), we can make the case for an Expanding Diagonal for the first one and a Contracting Diagonal for the other.
When making measures based on points and if we really want to follow all the rules for this Diagonal(s) to be counted as valid, price MUST GO above 9549.8 BUT MUST remain below 9642.3.
If on the other hand we look at the percentages, we MUST see price go above 9565.7 and remain below 9668.9.


This is a great setup as we have a very narrow range where we need price to go with a very tight invalidation level!
Although we don't have the highest chances for this to play out like we want to, this setup is good enough for us to take because what we lose in success probability, we make up with a great Risk/Reward ratio.
So, that even if only 2 or 3 out of 10 such setups play out correctly, we can still be in the greens in the long run.

Therefore, although I'm still long here, I will take my chance and short this IF I see price stall in the orange marked zone and see reversal signs on the 1-2min charts or most probably on 25-50tick chart.
Potential Target will be 8872 at first.

Comment: