I originally drew this Fib Retracement back on April 2, 2022. As we can see, QQQ firmly landed in the Golden Zone today, April 11. We could possibly see a strong move up and out of this zone in the coming days. But, in this market, anything can happen so be prepared!
NAS100USD 4 Hour Chart. We can see the buy and sell signals generated by the crossovers on the MACD. These buy and sell signals are later confirmed when the 5 and 13 EMA's cross above and below the 50 EMA.
US30USD 15 Min Chart for Friday, April 8, 2022. We can see how price action pushed from the Demand Zone from the earlier pre-market, and pushed into a Supply Zone on the day. Then we see price action push further into the Supply Zone from Monday. Using the Fib Retracement, we can take a Sell position in the Monday Supply Zone and exit in the Golden Zone for a...
Using the Fib Tool on the QQQ Daily Chart. Taking it from the low in March to the recent high, we can look for price action to retrace back into the Golden Zone at the ~340 to 344 level. I'll keep this on the chart and see how this actually plays out, keeping in mind that anything can happen at any time in the markets.
Examples of Head & Shoulders patterns on the NAS100 4-hour chart. Sometimes these can be difficult to see. But once in a while they will really pop out. These can be found on multiple timeframes.
Looking at the NAS100 4-hour chart, we can see areas where price pulled back sharply and took out the stop losses. Then the price action continued higher after taking out the stops.
Looking at the NAS100 15 minute chart from today, there appears to have been opportunities for good entries with profit potential. The first Bullish Big Shadow candle is prominent, and provided the best high probability set up, as we can see how it played out. The second candle, not as prominent. But, common to both:
1. Each candle engulfed the prior bearish...
Looking at the NAS100 4 hour chart, we can see a bearish big shadow candle that has recently printed in a supply zone, with plenty of "room to the left." BUT, the candle immediately following the bearish big candle did NOT trigger the Sell Stop Order. What concerns me here is the sideways action that has followed and is unfolding. It seems as if the market is not...
