Soon, Fiserv should reach the magenta colored zone between $134.09 and $140.81 and complete wave (B) in magenta – there is only little difference in altitude left. Once this top is placed, the share should turn downwards, heading for its next goal: the southern magenta colored zone between $108.96 and $89.26, where wave (C) in magenta and wave 4 in green should...
Cup and Handle? VCP?
Looks visually appealing.
Sometimes the best setups I'm not able to assign words to it. Just a visually appealing pattern.
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
Hockey legend Wayne Gretsky famously said: "Skate to where the puck is going to be, not where it has been." This sometimes applies in investing and trading.
Towards what object have investors been skating, figuratively speaking?
Currently, financial media, fund managers, and commentators have been emphasizing the opportunities in value over growth for several...
As projected (in previous idea post), the NASDAQ futures spiked down to (almost) 13K and then bounced immediately. This happened on Thursday after the open initiation of the Russia-Ukraine global event. The following day continued the recovery rally.
The Weekly candlestick is now very bullish looking as there formed an intraweek ultra long tail of almost 1K index...
Was just looking at the NASDAQ futures and the price actions over the market holiday yesterday amidst the hype and concerns over Russia-Ukraine issues.
In the NQ1! 4H chart, recent multiple failures of the 55EMA (4H and Daily) technically projected downside for the NASDAQ (amongst other equity indexes). There appears to be a cyclical fear pattern over the last...
As previously mentioned, the NASDAQ is bearish.
Now below the Weekly 55EMA, on bearish weekly candlesticks, the NASDAQ is likely to push to the 13500 support/ This support must hold.
Daily chart technicals are bearish for more downside...
Stay safe and well!
