Warning! Nasdaq to 5900"""this is not financial advice""""
We are in very difficult time, the economy is at risk due to the lockdown and the huge unemployment numbers. The administration trying to motivate the market but bears are already in control. No one knows the bottom but the coming days we may see horrible horrible red charts. the next stop for nasdaq is 6570 if we break it we may see NDX touch 5900 or lower.
Ndxshort
NDX FractalsBeen trading against bullish fib line of 1 for ~6000 days continuation of this uptrend are fractals in green and purple, red fractal indicates a drop to fib line of 0 due to the extended time period of this bullish period, I acknowledge that my view may be bias because i prefer to trade cryptocurrency, hence the bullish fractals, but I love making charts. Looks as if log macd is preparing to write an inverse bowl also.
NASDAQ 100 Short 4HR Expanded Flat Correction NQ1!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.
nVidia [REVISED] | Shorting the Bubble Part 2?Confirmation/Entry: 124.46 (ideal) / 188.78 (early) / 227.89 (risky +)
Invalidation: Local high
Target: Three targets on chart
TF: D
Leverage: 2x
Pattern: 1) Weekly bearish impulse with 2) break of weekly EMA50, 3) death cross on daily, and 4) daily EMA200 resistance.
Weekly snapshot. Notice the trading between the EMA50 and 200.
Situation in NASDAQ 100 1HR Chart en of 03.04.2019Hello to all who watch my charts.
Here today i am check the the Nasdaq 100
A Chart picture says here more than 1000 words says a proverb.
This is good here.
The Nasdaq is in a fine Long Channel
I marked it red
with 2 first support zones at 7530 and 7545 last straight from today
What should you pay attention to:
The Channel should not be left behind in a downturn
If it is, this is either just a warning signal or a direct turnaround.
If the 2 supports hold, we would have a long chance again.
If not, in my eyes the Long is gone at first
Please keep in mind that trend reversals can come very fast either way.
Currently but nothing to see by Short
Good traded for all
Renkotrade
NASDAQ LONG 30 MIN But Possible below 7347 Trend brake NASDAQ is still long of course at it is more than 1 % PLUS today
But please check these 30 MIN Chart.
We have to pay attention on the 7347 Level aerea
If it breaks ot end of a 30 MIN bar below that
in my view these long run has gone and we are
(maybe only short time) directly in a SHORT setup
cause we have a double top which is broken.
At the moment it isnt but watch out that level !
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These information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
Situation NASDAQ 8:45 NYT LONGNasdaq has just sit on the Blue trendlinei have mnarked
and is still long.
There has been established a new support zone at 7170/7180
i have marked in blue.
Only a trading below that would destroy these setup.
But even if trading below that 7170 at 7150 and 7130
there are some support zones (i have also marked new in blue)
to hold up the bulls.
If 7170 will not hold a possile trading setup is short to range 7130
maximum 7080 but very tricky in my oppinion