RHF SHORT IDEA.
As depicted on the above chart, we expect Nasdaq to break micro structure with the possibility of a head and shoulders (1HR). We have also seen a break out of the 1hr upward trend and has tested the monthly key level (12468), The monthly also shows us a sign of bullish weakness with Feb closing as a bearish pin bar, we expect a long term sell to the 10600 area. A good entry would be @12280~12260 of which a break and retest of that level confirms the setup.
REMEMBER IF THE ABOVE DOES NOT OCCUR STEP BY STEP THEN IT COULD BE A POSSIBLE BEAR TRAP TO PUSH PRICE HIGHER OR RANGE UNTIL A BREAKOUT. ALWAYS WAIT FOR CONFIRMATION AND TRUST THE ANALYSIS.
THERE ARE PLENTY OF OPPORTUNITIES BUT LIMITED MONEY FOR THOSE OPPORTUNITIES.
REMEMBER IF THE ABOVE DOES NOT OCCUR STEP BY STEP THEN IT COULD BE A POSSIBLE BEAR TRAP TO PUSH PRICE HIGHER OR RANGE UNTIL A BREAKOUT. ALWAYS WAIT FOR CONFIRMATION AND TRUST THE ANALYSIS.
THERE ARE PLENTY OF OPPORTUNITIES BUT LIMITED MONEY FOR THOSE OPPORTUNITIES.
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