we will see a continuation of the downtrend we take the sell position as much as we had this pullback
after the break of a strong support with force one will see NQ1 at the level of 10.000
NQ 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
I 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.
Stop above the high. Low by Tuesday, then continuation higher, possible W pattern if zoomed out
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
after having a confirmation with a breakout of the range with force we can take the sell position
The 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...
''NQ'' after the breakout of the range with a large candle we can take a sell position
Just 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...
Well, 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.
So, 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.
As we can see, NQ was following the "plan" exceptionally nice. To me that's a proof how the concept of Allen Andrews works. But there is much more in it than just painting nice Pitchforks. The REAL benefit a trader can gain is the study of swings. When I started study the swings, it was a crazy new world for me. So if you are interested real and profound...
First of all - this is my first published idea, so I don't want anyone to trade based of this idea blindly. Second - I know history does not always repeat itself. Doing some early prep for next week I noticed these two harmonic patterns formed on the 4HR NQ chart. I normally do not trade based off of harmonic patterns, (don't know if these are gartley,...
We saw that tech had led the majority of this rally, retail or not. the tech rally was the center of attention. Which is focused around the largest tech companies we all know. Facebook, Amazon, Netflix, Google, and Apple. Together they have a Market Cap of over $5.6Trillion. Making up over 35% of the Nasdaq Index. If we include the honorary FAANG member,...