Nasdaq NQ Short setup target 20,677 / Puts XND target 205.18

9 Oca

Fibonacci technical analysis: Nasdaq 100 E-mini Futures (NQ1!) has already found resistance at the Fib level 78.6% (21,870) of my Down Fib. The January 8th Daily candle has closed below retracement Fib level 38.2% (21,414.50), and today’s Daily candle (Jan 8) has re-tested 38.2% resistance level further confirming sell signal. My Down Fib guides me to look for NQ1! to eventually go down to hit first target at Fib level -27.2% (20,677).

Nasdaq NQ1! – Target 1 at -27.2% (20,677), Target 2 at -61.8% (20,287) and Target 3 at -78.6 (20,097)
Stop loss slightly above the 50.0% retracement Fib level (21,547.50).

Option Traders: My XND chart (Down Fib from 218.38 to 208.00) shows price to go down to Target 1 at -27.2% (205.18), Target 2 at -61.8% (201.59) and Target 3 at -78.6 (199.85)

Stop loss slightly above the 50.0% retracement Fib level (213.19).

14 Oca

İşlem kapandı: hedefe ulaştı

Price hit my Target 1 at -27.2% (205.18) on Jan 13, 2025 for a generous profit!

Today's daily candle (Jan 13) close does not suggest price will go further down to Target 2 and so I have closed this trade with profit.