the market will try to go down to test the point 8054 again for the first step ... and it could go to 7890 for the second target
target 1 : 8054
target 2 : 7890
Congrats on our buy-stop activation to 8000 parameters as we didn't get a breakthrough for the drop, So therefore the bullish trends continues.. However after the buy at resistance for a sell if bottom trend 7700 breaks we would drop to 7400.. If that's broken again we go to 7000.Otherwise a buy back up. Hence note there's a resistance @8000 so we can see a drop...
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Look at the structure it has formed right above the key level of 7400. I see this a very similar structure to head and shoulder but a complicated one while expecting a target around 6950. All we gotta wait for the confirmation...
Traders, NASDAQ100 has showed diveregence and fell down like other major indices. Unlike SnP500, NASDAQ100 has not fallen much. It is forming a pattern which can push it though. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis...
Congrats on our sell to bottom trend-line(Supports) From 7900-7500 on previous posts, However we've seen a break of the inward bullish momentum, And now from inward to a major bullish trend-line so thats why the pending order if major trend isnt broken. Otherwise a break we would see a good sell down to 7000 parameters. Please Like and share your ideas on this...
Madness cannot even begin to describe what three major indexes went through the past few weeks. Fastest 30% drop ever, followed by equally insane three consecutive days of massive gain last week. It felt like the whole stock market was going through the crypto type of rollercoaster ride!
One question remains in every investor's mind... Have we reached the...
As can be seen on chart Gaussian alligator can be seen to be opening bearishly on the weekly chart, with a possible rejection at the top of the ichimoku cloud, it may seem bullish at the moment but in fact this is very bearish. Short at your own risk, big players tend to take out shorts.
We've been playing in this zone for a while now, without dropping too far or going too high.
With Trump signing 6 Trln dollar 'help me' bill, we could see a very aggressive and fundamentally driven NAS100 for a week or two. Followed by another sharp drop. The race will be on then as to what will collapse first, the economy or failure to recover those who have...
I have been looking for buys for the past week or so, seeing that there is a couple of key points that Nas has respected.
I am just showing you my analysis my analysis on the weekly, but you can confirm this on the daily as well.
Candles has been respecting these areas quite a bit.
I missed my entry on 7400 this morning, but waiting for a nice pull back to jump...
Here is our outlook - after taking in the fundamental news from this weekend, we can see a good chance to a short as the US sees more cases.
Risk on approach looks high.
Down to the real technicals we follow -
Supply & demand -
supply has been touched and order block taken, expecting a quick retracement or continuation pattern to the next demand
our graph...
