Hello everyone, 👋
Market Background:
After yesterday's strong rebound, driven mainly by semiconductor and AI-related stocks, today's session may begin with a more cautious tone. Futures are pulling back slightly, suggesting that some investors could take profits ahead of upcoming macroeconomic catalysts and the start of earnings season.
From a technical perspective, holding the key support zone remains crucial. As long as price stays above the highlighted area, the bullish scenario remains valid, and any pullbacks may simply be viewed as a correction within the prevailing uptrend. On the other hand, a confirmed break below support could open the door for a deeper downside move.
My subjective view:
I believe today's downside move has already played out. From here, I'm expecting the broader uptrend to continue once the current M15 correction is complete.
🔴 If price retests the red line and gets rejected, it could provide a signal for a short-term SHORT position.
🟢 On the other hand, if price pushes higher and breaks above the green line, I'll be looking for a LONG setup.
Overall, I'm much more bullish today and definitely leaning towards LONG rather than SHORT.
⚠️ This analysis is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and manage risk appropriately before making any trading decisions.
Market Background:
After yesterday's strong rebound, driven mainly by semiconductor and AI-related stocks, today's session may begin with a more cautious tone. Futures are pulling back slightly, suggesting that some investors could take profits ahead of upcoming macroeconomic catalysts and the start of earnings season.
From a technical perspective, holding the key support zone remains crucial. As long as price stays above the highlighted area, the bullish scenario remains valid, and any pullbacks may simply be viewed as a correction within the prevailing uptrend. On the other hand, a confirmed break below support could open the door for a deeper downside move.
My subjective view:
I believe today's downside move has already played out. From here, I'm expecting the broader uptrend to continue once the current M15 correction is complete.
🔴 If price retests the red line and gets rejected, it could provide a signal for a short-term SHORT position.
🟢 On the other hand, if price pushes higher and breaks above the green line, I'll be looking for a LONG setup.
Overall, I'm much more bullish today and definitely leaning towards LONG rather than SHORT.
⚠️ This analysis is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and manage risk appropriately before making any trading decisions.
Trade fermée: cible de profit atteinte
💚 LONG Target Reached! 💚+102 points on NASDAQ!
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.