Pair : US100 - NASDAQ Description : Bearish Channel as a Corrective Pattern in Long Time and A Breakout of the Upper Trend Line Divergence Break of Structure Rejecting from the Demand Zone and Retracement Completed Completed " 12345 " Impulsive Wave and Making its " A - wxyxz " Corrective Wave
NDXUSD is in bearish trend as it is printing LH & LL so we took entry on LH following the inside bar candle
Yesterday i talked about 3 scenarios where one of them was we break below the double bottom support at 290 area for QQQ and bears have no follow through and we V shape. Essentially its exactly what happened bears had a nice overnight drop and pre-market control, the moment market opened bulls took over filled the gap within the first 30minutes. - Red flag for...
Great idea but execution was just too early or SL not big enough. So we learn and we do better next time
• Nasdaq rebounds but bond markets continue to signal “risk off” • Stronger US data further boost hawkish Fed bets • More rate hikes and longer contractionary monetary policy should be bad for stocks The Nasdaq bounced off its earlier lows along with the global market after the US cash open. But with bond yields breaking further higher, there is a risk we could...
Peace be upon you, merchants. The Nasdaq market is in a negative state. with a fracture. Model double BOTTOM. As well as breaking the bullish trend. There is a possibility of re-testing. The price is 122800. and re-descend. to the level of 11800
Td52: The NQ bears came in yesterday for the NY so I didn’t really get to TRADE yesterday since my bias was different compared to what NY provided. Today, she’s remained BEARISH with LHs and LLs. If she breaks past the 11824 then we’ll have more bears but that can also change.
Woah😮😮😮😮😮 Not sure if I posted this but this was a thought I had but trade I was not going to take. It was an amazing opportunity but because I was already in GJ & UJ it would have disturbed my plan so I stayed out. Just practise to further sharpening my skills.
Td51: New month, New formation. The NQ bears and bulls are at equals as there’s a range in the area. More on the BULLS side though because of it’s structures. However, I can’t take buys due to the formation currently. I’d have to wait for a BREAK to decide what to do next.
I have drawn two different support lines (I name it "higher" and "lower" support). One regards the monthly closed as the low point of the support line and another one regards the monthly low as the low point of the support line. The higher support line is clearly broken and is retesting (breakout n retest) while the lower support line still holds and has provided...
Td50: Last day in February and the NQ bears are at it again. Late entry so I’d have to wait for the break. Which is more DANGEROUS because continuations are quite easier to get than breaks. Anyway, let’s see if the process is smooth or I’d have to wait. Till then, It’s BEARS!
I'm in on a long position of My entry position; 12200 My Target;12800 I'll scale in my order as the trade goes further. If you are not so sure of taking the buy right now you can wait for a break above Lets wait for a break above; 12200 then you take profit when we reach the target. Use proper risk management, do not risk more than 2% of your account. Just do...
Td49: Yesterday, NQ gave me a crazy fake-out which I didn’t get to take a TRADE because it occurred at NY. The BULLS didn’t pull through. Now, There’s all this “LOWER HIGHS” with no fool proof of there being a continuation to the downside. If she breaks past this low, then, YES.
Welcome . Quick deal. An opportunity to sell NASDAQ. with an ascending channel. There is a strong trend. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas, thank you
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe Nas100 is currently retesting a quite obvious weekly previous resistance area which is now turned very strong weekly support. In confluence with a recent trendline breakout and also a bullish ema-crossover I do expect at least a short term rejection...
This is just an idea about what to expect next week about NAS100 since it has been trying hard to break the upper trendline making fake breakouts, so we´ll be expecting bears for couple of days before going back to the bulls
NQ1! NAS100 NASDAQ 2023 FEB 27 WEEK Did you take the Scenario2 short from 12271? After the breakout, market is back to test previous rotation zone. 11706 will be critical to sustain the breakout. Possible scenarios: 1) 11706 support holds + higher lows = long 2) 11706 becomes rejection = short on test and reject Volume Analysis: Weekly = Lower vol down bar...