Above Green line: Buy Between lines: Hold Below Red line: Sell
I think the correction could be between 3-6% in the next few weeks.
This Bullish channel could be the best framework for the coming months. I think we should consider any decrease in Nasdaq as a correction unless, Nasdaq composite getting outside this bullish channel and trending below it. Another bullish scenario: 16200 by the end of September I should confess I put two much emphasis on trading volume and see the...
Nasdaq is looking for new cycle, if break 14100 zone immediately we can see 14640 Target... it valid only if break 14100 (14/06/2021 analyzed ) Thanks & Regards K Sureshkumar
TVC:IXIC NNDM IDEX It looks as if the downtrend is over. I think it is time to reap what we sowed. There is a clear sign of hammer candlestick. This week will determine if the downtrend is over.
There is a discussion that the market might be heading for a top. I have reviewed the monthly chart going back 20 years to the great big bull of the 90s, the index at the time was consistently uptrending with the the price being 80% above the 50Month MA. The market traded in a channel for years and once it broke above that channel, which became support in 1999 and...
IXIC is still in the green and is growing, and probably at the end of this impulse. We are looking for the Composite to move up further to upper half of 13K to low 14K range of the next few weeks. Currently oversold on the daily with minor momentum drops, so there might be a small pullback before we go even higher up. But do DO you own research before investing in...
Good day Traders. Nasdaq is hot like fire rn as simple as ABC. I'm sure the RSI will oversell @ 80 level & price will reach 16K in that time. Not trading advice, just my current view. Please leave a like. Cheers.
Strong Bearish Engulfing candle on the daily timeframe suggesting we might start to see some further bearish action in the days ahead Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with...
Nasdaq Composite has just finished or about to finish the Wave 2 correction of the larger Wave (3) of the larger Wave 5. Some may identify the 2 Sep to 9 Nov 2020 correction as a triangle, but triangles usually appear in the later part of a larger wave, like the second half of wave 3 or wave 4 or in the case of diagonal triangle, wave 5. This is obviously the...
Of course yesterday's big drop could be the start of a top in the Nasdaq - but now that is not confirmed Price is still above its rising trendline and 50 DMA, which means the pullback is a correction - and iif the uptrend is to continue, a dip to be bought
Linear Regression imposed on the rally since the March low implies a record high in the Nasdaq this week Of course, the trend can still reverse - or just slowdown - but if it keeps the pace & direction of the last 2 months - we are close to a new record high
After a market meltdown, we are now in the situation of a nice correction, price action creating a W pattern and reached previous major gap opening. Furthermore, from a technical perspective price reached the 61 golden ratio fib of the previous impulse, aligned with the 200MA and of course, previous structure which means there is a very high probability of...
As can be seen on chart Gaussian alligator can be seen to be opening bearishly on the weekly chart, with a possible rejection at the top of the ichimoku cloud, it may seem bullish at the moment but in fact this is very bearish. Short at your own risk, big players tend to take out shorts.
Dates in the future with the greatest probability for a price high or price low
Recently Nasdaq Composite has been dropping quickly alongside other major stock indexes. Here is a very obvious ending diagonal in Waves Theory, or 'falling wedge' as technical analysts call it. This kind of fast price decreasing coupled with narrowing space of bounce back is caused by extreme panic selling, which will turn into panic buying once investors...
NASDAQ looking bouncy, drop too sharp a bounce is likely. This theory is supported by a hidden bullish divergence on the weekly chart, in which RSI makes lower lows while price makes higher lows. Will probably go lower after, yet still a nice flip opportunity. Pamp it up! PT on chart.