All the previous posts on nasdaq were relevant concerning the market direction of nasdaq sellers willing to put more pressure on the the buyers, market was indecisive but the buyers were taking advantage on the situation, but now we are moving more trades being added making it big!!!
After seeing lower value get filled and the sharp move agaist postive value on the selling side of L, I closed and reversed the postion.
Currently the long is at the 0.00 mark (red line) and will likely hold until end of tomorrow dependent on the re test of buying value above these current prices.
Sl area is at botttom of the large buying pressure of today,...
NASDAQ has had a good bullish run, however the weekly and daily charts suggest slowing momentum. The completion of AB=CD harmonic pattern with the price entering the critical price reversal zone on the weekly and a huge bearish divergence on daily charts are indicators of a potential reversal.
We will have to keep a close eye on the daily chart and look for...
Taken a nice swing trade on US 100 and done trading for the day.
Entered based on the 4H OB (red line) and targeted the buyside of the range we have been trading in and interesting in for the past week
Entry 18263.60
TP 18350
SL 18221
We had some news at 08:30 am (NY time) and you can see how that affected the market. These news events are merely catalysts...
I want to try this sell, in my opinion probable reversal.
The real key regardless of any strategy is to have a decent risk/reward .
You win and you lose , so be cautious.
No financial advice, do your own research
Based on the time the price stays below 18464.70, we will be able to understand which cycle's degree is on the edge.
Given that the time for a T+5U is not over yet, we expect to return to the absolute top in the next months (> 18464.70), but before we have to close a potential T+3/T+4 downward cycle.
We have had a bullish channel for some time, however, the succession of highs and lows has been compromised generating a resistance zone. Taking into account that today's unemployment data will be published, we could see interesting reactions in the price, for which I propose two possible scenarios, which can be seen in the chart.
POI areas for today. I'm waiting for price to take liquidity and react to these areas. I shall personally take entries dependent on how price reacts in these areas. Trade at your own risk. Good luck today!
DAILY
18346, is our beautiful price of interest. We peak above and just below it. There it is a point where we will determine our next move. 18000, being the bounce price and now we are heading to our price of interest. We are anticipating a high yield tomorrow but we are not certain it won't fake out few times before the certain direction.
4H
Double bottom and...
2 Days ago analysis were done and nasdaq did play out good, right now buyers and sellers are having more like a neutral power at the moment. Right now nasdaq is at our sell level and we re-enter our buy trades to take the most out of the market.
Looking at the range, and sideways short term trend, I see a higher possibility or bigger move and continuation of the trend at this level and at this price point, with use of, my new strategy that I have been getting better with and having higher wins :)
