NASDAQ:NDX Entered the BEARS and it is likely to reach 11222.8 Resistance before going up again. Mybe this time it will break out of this wedge.
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Nasdaq Index formed a huge head and shoulders pattern on a daily. Its neckline was broken yesterday and the market closed below that. It may initiate a bearish continuation. Next supports: 10900 / 10700 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Trust day 3: The Nasdaq100 went bearish to bullish after yesterday's failed Ll. Hls were formed and she ended up having, a BUD, Hl, and a broken Lh. My bias is bullish for today because the current structure has broken past the previous Hh (50%). December: 3Ws 1L (4 trades)
I'm still waiting to see nasdaq100 in 9000 at least. However near target is 10.000. To easy)))
In retrospective the exit zone above 12,230 was a strong spot to sell. We can see on this chart that the December top was the same parallel channel drawn down from April. I don't see this channel continuing forward, however I do see us entering under 11,000 shortly.
$DJI distribution continues Party over for $NDX Technically, NO PUN INTENDED, never really had one $QQQ also shows distribution
Downward Trend should continue for the short term. Rebalancing takes affect on December 19, 2022. RSI has remained below 50 as well.
I still see downside in 2023, the chart is showing a similar pattern to the DOTCOM BUBBLE. I just see bear market rallies and some considerable time until we see a major trend reversal. We have just finished the 2nd BUBBLE which was led by the creation of BITCOIN which was born out of the Financial Crash in 2008. The age of low interest rates are also over and...
Primary Chart: Potential for Symmetrical Pattern in Two Major Segments of Decline Shown by Roughly Parallel Price Paths in Orange Many recent posts have contained a great deal of written analysis and explanation. This post is intended to be a chart-heavy weekend update on the NDX as reflected by its well-known ETF ( NASDAQ:QQQ ). This post will be far more...
Yesterday, prices rose across the board, with Nasdaq 100 index rising almost 5%. This move came amid a dovish interpretation of Jerome Powell’s speech by the market. As a result, the abrupt price action invalidated our assumptions about the potential top of the bear market rally. Illustration 1.01 The daily chart of QQQ is displayed above. The yellow arrow...
NAS Outlook for week of 12 December - Bearish! Structure was broken to the downside, intent and order flow is bearish on the Daily and H4. I've added some key areas where I'll be looking to sell and take TP.
NASDAQ - Intraday - We look to Buy at 11678 (stop at 11608) Intraday, and we are between bespoke support and resistance 11678-12244. Dips continue to attract buyers. Economic figures could adversley affect the short term technical picture. The sequence for trading is higher highs and lows. Our profit targets will be 11878 and 11938 Resistance: 11720 / 12244...
You know how you get to see all the headlines when browsing through TradingView's homepage, impossible to avoid. We love it because it gives me so many ideas... "Microsoft Better Than Hot Bread". "Microsoft Develops New Air Conditioner That Will Override The Fed". "Microsoft Comes Up With Better Than Bacon". Etc. It is very misleading, that's our point. ...
I keep asking myself... Are these companies really going to crash? Is everything really going to hell? If we go by past history then yes... I've been reading charts for a few years now and when looking at them long-term, especially the traditional financial markets, they read like an open book. If the signals are pointing down it goes down. Only cryptocurrency...