NQ Chart Idea - Swing Long Trade Setup

14 באוג׳ 2024

NQ made triple bottom in Oct, Nov and then in Dec 2022. Since Dec 2022, NQ made a diagonal support line which was briefly broken on Aug 5th dump but then closed the week above this support line. In that dump, it made a double bottom at 17350 which is super bullish. 17530 was also a 0.382 fib level which was tested and respected as it didn’t close any candle below that level. I am personally with this PA as well as market fundamentals. Below are just two target prices that I am showing but I will want to ride this trade until 20350 after updating my SL in green.

Swing Long Setup

Entry: 19000
TP1: 19600 (0.618 fib retracement level)
TP2: 19700 (Major resistance)
SL: 4Hr candle closing below 19650
RR: 2:1

NOT A FINANCIAL ADVICE! DYOR

11 בספט׳ 2024

עסקה סגורה: היעד הושג

Trade setup was awesome. Hit both TPs and on Aug 19th and went even further before coming back down. Uploaded a new swing long trade idea today on NQ. TP should be 21000.