NASDAQ 100 - (NDX) - Buy this bottom up to 9000 !!!
NASDAQ just as Russell and S&P500 corrected nicely.
I think we finished wave 2 of an impulsive wave.
Wich gives us an opportunity to go long wave 3 up to 8100 as first target followed by 9000 next.
Trade Setup :
Entry : Now or on pullback
Stop : last low or wave E low
Target 1 : 8000
Target 2 : 9000
----------------------------------------------------------
IMPORTANT
If price goes below last wave E, it will test wave C&A low and if those levels do not hold, expect price to fall a lot !!!
I think we finished wave 2 of an impulsive wave.
Wich gives us an opportunity to go long wave 3 up to 8100 as first target followed by 9000 next.
Trade Setup :
Entry : Now or on pullback
Stop : last low or wave E low
Target 1 : 8000
Target 2 : 9000
----------------------------------------------------------
IMPORTANT
If price goes below last wave E, it will test wave C&A low and if those levels do not hold, expect price to fall a lot !!!
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Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
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Thanks !
The zigzag drawn might not be correct.
Meaning the correction is not yet over.
We just made wave A of a Zigzag, now currently in wave B (nearly ending), followed by a wave C lower.
Therefore, moving Stop Loss to 7200 so that in case price turn lower, I still get a few pips, but if price goes higher, I'll chase it with my trailing stop.