RHF SHORT IDEA.

7 thg 3, 2023

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.