A strong requirement has been achieved and a very strong support has been broken. Our goal will be pro support, which is considered strong.
The Nasdaq Index (NDX) broke today (futures) above the 1D MA50 (blue trend-line) and that was our condition that we set as requirement on our previous analysis in order to avoid a new sell-off: With the 1D RSI on such a strong rise similar to those of June 16 and January 25, if the 1D candle closes above the 1D MA50 today, we expect at least a short-term...
After the completion of wave a, we have entered wave b in the form of a neutral triangle from the main wave b in the form of a reverse expansion triangle. After a brief down to end the wave c of this triangle, we enter a pleasant rise in the form of wave d.
Following the strong sell that characterised this market in the last two weeks where we were able to scoop about 1,400 pips since my last publication on the index (see link below for reference purposes); we are currently at a critical point at around the $12,000 zone going into the new week. Are we going to be seeing buying potential during the coming week or a...
NB|USE PROPER RISK MANAGEMENT ENTRY PRICE:12500(BUY STOP) STOPLOSS:12300 TAKE PROFIT:13200 NASDAQ has been bullish throughout the week it gives clarity for it to keep going higher as we have spotted a bullish divergence, the beautiful in the analysis showcases how powerful these patterns can be when patience is applied. Please note that not every set up will...
The Nasdaq (NDX) index had a strong rejection these past 4 weeks exactly on the level we projected on our idea on August 04: Right now it is trading below both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line), which were its short-term Support levels and have now turned into Resistances as each have rejected upwards break-out attempts at...
Us nas 100 both upside and downside moves are mentioned on charts ,need good volumes to boos market upside direction otherwise dried volumes can drag market futher downside.
scalping a couple hundred pips. chart explain itself Thank you YHKFX
August closed with a very strong bearish candle with price failing to break 12991 area a very strong area of resistance. The price is now continuing to move down to previous lows of 11391, where if broken will create a new lower low. Keep a eye out for my analysis on the lower timeframes.
According to what was reported, despite the price of the Nasdaq index rebounding yesterday from the level of 12185.00, this will not affect the main bullish path due to its frequent pivot above the main support extending towards 11400.00 and the formation of the 11690.00 level for additional support All of the above makes us wait for the price to gather positive...
As expected in my previous analysis, the drop happened and the potential entry zone hit. The best if it hold above 12,433
NASDAQ is trading in a downtrend And the pair broke a local key level So we are super bearish at the moment And after the retest of the resistance cluster AT 12756 I think it will go further down
The Nasdaq (NDX) index had a strong rejection these past 2 weeks exactly on the level we projected on our idea on August 04: As you see, that level was the 0.618 Fibonacci Retracement level and the Resistance made from the May 05 High, which we predicted based on the symmetrical evidence with the February - March fractal. So far this has been working out...
This is another stock index long-term analysis and this time our focus is on the Nasdaq (NDX). For better illustration we are displaying the Nasdaq as a line instead of candles (black trend-line) and the Put/ Call Ratio (blue trend-line) on the 1W time-frame. First let's explain what this ratio is. Basically it is the number of put options divided by the number...
The Nasdaq index (NDX) has been on a strong rally since the mid June bottom but this week's pull-back is having a good part of investors worried. Well not without good reason as this is taking place after breaking its All Time High Lower Highs trend-line and but not its 1D MA200. However it may be a correction attributed to profit taking and this analysis will...
NASDAQ on the resistance line but can't continue up, strong drop at the level of 13660. My guess is that the rising wedge has broken down in the low time frame. Horizontal line, trend line, will become a strong support zone.
This is an update to last week's analysis as Nasdaq (NDX) is finally putting the long-term Resistance cluster to test. That consists of the May 05 High (13600), the 0.618 Fibonacci retracement level (13666) and the 1D MA200 (orange trend-line), which has been intact since April 05. Basically the whole Lower Low - Lower High leg within the 8 month Channel Down,...