I believe that the downturn is certain and the American economy will enter a recession
The primary expectation is that wave X has finished and that we are doing wave Y. Wave Y is unfolding as an ABC pattern.
The primary expectation is that wave X has finished and that we are doing wave Y. Wave Y is unfolding as an ABC pattern.
The primary expectation is that wave X has finished and that we are doing wave Y. Wave Y is unfolding as an ABC pattern.
It's clear the mega-caps are the only thing holding this market up right now. The 50day SMA is acting as support for QQQ while simultaneously acting as resistance for the broader NASDAQ IXIC.
Unfortunately i couldn't post this at the time of the entry, however the trade is still equitable if taken now. Nasdaq short for reasons shown on the chart. Comment any questions you have.
The primary expectation is that wave X has finished and that we are doing wave Y. Wave Y could unfold as a WXY or ABC pattern.
Nasdaq Currently training above Support Zone on a daily , Daily Candlestick (25/09/23) Closed high , So during the Sidney & Asian market could possibly consolidate , and except market to start making a bear move during the London session . Possible buy level between the 50% & 61.8% Fib level.
The company with the highest stock market value, will continue to be a good investment. In the current correction, the area around 167 should represent the bottom. After that, the price should continue to rise in the direction of 1.00.
Taking a look at the NAS100 currency pair, a significant development comes to light: it has reached a pivotal support level following a substantial bearish trend. At this juncture, it becomes increasingly evident that the NAS100's price has over extended, potentially indicating an imminent retracement. As is customary, the accompanying video in this description...
The primary expectation is that wave X has finished and that we are doing wave Y. Wave Y could unfold as a WXY or ABC pattern.
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
Stockmarkets and Indices could get very interesting starting this October here are my observations....
Looking to play tech for a bounce here. Demand Zone is sourced from 60-minute chart within the context of longer-term timeframes. As overarching market structure is somewhat of a concern, look to harvest short-term profits quickly and leave runners for intermediate-term swing long if able. Safety first!
Ok so we have a lovely completed bat on the NASDAQ, personally, I like TP1, TP2 I will be bringing up my SL after Tp1 hits. Have a look into correlation, it's very important. You see I'm waiting to add further sells to my gold trade, and seeing the Nasdaq going up makes me happy. Published 22 Sept 2023 09.15am UTC+1
CAPITALCOM:US100 tapped & held above confluence. US Flash Manufacturing & Services PMI release could bring in some big swings in either direction...however intuition tells me majority of implied volatility will manifest next week with US data points: Wed - CB Consumer Confidence Thurs - Final GDP (q/q) | Unemployment Claims Fri - Fed Chair Powell Speech | Core...
hello guys , as i previously analyzed last weekend on the weekly tf nasdaq or us100 is very bearish in my eyes. as i predicted perfectly the price closed below a bullish trendline and it failed the create a higher high also forming a double top. i highly highly request from you that you take a good look at my last week analysis today on the daily tf it...
CAPITALCOM:US100 consolidating in a bullish pennant formation. Trend-line + 23.6% Fib confluence support. Jan 2023 parallel channel / lower range secondary support. TBC.