About meHonestly Speaking, I come from the web development field. Since I was studying in class 10th since then I have started my own trading and the fractures of the days within me have been developed since time immemorial.
This is really in uptrend but, Selling at value high with protective stop is not bad action.
Safe in value area target is first at 11963 and after breakdown channel, ready for 10043 which almost 1500 points correction.
Be careful to create new or fresh long position.
1) Very tight channel detect here with 3 excess and currently forming 4rd an excess. I prefer to sell when price with excess at a value high.
2) The tail should be in excess is more accurate.
--> First condition meet here, short at a higher price will be great. Each trade must have a protective stop, therefore keep your stop above resistance.
---> Wait for...
Support 106 nearby.
If this is support, the target will be at 108 first and...
A clear picture trend will put money in our pocket. Therefore, It is not gambling if you know what you’re doing. It is gambling if you’re just throwing money into a deal and praying. - by Kinnari Prajapati
Hit LIKE button, then I will make more ACCURATE idea in smaller time for trading,
Price Rejection expected at excess 7630 above.
The recent move has much power for an up move, therefore short selling will create.
Previous Support can active as current R. 7632 nearby.
This is my first post, if anything wrong just leave the comment.
We have seen that NASDAQ has huge strength of previous resistance. If its trade below 2752 and volume increase sharply, this index can fall more than expected and we can say that short term up trend is over for particular time frame.
Intraday minor Resistance is at 2584.
There are lot of red flag is present here.
Never chase an entry. There will always be...