Extended W Formation has formed on Nasdaq.
SImilar to Dow Jones.
They seem to be leading indices which could drive up the JSE ALSI 40 along with it.
We need to bne open minded for potential change ahead but trade according to what we SEE rather than what we feel.
Other indicators are showing upside to come.
7>21>200
RSI>50
Price breakout downtrend
Target 16,500
As you can see by your self the bearrish period ends at 26 October and we joined at this week at a small bullish trend.Is time for bullish actions and here is one idea of a good trade.Enjoy!
Expectations for Nasdaq: Bullish
Stop Loss: 14964.25 (indicated by red dash line)
Take Profit: 15404.63 (Bonus- 15474.63)
Support and resistance areas this week indicated by orange lines.
Prepare > Prediction
NASDAQ 100 Weekly Analysis!
Bullish View on NASDAQ 100!
NASDAQ 100 Expecting 14000 Level!
NASDAQ 100 Moving as per Double Bottom Pattern Analysis!
NASDAQ 100 formed a Double Bottom Pattern after a decent downtrend. The index gave breakout to the neck level and did retest to it. After that index moving in upward direction. Now price is moving in a range like...
SKILLING:NASDAQ
This could be a break to the upside of 12127.00
If this goes up, it could break the next price of 13000.00
My crazy prediction is the price hitting 13721.8.
Let me see how it goes.
Brand new day. It's "Wednesday" in Nasdaq100. Not the best days.. especially since the news mostly interupts. The lady is still in a downtrend-range.
One that is filled with, Lhs and Lls. My bias remains bearish till a CIS (change in structure) which is: a break past Lhs and new Hhs/Hls are visible.
Let the market decide, always!..
December: 2W (2 trades)
his could be a break to the upside of 12127.00
If this goes up, it could break the next price of 13000.00
My crazy prediction is the price hitting 13721.8.
Let me see how it goes. SKILLING:NASDAQ
