Melissa_Amana

What could save Nasdaq?

TVC:NDX   NASDAQ 100 Index
The Nasdaq 100 did an island reversal in the 30m chart, but it is at a support level again.The triple bottom and strong RSI divergence still persists. We have no buy sign yet, but if it does, it will be a good one.


In the 4h chart, Nasdaq hit again the 13,716 and it dropped to the next support level . The next hours will be decisive for the index, and if we see anything good, we can nail a good trade.

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See you soon,
Melissa.

Comments

so tomorrow will be another fall for Nasdaq ? I am not good at reading charts but you say no buying signal yet means we havent reached a bottom ?
+1 Reply
Melissa_Amana mysoulbeauty
@mysoulbeauty, Hi dear! We have reached a possible bottom, yes, but if we don't see any signal around, we can't buy, despite the divergence. Maybe it'll seek our "buy zone" before the expected. Let's see.
Reply
mysoulbeauty Melissa_Amana
@Melissa_Amana, thank you so much , I lost so much money last month and it keeps bleeding 😭 just looking for any opportunity to recover my loss, I will keep following your analysis closely
+1 Reply
Melissa_Amana mysoulbeauty
@mysoulbeauty, u will. There are a lot of opportunities around here ;)
+1 Reply
PCC is currently over 1, let's see if that last when C up transpires. However, PC isn't diverging.
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I don't understand how you base a buy on a triple bottom then you show a very long bar underneath as a potential buy zone, a triple bottom isn't that by definition if its' violated. There a flaw in the logic. Pattern is everything and using 1 tool RSI isn't enough. In the entire time from the top PCC didn't close above 1, the VIX didn't make new lows at at the highs, where is the fear, mostly complacency that is associated with tops not bottoms.
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@pechi123, by the time I wrote the analysis the bottom wasn't violated, genius.
+1 Reply
pechi123 Melissa_Amana
@Melissa_Amana, Nice sarcasm! Your comment changes nothing, your chart no matter when it was published, bases a buy recommendation on the violation of chart points called a triple bottom.
+1 Reply
@pechi123, You: "your chart no matter when it was published, bases a buy recommendation"
Me: "We have no buy sign yet, but if it does, it will be a good one."

See why you are the genius?
Reply
pechi123 Melissa_Amana
@Melissa_Amana, Very temperamental aren't you? You put a buy zone on your chart, under your so-called triple bottom that wouldn't be a triple bottom if violated, the underlying logic is flawed but you're way too defensive to admit it.
Reply
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