Nqshort
sell short NQ i recommend to sell NQ and to not keep it in your portfolio
hight probability that NQ will short until the remain area mentioned on the graphiq
NQ rejected the top of the channel, Im shortDont look at any trendlines of mine, but the up trend channel, we hit the top and rejected right away.
Failure to break it will get us close to so wanted decline.
NQ has more weakness for tomorrow At the airport, can do an update.
Friday H&S short was perfect, covered with some profit.
The close isnt looking bullish, I see more weakness tomorrow.
Ideal target to hit and is still at 11700-30
Im short, smaller size, tighter stop
NQ has a small H&S formation on smaller time frame.Markets didnt close bullish to my eyes, looking for some weakness on Monday, ideally good gap down
NQ has a small H&S formation on smaller time frame, ideal target is 11825.
Ideal target to hold next week is 11700.
Im short few contracts as of Fri close.
NQ is in no mans landNQ is riding the broken down trendline and the top of the channel, also its near the mid of the downtrend channel.
I have no good feeling of a direction at this point. Ideally we sell in am and then rally up again to top sometime tomorrow, targets are still 12100-20 and if above, then its bullish and it goes to 12400+
Volatility is going to start rising from the next week, so much biger moves are coming into mid of the month to 20th
NQ is hitting the same top of the channel NQ is hitting the same top of the channel and the broken trendline.
Failing getting above it will just make another good sign for new lows to come mid of the month.
Moment of truth is today
NQ isnt looking good for the bulls hereResistance is very strong in this level, can stretch to 825 for a perfect touch.
11800 call from am got fulfilled, it's very close to it, I have shorted for a quick trade here, looking for a possible real move down off these highs, might not come till after the FOMC
NQ target 11800NQ is in its bear flag channel, has a confluence target of 11800 and support at 11640
NQ1! time to sellafter the end of the uptrend with a large volume and a ''Hammer'' candle we will see a downtrend
NQ1! time to sellwe will see a continuation of the downtrend we take the sell position as much as we had this pullback
NQ1! time to sellafter the break of a strong support with force one will see NQ1 at the level of 10.000
NQ update - looking to buy am lowNQ is going after the breakdown zone test as well as the mid Bollinger test.
Seems we will sell off after the numbers and test the bottom of the channel and then move up.
My game Plan for tomorrow is buy the am low
NQ cant reclaim the mid of the channelI know there are too many lines for some, but they are important to me. Just pay attention to the green trend channel and the blue doted mid of the channel line
NQ is supporting a view I have on the SPX, looking for some lower (NQ down to the low of the channel line before a fakeout.
NQ reached almost 61.8% Im short aditional tranche Stop above the high.
Low by Tuesday, then continuation higher, possible W pattern if zoomed out
NQ is short term bearish Main support zone! 12400 must hold on any test attempts for higher levels!
Im seeing this structure short term bearish, medium term is bullish.
A move down to 12100 is what Im looking to get hit before we continue higher to well above 13000
Supports:
12550
12495
Main target 12100
Im expecting a low to get hit by sometime Tuesday, pathway is shown on the chart
''TSLA'' Time to sell after having a confirmation with a breakout of the range with force we can take the sell position
NQ - Nasdaq below CL, going southThe white pitchfork is a "pullback fork".
This huge monster measures the whole swing, from April 2020 to the highest point ever reached in the NQ.
What is the benefit of such a pitchfork?
1. We see where the center is.
Above the center, the market is very strong. It's likely that the market continues in the projected direction.
Below the CL (Center Line) it's very likely that price will not jump above it again. So the only ways are sideways or down.
2. Knowing the rules how to trade the pitchfork, we have a nice test at the centerline. Usually we see another test, or even multiples, before the market is heading towards the L-MLH, the Lower-Medianline Parallel and beyond.
So, if price falls below the L-MLH, a test/retest is expected and the next target is at least the first WL (Warning LIne...it "warns" that price could turn from there since it's overextended by 2 magnitudes).
Let's be curious and put our observation Hat on.
#learntoearn
time to Sell NQ1
''NQ'' after the breakout of the range with a large candle we can take a sell position
NQ1! - Nasdaq Pitchfork Short ExampleJust study the chart and you see the process.
The scene of the crime as my mentor always said ;-) is where price broke down hard the first time. Often than not, price has the tendency to come back to these levels. As it did today.
Price ran into the "Scene Of The Crime" or the "KillZone" and got hit on the head several times. Here you had 3 chances to short the market, with a decent stop, giving you a perfect RiskReward trade.
The target was obvious. The centerline.
Price got there to the tick and turned on a dime.
That was a perfect pitchfork trade.
As for a filter I like to use the RSI or even the MAC and/or the AO. What ever makes me feel good for a trade, I'l take it if I have proof that the tool helps me in my trading.
So, go and study the pitchforks, but don't think its easy. It's simple, that's true, but it's never been easy, at least for me.
The most important part in this trade for me was the Stop. The phrase "Never loose money" is kinda dumb. But it carries a truth. By only risking very less, you are never exposed to loos your "soldiers" in a fight/trade.
#cudosToShaneBlankenshipFromLanguageOfMarkets
NQ still SHORTWell, NQ will suffer for a while, and I posted an analysis mentioning so.
it's still gonna be short for a while, price is not showing any signs of a push by the buyers, in fact it's the other way around.
price is being forced to drop and trust me it will
if you didn't check my previous mentioning of NQ drop, I'll put the idea down.
NQ Short - Follow UpSo, here's the follow up on the last chart I postet naked, without the market.
Not much to say here, just watch the Indicators too bellow.
What do you think about it? Let me know :)
Happy Christmas & best of wishes.
