Technological companies are suffering. Stocks are falling. Classical Bullish trap. Also keep in mind that Indexes correct statistically in February. Time to fall down. We will take it on intraday trades. In the trade with SL at 17850. RR 1:5
Nasdaq (NDX) is extending its aggressive rise of the Bullish Leg that started on the October 26 2023 Higher Low of the 1-year Channel Up and by the strength of it, it appears it will extend it to the max. That potential max extension is in the range of 18100 - 18300, which is the top of the dashed Channel Up and the top of the dotted 1-year Channel Up, which was...
I believe we are in clear "overbought" territory. I really hate that term but it does have some merit. I like the 16000 area to the short side. Just recently had a new high, 18k is approaching; lots of reasons for a pullback here. I will start accumulating positions now for the move
I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 5:20am
During analysis noted the following:
The 4H EMA has acted as a strong support for 2 x 4H candles (marked at A.)
The D neckline (you see it better on the line chart) that was previously broken down and...
I hope the first half of 2023 has brought much profits to everyone and you are happy with your portfolio performance overall. Moving forward, how should you invest for the remaining months of 2023 ?
Here's my 2cents worth - One, the tech sectors will dominate the growth of the US equity markets for the remaining years with the AI centric companies leading the...
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.
We notice that we are in an upward correction and there is an increase in momentum. We are waiting for sellers to weaken in order to buy, and there is a divergence
Here we go...Let's try a sell for the rest of the day on VANTAGE:NAS100 ...I know it's a small move but I'm hoping for a pullback..NAS100 owes me money!
Interesting pa on US 100 this morning.
Looking to play this short IF it sets up.
Will enter below 17725 and target the sellside liquidity resting around 17640.
A clean reclaim of 17750 and the trade idea will be invalidated.
Entry 17722
SL 17768
TP 17640
Let's see where the market wants to go and let's FOLLOW ITS LEAD
Stay safe and never risk more than...
