This Friday we met the 0.5 Fib retracement level from the last breakout. Wall street snapped on its 9 week winning streak. Mixed with both fear and hope to number of expected rate cuts in the current year of 2024, recent commodities price had shown re-incarnation followed by increasing tension in regions including Mid-east, Korea, and Ukraina. Major AI stocks...
Bounced off 16200, which was last a support in DEC 2023 and a resistance (High) in NOV 2023. Therefore level of significance 4H * Bullish engulfing candle of the low - doji followed and a possible hanging man - dive deeper for more info 1H * Bounce 3 times at 16425 : which usually is the beginning of an expected breakout - there's a potential 4th touch - next...
Sharp Retracement in NAS100: Opportunity on the Horizon? Eyes are laser-focused on the NAS100 after it slammed into a key resistance level. The current aggressive pullback sets the stage for an intriguing dynamic ahead of the NFP data drop later today. A strong dollar boost (or unexpected weakness) could significantly impact the index, making this data release a...
Nasdaq (NDX) hit (and marginally broke above) its November 2021 All Time High (ATH), completing the expected Megaphone pattern we shared with you on November 16 (see chart below): Last Thursday (December 28) the index hit the Higher Highs trend-line that started on the August 16 2022 High and can be treated as the top of a Channel Up pattern. The key here is...
Waiting still waiting and some more waiting A close below this rectangle will be ground to search for sell entries * Impulsive moves downwards * long bearish candles with minor pullbacks (LH and LL) * 2 evening stars before the fall, current candlestick forming another possible evening star
There isn't much I can say or do. This is a missed trade from my eyes, it followed what my alternate view from US30 showed. It just happened earlier. Right now any trades I can get from here will not be the most optimum RR but will still be worth the risk just probably not scalp traders. It is heading for 16600 * 3 touches up, 3 touches down. In the channel...
Nasdaq just crossed on the current 4H candle under the 4H MA50, which has been the short term Support since December 8th. Even though it turned neutral on its 4H outlook (RSI = 45.004, MACD = 31.260, ADX = 51.152), 1D remains bullish (RSI = 65.645) so a potential decline will serve as a technical pullback inside the seven week Channel Down. The 4H RSI is already...
I messed up again and did not monitor it and stick to what I had set out. Now we missed out on good momentum. Have a good weekend
US100 has formed a rising wedge pattern, and it is prudent to exercise patience for confirmation of the breakout before considering a short entry. There is a notable potential for the formation of a correctional leg, retracing back towards or below the recently highlighted key level within the context of an extended bearish trend.
Please, check our technical outlook for US100. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 16759.6. Considering the today's price action, probabilities will be high to see a movement to 18070.7. P.S The term oversold refers to a condition where an asset...
Not anyone's inheritance, nor is it anyone's home. Now I can start looking for the actually trade I want, let it come to you and wait for NY open before getting hurt. It is best to move with wave when the current is flowing at its most energetic.
Just an update into the "trade" if we had taken it. It is an okay trade a 5/10 according to my trading plan. This is still good for those scalpers looking for quick trades with quick bucks. We just broke the high but not by much, which means there are sellers trying to regain from the close of last week. If you had taken this trade move SL to either BE or just...
High 16862.3 (Dec 2023) last reached in Nov 2021 Bullish since 2023 started - lots of retests (bearish channels and fake-outs), prepare for it. 16698 - 16843 = straight channel - both lower end and higher end have been tested more than once therefore looking like a waiting moment Go down to 15Min you'll see the candle tell a story - the last 2 to touch the...
Hi guys The latest analysis of Nasdaq in 2023 (keep in mind) We do not have an analysis next week, the analysis will start again from the second week of 2024 I hope the analysis helped you and you can get great profit from the market And kick up a storm in 2024
Well the obvious answer is that they are Major USA indices and they also share some of the big players as stocks which make up their composite Indices. My answer the Question... The beauty of Trading View is the ability to combine all sorts of aspects of trading information together, whether it be writing new scripts, combining indicators or in my case combing...
Nasdaq / US100 is getting close to the top of the Rising Wedge pattern that started in August 2022. The Triangle pattern formed inside displays similar features with the one tha peaked on February 2nd 2023. That formation eventually pulled back to the 1day MA50 and 0.5 Fibonacci level. Sell and target 15850 (expected contact with the 1day MA50). Previous...
We have seen the Magnificent 7 (Apple, Microsoft, Google, Amazon, Nvdia, Meta, Tesla) underperform on this rally since the October Low relative to the rest of the Nasdaq index (NDX). The former can be seen on the left chart while the latter on the right. This goes so far against the aggressive nature of the Magnificent 7 (M7), which have outperformed Nasdaq on all...
Hello Traders! This is my perspective for US100 H4. NASDAQ just set a new ATH (All Time High), and now I expect a retracement until the price of 15735. A very strong move this week. In case of confirmation, it would be a good opportunity to execute a short trade. Traders, if you liked my idea or if you have a different vision related to this trade, write in the...