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US tech looks really overbought here with 100 period hourly trading well below the 200. Looks like time to bank long profits and look at shorts. We should look and see how strong DXY is doing and if the dollar keeps firming equites will likely sell off again. I suspect that nasdaq rising is just speculators buying ahead of amazon results and bargain hunters...
Perfcet Head&shoulders, short to the next zone.
wait for the brakout !
+ Rsi divergence on higher time frames
+ pesimistic forcast of pandemie buy new Presidnet of US
+ trend change
Just an idea, comment.
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I expect NASDAQ to push further down to my buy entry. There's still quite abit of liquidity to be acquired.
Any questions about my analysis please feel free to ask them in the comments section!
In the Nasdaq, too, a further high currently seems more likely than the direct way down. But also here I would like to emphasize again that this is not a necessary and the last posted count until the break of the high is still valid. In the yellow y, we have already left the 1.00 extension behind us. However, I have noticed that unlike in many other markets, the...
The Nasdaq may now have finally ended its upward momentum that began in 1985. The mandatory target of the superior wave 2, which should have been started now, is the 38.2 retracement of the entire movement and is currently at 8125. The downward movement since the high can be counted as a five-wave and thus represents a first important indication for the correction...
Nas100 is just continuing to push up. I expect this pull back to entry on the 4HR for a continuation to the upside...but for how long is the question?
What do you think?
Trade at your own risk! =)
Happy New Year!
HAPPY NEW YEAR EVERYONE!
This is my setup today, we can see Nas has been playing outside the consolidation box which is a good sign to go short, we can also see a pennant has formed which is bullish, I'm expecting nas to head up to my zones as per price labels and arrows the reject and continue heading down.