The market is coming back to its previous bullish trend, two proves of that:
- Nasdaq is already in neutral territory YTD
- Volatility is around 48%, well below its peaks
- Some companies, specially American technology are regaining ground effectively sooner than expected which is also good news.
The two pillars within this environment that are working are...
Short Term Elliott Wave view in Nasdaq suggests the rally from April 8, 2020 low is unfolding as a 5 waves impulse. Up from 4.8 low, wave (1) ended at 8326.25, and pullback in wave (2) ended at 8073.25. The Index then resumes higher in wave (3) towards 8710. The internal subdivision of wave (3) is in 5 waves of lesser degree, as below chart shows. Up from wave (2)...
Big Congratulations fam on our massive buy as We've reached 9000 target from 8600s parameters as said on previous posts.. Support with a LIKE & FOLLOW. However now we on a strong resistance parameters, I can still see a break upside to 9200, But still waiting for Reversal(Candle/Patterns) So follow me and stay tuned for next updates., Just an update, Next post...
The Fibonacci lines up perfectly to 2008.
There are no such thing as coincidences.
We are approaching hard resistance area at .702 retracement.
Be prepared for an incoming -50% drop.
Void if breaks .786 retracement zone.
Comment and Like!
NASDAQ still on the road to 9000, So What we seeing now are short bearish retracements as expected and said on previous posts, So short sells, Long buy to 9000, So lets keep taking advantage scalping, Holding sells shortly and more buys positions, However if 8500 broken we would drop to 8000.. As ive placed the crucial break/reversal points and labelled with...
Idea for dell
It can be seen that there was a failed cup and handle breakout previously
Will this newly formed cup and handle fail also?
Currently sitting at fib resistance, 0.786
nasdaq heading for $9000 region after forming a new buy trend gaining weight under the midst of covdi19 fears
follow me for more update and more forex education
After a market meltdown, we are now in the situation of a nice correction, price action creating a W pattern and reached previous major gap opening.
Furthermore, from a technical perspective price reached the 61 golden ratio fib of the previous impulse, aligned with the 200MA and of course, previous structure which means there is a very high probability of...
I LOVE NASDAQ, Congrats fam on that good BUY seen to Top BULLISH trend-line TP at 8500 from previous post, As TP1 - 8300 & TP2 - 8500. However now fam listen carefully to the simple trade idea, From this point we expect a good sell to 8000(Bottom trendline) respecting the bullish trend-line, Hence trend-line isn't broken. If a break is seen upside we go up to 9000...
Hi there. Price is forming a possible continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
