NASDAQ: 10:1 R/R Setup - One More High Before Major Correction
Sharing my current outlook on NASDAQ with a high-probability setup offering exceptional risk-reward. ๐
**๐ฏ The Setup:**
I'm expecting one more push to new all-time highs from the yellow line around 23,000. This would offer a **10:1 risk-to-reward ratio** with the stop loss just below the recent low. ๐
**๐ Yellow Line Logic:**
This level represents my experience-based zone just shy of the 0.786 Fibonacci retracement. I've observed that when price reaches the 0.786 level, it tends to result in a complete reversal more often than not. This yellow line sits in that "sweet spot" where buyers typically step in. ๐ฏ
**๐ Chart Structure Support:**
The overall chart pattern suggests a higher probability of making new highs rather than a complete reversal from current levels. The structure is bullish despite the recent pullback. โ
**๐ Bigger Picture Scenario:**
After the anticipated new high, I expect a significant retracement back toward the previous high (red line area). However, this would likely be just a healthy correction before the bull run resumes for the remainder of the year. ๐โก๏ธ๐
**๐ง Key Insight:**
Sometimes the best trades come when the market gives you that "one more push" setup. The risk is small relative to the potential reward, making this a compelling opportunity if the setup materializes. ๐ก
๐ **This trade setup offers a risk-to-reward ratio of 10:1.** Without including fees, the breakeven win rate for this trade would be approximately 9.09%. Knowing these figures in advance helps me avoid emotional trading. ๐ง
๐ก **Pro Tip**: If you often find yourself trading based on emotions, I recommend doing this type of pre-planning and quantifying your setups before execution โ it can be a simple yet highly effective improvement. โ
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**Trading is simple.** You don't need multiple indicators or dozens of lines on your chart. A clean and simple chart often works best โ it keeps your decisions consistent and reduces uncertainty. Sure, it might not look flashy, and my analysis may seem a bit "plain" compared to othersโฆ but that's how I like it. If you find this analysis useful, feel free to follow me for more updates.
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*Disclaimer: This post is for general informational and educational purposes only. It does not constitute financial advice, investment recommendation, or a service targeting specific investors, and should not be considered illegal or restricted information in any jurisdiction.*
**๐ฏ The Setup:**
I'm expecting one more push to new all-time highs from the yellow line around 23,000. This would offer a **10:1 risk-to-reward ratio** with the stop loss just below the recent low. ๐
**๐ Yellow Line Logic:**
This level represents my experience-based zone just shy of the 0.786 Fibonacci retracement. I've observed that when price reaches the 0.786 level, it tends to result in a complete reversal more often than not. This yellow line sits in that "sweet spot" where buyers typically step in. ๐ฏ
**๐ Chart Structure Support:**
The overall chart pattern suggests a higher probability of making new highs rather than a complete reversal from current levels. The structure is bullish despite the recent pullback. โ
**๐ Bigger Picture Scenario:**
After the anticipated new high, I expect a significant retracement back toward the previous high (red line area). However, this would likely be just a healthy correction before the bull run resumes for the remainder of the year. ๐โก๏ธ๐
**๐ง Key Insight:**
Sometimes the best trades come when the market gives you that "one more push" setup. The risk is small relative to the potential reward, making this a compelling opportunity if the setup materializes. ๐ก
๐ **This trade setup offers a risk-to-reward ratio of 10:1.** Without including fees, the breakeven win rate for this trade would be approximately 9.09%. Knowing these figures in advance helps me avoid emotional trading. ๐ง
๐ก **Pro Tip**: If you often find yourself trading based on emotions, I recommend doing this type of pre-planning and quantifying your setups before execution โ it can be a simple yet highly effective improvement. โ
---
**Trading is simple.** You don't need multiple indicators or dozens of lines on your chart. A clean and simple chart often works best โ it keeps your decisions consistent and reduces uncertainty. Sure, it might not look flashy, and my analysis may seem a bit "plain" compared to othersโฆ but that's how I like it. If you find this analysis useful, feel free to follow me for more updates.
---
*Disclaimer: This post is for general informational and educational purposes only. It does not constitute financial advice, investment recommendation, or a service targeting specific investors, and should not be considered illegal or restricted information in any jurisdiction.*
Pesanan dibatalkan
The overall situation looks much worse than expected, so I canceled my orders for now.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.