Over here, I present a short case for Nasdaq (and S&P500 by default since their correlations are high). The main reasons are:
1. Completion of 5 waves structure both on the high degree and on low degree, as shown in the chart.
2. Fibonacci measurement where wave 1 = wave 5.
The stop of this idea is to be placed slightly above the high, in this case, I placed it at around 23320. The take profit target is at the bottom of primary wave 4, around 20685.
Take note that this is a positional short, meaning the strategy is to short and hold and periodically adjust your stop loss based on unfolding on wave structure. Sizing is based on your risk tolerance.
Good luck!
1. Completion of 5 waves structure both on the high degree and on low degree, as shown in the chart.
2. Fibonacci measurement where wave 1 = wave 5.
The stop of this idea is to be placed slightly above the high, in this case, I placed it at around 23320. The take profit target is at the bottom of primary wave 4, around 20685.
Take note that this is a positional short, meaning the strategy is to short and hold and periodically adjust your stop loss based on unfolding on wave structure. Sizing is based on your risk tolerance.
Good luck!
거래청산: 스탑 닿음
Was stopped out.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.