Yes this is contrarian, markets are booming but it's quite overextended and going long at a top is the most monkey trader thing to do. I'll do a reverse analysis where I start with the intraday and follow up with the daily. So here's my take on things: What's on the intraday chart? (Follow the steps) 1) A 4 hour bearish FVG. This will serve as my entry zone. 2)...
just follow the trend .. nothing more nothing less _____________________________________________________________ don't forget your risk management follow for more :))
Please check the price action before entering the trade
Nasdaq en-route to Correction to 'C' wave around ~12K target point.
Here is the Dow / FAANGs; Obviously the FAANGs being in much worse shape (price-wise) than even the Dow. - At least for now. Here is the Monthly; Here is the Previous Post; Made a lot of money in here already!
Further to my previous idea on the NASDAQ it's looking like a top is in place. Similar to the DOW I am expecting lower prices. Having the confirmation of 2 charts is also important. You should always be care when trying to use one chart to confirm another because this leads to confirmation bias. Just make sure you understand the waves because it will be the...
Looking for a possible head and shoulders to form here. Fib spiral of death also supports this.
we see double top on nasdaq and about to go down to 8350 so let take sell opportunity right now dont forget to follow me and inbox for forex education