hello guys here i came with another idea... im trusting this one because of my elliot wave theory and also it came at a great support plus COT data is givin bullish vibes plus the morning star there is very strong ..... i hope it is helpful
@crooooopto im looking foreward for new highs but again it might come down to retest various levels n maybe even break the last support but im looking foreward to see it Elliot wave all the way up
kennysu9598
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I hope you are right!
cozzydaniel
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@kennysu9598 just make sure to use proper risk management.... sometimes even the perfect setup may fail
Would you expect a pullback tomorrow or does repositioning usually carry on into the week before a retrace?
cozzydaniel
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@crooooopto, as Ive said... Markets are super unpredictable and sometimes play out very well.... With nasdaq it's a very volatile market, sometimes it can just shoot up without any pullbacks and sometimes it may do deep pullbacks.... It's best to use the fibonacci retracement tool for possible entries cos we would want to buy lows.... But the best thing to do is wait for markets to open on Monday... Don't take any trades the close of the daily candlestick on money will give more clues whether we should run for bulls or bears....