Nasdaq - Another +50% From Here!Nasdaq ( TVC:NDQ ) just broke out of a major channel:
Click chart above to see the detailed analysis👆🏻
It really seems like the Nasdaq is about to repeat the breakout behaviour of 2020. However, last month the Nasdaq showed some significant signs of weakness and vulnerability. The next couple of months will be very decisive, but the past of least resistance still seems towards the upside.
Levels to watch: $20.000, $25.000, $16.000
Keep your long term vision,
Philip (BasicTrading)
Indicestrading
S&P500 - Was this already the all time high?SP:SPX is still massively bullish on the smaller timeframes despite retesting strong resistance.
Sometimes trading can be soo simple but yet rewarding. You simply have to buy the S&P500 at support and sell your position at resistance. At the moment, the S&P500 is once again retesting a resistance trendline, which has been pushing price lower for more than 14 years and there is just an extraordinary high chance that we will again see a rejection. Don't say I did't warn you!
Levels to watch: $5.600, $4.800
Keep your long term vision,
Philip - BasicTrading
Nasdaq - (Bullish) Clarity in two days!TVC:NDQ is now retesting a very important inflection level and maybe attempting a breakout.
Parabolic rise or -20% correction over the next couple of months. So far there is a lot of uncertainty as to whether the Nasdaq will manage to break above the current resistance trendline. We simply have to wait for this monthly candle closure as well as the monthly candle closure of July until we can make a clear prediction. So far, everything is still possible!
Levels to watch: $20.000, $16.000
Keep your long term vision,
Philip - BasicTrading
Dow Jones - All time high and 20% rally?Hello Traders and Investors, today I will take a look at the Dow Jones .
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Explanation of my video analysis:
For more than a decade, the Dow Jones has been trading in a rising channel formation. We had the first retest of support and resistance back in 2011 and ever since this was a massively profitable channel pattern. With the recent breakout above the $35.000 resistance level, the Dow Jones clearly looks like the next target is once again the upper resistance of the channel.
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Keep your long term vision,
Philip (BasicTrading)
Dow Jones - Textbook trading setup!Hello Traders and Investors, today I will take a look at the Dow Jones.
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Explanation of my video analysis:
There is one major long term pattern which we have been looking at for a very long time - a rising channel formation. Just a couple of months ago the Dow Jones retested the lower support trendline and created a beautiful triangle breakout while rejecting towards the upside. If we now get a retest of the breakout level which is then acting as support, a major continuation higher is quite likely.
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Keep your long term vision,
Philip (BasicTrading)
US30: Thoughts and Analysis post-CPIToday's focus: US30
Pattern – Consolidation range
Support – 38,550
Resistance – 39,165
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 daily.
Yesterday's CPI didn't cause any serious moves but did show that inflation remains stubborn. Today, we have run over what we are watching on the US30 and the current main levels that are forming a price pattern.
Will we see a new test and break of resistance, or could we be in for further consolidation?
Good trading.
Nasdaq - Now Is The TimeHello Traders, welcome to today's analysis of Nasdaq.
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Explanation of my video analysis:
For more than 10 years the Nasdaq has been trading in an obvious rising channel formation and retested the lower support the last time in 2023. This retest was followed by an expected 65% pump. Considering that Nasdaq is now retesting resistance as mentioned in the analysis, I do expect a short term pullback to retest the next support level below current market price.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Wedge Formation On The Nasdaq📈Hello Traders and Investors,
My name is Philip and I am a German swing-trader with over 4 years of trading experience💻
In my opinion you don't have to pay any attention to news and fundamental analysis.
The chart of an asset literally tells you everthing you have to know🤯
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👆In today's video analysis, I will share with you my outlook on Apple👆
I am analyzing the monthly, weekly and daily timeframe for you in order to give you a comprehensive overview and a by combining the three different timeframes, I can share the highest probability trading setups🤑
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Keep in mind that all you need in order to become a successful trader is proper risk management, a trading plan, the right education and a time horizon of more than 10 years.
95% of traders out there are not real - focus on you and your journey🧐
Keep your long term vision!
- Philip (BasicTrading) -
Nasdaq -> Please Look At The Odds!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nas100 💪
After the Nasdaq perfectly retested the monthly 0.618 fibonacci retracement, previous monthly support and also broke above a clear bearish trendline, we had a solid rally of roughly 20%.
With the Nasdaq now retesting the next weekly resistance at the $15570 level I do expect a short term rejection again away from the resistance but then eventually the creation of new all time highs on the technology index.
Looking at the obvious rising channel on the daily timeframe you can see that on Friday the Nasdaq once again rejected support and there is in my opinion currently a 50% chance that we will still see a major correction but objectively looking at the index there is no sign of weakness yet.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset: