Chart for NASDAQ FUTURES AND POSITIONS FOR TRADING WEEK 9-13 MAY
Price has broken long term trend line and is hit on 61.8 of the fifth wave
With current heat waves of the FED reducing its balance sheet. NASDAQ will tread to the lowest 10820 level in following weeks. For Monday 9TH MAY we expect market to cause bullish sentiment to at least level of price around 13140 to 13204 before price gives candlestick confirmation and trigger our sell limits to the first T.P at 11200 levels and the next T.P at 10820.OBSERVE CHART FOR S.L.
Price analysis done in respect to Fib, Price action, Trend line, Elliot Wave and Connors RSI
HAPPY TRADING WEEK FROM @Reyna360
Price has broken long term trend line and is hit on 61.8 of the fifth wave
With current heat waves of the FED reducing its balance sheet. NASDAQ will tread to the lowest 10820 level in following weeks. For Monday 9TH MAY we expect market to cause bullish sentiment to at least level of price around 13140 to 13204 before price gives candlestick confirmation and trigger our sell limits to the first T.P at 11200 levels and the next T.P at 10820.OBSERVE CHART FOR S.L.
Price analysis done in respect to Fib, Price action, Trend line, Elliot Wave and Connors RSI
HAPPY TRADING WEEK FROM @Reyna360