khanzed897

khanzed897

NAS100 is approaching the 0.786 trend line of the Fib Speed Resistance Fan. If it is gonna head upwards in this week, the time is soon. I still believe NAS has at least 1 more move to the upside to 15 233 minimum. A clear break of this fib trend line would spell a bearish bias. There is also confluence on a trend line I've drawn and the support zone. Remember,...

khanzed897

The current price action we've seen the passed week, has forced me to adapt and try to profit of ranging markets and develop a strategy. I have 3 daily zones which price is ping ponging off with the middle zone more like a pitstop. I'm using the Williams Percent Range as I believe this is the best indicator for range trading. Larry Williams himself stated in his...

khanzed897

Following up from the idea earlier (link below) my bias is now long. There's confluence on the 0.382 area first but the most traffic is around 0.618 area as well. This could be a classic dump and pump before earnings but another way to look at it is the market makers don't expect good earnings due to delta variant cases rising. I'm more inclined to the dump and...

khanzed897

NAS100 has been in a range from yesterday. Looking at the daily timeframe, if you take the fib from the low on the 8th July to the high on the 14th of July, you'll notice price hit the -0.272 target from which we've got this range. My bias is a sell although with such a vital week news wise coupled with earnings it can go either way. If it break to the downside...

khanzed897 Updated 

Hi guys, after a crazy down day on Monday, price has made a daily retracement to the golden ratio to allow us into the trade. Short NASDAQ with a safe stop. Very important: on Monday fomo might have kicked in thinking we won't get in trade due to the huge drop but remember, price always retraces so keep calm and all the best. Please leave a comment and let me...

khanzed897 Updated 

After an 8 week bullish trend, NASDAQ should start its retracement further validated after seeing a triple top reversal. Price should go to 14560 region before reassessing.