NAS100 the problem with HL to HH rule is that sometimes is fine to enter the market without waiting a HL.. Friday was a typical example when at 10 after 1 hr of London open the daily pivot was confirmed as support the index started to go up ..now all the people that were waiting on a HL did nothing..all the people that went in and believed in bullish upside after the pivot bounce were rewarded and gained until R1 then R2 rejection 150 points up from the day low…..sometimes rules are there to be broken..and siedeways sometimes are there to force a move..just my 2 cents..without offending anybodyUS Tech 100 Cash Index forum
NAS100 the problem with HL to HH rule is that sometimes is fine to enter the market without waiting a HL.. Friday was a typical example when at 10 after 1 hr of London open the daily pivot was confirmed as support the index started to go up ..now all the people that were waiting on a HL did nothing..all the people that went in and believed in bullish upside after the pivot bounce were rewarded and gained until R1 then R2 rejection 150 points up from the day low…..sometimes rules are there to be broken..and siedeways sometimes are there to force a move..just my 2 cents..without offending anybody
NASDAQ Nasdaq may move up as Gold comes down, since Gold weakness often supports Nasdaq strength
NASDAQ The Nasdaq is currently in a strong buy zone. The 4th consecutive candle has closed within the buying area, which indicates bullish strength and confirms that the market is preparing for further upside movement
NAS100USD While the market continues to make HL's to HH's...I am particularly cautious to enter new buys especially since we are currently trading at HH's and one of the first rules in trading is that you buy low and sell high.
With that in mind, I have given you a history of the market movements that landed us at multiple guaranteed HH's over the past week.
1. Everything looks normal until you got to Thursday's inflation data (indicated by the red dotted areas)
2. That wick still does not sit well with me and In my heart I still believe that we will see a revisit to that point and below before creating the next HL on the on the daily or weekly timeframes.
3. I am also cognizant of the fact that the daily timeframe has made a series of 3 HH's in July, August and currently in September which should not be ignored as this could be the perfect triple top setup for another retracement.
4. Since I have already booked my profits from one of the HH points from last week...there is absolutely no harm in waiting at this point for the market to reveal it's intentions for this week...Mondays, Tuesdays and sometimes Wednesdays are days the market consolidates, retraces and creates volatility before making a major move so patience will be key.
Finally if the trend is HL's to HH's and buyers have gotten their fair share of HH's, it would be silly not to wait for the next HL on the largest timeframe before committing to the next swing trade.
Please note that this is in no way a recommendation to blindly sell the market as you need to monitor your levels closely so you do not get trapped as the bears always do.
The only sure strategy in this scenario is to book your profits on the HH and wait for the next largest HL before buying again.
Have a great week.
HL's to HH's #guaranteed
#oneauberstrategy
#aubernation
NASDAQ lets see if the market care about thisDonald Trump says he’s ready to impose “major sanctions” on Russia only if NATO allies implement two policies first:
- Stop all purchases of Russian oil
- Impose 50% to 100% tariffs on China
NAS100 Idea: NAS100 Forecast & Projection🕵️ Market Context
NAS100 closed at 24,096.
Global equities remain volatile due to inflation, Fed policy outlook, and tech earnings season.
Short-term sentiment: Neutral to Slightly Bullish.
Swing sentiment: Bullish while above 23,500 key support.
NAS100 no 25 k it wil be starting its retracement now
NASDAQ 25k coming Wednesday
USTEC Happy weekends to you all!See you next week))
NASDAQ Nasdaq Update: Today was the last trading day of the week. Market is closing soon better to close trades and stay out Fresh opportunities will start from Monday