Nasdaq Composite stays in the long mode and tries just now
to make new highs.
For all who are in trades here i have marked some aereas
In addition i have added a blue Trendline which is far away at the moment
but we have to look these line in the next week.
At the moment all okay for Longs.
If you want to support my work please like...
Hello to all watching my charts.
Today i come back to my NASDAQ Future which is in SHORT mode
at the moment since yesterday,
There it has been a break of the major up long trendline
and after that a break of the major support
Since then we are SHORT
First sign of strength should be a climb above the
upper shortttime trendline of my system at...
Nasdaq closed very bullish on Friday and almost at the resistance. Right now I can't predict where the market is going, though we have a possible 3rd touch on resistance but could also break out to continue the uptrend. All we have to do is to be patience and wait for the market to give us a clear direction before taking entry. Good luck guys and have a great...
OANDA:NAS100USD I Have checked my index and finally came to conclusion that I am going to sell, looking at the 1D chart a formation of a bearish movement seems to be continuing, though there is a possible retest to the 7773.00 area, my final confirmation to this pair is to sell it and hope for the best until my target at 7465.20
OANDA:NAS100USD Looking at the Nas100 4Hour chart, I see the indices has finally reached the level of its resistance which is at 7722.6, it will now dip down to a level of support around 7619.6, with my final target at 7440 I am selling nas100 now
NDAQ has completed a bearish shark pattern.
The volume profile is showing that stock market traders are not interested to trade here.
The RSI is overbought and turning bearish.
The MACD was strong bullish but now it is turned weak bullish.
Atif Akbar (moon333)
Elliot Impulse Wave followed by an expanded flat correction with fibonacci analysis.
Wave (b) is 1.382 of wave (a) and wave (c) should be 1.618 or 2.618 of wave (a), which would align with the .382 or .618 retracement of wave 0 - 5
In addition, bearish divergence on the RSI with a HH on the price and a LH on the RSI.