Nasdaq-100 dropped almost 2% that's a 6th straight loosing days as the NVIDA drooped 10% due to Shares of the AI chip leader got swept up in a broader AI sell-off after one analyst noted that Super Micro Computer failed to report preliminary revenue that indicates a doubt of its future result.
Also Netflix (NFLX) dropped over -6% in pre-market trading despite...
The market has been cascading since last week and fulfilling all our analyses. On the weekly timeframe, we see that the market closed with a long BEARISH candle and broke the upward trendline with a full candle body. This week, it has opened with a BULLISH candle indicating that there will be some market manipulation and retracement generally.
However, there is...
As seen on 4hr timeframe price has reached previous 4hr highs at 17600 and fib from previous weekly candle stick from swing high to swing low
Confluences:
1.Price is rejecting from physiologically level 17600
2. Price is rejection of 50% fib level
3.Price has grabbed liquidity at previous 4hr highs and put in a bearish engulfing candle
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Pivot
17100.00
Our preference
Long positions above 17100.00 with targets at 17400.00 & 17540.00 in extension.
Alternative scenario
Below 17100.00 look for further downside with 17000.00 & 16850.00 as targets.
Comment
A support base at 17100.00 has formed and has allowed for a temporary stabilisation.
Supports and...
First entry failed (rare case senario)
so here is a more detailed chart with alternative entry points
where i expect reversal even tho ive been crying wolf (recession crash) im not
looking for it just yet but market doesnt wait for anyone now does it
maybe it may lead to a retracemnt for bearish continuation ill update for interested parties
After the massive selloff of recent weeks, it seems that a countermove is brewing in the NASDAQ. However, bulls should consider that there are now a lot of resistances to overcome. A recovery is therefore likely to be much bumpier than most investors hope for. For long trades, it's advisable to initially choose modest targets.
Hello traders.. kicking off the week here the stock indices are up alongside the USD strength. We have the vix which sold off dring the london session and this tells us that sentiment is leaning towards risk on as call options are being bought. The Nasdaq is moving up here and we could mirror some of the candles to the left handside that we observed during Friday...
Monthly: The price has been dropping since starting of the month disrespecting the M-ERL+. So we are clearly bearish, till we get any bulish reversal in Daily.
Monthly Bias: Bearish.
Daily: On 15 April the price has been created a Bearish D-MSS with a Brake way Gape, since it has been dropping disrespecting 2 D-SSL, now it's about to test the D-FVG+, after...
The red trendline indicates a H&S top… should this H&S min. target be reached it also triggers a much more bearish target with the breakout of a 2yr old rising wedge.
The NASDAQ index has a crucial support level at $17,000, which has held strong in recent trading sessions. In the 3-hour (3H) time frame, there is a notable divergence in the Relative Strength Index (RSI), indicating potential weakening of the current trend. Concurrently, a double bottom pattern has formed after the completion of a five-wave pattern, suggesting a...
- The market has been trading inside a bullish channel since the beginning of 2023 ; the long-term trend is then bullish
- Since the establishment of a new all-time high over 18,430pts, the market has registered a pull-back.
Investors, pushed by fading hopes rate cuts in the US as well as rising geopolitical tensions in the middle-east, decided to temporarily...
