Hi everyone,
Nasdaq is currently forming a shooting Star or a Gravestone and the Monthly Candle will close tomorrow. If this candle close like this, we must expect the worst to come.. the end of the Bull Market for the Nasdaq.
Let's see, a lot of things can happen in one day. Dow and S&P 500 Index are not looking like that for now.
Best to you !
Hi everyone,
It is too early to confirm it but if this candle close like this next friday on the W chart in Shooting Star or Gravestone or a spinning top we will have something to worry about.
Best to you !
There is a discussion that the market might be heading for a top. I have reviewed the monthly chart going back 20 years to the great big bull of the 90s, the index at the time was consistently uptrending with the the price being 80% above the 50Month MA. The market traded in a channel for years and once it broke above that channel, which became support in 1999 and...
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Analysis
- To begin with, we can look at the Nasdaq Index's monthly chart on the logarithmic scale
- The logarithmic scale provides a broader overview of the general trend, as well as clearer percentage changes...
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I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 IXIC technicaly indicators showing we can expect higher bulish market continuation, FIBO 0.5 which is in some...
1999 POINT AND FIGURE ANALOG
2,225 count line + (39 boxes*3 reversal*25 box size)=5,150
Actual intraday high reached on March 10, 2000 = 5,132
CURRENT POINT AND FIGURE CHART
Campaign segment #1 target:
7,360 count line + (11 boxes*3 reversal *80 box size)=10,000
Campaign Segment #2 Target:
6,242 count line + (42 boxes *3 reversal *80 boxes)=16,232
Box size...
NASDAQ COMPOSITE
Reasons for a speculative rally into 2020:
-Partial resolution on tariffs
-Brexit Resolution
-China's market rallying
-More liquidity from Fed
-Better Earnings
NASDAQ COMPOSITE IXIC
Target be sure in the 5140 point ! (-37% from high point)
Second target can be 2850 point (-65% from high point)
Examples, look at this and think about. How you can safe your money ?
I AM EXPECTING THIS TO MOVE TO AROUND 7710.2
I FEEL THIS COULD FORM SOME VARIATION OF A FLAT
BUT TIME WILL TELL
WILL UPDATE MORE SOON
LIKE, FOLLOW AND COMMENT
i checked this on the 6 monthly as well and boy it looks parabolic as hell.
This is the monthly chart though.
The signal is clear as bloody day for me.
Finally my monthly indicators are literally ALL in unison.
Simple bearish divergence on the RSI.
Simple bearish divergence on the fast oscillator and collapsing close to the zero line - scary.
Simple bearish...
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
