Todays video is about my outlook on the market and what I think the future has in store for us. The biggest take away is to not panic in times like these and its best to have a plan in store for big market dips, if it is to scale into positions or whatever suits you best. Hope you guys all enjoy. I will be trying to do these daily so leave tips or anything you...
Hey guys, today I go over my 4 favorite stocks for Wednesday. All these stocks have nice volume and have good potential to break out of resistance. All my plays have triggers that have to be hit in order to execute the trade. Make sure you are not chasing on any of these plays as most of these stocks have already seen nice moves. Hope this watchlist was useful...
Next leg of that rising wedge .
For all of you wondering why the qqq just moved sideways all day. remember this " You have to consolidate to make a flag , bull or bear"
1st TP 358.62 fib support
2nd Tp - 100ma
It is necessary to "zoom-out" a little to get a sense of what the market is doing since last week. As you can see here, the QQQ is trading right in the middle of the lower channel of its price range. Some more downside is possible (as low as $360) before a move to the upside can occur.
A break below this lower channel with volume, velocity, and momentum could...
This is an idea that I have an probably will keep working on for a long time. I haven't shared any ideas in a while, and this idea will be a detailed and one of my best ones so far. The aim is to provide the guidelines on how to improve the decision making of your next trade or investments. I will try to keep it as simple and short as possible. As the chart above...
I cover mostly crypto but it is important to take a look at what stocks are doing in the current environment. Tech stocks finished a set of intermediary impulsive waves in the shape of a leading diagonal (shown in blue)... This leading diagonal went from $165 to $382 and is the first wave of this new bull cycle. By the way, I identified the previous cycle...
In this video tutorial, we quickly show you how the Bars Pattern tool works and why it's important. You can use the Bars Pattern tool to copy, duplicate, and measure specific trading ranges or trading bars.
If you enjoyed this video, please press like! If you want to learn more or have any other questions, leave a comment so we or the community can help you.
Gap down past wave 4 AVWAP, basically just trying to hold onto this 161.8 extension. Right now I think we likely will 3 wave to the upside but the rally will get faded near the downtrend line. I think from that downtrend line rally the market will drop again and we will see a 3 wave move to the downside to finish off a wave Y, at QQQ 352 area. From there it...
In this video I break down my thoughts on the stock market as well as share with you guys my watchlist for this week. If you like this video, please make sure you like and subscribe, I really do appreciate it. Also please note that this is not financial advice. Good Luck!
QQQ Flushed Friday on high volume through the last pivot AVWAP support. This could have a relief rally early next week, but that likely will be faded again. Next line in the sand where we could find our bottom is likely at the 14.6% retracement were the bulls look to regain control and set this wave 4 bottom.
That level (~370) is the 100% extension of wave W...
In this video we will explore:
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Linear Regression Channels are a great way to identify potential key levels of future price action by graphing the normal distribution of a trend.
When using the Regression Trend tool (located in the drawing panel under the “Trend Line Tools” group) two points on a trend are chosen, generally at the beginning of the trend and the end of the trend.
This chart shows the Nasdaq-100 ETF QQQ as a weekly chart going back several years. It shows price, volume , and the newest addition to all TradingView charts... Anchored VWAP. It's been added as a drawing tool and getting started is easy:
1. Select Anchored VWAP from the drawing tools list on the chart’s left-side panel.
2. Now select a point on the chart from...
On the past16 months, this volume indicator was very accurate in order to detect a correction.
Each time it crossed down the dashed line (+ parabolic SAR up and/or squeeze momentum confiming the movement), a correction was met. This method was very accurate (had a great sensitivity and specificity).
The only exception was 1 to 2 months ago (by the way the squeeze...
What is the Pay Yourself First - philosophy?
Paying yourself first is a savings strategy that implies you should save or invest a portion of your income before spending it on other things like bills, groceries, dining out, accessories or anything else you tend to spend your hard earned money on, as part of a savings plan.
In other words, the moment your...
We need a weekly chart perspective on days like this. Looking at this weekly chart for 1 year of the QQQ we are still above the Lower Support level which is at about $360. A conclusion of this pullback could easily take us to the $360 level before this week is out.