A volatile week but no structural changes, or changes in the directionality. It seems the path to downside has been painted. But when it comes to the market nothing is guaranteed. One needs to think from the change or no change of current context. As of now, the H&S remain broken, the upside channel is broken. Nevertheless, my scenario 1 is a horizontal...
Day Trade Market Condition aug 25, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
Maybe the catalyst higher starts at Jackson Hole and Chairman Powell's speech at 10am? If not that, then the market will move higher because of either a soft, or NO landing recession thesis. As I continue to update my sentiment chart for my followers, these are the current narratives being discussed...but it will not matter to the sentiment chart what the...
Day Trade Market Condition aug 24, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
Nasdaq (NDX) made a Higher Low last Friday exactly at the bottom of the Channel Up pattern that started at the beginning of the year, and broke (as well as closed) yesterday above the 1D MA50 (blue trend-line). The strongest buy confirmation has just emerged today as the 1D MACD forms a Bullish Cross, the first such pattern at such low level since January 08...
As per chart, we have finally moving back up from the first half of bear of August. Market got its liquidity and moving up now. Great time to buy. Indicator for Rate of Change is also turning up (Top indicator chart
Day Trade Market Condition aug 23, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
Day Trade Market Condition aug 22, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
NASDAQ 100 ( CME_MINI:NQ1! ) took Support at the area suggested in my previous Idea Post (see attached). For further confirmation we will wait to see if it holds above the 50 day EMA on Daily Time Frame. It is currently above the 50 day EMA in the Pre-market session on Tuesday. If the Confirmation is achieved today, then we will look for another rally up to...
Nasdaq Short Trigerred, Tageting The Lows. Following The Trend
Day Trade Market Condition aug 21, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
Hello,Friends! NQ1! pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 14606.75...
NQ1! NAS100USD NASDAQ 2023 AUG 20 Scenario 2 short yielded handsome profit if you had followed 07 Aug's analysis. 18 Aug's bar showed some demand. CME_MINI:NQ1! Possible scenario: 1) Continued short opportunity if market test downward trendline and is rejected 2) Market tests breakdown area 15138-15511 (yellow box), and is rejected = short Price...
Last week I posted my long-term perspective of the SPX cash market from inception . This is the reverse of that. I am not an economist. I'm a pattern analyst and trader. Nonetheless, as a student of the economy, I find that rarely do fundamentals align with a technical forecast. I try to encourage my members to abstain from applying linear thinking to...
As of now, a technical breach of the upside channel and the H&S neckline. It seems the price is trending lower to tag the quarterly pivot. I anticipate a bounce to back test the broken structure. Usually, structural changes are back tested multiple time before the loosing side gives up and let the continuation to proceed. The last point of demand, June...
Here is our detailed technical review for NQ1!. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 14742.75. Considering the today's price action, probabilities will be high to see a movement to 15207.50. P.S Please, note that an oversold/overbought condition...
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy NQ1!. ❤️ Please, support our work with like & comment! ❤️
My dear friends , NQ1! looks like it will make a good move, and here are the details: The asset is approaching an important pivot point 14750.00 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Goal - 15002.00 About Used Indicators: Super-trend...