NAS defended the first breach of the 4 hour H&S, finding support at the blue circle demand zone. The price action was without a clear pattern. I am waiting for clarity.
Nasdaq analysis Daily/Weekly TF
Nasdaq is back at this very crucial point. where the price has come many times this year but failed to break. Will it break this time? You can see on the left hand side the weekly timeframe how many times it has come and touched or attempted to break but failed everytime. On the right hand side we have the daily timeframe we can...
this H&S has been developing the entirety of 2021. A confirmation would result in a major correction. This neckline is the new line in the sand. A very important overnight session on tap
NAS and SPX both saw mini H&S patterns confirm during the overnight session. Both have Blue Channel resistance at .35/.382 which will be on top watch if we break bull. This would negate the bear flag NAS is in. There is a potential larger H&S on watch if the GME gains traction and dealer/funds begin to move assets to cover.
Hope this idea will inspire some of you !
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Seeing the H&S pattern repeat and confirm across timeframes gives me hope for simplicity in patterns moving forward. 2020 was the year of the Diamond, a fundamental yet challenging pattern to play. Now the Diamond's more predictable cousin the H&S is making a comeback.
The outcome the initial jobless claims has got me feeling extremely bearish on the nas100 and once the technical support structure can break ii will be lookin for a sell opportunity to retest the weekly support levels.
Nasdaq came down nicely to 13700 yesterday. Today if it for the bulls to come back we will need a break of 13800, If it fails to break 13800 then we may see more bear bring price down to 13700-13600.
Hi everyone, so the market has come exactly where I did say I will come on my previous analysis couple days ago. It was a slow stroll yesterday with all the reactions from the news. We are at a crucial point on nasdaq, a break of this 13585 resistance we will see a new high, 13700-13800, however the market may pull back before breaking this resistance. If we do...
In line with dollar index analysis, looking for the nasdaq to gap down, potentially fill gap over Asia session, break support, look for a pull back for a viable entry then a continuation downwards.
