Based on the MAR (Marriott) CFD chart you provided, here is a question, “Today’s Low” of 384.91.

$MAR ‌#ShareYourUSStocksWinNvidia

Given that MAR is currently trading at 392.58, which is near the upper Bollinger Band (UB: 392.78), and the “Today’s Low” is 384.91, would a break below the middle band (MB: 378.76) confirm a reversal toward the daily low, or is the current pullback just a retracement within an uptrend?

The pullback is likely a shallow retracement within an uptrend, not a reversal to the daily low.

· Price vs. Bollinger Bands: Price at 392.58 is touching the UB (392.78), signaling overbought conditions intraday, but the middle band (MB: 378.76) is still far below. An uptrend is intact as long as price stays above MB.
· MACD: DIF (5.94) > DEA (5.03), histogram positive (0.91) → bullish momentum.
· Today’s Low (384.91): That low was set earlier in the session. To revisit it, price would need to break below MB (378.76) and then SuperTrend support (373.74), which is unlikely without a major bearish catalyst.

Conclusion: The daily low is not an active target unless the trend reverses. Current price is a pullback to support within an uptrend.

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Trade Plan (Short-term, based on the 15m–1h chart)

Element Detail
Direction Long (Buy) – playing continuation of uptrend
Entry Limit buy at 389.50 (below current price, above the 385.36 mid-point on chart)
Stop Loss 384.50 (just below today’s low of 384.91)
Take Profit 1 395.50 (just above today’s high 395.79)
Take Profit 2 399.00 (resistance near 401.00 zone)
Risk/Reward ~5 pts risk : ~6-9.5 pts reward → 1:1.2 to 1:1.9

Execution rules:

· Invalidation: If price closes 15m candle below 384.80, cancel the trade plan.
· Confirmation to enter: Wait for a 15m green candle after touching 389.50.
· Trailing stop: Once TP1 is hit, move stop to entry (389.50).

If price breaks above 395.79 immediately (without pulling back):

· Do not chase. Wait for a retest of 394.00 to enter long instead.

⚠️ Market is currently closed (Time Until Opening: 1D 7h 26m). This plan is for the next trading session open.