RSI Overbought, the price is in a short area.
Since the price made new LH and new LL the last days we could expect a new LL.
The stop loss should be about the last swing high.
Nasdaq H4 - Don't be fooled by the current rally, last weeks price action already laid down the cards for a bearish reversal in equities and currently price is retesting a strong supply zone it created last week. In terms of fundamentals, correlations and technical analysis, everything is aligned for a bear market or a bearish pullback in stocks for now. US10yr...
Hi Guys,
I posted yesterday regarding a harmonic pattern on the Nasdaq in a potential strong support area. The index responded to that price point and resulted in a nice move up. Unfortunately I didn't get to trade that as I was asleep at the time it happened.
The next area that we may see some selling occur is the one that I've highlighted on the chart and just...
Upon analyzing the Nasdaq index in the four-hour timeframe, the price is moving within an ascending channel and has reached the support zone at 1746. If the price can break out of this support level, we can predict a potential movement towards the support levels at 1713 and 1691.In an alternative scenario, if the price can break out of the resistance zone at 1764,...
Having studied Nas100 for sometime now, I've noticed that it has a bullish turning movement of a head and shoulder. Expecting the market to correct/pull back into 4H demand before continuing to break all time highs. Expecting move from now until early next week, latest Wednesday.
The Nasdaq-100 (NAS100USD) is rising towards a potential breakout level and momentum could potentially carry price towards our take-profit target.
Entry: 17,817.55
Why we like it:
There is a potential breakout level
Stop Loss: 17,664.85
Why we like it:
There is an overlap support level
Take Profit: 17,965.80
Why we like it:
There is a swing-high resistance...
NAS has recently broke structure to the upside on h1/h4 making it bullish. NAS has been bullish on the daily for a while so now that all time frames are in sync we can look for long opportunities. We can look for key zones where liquidity was pumped into the market and keep our eyes peeled. NAS can either retrace to a 61.8 Fibonacci level where heavy amounts of...
Patience played out for all of you guys who've taken the time to LET THE MARKET COME TO YOU. Trade moved like clockwork. For those onboard I would make sure to take some profit and leave a little portion on the trade.
Personally taken a short scalp yesterday from 17431.6 with 17389.8 as target. Nothing wrong in taking trades 'against' the market as long as you...
- Wenesday Low of the week
SMT ES/YM
- I expect price to retrace not much but a retracement deeper in discount of new dealing range will be permissible
- After that continuation higher with strenght
- Targeting MMBM 17960.9
(Notice 3STD)
- Then BSL above 18042.1
Fellas, NAS fell as per our prev. analysis and now it has played the RSI Divergence on 4hr timeframe.
This may be continuation of Bullish trend or a Triple Top chart pattern. I recommend a trade of 1:1.
Execute well!
We notice that we are in a major correction of the price falling or that there will be a change in direction. We are waiting for the first target to be hit and we determine the second target. After that, the features of the market will become clear to us.
After months of uninterrupted gains, the NASDAQ experienced a significant sell-off above the 18,000-point mark. We believe that the NASDAQ is now ready for a major correction. Here we present a swing trade with a risk/reward ratio of 3:1.
However, we assume that the indicated take profit level will not mark the end of the correction. Instead, we expect the NASDAQ...
