NASDAQ gathering Calls before its next drop

If you have not seem my original idea on this movement I suggests you take a peak here is a quick visual on the Bearish idea..

With the potential for a DXY retest before possibly continuing to the upside. I would expect to see the very same inverse behavior in equities as well as forex.

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Short term upwards movement-Monday, Tuesday -Target 15631
Rejection of area seeking for downside target.

Trade fermée: cible de profit atteinte:

View the execution of this price re balancing on the youtube channel below

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This action was closed, but in case you were wondering....

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This idea was closed since I have a long short covered in the one Titled Bearish September for equities

www.tradingview.com/...tember-for-Equities/
But this can chop around tomorrow Tuesday and start giving us a definitive move down by Asia on Tuesday afternoon NY time or Early Wednesday morning.
Play it safe

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Now I know we closed this the minute we hit our target...
Just updating on the second and greater length leg..

Commentaire:

if the CPI gave us any hint we might not receive the drop we were looking for.
We actually remained above last Tuesdays daily 50% this is telling.
Even tho anything can and usually does happen while Dollar continues to sluggishly consolidate I will remain cash.
NQ currently at no mans land.
We can have a brief dip and bounce from here or drop. Since price is not all together clear I will wait til it is. simple as that

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Failed to deliver downside

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that is right