Hope you all had a great weekend.
On the daily TF we can see nasdaq has formed a triangle and it it almost at the end of the road where it is about to break. We have had many attempts of break to the upside and downside but it failed. Hopefully today we will get a close outside this triangle. If the bulls do come in our target will be 13292 and above. If the...
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The confirmed H&S that failed to follow-through to the 100% downside target left a wake in it's path. Now we are seeing price compression at the neckline; with the apex lining up first half of April. Now, waiting for the break and backtest. The NAS remains below the 2 hour 50 SMA in the shadow of the triple top. The toppy patterns are repeating on the 5 min frame.
not funny, as tech refuses to leave the resistance zone. Inside bar tomorrow with a spinning top candle stick to end off the week? Nio had a nice bounce today under the short sellers restricted list and was tied directly to the NAS albeit supercharged on the up moves.
We had a very good bearish run yesterday. As I analysed couple days ago it has come to 12780 one of the key areas, see previous posts. Before we get excited and jump into more sells we should see what is happening. The market has been consolidating last couple weeks between 13174- 12780 which you can see more clear on the daily. So for the bears to continue its...
12804.60 will be on watch overnight. NAS is now operating under the daily MBB and 8 EMA. The daily 50 SMA is now well above at 13200. For this market to turn around this week it is key to hold support we are at.
Divergence on H1, wait for 50-61% retracement from current support to form a lower high to break bullish structure. Sell at LH target next consolidation
We had a nice bullish rally yesterday taking price very close to my analysis 13200- Priced reached 13170. The price then did retrace a bit and today I am expecting price moving back up taking price to 13200-13300. However if the price starts to drop before 13020 then we may see bears coming in pushing price back down 13780 level.
Also on the daily you can see...
Hi Everyone,
Hope you all had a great weekend.
I Will start with the higher timeframe today as it is very important to see what is happening. Today we will get a weekly candle close and we are at the crutial area again where we really need the candle to break the resistance area of 12940 on the weekly timeframe. The last 3 weeks it's attempted each time but...
#NASDAQ (Update)
In 4h timeframe, NAS100 is Forming Inverted Head & Shoulders Pattern But Right Shoulder still not Completed yet.
At the Moment, Bulls Defending the 12700 Support & In Case of Bounce towards the Key Horizontal Resistance (13330) then Right Shoulder Will be Completed.
If Key Resistance got Cleared, Next Stop would be 140000. (New ATH)
In...
OANDA:NAS100USD
NAS100USD 2021 Mar 22 Week
Last week, resistance zone held up convincingly.
UHV Bar 1 sign of weakness appeared, for a good short.
Watch if price can remain above high of bar 2. If so, Bar 2
has formed a support and we may have long opportunity.
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Have a safe and profitable trading week!
wicked the .5 of the purple island square channel. see previous post for zoomed out view of the larger inverse (which is a long way from the neckline - time to see it all develop.
