MY NAS100 LONG IDEA 31/10/2024
Direction: Long
SL: 1950-1966
Indicators:
1. MA (20,50,100,200)
2. Trendline - Algo
3. Support and Resistance
4. Fib Level
5. I also use MT5 - Tradingcentral tools
Technical:
1. MA 20 still above 100 and 200 so I believe we still have room for bull run.
2. Red trendline was broken so we have a price drop but I also see a possibility for the price to and breakthrough the green trendline.
3. Price is dropping to a Support zone and I have a confirmation on Tradingcentral tool on MT5.
4. FIB level at golden zone.
5. Tradingcentral tool signaling DECLINE but price is bouncing off of the support area at the moment.
Fundamental and economic:
1. US economic data is looking good we had a bunch of data that negatively impacted the prices but I think these are good retracement opportunities.
2. I use Edgefinder tool which shows me a score of 5 "bullish" on Nasdaq.
3. We are in Q4 and usually this is where we find good setups for long run.
SL: 1950-1966
Indicators:
1. MA (20,50,100,200)
2. Trendline - Algo
3. Support and Resistance
4. Fib Level
5. I also use MT5 - Tradingcentral tools
Technical:
1. MA 20 still above 100 and 200 so I believe we still have room for bull run.
2. Red trendline was broken so we have a price drop but I also see a possibility for the price to and breakthrough the green trendline.
3. Price is dropping to a Support zone and I have a confirmation on Tradingcentral tool on MT5.
4. FIB level at golden zone.
5. Tradingcentral tool signaling DECLINE but price is bouncing off of the support area at the moment.
Fundamental and economic:
1. US economic data is looking good we had a bunch of data that negatively impacted the prices but I think these are good retracement opportunities.
2. I use Edgefinder tool which shows me a score of 5 "bullish" on Nasdaq.
3. We are in Q4 and usually this is where we find good setups for long run.
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