looks like margin call ? i hope no lol, better take the day free today
Head and shoulders pattern on the NASDAQ? May be a significant correction is ahead in coming months... Let's see!
Right time to set your order. Mine: -Bought at 16122.91, with no leverage effect. -Stop loss at 15865.00
The 22 and 26 of november I have started to short the Nasdaq100. On the 26 all my technical indicators turned bearish. December the 3 the N100 has lost 7.3% from his previous high, and went widely below the -2DS of the Bollinger Band. Surprisingly between the 6 and the 7 the N100 took +1.78%. That's the biggest up-gap since march. Moreover in a bear market... When...
It starts to look like a head and shoulders. Look carefully at the levels, on the previous year each time the line was crossed, the trend tumbled toward the support. By the way I am resolutely bearish since friday (due to my technical indicators, which were the subject of my last post).
One idea: trade the trend. 4 indicators: net volume + (SAR and/or Squeeze Momentum and/or MACD). All are saying the same thing: it's the beginning of a correction. Reliable since the beginning of this channel. Enough reliable to put 2x or 3x leverage. Choose months ago (I was waiting for the right time). Target: the support round december the 13. Look at my...
SPX500 and MMTH : a lovely correlation. Enjoy the beauty. No needs to say more, DYOR and peace
The NASDAQ (NDQ/USD) composite index bounces higher off the back of TESLA landing a 100,000 EV order from Hertz. Moving forward, many big tech companies will be posting their earnings results in the coming days, such as; Apple, Twitter, and Amazon. Should their results beat expectations then the NASDAQ will likely see fresh highs and a continuation up to...
Still higher lows, trend lines are holding W/ false break out last week. We have OPEX week we could see some volatility as usual since covid's low. Breaking the down sloping line we need something bigger than OPEX volatility to do it.
If this is to play out as an ABC we would probably end up @ the same place of an WXY the only big difference is the internal interpretation of different Elliottions of how to count the smaller degree waves.
1/ Previous low 2/ Down trend line. 3/Intersection of 2 resistances
Double and Triple ZigZag Rules: Double (DZ) and Triple (TZ) Zigzags are similar to Zigzags, and are typically two or three Zigzag patterns strung together with a joining Wave called an x Wave, and are corrective in nature. Doubles are not common, and Triples are rare. Zigzags, Double Zigzags and Triple Zigzags are also known as Zigzag family patterns, or 'Sharp'...
130-128 could/might be a trough !!! -If this is even playable here, then it means Elliott could/might be a triple zig zag WXYXXZ.
- If this is an actually playing as a WXY, double zig zag, the the ideal trough area using both large/small degree counts would/could/might be in Red boxes below 1 & 2 common ground !!! -Or it could be WXYXXY, triple zig zag
Where to first? Sept 17 2021, Witching Day We anticipated a retest of 15360 that hasn't occurred yet but NY has opened bullish, pre-sales have opened today on the new iPhones and will be in-stores next week. Stop's at entry upon shoulder completion, as we could push down thereafter, basically, then a completed head and shoulder formation, creating a double bottom...
Watching the Nasdaq 100 closely his morning after last weeks close super bullish on the big techies right now on this grind line and seeing a potential break this week. Short term play for me is on the NAS100 but also trading the NDQ on spot for now as more of a long term position trade. Markets may be over valued but i dont see them stopping any time soon with...
NAS100USD- Rising Wedge, 60% chance of bearish breakout (link to details below). Bulkowski research. thepatternsite.com
NAS100USD - Testing times (Upper limits)