Hello fellow traders! The market has been at a very fragile state lately as it appears to be overbought. Last week was a good week for Tech companies as there was a rally that put a couple Dollars in some peoples pocket (Elon Musk). Currently there is fear within the market as people have planned a short however over here we know that a good trader always has two...
Hello fellow traders!
Today’s analysis is not like our usual one. I took a different approach and put more emphasis on the future. (I’m not a psychic but I wish I was)
The red circular areas are possible entry zones. I believe that this is an early formation of the Head and shoulder pattern. Nas100 is long overdue on some bearish movement. I am expecting it to...
Hello fellow Traders.
A triangle has been spotted on Nas100
We will see either 2 of these options. If the next candle closes above the current candle then it is an indication of a continuation of the uptrend of which we will ride up to 10450.
The second option is that Nas100 may drop to the Important support zone before the continuation of the uptrend.
Trend: continuation of the UPTREND
1) It will respect the 9425.2 line and form a bearish movement until it touches the regression line at around 9170. It will then sky rocket up and we could see a new high
2) It will continue ranging within the channel
I am still a student so please do not base your trades on my analysis. Just sharing my thoughts.
I am still a student and new at analyzing charts.
All I did was identify possible support and resistance for an uptrend.
Please may you leave a comment of what you think. Any kind of feedback is much appreciated.