Nasdaq 100 Bulls shooting their shot 🐂🔫📈

Hello, good day traders! 👋🤙

📰Fundamentally,

- After another lighter-than-expected inflation report, Nasdaq jumps 1.4%

- Stocks resumed their inflation-driven rally on Tuesday after another report signaled that price increases could be slowing.

‌

🤔On the technical front,

1.) Looking at the H4 chart, I am looking for a buy entry at 11710.26, where the 38.2% Fibonacci line is located.

2.) I've set a fairly safe stop loss at 11037.21, slightly below where the 23.6% Fibonacci line is located.

3.) I intend to take a profit at 12473.90, where the 61.8% Fibonacci line and market gap is located.

‌

Buy Entry: 11042.51📈

Take Profit: 9553.03 💲

Stop Loss: 11794.81❌

‌