We are looking at wave (3) in the higher time frame. Wave 1 of wave (3) could be finished or we had a relatively short wave (3). This is unclear for now. We reached the limits of the bearish scenario, we need to see downside from the current level.
We are looking at wave (3) in the higher time frame. Wave 1 of wave (3) could be finished or we had a relatively short wave (3). This is unclear for now. We reached the limits of the bearish scenario, we need to see downside from the current level.
📈 Market in Focus: Core PPI m/m and PPI m/m Data Release Awaited 🕒
🕣 Time: 08:30 NY Time
📰 Event: Core PPI m/m and PPI m/m Release
Today, all eyes are on the imminent release of Core PPI m/m and PPI m/m data , offering insight into changes in the price of finished goods and services sold by producers, with the exclusion of food and energy.
Currently, we find...
Its was a year last year trading a couple of times this pair.
hence, I was expecting a turnover to the downside in Mid January of this year(2024).
it has been moving in an uptrend but soon might make that turnover .
Here I was analyzing for an entry I wanted to take at New York Session.
We are looking at wave (3) in the higher time frame. Wave 1 of wave (3) could be finished or we had a relatively short wave (3). This is unclear for now. We reached the limits of the bearish scenario, we need to see downside from the current level.
NAS100 made a clear judas swing
-we got a raid on buyside liquidity then price quickly ran sell side liquidity only to continue higher
-but wait we went higher i believe to go into a deeper premium to sell Thursday which is tomorrow
Market Observations: The #NAS100 has maintained a bullish trajectory. However, price action on the monthly timeframe suggest the #US100 is overextended. Additionally, the weekly chart reveals a double top pattern, hinting at a potential retracement down to the 50-61.8% Fibonacci levels. This area could provide the liquidity needed for major market players to fill...
With CPI news we saw the market accelerate towards the downside. Its unwillingness to break the midpoint tells a different story. Is this the low of the retracement? Where do we go from here? Im currently anticipating buys but will stay cautious and wait for all confirmations
Let's take a look at a current buying opportunity for both traders & investors on the NASDAQ from both a fundamental & technical perspective.
Please remember to hit that like button before you leave & if you have any questions, comments & concerns feel free to leave them below.
Akil
Hey guys! I'm looking to add to my current long NAS100 around 17800-17700 zone on this pullback. Should price break past this level then I'll be looking at 17500-17400 level to go long.
I maintain my long bias on NAS100 with no TP set in and I will trail my stop loss as I see fit.
Would love to hear your thoughts!
Hello Traders, welcome to today's analysis of Nasdaq.
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Explanation of my video analysis:
For more than 14 years the nasdaq has been trading in a super obvious bullish parallel rising channel. In the beginning of 2023 we had another retest of the lower support which was followed by a +65% rally. If the Nasdaq rejects the current resistance towards the...
We are looking at wave (3) in the higher time frame. Wave 1 of wave (3) could be finished or we had a relatively short wave (3). This is unclear for now. We reached the limits of the bearish scenario, we need to see downside from the current level.
Hello
Let's have a new update of Nasdaq
Well, we see that we are strongly bullish. Be careful, friends, do not enter into sales transactions
Only sell as a quick scalp
With this bullish intensity, targets of 19,000 and 20,000 will be available
Do not enter into any transaction without confirmation
