I know this surprising uptrend is a huge hit to bears, but listen, be patient. Patience is always the key to investing, and don't just focus on your loss at this moment. I zoomed out a bit and realized that NQ is trying to create a bigger AVC corrective wave, meaning this uptrend is part of the B wave, a corrective bullish wave. It's not going to last forever; it...
The NQ one hour time frame is in an up channel.
The market is on support. As long as the market
does not close in the sell zone. I am expecting
the market to u-turn bullish and push towards
the top of the channel price point 8090.00 about
+1,950 ticks away. I am going to turn to the
five minute time frame and will look for counter
trend line breaks bullish,...
I think most of us will be surprised by this huge bounce up this morning. However, I am still confident that the bear trend has been initiated and you could short more if you want. I think a good level to short at is 7651.5, a high from a previous day. More downside incoming. Take a breath and move on.
Will the Nasdaq 100 time frame hold at support and make a full recovery? This is the time to keep a close eye on this symbol. Now is not the time to be a hero and call the bottom, but it is the time to be ready.
Summary : Go Short @7960 area
Target Profit 1 @7310 area
Target Profit 2 @6930 area
Stop Loss @8312 area
AS WE CAN SEE Nasdaq Mini Futures is running in a trading range right now, and the dominant trend is still bearish. There's some indication that the price will continue pushed down as there's a small Rising Wedge inside the...