Nasdaq 100's "Dip" almost Complete? πŸ“‰

Hello, good day traders! πŸ‘‹πŸ€™

I'm looking for a potential sell πŸ“‰ setup for $NASDAQ 100(NDX)$ , with both fundamental and technical indicators to back it up.

β€Œ

πŸ“°Fundamentally,

  • Despite Friday's gains, the S&P 500 and Nasdaq Composite still posted weekly losses as recession worries continue to dampen investor confidence.
  • The major indexes fluctuated earlier in the session after the Federal Reserve's preferred inflation indicator, the core personal consumption expenditures price index, came in slightly hotter than expected on a year-over-year basis, showing that inflation is persisting despite the Fed's efforts to combat it.

β€Œ

πŸ€”On the technical front,

1.) Looking at the H4 chart with price being below the Ichimoku cloud it indicates a bearish market, I am looking for a sell entry at 11077.97, where the 23.6% Fibonacci line is.

2.) Stop loss will be at 11300.35, where the previous swing high and 38.2% Fibonacci line are.

3.) I intend to take a profit at 10677.48, slightly below where the 78.6% Fibonacci line is located.

β€Œ

Trade Entry recommendations:

Sell Entry: 11077.97πŸ“‰

Take Profit: 10677.48 πŸ’²

Stop Loss: 11300.35❌

β€Œ

Other tickers to recommend:

For 5x Long Leverage: $Nasdaq 5xLongSG240425A(CZFW.SI)$ 

For 5x Short Leverage: $Nasdaq 5xShortSG240425(CXEW.SI)$ 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment(33οΌ‰

  • Top
  • Latest
  • ζ·‹ζ·Όζ·Ό
    Β·2022-12-27
    Ok
    Reply
    Report
  • greyGrey
    Β·2022-12-27
    ok babe
    Reply
    Report
  • Flyhighhigh
    Β·2022-12-27
    [Smile]
    Reply
    Report
  • JLwinwin
    Β·2022-12-27
    good
    Reply
    Report
  • Steventeo
    Β·2022-12-27
    ok
    Reply
    Report
  • Michaelcool
    Β·2022-12-27
    ooo
    Reply
    Report
  • heximania
    Β·2022-12-27
    ok
    Reply
    Report
  • wwaynee
    Β·2022-12-27
    nice
    Reply
    Report
  • Jeg
    Β·2022-12-27
    ok
    Reply
    Report
  • simplyZuan
    Β·2022-12-27
    ok
    Reply
    Report
  • leilei369
    Β·2022-12-27
    btfd
    Reply
    Report
  • Alan Win Win
    Β·2022-12-27
    ok
    Reply
    Report
  • huathuat168
    Β·2022-12-27
    k
    Reply
    Report
  • K
    Reply
    Report
  • spkek
    Β·2022-12-27
    ok
    Reply
    Report
  • Michaaeel
    Β·2022-12-27
    πŸ‘
    Reply
    Report
  • sengfuh
    Β·2022-12-27
    Ok
    Reply
    Report
  • Vic_yk
    Β·2022-12-27
    πŸ‘
    Reply
    Report
  • K
    Reply
    Report
  • A.111
    Β·2022-12-27
    πŸ‘πŸ»
    Reply
    Report