NASDAQ Potential short

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.