Current Price at Posting: 2610.75
Directional Bias: Long
Price Target: 2680
Good Entry: 2550-2558
Risk/Reward: Max of 10 point risk / Potential Reward of 130 points.
Trade Idea Invalidation: Hourly Candle close below 2550
Volatility Expansion from last week's $62 Expected Move. I actually expect us to burst to the upside and then Fade for the rest of the week.
You can see the 'Event Risk' being priced in because of the G20, but on Monday we have a $47 Expected Move in one day alone. I marked this in Yellow on the screen.
Interestingly enough, Monday's $47 move brings us up into...
Hi bros. I found parallel channel in nasdaq future.
If it reaches entry level, it's a good chance for short position.
Good luck.
Thank you.
Entry : 7056
Stop Loss : 7168
TP#1 : 6727
TP#2 : 6342
Current Price at Posting: 25588
Directional Bias: Long
Price Target: 25850+
Good Entry: 25270-25320
Risk/Reward: Max of 50 point risk / Potential Reward of 500-600 points.
Trade Idea Invalidation: Hourly Candle close below 25250
A careful look on Nasdaq's historical volatility shows that the current downtrend that the index is going through since October is not uncommon during the current long term bull cycle.
Since 2008 recession and the start of the new bullish cycle, the index has undergone three similar downtrend sequences of around roughly -18% each (along with a few other minor...
Current Price at Posting: 6589
Directional Bias: Long
Price Target: 6800+
Good Entry: 6530-6550
Risk/Reward: Max of 40 tick risk / Potential Reward of 200 ticks.
Trade Idea Invalidation: Hourly Candle close below 6500
Hi guys ! I post my trading idea for a short trade on NASDAQ. As you see in the pattern the tech index failed to gain a new top and now we have a (big correction) but which are the key price levels. As we see from the patern we have a shooting star patern , the candle after is a big red candle as it follows the one from November . Posibly the trend will follow...
Further to my post on NFLX, NQ1! price action looks very similar and I wonder which is the dog or the tail. Nevertheless, there an ABCD completion, a higher low which is confirmed by the MACD cross over, for a potential CD leg up.
