W1 cycle,The early high resistance is very strong,
Short - term prices appear large probability of a pullback.
Investors can consider shorting near 7670,
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MMHVW - Back at ATH which is also overbought level. It will need a strong volume push to break above and institutional level. We could see a pull back here in the region of 9% minimum. lets see. Probably a good time to long the VIX and VILX which are both in reversal zones.
On the H4 chart of the instrument, a bearish divergent squat bar has been formed. In addition, there were multiple divergencies on the AO indicator, which amplifies the signal. From the Elliott waves point of view, this could be the end of the 5th wave. Going short with good RR ratio using levels that are marked on the chart.
For Bill Williams` strategy...
Russell 2000 futures is offering buy opportunities with weekly demand level around $1523 in control. There is nothing to stop price from rallying to Russell 2000 futures upper weekly supply zone around $1712.No shorts are allowed, only longs at new areas of demand. If you are trading other trading strategies or even options, you can use this Russell 2000 futures...
We can see that we had a similar pattern in History with a Divergence. Currently it seems that we could be looking to repeat that same situation.
We can see that are also approaching a double top, this strengthens our Wedge an The divergence.
Hello to all who watch my charts.
Here today i am check the the Nasdaq 100
A Chart picture says here more than 1000 words says a proverb.
This is good here.
The Nasdaq is in a fine Long Channel
I marked it red
with 2 first support zones at 7530 and 7545 last straight from today
What should you pay attention to:
The Channel should not be left behind in a...
Nasdaq (NQ_F) is showing a preliminary sign that the cycle from December 26, 2018 low has ended. After forming the high at 7544.68 on March 22, 2019, the Index has started to turn lower. The first leg of the decline looks impulsive and ended wave (A) at 7290. Then after a bounce in wave (B) to 7447.50, the Index has turned lower and broken below wave (A) again,...