Nasdaq just broke off it's all time high and trading channel. I was able to identify 1 target area based on past price/volume action.
Great buy while the market keeps pumping bullish news
Hello traders,
Description of the analysis:
M30 strong s/r zones. Currently NQ in the all time high area, where the probability of rejection and decline is increased. Sentiment will show. Support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan.
About me:
Hi, my name is Jacob...
If one of these two scenarios do not happen, I quit TA for good because it clearly doesn't work anymore in a post sanity, Fed controlled world.
- resistance line does holds
- a slight pop over resistance to trap bulls, then price falls in again hard
Oh and also, if today 11MAY closes up on the day, it'll be NQ's 6th day up in a row.
Although I suppose, the...
Hard to believe, but NQ looks to be filling the gap and tech/biotech will continue to pull the market up with it. If FAANG moves, everything else moves with it. Check my thoughts on S&P500 also
Hello traders,
Description of the analysis:
I have identified important s/r levels that the market should respect and respond to.
Be careful to trade and invest sparingly!
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and...
looking at the market today.
It seems we are coming from a bottom looking top find a new top.
In 4Hr we still see a possible range, were the market its looking to go up./
possible entry points are in blue and targets are in green.
risk reward 3 / 1 .
trade to trade well not to make money.
as we see some good news in the USA and tech sector. The economy is still very hurt, and optimism cannot last more than realism.
looking at the market we have completed a range in the daily levels.
so im looking for a short. I bounce in the levels marked in blue.
green lines are possible targets.
trade to trade well not to make money.
Nasdaq has shown today a clear top. so now we are looking for the bottom. I expect a pullback just to continue its move to the downside.
targets are in green possible entry zone in blue.
a good 3 > 1 risk reward ratio.
Trade to trade well not to make money.
NQ100 continues to rise. US President Trump’s acquittal in the Senate, as expected, and the news that a new antiviral drug will help patients with the coronavirus help bullish trend in global indices. 9432 is still a significant level for the continuation of the upward movements in NQ100. If the upward movements exceed this level, we will closely follow 9480...
NDX has been trading within a Channel Up since July (1W RSi = 64.749, MACD = 236.300, Highs/Lows = 208.4773). Last week that pattern touched the Higher High trend line giving the first Sell Signal. The 1D RSI is on a bearish divergence similar to the late July Higher High.
Technically the index must touch at least the 1D MA50 before it resumes the bullish trend,...
The NQ Daily time frame has created a sideways
movement. The market is now at the top of the
range. If the market is going to fall we should
start to see a bearish turn soon towards support
about +1,000 ticks away.
Daily Chart Explanation:
- Price is on an Ascending Trendline.
- Price is, one more time, facing the ATH Zone.
- Bearish Divergence on MACD on each New High.
- If price starts its down move from here, it should retest the Ascending Trendline and, in case it breaks it, there is potential to move down towards the Support Zone.
Weekly Vision:
We are looking...
The NQ Daily time frame has created a sideways
movement. When the market hits the top of the
resistance level around 8000.00 the market is
having a +1,000 tick sell off. I am waiting for the
market to hit 8000.00 price point then looking
for the sell towards the up trend line about +1,000
ticks of bearish movement.
