I was looking at the start of April 2008 through May 1st 2008, when I noticed similar price action from April 2022 through May 1st 2022.
On both charts, at the start of April to the 1st May the price fell an average of 16%. Since I know what happened in 2008, I used the fib retracement to see how much of retracement the NASDAQ would go and how long it would...
- 5d anomaly
- POTENTIAL HMA buy signal
- with the FOMC meeting later today and an expected 50bps rate hike, it is quite likely market has fully priced it in and we are looking at a sell the rumor buy the news type event
The falling wedge concluded in mid-March brought prices to the highs of February, the most important highs of the year
now it seems to be confirming a inverted continuation head and shoulders
Sell orders filled up the book order of nasdaq for now, let´s see what happens during the opening.
If we fill the gap before dumping more could be a good short opportunity, but I think that if things go sideways it won´t respect the gap at all.
With the global situation as of today, markets are shaky, investors are fearful, and many people are hoping to secure their gains from the past 2 years. Should there be a crash it'll be fast and swift. Be wary.
We have two of the main American indexes at a crucial point with the potential to show weakness. Keep in mind this panic may arrive as fed's talks can take place on Wednesday. On the upper chart, we can see how S&P 500 has made a climb and is currently consolidating within a flag since the descending broadening wedge bullish violation.
On the lower chart Nasdaq...
Hello traders,i prospect a bullish trend on nasdaq.
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