Hi guys
Nasdaq opened with a slight gap down, let's hope it sells off now leaving the gap unfilled giving us a confirmed buy later today. If we find support at 14800.
If price moves up and fills the gap we could then sell if we fail to break 15034.
If not we're back to ranging between 15000 and 15100 - SMH
This is purely an "idea, mind map of...
This is an US30 idea of the next possible move. We can see how it broke the high and it’s starting to pull the price down. What i’m expecting for it is to broke the price at 35098 and enter in a sell till the price goes at 34892, and close or take partials with 2.000 pips profit.
NY has opened
There's a gap present at 15100, expect to close this gap before making further decisions
If we break out to the downside we have a high R:R sell off on the cards
If we're bullish at 15100 we long to 15200.
Stocks drifted sideways on Wednesday, with investors digesting a slew of earnings results and looking ahead to another set of reports. A monetary policy statement from the Federal Reserve is also slated for release.
Nasdaq struggled for direction, fluctuating between small gains and losses.
Technical overview:
As you can see, we find ourselves in the middle of...
Trend switches of the ATR on the 1D and 4H usually mean something on most charts. What they mean is a greater probability for price movement under the switch for short positions and above the switch for long positions.
On this chart it does not mean that price cannot rise from under the switch. This is not how ATRs work. ATR's create probabilities. The situation...
In for a long position after price bounced off of the 79% level (discount price). Should see price rally higher if it's able to break through 1.19771. If it breaks above this level then I expect price will fill the low resistance liquidity void.
expecting a possible retrace from 34850 to entry point 34552, so i took some profits. then expecting a push back up to 34850 and once 34850 is broken you can re enter if you want.
HAVE A GREAT HOLIDAY!!
Bias is bullish today looking at the DXY and Feds projected outlook on the market. Jobs creation consensus is forecasted at 700k vs. 559k for the previous NFP news. Today is a very risky news event to be trading but if traded correctly the returns can be highly favorable. Please be careful trading today.
looking at the price action, seems that the top of the big upper channel was already touched on May 10th :).
if the price won't go sideways for a long time, touching the bottom of the channel in the next weeks will give us 8% from here.
remember: it is just a possibility; this means that the price can also rally to new highs with no correction for a long time from...
