The monthly shows us that the NQ is stretched. Let's see what's going on from here... P!
This company is the number 1 mobile security developer in China. #Crypto? Chart looks good on the weekly +
I elaborated about this pattern here on TV already a couple times. Because we have reached the Centerline and price formed this pattern, I'm confident that we could see a larger move down to the L-MLH. Let's observe how this plays out to get a good understanding of the price movement within this context. P!
All Trade Parameters shown on the chart. Short setup on 1h Supply. Daily Reversal Pattern forming with a powerful engulfing candle! Looks like we reached the High of the Year.
Last spike at the opening bell should mark at least a local high, completing a more ample ending diagonal and an impulse from Sep25th low. Short with tight stop at 6045.
Description in chart ... if the price shows its inability to keep pushing higher around the highlighted area then a short could be triggered, if not then the idea must be reevaluated
I would consider this a good opportunity to short the nasdaq according to the risk/reward ratio; we have had the most bullish weekly candle in the market during 2017 and we all know the market is growing thanks to Yellen, even though, we had some bad data during the week (GDP expectations have plunged, terrible retail sales and inflation data, gold is growing, the...
So, price walks vey nice within the fork. Until at least the first low is broken, there is no short trade for me. Other then the ES, I see nothing to short this market at this time. P!
possible target area for QQQ to keep an eye on the next week weeks.
Nasdaq left a hanging man candlestick on the daily chart which is bearish and forms at the end of an uptrend. Will look for a short entry tomorrow.
good reistance zone for shorting all good as long as <131.7 good luck !
Green zones, strong support zones, 129.36 major key level, a break below that one would be very sentiment changing.
Haven´t checked a single line of company´s reports or any related news. I´m just trying to find a new broker and checking the charts one by one to see if the market will or not dump the shares. I found IBKR may be a good buy as it bounced of the Hagopian Line and has been flat for several weeks now, underperforming the market. Notice also the price broke former,...