This looks to be bearish structure. Wanted to check against the community to ask for other opinions. Trend lines are valid.
Little more pump before the DXY drops off into the Low 80s?
Rsi indicated another pump to the top of the wedge, but I could see it falling through after that.
Comment!
Not financial Advice. I am a hobbyist.
The dollar could reach last year high @114 and has enough room to shoot towards the $120 supply zone before declining again within a few years.
Everything will unfold soon.
Always Due Diligence First!
okay...
- first things first we brokeout of a range on the daily that has been going on for about a week
- on the H4 the breakout candlestick closed below the support of the range and the next candlestick retested that level of structure
- pretty straight forward break and retest setup, take profit is at 12420 which is the next level we might go touch and stop...
hope all you traders are doing great! here are my observations of the s&p...
- so for two days (thursday and wednesday) the market was at a level of support, and price tried to breakout of this support level (on lower time frames) but broke back in to show that it has been respected
- the rejection of yesterdays daily candle are seen as an inverse head and...
- we broke through the neckline of the double top on the daily timeframe yesterday
- we are currently at an intraday level of structure where market looks like its retesting it and continuing being bearish
- currently waiting for the break of the previous low at 12052 to go short
- or if the market wants to retest the neckline of the double i will wait for a...
hope all you guys are doing fantastic here's my analysis for the s&p 500
- market made a higher high at around 4190
- then went on to make lower highs while breaking higher lows
- initial entry could have been taken last week thursday, but market showed signs of continuation and at the london open it retested the support level where my entry was taken
- take...
similar to my nas100 analysis, us30 has been in an uptrend but on here the downward trendline has not been broken but my bias is still strongly bullish with the possibility of a bearish move
1. firstly i'll be waiting for a break and close above the trendline to go long
2. or a break below the previous higher low point to go short
3. but there's a correlation...
nasdaq has been in an uptrend for just over a month now so the chances of it continuing with this trend are highly likely and as seen by my analysis...
1. on the daily it broke above the downward trendline
2. market retested both the trendline and broken resistance on friday
3. entries can be taken if prices comes back down to the support level or if it breaks...
Good day my fellow great traders N.B this is not a signal of some sort just a perspective info from me
Weekly we bearish
Daily we sill trying to make a new trend shift to the upside however we sit at a good resistance point now
H4 we seem to be steaming out at our daily 12300 point
Here's what my m15 looks like if we break the trendline to the upside i'll buy we...
lets get straight into it...
1. on the daily we are bearish as seen by the lower highs and lower lows
2. the large bodies of bearish candlesticks show a huge amount of momentum
3. market brokeout of the upward trendline
4. currently market is retesting both the broken support level and trendline and shows huge rejection as seen by the long wick
5. expecting...
so this is just an update of the analysis i published two days ago, the clear-off on the daily seemed like a breakout to me but now i know to always wait for a significant close above or below to confirm a breakout.
but my analysis is as follows :
1. we are at a monthly level of support
2. market closed above an upward trendline from the weekly timeframe
3. a...
hope you lot are blessed and are having a great day where ever you are!
so my current take on nas100 is as follows :
1. about two weeks back we broke through the neckline of the daily double bottom and we have been in a range for the whole of last week as seen by the rectangle
2. at yesterdays new york open the market showed signs of being strongly bearish...
Good day you Great traders it is always with my greatest delight to serve you insightful stuff On the NASDAQ Market hope you good here we go
Weekly the trend still bearish making lower highs and lower lows
Daily we have been exchanging momentum bullish to bearish however right now today we broke the 11800(hoztinal lvel in blue) to the downside making it a...
Good day you great traders it is with my greatest delight to announce my big comeback
Hope you well let's dive right into this bright idea
Firstly, the weekly tells us the trend is bearish and has been since 21 DEC 2021 Creating lower highs and successive lower lows recently in fact last week, we made a new low
Daily we broke a proficient level price 12200...
Good day you great millions I am happy been dancing the entire day over this new potential wonderful TRADING Day.
How i know you all doing great tell me how you are feeling down below on the comment section
Right, what is the update on Nasdaq today:
Weekly our trend has remained bearish why?
We have been consistently making Lower lows and Lower highs since Dec 21,...
Good day you Great traders i am Gladly back serving you only the best of trading insights here's what I anticipate this wonderful day
Weekly we have been successfully creating lower highs and lower lows shockingly since 21 Dec 2022
Daily we got to things that happened past 2 days:
1. We have rejection and retracement up yesterday note it didn't reject a major...
Good day great Traders hope you are all great I know I am
Now let me feed you my introspect on this great rewarding market
Here we go: Weekly we are overall bearish having created successive lower lows and lower highs since 21 December 2021
Daily we seem to have approached a great support level @price level 12400 holding with over 3 touches
Hourly timeframes...
i come bearing pips for you guys and here's how you can get them, buy going long on nas100 for the short term because the trend on the higher time frames is down. so my observations are as follows:
1. market broke out an upward trendline on the weekly and monthy timeframe
2. market sold till a major support zone on the daily, monthly and weekly
3. as the new low...
