There are looming risks that could "break" the US economy and end its current growth cycle. Third-quarter GDP estimates are tracking above 5% and the US economy has added more than 2 million jobs year-to-date. But there are three looming risks that could "break" the stock market and economy and end its current growth cycle, according to a Tuesday note from Ned...
We got our confirmation that wave (4) in the higher time frame is not finished yet. Now we are looking at three bearish scenarios in the higher time frame. In the lower time frame, we might first see some more upside before turning down.
We got our confirmation that wave (4) in the higher time frame is not finished yet. Now we are looking at three bearish scenarios.
I closed my short position on Friday. There is a little more room for downside, but we are basically on support. I will follow a wait and see apporach today and tomorrow. Top of the wedge will be the target if some market strength returns. If we break support to the downside, a failed retest of the breakout line will be a good place to short. I am cautious in...
US100 - Intraday Levels close to the 61.8% pullback level of 15365 found sellers. There is no clear indication that the downward move is coming to an end. A Fibonacci confluence area is located at 14546. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 14955, resulting in improved risk/reward. The medium-term...
We believe that wave (4) in the higher time frame is not finished yet. There might be more upside but in a corrective way to finish wave X. Once wave X is finished, downside will follow as a wave Y.
--------------NASDAQ/NDX/USTECH100------------- Amidst tensions there is one final hope indexes can turn around and continue their route to the upside instead of biting the dust. Now or never I would say. If current support levels don't hold price, nothing will and we will see more downside movement. Based on that I closed my hedge position and if it proves to be...
Done cooking the lows, perfectly align trend. Now im expecting higher moves only if price reach that zone/line. Higher expectation trades is not my goal but my idea is. Trade at your own risk This is not a financial advice
We believe that wave (4) in the higher time frame is not finished yet. There might be more upside but in a corrective way to finish wave X. Once wave X is finished, downside will follow as a wave Y.
------------NASDAQ/NQ/USTECH100----------- I just went long on Nasdaq index and looking for further upside movement. From fundamental point of view I can say investors expect no more rate hike this year or in the near future. War news outside the US does not really affects this market. From technicals I can see a higher chance to go upside rather than downside at...
my entry points in sp 500 waiting for confirmations just trade with low risk beacuse this entre with high risk
In this video, we conduct an in-depth analysis of the NAS100. Taking a close look at both the weekly and daily timeframes, we can see the emergence of a prominent topping chart pattern characterized by a sequence of lower highs and lower lows, prominently visible on the US100 daily chart. In this video, we delve into various facets of technical analysis, including...
The impulsive structure up starts to seem unlikely. Overall, we believe there will be more upside but in a corrective way. This suggests that wave (4) in the higher time frame is not finished yet.
-----------NASDAQ/NQ HEDGE----------- I had to hedge my previous position as chart bacame a bit nasty. It needs to settle down. We will see. This is not a financial advice, do your own research and analysis.
The impulsive structure up starts to seem unlikely. Overall, we believe there will be more upside but in a corrective way. This suggests that wave (4) in the higher time frame is not finished yet.
NVDA Can Fall: NVIDIA hit the 161.8 Fibonacci extension and took a little correction. It has been consolidating for some time but also forming a diamond pattern. Although this pattern is not one of the strongest, if it plays out, the market can fall below the FCP zone. Or even the previous high level with a 200sma (daily time frame) confluence and trend line....
In the higher timeframe, we have completed a WXY correction and this can be the end of wave (4). However, in the lower time frame, we are missing one more swing up to identify an impulse. If we do not get the additional swing up, we will probably see more corrective price action as a wave (4) and take out the low.
The QQQ has been trading at the PCZ of this Bearish Shark for quite a while now and it has recently come back to make a 3rd Consecutive Lower High with Hidden Bearish Divergence on the RSI and looks to be ready to confirm it as a 3 Falling Peaks Pattern that I think would result in a major move down towards the 800 EMA or even lower down to the pre-2022 levels.