Hello everyone, Let's look at few of my favorite chart patterns that I use from day to day in my trading and analyses. These patterns appears in almost every asset, instrument and currency pairs in the financial market and stock market. Forex chart patterns are on-chart price action patterns that have a higher than average probability of follow-through in a...
For many there is a question: What did happen yesterday? THE answer is, FOMC or what I like to call the Jerome Powell effect! Some newbies think it is just Elon Musk that could move the market with his words, and that is not just true! While the total cryptocurrency market cap is 2.25 trillion dollars (much lower than Apple with 2.94 or Microsoft 2.5 trillion...
Crypto market, forex market, stock market & gold all are connected, but we must find it to do our trade more confidently.
Hey y'all… The highly requested—Is here. Most of us love the idea of a bare chart… but can't seem to let go of the values—by indicators. One of the most important signals in—Nasdaq100 are divergence. Pfft… So, I thought… Why not make it easy? This is my own theory—So… you might not get it on YouTube or books. I figured this out with experience. Use it wisely;...
Hello friends, Today I thought in helping you understand different Forex Trader Types and probably you can identify yourself in which category you fit in so you know how to approach the market each day. There are 6 type of traders as far as I know: 1. News or Fundamental Traders ✅Fundamental traders focuses on Fundamental events that may potentially drive...
NASDAQ has reach its all time high. So how to get an objective target price? We can apply fibonacci cluster to get it. Combining external retracement and fibonacci projection. In my opinion the next objective target price is 14800. It can be wrong because market has its own mechanism, so let see what will happen in the future.
Hello Tradingview community! Today I want to share something which is pretty rare to see around, the Advanced Breakouts (AB)! What is an AB? Is an event when the indicator may anticipate the price's movement. Some indicators like the RSI or the OBV are great for this, and in this analysis, I'll use the RSI as an example. See the movement on the Nasdaq 100 today?...
Throwing a like, share or comment with any constructive criticism or feedback is greatly appreciated and will motivate us to always improve! 👋 Hey TradingView Community. Extremely happy to finally be on TradingView sharing our ideas publicly with you all. Let's take a dive into the OANDA:NAS100USD What can we see on this chart? well let's firstly list the...
Good morning guys, I am going to explain here how to evaluate timing for any asset (crypto, stock, index), it can be extrapolated to any of them. Based on Technical analysis, Relative Analysis and Market timing: Technical Analysis: If you 're looking to buy an asset you can have a look at the chart itself, which will provide you a very good idea of the...
My definition of Correction: During any rally whether it is Bullish or Bearish, there are times when traders and investors start to reevaluate their positions, take some profits or accept their loss and make changes in their portfolios composition. Usually it happens a couple of time during any rally regardless of its nature(Bullish/Bearish). My definition of...
Yes, the stock market is overheated judging by all valuation metrics. For those of us who don't want to jump the gun and want to stay in the trend until it is broken, sector ETFs offer better return than major indexes such as S&P 500 and NASDAQ, but are not as volatile as individual stocks. According to Goldman Sach, IT and consumer discretionary have risk...
The market opened today with a mixed feeling and this can be seen as consolidations or ranges. Since there were lots of buyers and sellers it was pretty hard for the candles to decide causing choppiness . Watch to know how I tackled it and learn from my mistakes and decisions. Please if you found this helpful give me a thick thumbs up appreciate.
Nasdaq is still struggling to find balance above 10000. There'a been several pull backs in the past week but it is still in a clear uptrend
Bulls need price above 10000 points to sustain the bullish trend
CURRENCYCOM:US100 is in strong uptrend.
This is a simple illustration of how I trade and where I think Nasdaq is going and why. Use this to assist your thought process
This view is more of a confirmation of my analysis for the week, I am waiting for the end of day to be able to tell where price will be going next but as a day trader, there often something to trade. Price tested a new high and could be looking at forming a new high low before a higher high.
DOUBLE TOP IDENTIFIED on 5m timeframe,ENTERED ON THE BREAK OF NECKLINE AND RETEST ON THE 5m timeframe