Nasdaq reached a key daily supply zone last week. The market was rejected heavily from that. Analyzing a 4H time frame, I spotted a confirmed bearish reversal: the price formed a double top pattern and closed below its neckline. The index may drop soon to 12279 / 12058 ❤️Please, support my work with like, thank you!❤️
Result for week of 30 Jan yielded yielded 550pts in total for 2 trades. Market was resisted at a previous supply area. Supply has come in to defend the 12987 area, with a potential for market to return to test 12140-11983. Possible scenarios: 1) Long on test and accept of breakout area 12140-11983 2) Short at rejection of 12987-12927 // 12618 Volume...
It looks like the lady will reach even more new heights for the year. But first there will probably be a small or large correction. Here is what I envision.
Hello traders 👋 According to 1 day chart, Nasdaq index is ready to do it's last downward movement. Hence I've prepared my analysis on how to trade in the bearish market. Many said rise from the previous low point; 11050 indicated beginning of bullish market. On the other hand, I think it is the 4th wave correction. Therefore I will continue to do short for the long term.
Td36: Today, the NQ isn’t exactly BULLISH neither is she BEARISH. There’s something of about her structures. There’s an established HIGHER HIGH at 12894 and now a LH showed up as well but there’s no LL. So, I really can’t take TRADES today until there’s a defined structure.
It was amazing how she sprinted upwards. This is my weekly chart. It's almost like I can't believe my eyes. If this is what comes, I will be mildly surprised.
* Here we can see the Next Moves for US100 today, * We're expecting the Mini Move ( PullBack ) before the continuation of the Down Trend, * We're Using STF for a cClearer View of our Analysis, Therefore we can't predict the duration of the moves, * We've got a Major Fundamental News today ( NFP ) at 1:30pm ( GMT + 00:00 ) London Time, * Keep a close eye on...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . The Nasdaq is currently creating a massively bullish weekly double bottom and with this weeks rally already broke above the neckline of the double bottom. From a weekly perspective I am not just waiting for a retest of the neckline, which is then turned support and then I am...
Td35: The NQ BULLS are still in. After that successful break of the 12120. The come back was insane. I can’t tell where the next RESISTANCE will be maybe 12800—But for now, She’s BULLISH.
After the yesterday's rate high, US100 index broke a key daily structure resistance and closed above that. The broken structure turned into support. The index will most likely keep growing. Next resistances: 12769 / 13130 ❤️Please, support my work with like, thank you!❤️
If you have been following, you will recall that I have been calling the buys on this pair for about 2 weeks now..Price reversed at the double bottom as drawn on the chart...Price has been going up ever since....We are currently still in a strong uptrend, and could see more buys..There is currently no structure to the left, to stop price from going up more..So...
Td34: I ended January with 4ws, 3Ls, and 3BEs. Haha. I didn’t think that month would even END well considering how I started. FEBRUARY, The BULLS of NQ came back after that falling wedge pattern and BULLISH DIVERGENCE. 12120 is the mark though she breaks past it, BULLISH baby!
On 5th January 2023, we noted that the breakout above the upper bound of the descending channel would be bullish for the Nasdaq 100 index in the short term. Quickly after that, NQ1! broke above the resistance and embarked on the longest winning streak since November 2021. This recent move-up has been accompanied by market euphoria and overly bullish calls. Many...
There is a resistance here in this chart oh the 4H and 1H frame. so you can enter short here and take some profit from the resistance . In case of getting down you must change the stop manually at the entry . Entering this trade has a great risk .
Price action analysis on Dow Jones. Key levels & momentum. Potential scenarios and trading recommendations. ❤️Please, support my work with like, thank you!❤️
Td33: I mean mere looking at the NQ, you can just tell the BEARS are currently in. However, there’s something that says, “FOR HOW LONG?” and that’s the 11840 level. I mean I can’t take BUYS yet obviously but I’ll have to wait for a proper break of that level to go short. What do you do in a situation like this? I think just wait and see what she’ll do. A break of...
Hello traders , this is my nas100 setup Entry : 11650 target : 12500 stop loss : 11550 setup type Higher higher and higher lows key support level order blocks