Daily analysis & day trading setups on NASDAQ NAS100USD 20220817

Happy Mid Week Day, Happy Wednesday, Happy FOMC Day,

NASDAQ has given up 13570 level which was vital turning point. Break of 13530 & 13480 will open downside. Reversal from 13530 & move above 13620 means we are in another bull run to 14k

Line in the sand is 13570.

MacroUS Retail Sales, FOMC

Buy
Break: 13550, 13645, 13750, 13900
Reversal: 13460, 13375, 13230

Sell
Break: 13485, 13390
Reversal: 13670, 13785, 13940

I regularly publish my daily analysis & trading plan for day trading setups. The links are here:

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Green Goblin levels are here >>>

Fibonacci Confluence levels are here >>>

Trade closed: target reached:

#Trade 1: Bearish engulfing @ blue level E

#ShortTrade 13590
SL 20 pts
TP1 60 pts✅
TP2 120 pts✅
TP3 60 pts✅on reversal

#EasyPeasy #NASDAQ100 #Trading with confluence fibonacci levels published above

Trade closed: target reached:

#Trade 2: Retracement to Big Blue level F

#ShortTrade 13534
SL 20 pts
TP1 60 pts✅
TP2 120 pts✅
TP3 70 pts✅on reversal

When you #PlanYourTrades & #TradeYourPlan, you do #GetRichSlowly but surely

#Learntotrade #NASDAQ100

Trade closed: target reached:

#Trade 3: Breakout at Grand Level G

#LongTrade 13450
SL 20 pts
TP1 60 pts✅
TP2 120 pts✅
TP3 140 pts✅

Thank you Mr Market for #WinningWednesday

#Learntotrade #NASDAQ100 to #GetRichSlowly

#NASDAQ #NQ_F #QQQ $QQQ $NQ_F

Comment:

Another massive FOMC day. NASDAQ worked very well with trading plan

810 pts captured during the day. Overall average is 270 pts over 3 trades by risking just 20 pts in each trade. Only one trade open at a time.

In short, 20 pts risk with 270 pts gain >> 13X