Nasdaq seems to have stopped and is pushing up to wards the gray zone which is the 50.0% to 61.8%region which also lines up with the trend line.
We will be taking profits as follows; TP1: close 50% of the position, TP2: close 25% of running position, TP3: final TP and remaining 25% is closed.
Entry will be on the basis of two main types. A risk entry within the gray zone with the use of candlestick patterns. The second entry would be a break and retest of the counter trend line we would identify when price gets to the gray zone.
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