No positions at the moment, tactical shorts with precise entries preferred!
There are 2 parallel line/CHANNELS. 1) RED line & Light GREEN line . (SOLID) 2) ORANGE line & Deep GREEN line. (DOTTED) NASDAQ broke the number 1 CHANNEL even though it made a all time high. In next few days/weeks It will break the 2nd dotted CHANNEL. Which may or may not create a new high but people will thinks it's a buy time. Honestly it's proving that...
Five-Wave Impulse Trend: 5 Distinct Sections Bull trend :Higher highs and higher lows Section Highs and Lows do not overlap .......................................................................................................................................................... Five Wave Trend Rules: 1. Wave 2 cannot exceed the beginning of Wave 1. 2. Wave 4...
Three Tentative Up Trendlines and one broken Tentative Up Trendlines. 1st Support on the 3rd most accelerated Tentative Up Trendline. 1st Resistance @ 4,050 Level