I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis at +- 5:20am. At time of analysis I noted the following: I still had some buy positions running from yesterday. Noted that the early morning bulls had pushed up and were respecting the orange uptrend line. Unfortunately,...
The current state of the NASDAQ indicates an extreme overbought condition, with a rally influenced by speculation surrounding six potential rate cuts in 2024. However, the risk arises from the Federal Reserve's concern about inflation. If the Fed, in response to persistent inflation, opts to raise rates, it could lead to a market decline. Conversely, a decision to...
I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis at +- 5:20am. At time of analysis I noted the following: Early morning bulls had push up even further. Bullish trend is clear and I will be looking exclusively for a buy – “The trend is your friend” However, on pulling...
We are at a pivoting point in the markets, everything seems to be bullish and yet I have this bearish itch. Markets seem to be overpriced, notably the NQ. However the S&P500, has had a healthier correction and the continuation of its rally makes more sense. Since both markets are highly correlated, it would be absurd to short the NQ while the S&P500 looks so...
I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis at +- 5:20am. At time of analysis I noted the following: A double bottom had formed on the 1H and 4H TF. When market patterns form on both the 1H and 4H TFs, we have multi-timeframe confluence, and this is a very powerful...
I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Back from a bit of a long weekend! Did my analysis at +- 5:20am. At time of analysis I noted the following: Nasdaq had been moving strangely since CPI. Consolidating on the D TF with very long wick candles and doji’s forming. But the...
Here I present my technical Analysis for Nas100 , with key zones where I will be more interested in taking some trades.
What are we looking at? 1) An all-time-high (ATH) to end 2023 with fireworks and champagne. 2) A sneaky daily bearish FVG that we know is relevant thanks to step 5 and 7. 3) A retracement creating a range that ends on the notorious 0.618 fib level (weekly fib). 4) The continuation of the general trend, price pulls back into the range and creates a daily...
I will be looking to buy nasdaq100 at lows, where am exactly more comfortable to buy Nas100.
I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) After yesterday’s volatility, I knew that today’s PPI would be important for investors. As the day progressed a double top formed on the 1H TF and a head and shoulders formed on the 4H TF, both sharing the same neckline. The pivot had...
I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Thursday was CPI news release. I usually don’t like trading in the hours before the news event because market is often times very flat. I left a small position open from Wednesday, but closed at A. when I noted the weakness on the 15min...
I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis around 5:20am GMT. At time of analysis, the following was noted: Buy fib was drawn early this morning from swing low at A to swing high at B1…and then later in the day to swing high at B2. Retracement levels written in...
Went long on this setup as h1 is clearly bullish, expecting an expansion and for this low to stay in tact.
I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis around 5:20am GMT. At time of analysis, the following was noted: A double top was forming on the 1H TF (marked with purple lines). I knew that market would come down to test the neckline (marked in pink) of the D Double...
I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Today was a different day for me. I planned the trade I took today over the weekend. Friday 5th Jan trading day ended with a green doji candle close on the D TF. This D candle touched the 0.618 Fib level on the D TF and closed above the...
😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Corrective move, indicating a Point of Interest (POI) for potential reversal. Vigilance is required for a bullish reaction at this level. 🟢 Inducement: Not done yet; waiting for a proper internal bullish BoS. 🟢 Internal Structure:...
NAS moving in a parallel channel, getting resistance with bearish divergence on weekly time frame. It's a long term trade so manage your risk accordingly.
- Double top formation forming on the Daily/Weekly chart - Head & Shoulders Pattern potential to form (2nd top in double top is the head of H&S patter) - Price has reached Fibo 0.618 extension, potential area for reversal - Mean reversion back to the long term trend line (excluding the inflationary impact of money printing) - News celebrating all time high,...