This is obvious IMO but posting it just in case....
Last week Friday closing confirmed the weekly breakout of price action from a previously trading range. Trading range was 40 weeks long where we saw major buying and selling of the stock, which is also called Value Area. As per the volume profile, if any stock's price action moves above the value area then it signals a buy opportunity which we could see at...
Setup could break away fast
When we have strong trend market conditions, it's a wonderful time for making huge profit. Here there is a sample of profitable long trades which were based on the signals of my trading strategy, when a lot of traders thought about the price retracement from 4700 level. I also thought and wrote that only short trades could be near possible reversal zone. But the...
NAS 100 Rising Wedge Longterm SHORT POSITION OPENED TP1 4400 Flat
NASDAQ 100 - Long to 1.618 extension, buy break of consolidation for new impulse up #nasdaq #nasdaq100
Will Microsoft beat the historical top directly or will take an extra correction move first?... We will know very soon!
Apple looks poised for the $100-101 level breakout Volume: - Volume has traded below the quarterly average for the past 10 days , consistent with apples post-Brexit bull run. Low volume is a bullish signal as it indicates investors do not want to offer their apple risk at current prices and wish to hold for further upside before increasing their offering. -...
Bearish Flag is appearing on the charts, there are lot of euro data's in this week, we can sell the break below of the channel for 141 extension as initial targets...
The Nasdaq is the only major index that hasn't participated in the All Time Record Highs Fest... The Index is lagging behind the Dow and S&P and it is slowly approaching it previous highs near 4600-4700. The first potential sell zone is 4600-4700 - Triple top (weekly) is definitely something that can stop the Nasdaq from advancing to new highs territory....
SPX500 finished an impulse 5 waves and is about to retrace to 2112.
End of Week Summary: 1. On the week we saw risk outperform safe havens for the first time since the brexit vote and the SPX and DJ30 set new all time highs by 2% and 1.2% respectively - somewhat encouraging given this was the longest period post-crisis that equity indexes have had since new highs, with a total time of apprx 1 year. 2. Given the articles...
The NASDAQ 100 tends to follow the S&P500 and Dow Jones 30 over the longer-term. The market is lagging behind, as in comparison to the other two. With this, I think 'catching up' is the likely outcome. I have drawn a 'W' on this chart which is bullish, and the dashed line shows the point of potential break out. The target is to reach at least the 4720 level - the...
Bearish divergence is an amazing type of signals for opening trades against the up trend. Sometimes it's profitable and allow to enter in the short trade near the top of the market. Entry level is 4564, stop order should be placed above 4590 and target 4535.
Just Technicals - 1- Lower Top, Lower Bottom 2- Bearish Flag 3 - Near Trailing MA 4 - Can Magnet to 41.90 before Taking Correction