What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work. Look at the structure it has formed right above the key level of 7400. I see this a very similar structure to head and shoulder but a complicated one while expecting a target around 6950. All we gotta wait for the confirmation...
Watch closely for the green highlighted zone for a perfect breakout, I see structure similar to a bear leg on the 4h time frame being respected to the resistance it formed at 7.8k price level. I have picked up an accurate trend line and waiting for a breakout to enter for short position expecting a target up to the previous lower low printed.
I see structure similar to a bear leg on the 4h time frame being respected to the resistance it formed at 7.8k price level. I have picked up an accurate trend line and waiting for a breakout to enter for short position expecting a target upto the previous lower low printed.
Short on NASDAQ. I believe NASDAQ will reach 8500, for a retest, then the bulls will take over from there, and hopefully positive news concerning the virus. NFP will be interesting tomorrow!
Scalping moving. Can break trend and move downwards to area of strong support, or rally upwards. Technical analysis on NASDAQ difficult with the CORONA Virus
Hello everyone I applied Quarters theory The weekly candle close was above the 8500 QUARTER POINT , and when looking at 2 previous candle i see a evening star has formed at the top of uptrend...This gives me a long term potential Short but price will move towards 8750 QUARTER POINT The Daily candle close was above 8500 QUARTER POINT with a BULLISH HAMMER...
This is a small possibility of this happening. As chart indicates, it did break trend before, and formed the W that pushed for the new highs. Well, maybe breaking the trend, and forming a W again, will let NASDAQ push for the 10 000.00 target we all have been waiting for. If one gets a very low entry, keep it till it reaches 10 000.00. NAME OF THE GAME IS...
reached resistance , night bounce back to previous zone and continue down or reverse