Today witnessed a robust bullish surge in the Nasdaq with a cup and handle pattern (Very similar on the S&P500 too). Introduced in 1988 by analyst William O’Neill, the cup and handle pattern signifies a bullish continuation pattern activated by consolidation following a robust upward trend. While the pattern requires time to evolve, its recognition and...
- The Nasdaq 100 index declined 2.60% last week, yet closed above the 14,000 major weekly support. - Ahead of the Fed, quarterly bond sales plan and Apple's earnings; the mentioned support (represented in both: the 50-EMA and the downward channel's lower boundary) would play an important role in deciding the market's path on the short/medium-term. - The...
USTECH Trade Plan Timeframe: 4H #NDX100 #NASDAQ #USTECH #TradingwithBelieve #TradingOpportunity #Divergence #TradingSignal #USTECHtradingsignal #Forex Hey traders! 👋 Let's dive into a potential trading opportunity on the USTECH pair using technical analysis. 📊 📉 Previously Bullish Trend: Firstly, on the 4H- timeframe, we've been witnessing a Bullish trend in...
NAS has made a double top followed by strong bullish rally . Right now it's double top + Bearish divergence on 1H TF, placing sell stop under neckline and SL over the tops. what do you think ?
i believe we might see a bearish move soon on us100 , we have a falling trendline + key level most likely a sell from there. what do you think
USTECH Trade Plan Timeframe: 1H #NDX100 #NASDAQ #USTECH #TechnicalAnalysis #TradingOpportunity #Divergence #TradingSignal #USTECHtradingsignal #Forex Hey traders! 👋 Let's dive into a potential trading opportunity on the USTECH pair using technical analysis. 📊 📉 Previously Bullish Trend: Firstly, on the 1H- timeframe, we've been witnessing a Bullish trend in...
Hello trader! Today, let's trade the good old US100. A nice setup has formed for entry and taking out the lower liquidity. There are possibilities that the price may go and take out the liquidity from above, but the chances of a move downwards are much higher. 🚀Please support my efforts with the "Boost" button. ❤️And a comment is the best thing you can do for me now!
Welp my average buy in is $0.43, CEO hugged biden or something thought it was a safe punt at $0.70 after 99% draw down lol. Down more then I would like to admit on this one, but still only 5% of trading account....not ideal of course. Lets see what happens. Will sell before year for tax loss. Not Advise, good luck.
Not sure what this company does, the big gap up a few weeks ago got my interest. Have been building medium sized short average $21.25, down 1.1% but adding here. Clear stops and probably will be hunted but the R/R is too good if that gap gets closed. Not advise, good luck.
Been shorting for a month, adding more. lets see what happens, target 200 MA.
The NASDAQ, one of the most closely watched stock indices globally, is often characterized by its volatility and tendency to be influenced by tech and growth stocks. In this analysis, we will examine three key elements: periods of overvaluation represented by "circles," the potential presence of hidden bullish RSI divergence in green, and bearish RSI divergence in...
Taking a quick look at the IG Client Sentiment, Retail Traders have shifted to a more bullish stance with 51% of retail traders now holding long positions. Given the Contrarian View to Crowd Sentiment Adopted Here at DailyFX, is this a sign that the SPX may continue to fall?
High probability of a 1000$ drop or even more, with a clear triple top formation. We are topping here... after Dow Jones and S&P500 it's time for a weak tech sector. I see an acceleration of the bear trend in the next few hours.
QQQ weekly consolidation confirmed Context: weekly - downtrend (DT) daily - uptrend (UT) Last day: Price broke previous week low, signaling start of weekly consolidation. Value is overlapping with the previous day. Conclusion: Market looks very bearish but there is an interesting nuance. Although weekly consolidation confirmed we're still in daily UT,...
Hello everyone, Although the index price lacked positive momentum in recent trading, its general stability within the axes of the ascending channel, based on holding above the main support extending towards 14800.00, in addition to the formation of the 55 moving average for additional support with its position at 14945.00. This contributes to confirming the...
Not sure what this company does but volatility is A+. Got distracted and didn't capitalize on this obvious price action like I should have....but had a decent long earlier this year. Small size long here, something stopped the downward momentum and worth a punt. Not advise, good luck.
Nasdaq (Trend): I believe the corrections to be done and the resumption in trend as per my previous post. Its buy on dip market now with a projection towards 16500 levels. I have provided the next possible supply and demand zones for reference. I have just made an attempt to understand the market structure and behavior. Note: Do your own due diligence before...