In the week ahead the known event risks are less impactful than what we faced last week, and we see catalysts that are more idiosyncratic to a set region. The RBNZ should hike by 50bp and indicate more is coming, and while much of this hike is already priced, I favour following the technical breakdown seen in EURNZD, GBPNZD, and GBPAUD EURAUD.
We get UK jobs...
Hey traders,
As I predicted, SPY nicely bounced on Friday.
Now the price is heading towards the next daily resistance.
Here are the key levels for you to watch next week:
Resistance 1: 4290 - 4400 area.
Resistance 2: 4500 - 4515 area.
Resistance 3: 4609 - 4639 area.
Support 1: 4150 - 4200 area.
Support 2: 4075 - 4100 area.
Support 3: 3900 - 3940...
Hello friends
.The price is in the resistance range. So we will have two scenarios
.Price is in an important decision-making range
.We will look for signs of a price reversal or breakout
.The direction of movement is shown in the chart
.📢 Please follow your strategy, , this is just my idea
.🙌Please do not forget the ' like' button & Share it with your friends
.✍ I...
While looking at the current Fibonacci retracement chart on NASDAQ, I couldn't help but notice the levels don't match up well with support and resistance zones. I started to move the bottom point to different areas and at $9.3k everything seemed to line up nicely. I did the same thing with Bitcoin back in December and found that the levels lined up better around...
Hi Traders,
QQQ is sitting on major resistance level 330.31 which is high of May, If tomorrow market open positive and might can touch May 18 high 335.63 level
Note - Friday volume was less than Thursday
NAS100 USD NQ1! NASDAQ 2022 Aug 15 Week
Last week's channel rejection trade
and long on test of 12948 is good.
Long on retracement remains preferred strategy.
Possible scenarios:
1) Upward channel continues for long on retracement.
2) Shortening of Thrust observed, upward momentum have be weakening.
Market may present temporary short opportunity.
Weekly = ...
Hello friends
.Update analysis
..Trade Close:Target Reached
TP1 AND TP2 REACHED
..You can view and compare the attached chart and analysis
..Follow me to see more analysis
ETHUSD
The second crypto by market cap is in a very interesting graphical situation.
1) The price is channeled in an Down channel, which by default breaks upwards.
2) RSI is crossing UP 50% higher which is a strong buy signal.
3) The price after breaking the first resistance (lower red box) is breaking is heading towards the next resistance (the upper red...
Nasdaq (NDX) is coming off a (near) hit on the 1W MA200 (orange trend-line) last month and the rebound is now closer than ever to test the 1W MA100 (red trend-line) for the first time since April 05, where it was emphatically rejected. This is something that we outlined on our previous NDX analysis that was on the 1D time-frame:
This time we present an...
TL:DR
The NDX & Yeild Curve Inversion Pattern suggests that price is bouncing very technically and logically at a long term support trend line. The bubble phase will be complete when price action gets a lot of "white space" between itself and the trendline and the yield curve inverts again in about 2 years.
Introduction
There is definitely a lot of...
I was greedy and selfish and didn't listen to my own advice. Close the laptop and go enjoy the week.
This weeks lesson
- Follow my own advice and do not question my authority
- Having foresight for the next week, makes it easy to prepare for the movements of the week.
- Learning doesn't stop even if you have profits for the week
Hello friends
📉Based on the chart: Important levels are marked
.Price is in an important decision-making range
.The direction of movement is shown in the chart
.We have two scenarios and we are waiting to choose a certain position
.📢 Please follow your strategy, , this is just my idea
.🙌Please do not forget the ' like' button & Share it with your friends
.✍ I will...
We can see that we're on the C wave now, which is made up of 5 subwaves. We are currently in wave 2 which appears to be an expanding flat correction. Watching for price to come up to our sell zone and reject.
Trade Idea:
- Watch for rejection of sell zone and/or fibonacci
- Look for lower timeframe trendline break
- Enter with stops above the recent highs
-...
This is an update to last week's analysis as Nasdaq (NDX) is finally putting the long-term Resistance cluster to test. That consists of the May 05 High (13600), the 0.618 Fibonacci retracement level (13666) and the 1D MA200 (orange trend-line), which has been intact since April 05.
Basically the whole Lower Low - Lower High leg within the 8 month Channel Down,...
after pinbar comes on 1hour,4hour or daily dont fear pick LOW SIZE buy SL=PINBAR LOW
note = I always (on gold,dax,dow,nasdaq) pick buy only above green arrow + when pinbar comes SL=pinbar low always ,,,, under red arrow we can sell but we need clear pinbar
good luck , dont close your buys sooner than 13600 ,,,, nasdaq with zigzag can reach fibo 61%...
