The Nasdaq-100 closed at an all-time high (ATH) yesterday, and I can see an opportunity to trade a pullback to a previous key level that aligns with the 50% (0.5) Fibonnaci retracement level.
This is a typical example of how I’d set up a 1:1 risk/reward ratio trade.
.
The Nasdaq-100 closed at an all-time high (ATH) yesterday, and I can see an opportunity to trade a pullback to a previous key level that aligns with the 50% (0.5) Fibonnaci retracement level.