261% extension from top to bottom, fits the general channels there also conveniently, and some fractals fit this move also, but none tightly enough to leave on the chart. You could also draw from the big pull back in September a somewhat symmetrical triangle, getting ready to break out 👌 Let’s boogie !!
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Break of trend line would confirm. Some minor support/resistance levels shown in addition to the fib retracement.
FB BEAR PUT 245/240 nov 27 0.44$ Sell PUT 240 Buy put 245 on 10oct many technology stocks fallen and FB directly fallen into its 7 score daily demand and its a origin So, for safer entry enter the trade in the next demand zone 11oct2020
I think NASDAQ 100, missed its momentum and could pass over it's last resistance by going the opposite direction of S&P 500 which doesn't always happen, but NASDAQ is being overbought allot. this can change any moment, one of the most likely reasons is, if Biden sets a solution of Covid 19, means good news of Covid 19 drives the market higher and bad news lower,...
I hope you all are having a wonderful Saturday. This is an attempt to give context to recent price action, and a technical analysis chart to support the theory. My goal is to get thought provoking ideas that may help to give some context on what we are experiencing in the markets. NASDAQ:QQQ
Strong Product, above average moat. Dorsey enterprise has good synergy. Bitcoin/ crypto tech leaders, obvious value add to clients chart setup is good, price moving in an uptrend through the cloud. will zoom higher on exit November 21 area
FB made a turn very near its most prominent resistance... I feel that this is close enough to it to pick up its influence and head south... completing a head and shoulders pattern ? Keep an eye on these larger time frame support and resistance vectors... each one is made of 3 points and then retires.
I was looking through the hightech QQQ stock index and thought I might do a review on some of the major players in that index. FB had a monumental impulse,and it looks like we are coming to an end. RSI shows slowing momentum, EWO is in agreement with my fractal mapping. We are painitng ABC patterns here. If my count is right then we are correcting, and this too...
Bull Case: Adam & Eve Target $271-$281
Financials will drive the market up . This chart looks nice to me .
Doesn't require a high IQ level to understand it ,or .. ?
H&S Pattern developing on the FANG index, I expect we drop 20% from here to retest the bottom of the channel.
Just my interpretation of the chart. Not trading advice. Goodluck. FB