Fundamental overview:
Signs of mounting inflation have weighed heavily on stocks this week.
That could lead the Federal Reserve to raise its target for short-term interest rates sooner than it has signaled, potentially impacting the stocks and other assets that have benefited in the last year of near-zero borrowing costs.
Technical overview:
In the coming...
How to use TP!
When the order price breaks down Tp1,
you wait for Tp2 and SL moves to Tp1,
so as to secure earnings.
So with Tp2 to Tp3.
When we publish the closing of a position, you close it.
When the order comes to SL, always
consult with us, do not close the order.
Follow your open positions!
Still more drop on current level to 12900. If price closes above the 13000 psych level on H4, buyers will charge in to reverse market back up. Else if the daily demand fails to hold which is unlikely, market will plummet down to 12000. Bulls are higher probability in this scenario.
All the best.
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Hello fellow traders and investors, as you may know, stocks have been pulling back quite a bit recently and for anyone that is an emotional mess because of the current pullback, this trade idea is for you.
For this trade idea, I will be focusing primarily on the tech sector. Tech stocks have just experienced a healthy pullback approaching the bottom trendline, it...
As we can see the market re-tested the 13834.8 level, than after that continued with a downtrend,
A typical example of a double top, A double top pattern consists of several candlesticks that form two peaks or resistance levels that are either equal or near equal height. As we traders look to take sell positions after plotting of the neckline. This neckline can...
Yesterdays sell-off has stopped at a daily demand zone. It Will be interesting to see if the market uses the US employment data today to test the buy limit orders or if they scoop them up pre the news and use the supply sell orders to come back lower for the day
price is at the demand zone waiting for a possible entry.
note that inflation rate could possibly affect my analysis.
trading my ideas may cause you to lose/gain i strongly advice to trade at your own risk.
Nasdaq made a correction as i predict in my previous forecast. Now it dropped to very important trendline which i think is a key level for the Nasdaq. I think that it’s going to bounce from here and looking for a new all time high.
Nasdaq on a daily timeframe is hitting the uptrend line. The market just hit the down Fibonacci zone. If the bulls can push the market up. Now its a perfect time to look for buying opportunities. Go to smaller timeframes and look for opportunities inline with the trend.
As we can see the market re-tested the 13834.8 level, than after that continued with a downtrend,
A typical example of a double top, A double top pattern consists of several candlesticks that form two peaks or resistance levels that are either equal or near equal height. As we traders look to take sell positions after plotting of the neckline. This neckline can...
Watch CPI, but we're below the march fork , support from fib keeps pushing a bullish hammer but it keeps getting stopped banging on the fork's lower third.
Nasdaq has been pretty much topped out since September...
Bloomberg is pumping nasdaq though, as cyclical and travel is priced in....
Based on Yesterday's trade Idea on US 100, In the 1H chart, we can see the Rejection as expected yesterday.
looking back on the H1 the market a new LL and start going to the Fib 38.2 Retracement+Minor Resistance as shown in the chart.
I expect the market to make a new HL as a fakeout where the entry area and Rejection from the Resistance Trend line would be more...
