In this update we review the recent price action in the Nasdaq emini futures contract and identify the next high probability trading opportunity and price objectives tot arget
Earlier on I shared this trade idea on the demand zone which help up the entire day . I'm to see market is preparing a bullish reversal for us to take long positions
2 possible scenarios:
1) Price continues to charge forward post big "falling wedge" pattern breakout up, targeting 15,300 as breakout target (equal distance of wedge width measured from breakout) with 12,800 "rising wedge" resistance broken this scenario will be confirmed.
13,600 is in the way and could be correction back down 12,200-300 once reached, or can...
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According to 1 day chart, Nasdaq index is ready to do it's last downward movement. Hence I've prepared my analysis on how to trade in the bearish market. Many said rise from the previous low point; 11050 indicated beginning of bullish market. On the other hand, I think it is the 4th wave correction. Therefore I will continue to do short for the long term.
The US100 has copmleted a Bearish Gartley harmonic pattern. From what we know of the Gartley is that from point D it reutns to point A. We however can't risk holding this indice with the yet another recession knocking on our doors. Another thing to consider is that we are currently overbought on our RSI, we should see this index plummet down to the $10 000...
Hello Everyone,
The market has so far played beautifully as analysed. Now we have reached a area of strong resistance 12039; this area has had price rejection in the past many time. However I can see this breaking soon. Price may come down close to 11878 area before breaking 12039, Or it will soon break 12039 without a pullback. When it does break, price will...
Hello everyone,
The market had some beautiful clear bullish run and we are now at the top of the channel. Two scenarios this may play, firstly price may pull back to areas of 11581 before continuing to go up to 12159 area. OR price may just break 11878 area and continue going uo to 12159. Either way I am bullish with the market.
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Price formed a Bearing Flag/Pennant on Daily. With the structure break on H4 timeframes are now confluent. Price is now moving retesting resistance zone.Layered with the supply zone and the divergence. A Sell pressure is on the rise.
Hello Everybody.
The market played really nicely to the analysis from Monday. Now we will probably see price pushing down to the levels I drew earlier. These levels were mentioned in the previous analysis. The price will most likely now come down to 11334 IF the centre channel line is broken. if that happens nothing it stopping it going down to levels of 11236-...
Hi Everyone,
It has been a while and I hope you all are doing well. I am back to do regular analysis and help you all progress and get better at understanding the markets.
Looking at the current nasdaq market, we can see a rising wedge has been formed. It is very close to a breakout. This is likely to break down however there is good possibility for it to...
$NAS100USD : My bias is still bearish. i waited for a bit more price to develop and saw that price retested a previous major exhaustion area. So i went back for sells and is looking for a break of major exhaustion area of 10803.8
