DOWNTREND SUPPLY AND DEMAND UPTREND FIBO RETRACEMENTS
PRICE ACTION PATTERNS TRADE THE CONSOLIDATION BREAKOUT
A successful trader gets when to change your strategy as new information becomes available. Yesterday I posted an idea for a LONG position but I was stopped out for a small loss. Now we have more data so my strategy has changed to SHORT. Points in favor of long: - we have broken a many time tested resistance - we have a new local high. Not by a hole lot but a new...
BUY THE DIPS AND SELL THE HIGHS MOVING AVERAGE 20 PERIOD
RETEST SUPPLY ZONE [neckline} Looking for breakout higher major downtrend breakout possible pullback before new highs
Nasdaq price has fallen from 14900 and has broken through to COMPLETE Lower high and close the gap on H1. We are now expecting the price to come to the nexresistance 15000 - the lower support, which is very strong and may hold its structure. if it holds, price will go back up to the previous HH before coming back down to attempt to break lower support line ...
Analysis done on the daily/4H timeframe. Nas has been overall very bullish , with very few corrections. How much longer can this go on for? As you can see, i've drawn out a few supply and demand (S&D) zones from the 4H TF. The last two 4H candles have been in favour of the bulls, with massive wicks to the downside. I've actually entered a buy here myself. This is...
Possibly a pullback to target 14350 or lower CHECK PREVIOUS LINK TO CHART
Just A long term short idea Tesla Inc (NASDAQ:TSLA) has taken to the top of the annual American-Made Index (AMI) published by Cars.com for the first time ever. The pandemic has caused many American companies to struggle and put thousands of its citizens out of work, which has put a spotlight on the message to spend on homegrown businesses. Tesla hasn’t struggled...
The dollar seems not to be performing for the past couple of weeks TECH gains therefore manufacturing gains Tech new reason for possible less employment Neutral I would Wait for confirmation of CPI INDEX before ISM final say
3 CANDLE INVERTED H AND S
KEY Takeaways OF STRATEGY ABOVE Andrews' pitchfork is a method that uses a series of three trendlines to identify trends and reversals. Higher and lower trend lines denote support and resistance. Andrews' Pitchfork can provide momentum traders with signals in the long- or intermediate-term, where it is most useful in predicting more protracted market swings. It...
Looking at the long term primary trend, a healthy correction is needed for the next leg up. Tech is taking a breather to grab more strength and continue its run to the upside. Primary trend is intact, look for increasing volume towards the 13000 weekly demand level when it gets there, increasing volume will show strength in the primary trend. If there is no...
My bias is a long setup on NQ. But as you can see I have a long and short set up trigger because you never know what price will do. If you wait for your trigger you will be right on direction 100% of time. This does not mean you make money as this is depend on your risk management which by far is most important thing in trading. Long trigger Wait for 4 h candle...