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Underlying:NAS100
Time frame:1D
What Has Happened So Far:
I wanted to post an important update onto this trade. Over the last few weeks we have been looking at the NASDAQ trading higher each day. We noticed that there was a narrowing range and at some point it would have to break out.
We also noticed that the MACD was acting the exact same and NOW it has also broken out!!
What am I Looking to Happen:
Now that the MACD has also broken out of the narrowing wedge I am looking for price to fall.. I have posted about the markets falling many times. I feel this will be some kind of "head fake" and it will break down. Keep in mind how much the stock market has rallied over the last 12-24 months without a healthy correction. This kind of rally is NOT healthy!
Target Profit:5638 (long term)
Stop Loss:6175
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying:NAS100
Time frame:1D
What Has Happened So Far:
I wanted to post an important update onto this trade. Over the last few weeks we have been looking at the NASDAQ trading higher each day. We noticed that there was a narrowing range and at some point it would have to break out.
We also noticed that the MACD was acting the exact same and NOW it has also broken out!!
What am I Looking to Happen:
Now that the MACD has also broken out of the narrowing wedge I am looking for price to fall.. I have posted about the markets falling many times. I feel this will be some kind of "head fake" and it will break down. Keep in mind how much the stock market has rallied over the last 12-24 months without a healthy correction. This kind of rally is NOT healthy!
Target Profit:5638 (long term)
Stop Loss:6175
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
