Nasdaq has made a beautiful recovery since its plummet a few weeks back due to the Corona virus pandemic. It is currently trading a near 9481.0 price region.
Consider this price level a very sensitive area because Nas100 is about to test its previous high of 9757.0 in the coming weeks.
My current analysis is based on the H4 timeframe. There are two outcomes from...
-Break above CTL (W Formation neckline)
-Resistance box (expect consolidation)
-TP:10000 LONG TERM
-Consider HL & LL formation
-Failure to break CTL (wait for pair to test & reject)
-Consolidation (fails to continue bullish)
- Fails to break the 200 M.A
-TP:5600 OR NEW LOWER LOW
-Could go bearish at anytime so...
Facebook is currently trading above the 50,100 & 200 moving average .
- Facebook has tested the second resistance and will be looking to hit a new high .
-Take note of the red vertical line as earnings report are due which could boost upside momentum if actual is greater than estimated.
-Facebook is still quite volatile due to its data breach scandal but hopefully...
US OIL bullish momentum undoubtedly strong and may still hold for quite some time.
-Unless OPEC countries decided to reduce oil and petrol prices i'll be looking to long oil to its late 70's
-Structure just recently tested CTL / Support line great time to long and hold.
-Possible H-S formation, currently trading at the right shoulder
-If EURUSD holds its CTL and breaks below H-S neckline .
Enter short position below 1.1538 and hold
-If EURUSD fails to hold its CTL and the trend breaks to the Upside consider H-S formation invalid.
-Preferably wait for a pullback before re-entering.
-Gold currently trading bearish for the past 4 months.
-Structure supports further downward momentum, trend currently trading below the CTL.
-Gold is quite sensitive to Economic data especially Fed Talks and inflation data.
-Possible Cup and handle formation brewing (Early Stages).
Long entry :
Consider this signals only if the trend fails to breakthrough the...