week17 price coming to kill zone ( rd 1: +25) week16 NASDAQ D1 200MA + @ 3 months support

zoomed out D1

200mA seems to have worked well in the past year for this chart. Every touch of 200mA seems to follow up with a 200-300 points rebound.

week16 NASDAQ D1  10mth uptrend now at 200mA 140414


Therefore can this touch of 200MA serve to provide the bounce that may form the right shoulder ( pending price action)? After all , there is a 3 months low which formed as support. Unless price crashes below this level, have to assume that price is now at a confluence support.

But still, no setup to long , yet.

week16 NASDAQ D1 potential  hns @ suspected neckline 140414

updated 150414

A bullish day close bounce from the 200MA. Looking for a retracement to get CTT long

week16 NASDAQ D1 watching for ctt setup 150414

updated 160414

a 3 day bear trap has been completed @ the key zone.
Positions have been entered for a ctt long setup

week16 NASDAQ h1 3 day bear trap 160414

updated 250414

My initial single long position have been exited early due to fear. I believe my analysis have improved tremendously for the past few months but
1) what I need to do now is to continue to hold to my trades
2) NASDAQ is a new market for me and I should be forgiven for this first trade.

Price has now come to the kill zone which I have been targeting for a very long time.


Price has reached a confluence of fib6 and 2 months high with left shoulder.
My moot will be that a right shoulder should have symmetry with left shoulder.
In this case , ~ 2 months.
week17 NASDAQ D1 hns right shoulder reached 250414


However on h1 a 2 day bull trap is already in place with a smaller hns about to be completed pending right shoulder completion.

I am hoping to get in shorts on a higher price to minimize my pip risk.

Overall , mkt seems to turn risk-off for now.

week17 NASDAQ h1 potential shoulder within shoulder 250414

A trade checklist

Insufficient to deem it as A trade. But i believe setup has not matured yet. It should be able to gain some more point as time goes by.
Any potential trade with a fractal aspect deserves a second look.


One thought on “week17 price coming to kill zone ( rd 1: +25) week16 NASDAQ D1 200MA + @ 3 months support

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