Looks like we're trying to print a 'alt' bat pattern (yellow pattern)... but given the time I believe we'll see the low.. is a black swan event worst than Covid about to hit?
Shorting all financial instrument available lol THE BIG SHORT 2 ? Check macroeconomics data , we are in a recession fam
So this is my target for nasdq.. and just by 'chance' there is a gap there that was never filled.... again, what this means for BTC should be interesting ;)
In weekly chart I got the message from indicator that rising is over. At least it's time for a correction, so following daily chart. My plan is to short till 160, which has a good daily support, also I believe it'll close the gap TP 160 SL 184.5 - please wait for daily close.
Looks like the Nas is ready to get this popping.... complete with a nice big gap looking to get filled... Of course this should be your clue for crypto ;) gl
Markets have been bleeding since the beginning of 2022... According to the US Government and Federal Reserve we are currently not in recession. A strong labour market continues to hold up the economy, but will it continue or are we just delaying the recession expectation?
Given the GDP data today, high chance that we're just going to push up to complete this pattern and down she goes... gl
Looks like a Large bat pattern forming in this bear market with a ABC target down to major support... gl
As there is still a large correlation between BTC and Nasdaq, we can hypothesize this scenario: Double low for the Nasdaq, which sees an upward rebound before its achievement, at the same time BTC would also recover, fluctuating up to a threshold (approximately) of 45K and then creating a double low of 32K (January low). Also the Dominance has reached the 50%...
W pattern noted. This is possibly the last leg of a bearish bat but it has only reached the .786 versus the .886 so far. This pattern may not be complete as there may be a push up to the .886. Candle of indecision today at the .786 fib level of XA. The impulse wave of this pattern is labeled XA and is to the downside, which often indicates a bearish pattern that...
The 30 moving average on this weekly chart has always been a very important support. Will it be this time too? We are at the beginning of the corporate earnings season, the job market looks strong and the Fed has taken a decisive direction. I cannot know if it is the beginning of a rise (have the lows of the decade been marked?) Or it will be just a rebound. We...
This is my analysis to understand where the bottom could be for the Nasdaq. Between 100 and 140
Just a crazy idea that came up in my mind watching and analyzing VIX and SPX. In this way, I see that a possible bottom with a possible change in the VIX uptrend started in 2018 can find its way down around the Q2 of 2024, and it makes sense if we think we are entering the recession now. My bottoms are: SPX 3000 - 3500 NDAQ 100 - 140
I am taking a position in NASDAQ Inc. Prediction is increase in stock price
NADAQ is going to touch 105 but, there is another support zone that said maybe be touched and that's blue line drawn. So if 105 break down it would go down to 80!!!!
Good Day to The Investing World Despite the research and judgment being quite close and difficult, I am feeling bearish on NASDAQ for the next half-year. The main reason supporting this is the US Economy, which is not in a good position at this time and date. Another reason for this is because of the trend, which is just about identified as a downtrend, despite...