Hi Everyone, Just to share a near term forecast for September month. To summarise: -Short-term bottom expected around 11.6-11.8k range to complete Wave I of C, with the completion of wave v. -Expect a correction to at least 12.4k to complete Wave II of C. -New lows expected with Wave III and V of C, thereafter. This analysis is invalidated if prices exceed...
se can see 13000 near level in coming day... elliot wave this time give bearish signal wave 3 near to end....
Seems to be more likely that NDQ faces a big break down. Look at MACD and RSI and the rising wedge. What do you think? bullish or bearish for the next four weeks?
We are approaching major resistance area. Formed by macro GP and Descending Parallel Channel. A short from here it's reasonable. This path could play out just fine. Note that if resistance is broken and will offer support, the "moon" is the next stop.
Growth stocks getting hammered as of late. NDQ following bearish channel. Where is the bottom? Who knows but we can guess according possible confluence areas. Downside targets 11,0964.00ish 10,650.00ish 9,400.00ish ** $8200.00ish Upside? 13k 14k
NDQ = Current price @ 11,923 The Nasdaq has yet again rejected resistance at 12,560 for the 5th time now and is heading back to previous support @ 11,699 The Nasdaq has been in a bearish trend since the war in Ukraine started what is fueling the bearish move is actually inflation worries in the US as well as poor Q1 reports from companies like Amazon, Netflix,...
The Nasdaq 100 index NDX confirmed an inverted head & shoulders pattern breakout on the hourly timeframe to support a short term upward correction that may test 13,100 supply area as a minimum target within the broader downward trend. Nasdaq 100 climbed 320.53 points or 2.62 percent on Tuesday to settle at 12,564.11, just a few points off the day's high.
Is usd index going up?? Judging by what I see,it looks like usd index is gaining some momentum,just not sure but a long is what I see coming forth. Leave your comment or analysis in the comments below😊
Having a look at the Nasdaq and what I have been saying for the last few weeks seems to be a strong possibility at this point in time. This is still not confirmed as yet but the sell off towards the end of last week shows strong supply at the 61.8% Fib retracement level. I'm still not keen to sell into this but should wave three play out, I will be looking for buy...
NDQ Index Yearly : Big Support : 11160 Area Blue Line Is 50 EMą M in Chart Here We need more time for breathing Q3 - Q4 We are Bullish?!
Previously, I’ve demonstrated stepping-stone descending horizontal Wyckoff re-distribution trading ranges for BTC. The fact that the BTC price action broke the trading range support to the downside for a sustained period of time supports the notion of a re-distribution trading range. I opened a short position near the trading range support ($41,313). Since then,...
It can go up by tapping its support It is better not to enter a full position
It can fall to the specified area and then return, but do not think about buying
We expect a downward trend for Nasdaq It is better to follow the price crack carefully
It can continue to fall. It can be bought near the resistance area
Due to the penetration under the support area can be a fall