Hey y'all… The highly requested—Is here.
Most of us love the idea of a bare chart… but can't seem to let go of the values—by indicators.
One of the most important signals in—Nasdaq100 are divergence.
Pfft… So, I thought… Why not make it easy?
This is my own theory—So… you might not get it on YouTube or books.
As observed after April 2021 price breaking swing high, price pullback to re-test the high of March '21 swing low. Similar scenario seems to be playing out. Nasdaq ended last 2 trading week creating a bearish engulfing candles. These potentially can drag price down towards the trendline and price re-testing the high of Sept/Oct 21 swing low...
- Let emotions...
It's no secret that Nasdaq has been in a Bullish direction for quite a long time but levels were created & it seemed to be in a ranging market for a little while & broke the 16400.4 level but came back into that level again making it a ranging market between 16400.4 & of course 15909.4 relevant again; the most significant level of the previous uptrend (15909.4)....
fundamentals are the biggest reason for the move to the downside witnessed Friday.
We are waiting for confirmation before we enter and ride with it to the upside with 1st at 16192.00 and and 2nd at 16391.00
However, with the new Covid variant stressing the world at the moment and holidays approaching, protect your equity at all cost
NAS with uptrend, Not confirmed yet
See price action, before go long
Targets on chart.
Be carefull, patient and discipline.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority....
For those who know about liquidity will see what I am in the above analysis found on the weekly timeframe.
my initial target for my sells were 15000 BUT after analysing the weekly we can see equal lows which is why i will make my second target 13500.
If you look at my previous analysis for the sells we have that head and shoulders and that pattern lines up with...
with the recent rejection on NAS100 we should all just keep an open eye trade wisely and never forget to make your own research and the NAS100 is making some rejection back to fill up the trend but never forget do not predict the market
So this week has really been for the lessons; The month has been great.
I remember starting off... It was a bit of a struggle---Due to the bulls and bears clashing.
Took 6 trades in total...
5 wins and a loss. This brought my account to 6.2% for this month.
I've been so proud of my growth and I hope to...
Here on NASDAQ price is once again at the top of the overall structure.
From my 2 previous short idea, they all hit the bottom of the higher time frame ascending structure, but did not continue lower.
This is simply a sign of the HTF correction phase isn't over.
Now, we are once again at the top, and bearish price action has begun on the LTF....
Hey nothing goes in a strait line. This is a nice excuse for them to drop the market. I expect 10 % or maximum 15% dip. If we are true about this. the next big impulse from the lows of 15.000 will take us to 20.000.
P.S. Yes Im very accurate, U shall not take these as investment advise. they could be wrong.
On the past Idea I shared about Nasdaq Idea, Things did not turn out the way I expected. Which brings me back to this important fact that trading the Plan is the most important thing if you hope to make money with Nasdaq
Your execution has to be On point or you'll need a very stable account
With a small account entries have to be perfect, you should never force...