SHORT OPPORTUNITY ON NASDAQ (Rejection from 6 mth trendline)!

14 oct. 2020

Bulls have been taking over the bears for the past few sessions, NASDAQ has got a nice rejection from a 6 months trendline. There may be an opportunity for an exhaustion/correction phase following a huge move upwards. This is a LOTTO trade and risk should be tight on this trade, in case the bulls take over again. It may retrace anywhere around the 50% level of the move on the upside.

14 oct. 2020

Note

If we see a trendline break on the upside, I am anticipating a huge move on the upside.

19 oct. 2020

Note

Taking profits over here, it has retraced back more than 50% and has found strong support at 61.8% level. Hope you guys caught it!