I posted this wedge a few days ago in my US indices analysis. Looks like this wedge might brake today. If we see a good push down below the wedge, it could be real and that the (temp) high might be set now
Here we can see the September high and the current high, both times the Nasdaq was having a very hard time to make new highs at the end. My previous post on the Nasdaq, where i showed a potential double top, has not been invalidated yet. This is because that double top has formed into a bearish wedge. So unless we see a strong break up coming days, we will get to...
Lately, I read RIDICOLOUS posts where analysts are stating that 2019 will be another year of records for the American Market.
Come on, let's be serious!! LET'S BE SERIOUS!!!!!!!!
Just have a look at MACD and its AMPLITUDE! Do you see? Look how extreme it is! ….. go back in time.... I have posted a red line to check last time it was extreme !!!! Same...
In my previous analysis i posted a nice bear flag for the Nasdaq', which played out quite well at first, it broke and accelerated down towards that big support around 6600. But eventually buyers stepped in again and pushed the price up, even inside the flag again. There i mentioned that if that resistance would break, it probably meant something else is going on....
If you want to know where the American Indexes are going to head into, just have a look at Bitcoin at the end of 2018 and Wirecard ( a German Stock ) and you will finally know what is going to happen to the American Indexes on the next months.
At the end of 2018, I predicted the collapse of the Bitcoin ( my target is still 1000 USd for the next...
as you seen in our chart :
- NVDA share is targeting 212 to complete the harmonic bat pattern
- the share broke the moving average 50 which is give us additional reason to buy
- the best price to buy when the price retest moving 50.
I'm watching the NASDAQ as it's approaching an area where I would like to take a short.
I think that it is possible the NQ is still due a violent wave C. This is because the volume on the leg down is much higher than on the rally that has followed.
Therefore I am expecting a failure to achieve a new high followed by a move to down to find support.
If we get a...
07's top had a 24% drop followed by a 19% dead cat bounce before plummeting 50% into recession. It's now 2019 and we just had a 24% drop followed by 19% bounce into resistance. Is this 2019's dead cat bounce before more bearish momentum? For me it's boom or bust at this level! If we break resistance I believe we will continue to new all time highs. If we reject...
I started trading in 2013 and I followed the American indices, SP-500, DOW-30, NASDAQ - 100 (they look about the same) .European indices DAX-30, IBEX-35, FTSE-100. And each of them shows the economic situation of the country .
I love Economics, but what I've seen over the years – it was a bubble blowing, a cycle. Now there are a lot of offers to invest in shares...
LOW RISK, HIGH REWARD.
Although there many be many negative articles surrounding these main stream micro chip stocks, we can see huge upside comparable to risk in these names.
See chart for trade configuration
Sept 2019 forward buy and hold... *********
Based on fractal of early 2000's where tech stocks were also on a parabolic run and broke the curve we could NASDAQ retrace to Elliot Wave (4) support which also aligns with major structural trend support.
We can see a basic bearish wedge/flag here, with volume dropping during this rally. Also against a big resistance zone now. So i am going to short it here and will increase if the wedge breaks and prob increase if the low breaks as well. This position is something i will prob keep for several months.
I've been covering the S&P pretty heavily since Oct' was getting short in Sept after the first bearish weekly close we had seen leading in to this (https://twitter.com/Fab00se/status/1037716495697170432)
I think we're getting to the point that things are so bearish, that the establishments are going to do whatever it takes to save this thing, which is only going...