Hello friends and traders,
Nas100 as I already predicted yesterday is on for another bullish run and when it does who can stop it? This can come as a surprise to a vast majority of traders because hey, it is a market with so much trillion dollars. That is why the market has no bell at least as far as I know, anything of that sort to alert us, "I'm now changing to bullish", I'm now going bearish," "take your profit now." Just imagine if the market had that sweet voice and we could hear that voice behind us at all time as we monitor our charts, telling us what to do and where to go from here and there like the 'google map voice'. Life could be much easier. How I wish there was such thing, because hey I could be a trillionaire by now. Hahahahaha. Jokes aside. Let's just admit it, trading isn't easy and it supposed not to be easy, because everything in life it needs diligent efforts and determination to make it work. We mustn't expect an easy-soft life because such life is not what make millionaires.
Back to Nas100, we see that it formed a double bottom, it was not so obvious at first, yes not even to me. I mean, have you ever waited for a person and as the person arrived you couldn't recognize him at the first glance until the person came closer and closer? That is how it is. The market at first it wouldn't look so clearer as what it intends to do. Until later, sometimes until price has gone far leaving us with, 'oh should I enter here?' 'Where will my stop loss be?'😜
I know, you are not alone.
For Nas100 I expect it to continue rising, you might not be too late if you didn't catch the flight. You may want to hop in, but with so much care, because as I said price has already went up and it depends to your risk tolerance, it depends to how much you are willing to loose because hey what if we see the unexpected? An airplane crashes unexpected, we can always expect unexpected. If it crashes what then? Will your account survive?
I mentioned about the double bottom. What is it? Some people call it a W-shape pattern. Yes it resembles a letter 'W'. Basically the market arrives at the level and bounced up twice from that level. It cannot be at exact line, yes, a level can make sense. Don't expect to see a beautiful 'W' letter as of that in kindergarten. Many would get in with buy as soon as the market breaks the neckline, some would wait for a retest to the neckline before going long. Whatever way that works for you, let's be good with it. Again, I'm not an expert in this field, I'm just another person trying to conquer the market, but it is not easy. I want to, but it is not an easy thing. We learn day by day, and we must keep learning. I don't know if Tradingview can allow me to mention many stuffs here, I want to uphold to the house rules, if something wrong is found in my ideas obviously it will be flagged off. We are here to share ideas and improve, so be kind to comment.
With many wishes,
Forexintelligence
Nas100 as I already predicted yesterday is on for another bullish run and when it does who can stop it? This can come as a surprise to a vast majority of traders because hey, it is a market with so much trillion dollars. That is why the market has no bell at least as far as I know, anything of that sort to alert us, "I'm now changing to bullish", I'm now going bearish," "take your profit now." Just imagine if the market had that sweet voice and we could hear that voice behind us at all time as we monitor our charts, telling us what to do and where to go from here and there like the 'google map voice'. Life could be much easier. How I wish there was such thing, because hey I could be a trillionaire by now. Hahahahaha. Jokes aside. Let's just admit it, trading isn't easy and it supposed not to be easy, because everything in life it needs diligent efforts and determination to make it work. We mustn't expect an easy-soft life because such life is not what make millionaires.
Back to Nas100, we see that it formed a double bottom, it was not so obvious at first, yes not even to me. I mean, have you ever waited for a person and as the person arrived you couldn't recognize him at the first glance until the person came closer and closer? That is how it is. The market at first it wouldn't look so clearer as what it intends to do. Until later, sometimes until price has gone far leaving us with, 'oh should I enter here?' 'Where will my stop loss be?'😜
I know, you are not alone.
For Nas100 I expect it to continue rising, you might not be too late if you didn't catch the flight. You may want to hop in, but with so much care, because as I said price has already went up and it depends to your risk tolerance, it depends to how much you are willing to loose because hey what if we see the unexpected? An airplane crashes unexpected, we can always expect unexpected. If it crashes what then? Will your account survive?
I mentioned about the double bottom. What is it? Some people call it a W-shape pattern. Yes it resembles a letter 'W'. Basically the market arrives at the level and bounced up twice from that level. It cannot be at exact line, yes, a level can make sense. Don't expect to see a beautiful 'W' letter as of that in kindergarten. Many would get in with buy as soon as the market breaks the neckline, some would wait for a retest to the neckline before going long. Whatever way that works for you, let's be good with it. Again, I'm not an expert in this field, I'm just another person trying to conquer the market, but it is not easy. I want to, but it is not an easy thing. We learn day by day, and we must keep learning. I don't know if Tradingview can allow me to mention many stuffs here, I want to uphold to the house rules, if something wrong is found in my ideas obviously it will be flagged off. We are here to share ideas and improve, so be kind to comment.
With many wishes,
Forexintelligence
