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,...
Bearish scenario if >132,10 otherwise absoluletly not positive as long as >132.10
NQ have been stuck in a trading range for week. Last week 's attempt to break out from to failed. Last night 's sell off failed to break the low and rally back into the trading range high around 5377.75. Possible short attempt. higher chance if a 3rd push up into that level.
I stopped following Twitter at some point of time but I´ve been curious on, after all the news bombardement and price movement we had in 2016, what price we may expect in 2017? I found a very interesting setup: on first place, we have an ascending fork (labeled green) where the Median Line hasn´t been reached. Therefore, as per Hagopian´s rule, the price should...
The NQ is making a broadening top pattern. This is not a bearish or bullish pattern, since it trends upward 49.6% of the time and downward 50.3% of time. It has a nice look, where price was trending upward 6 months leading into the pattern, with downward sloping volume. To pick a top in this market is dangerous, with the low volume grind. I am looking for clear...
Looking at the SPX, it has an upside bias as long as it continues to make higher highs and higher lows. The current rally off the brexit lows and pullback from the august high has a similar look compared to the rally off the feb low to april high to the brexit low. Both periods seem to have pulled back 38.2% of the previous rally and looking at the X axis. The...
I will be looking for price to follow through. Would like to enter short around 4820's, idea being enter within the ribbon and play the follow through of the new downtrend. Target last weeks low for >60pts. Risk 20pts at/around Friday's high, R:R = 3:1.
SYNOPSIS : 1 - Overall price action suggests an incomplete 5-wave impulse with Elliott Wave alternation rules giving way to a complex Wave-IV consolidation with support expected at 4104.70, compared to a simpler Wave-II which occurred between 04-2010 and 10 2011; A resultant Wave-V completion remains pending 2 - Predictive/Forecasting Model eyes ONE pending...
NQ hit LL and LH Drifting down the rails
That was quite the impulse move down from the 61% retrace. Almost climbed back up ; but not quite. Is that a a failure?
Barely hanging on. Can you say sideways action? Can't go down and can't go up. I am thinking that upward momentum has stalled, so there might be a correction