NASDAQ 100 index, nears UPtrend support line.
I guess we are in a overvalued state. Many signs say this. And normally we have around every 8 year a down trend in de markets. But like the chart says we are not heavy over valued but we are overvalued compared to the year 2000. But like always time will tell us. Short term we will must see some bearish movement.
When it breaks below the channel, the game is over.
Possibly a pitchfork, either way, a pullback before higher
Nasdaq 100, bearish pullback? The Nasdaq 100 I think is completing the pullback of the last breaked bullish trendline (red dotted line) I would go with a multiday short under 5560 with target 5538 and stop 5715
Nasdaq 100, bearish pullback? The Nasdaq 100 I think is completing the pullback of the last breaked bullish trendline (red dotted line) I would go with a multiday short under 5560 with target 5538 and stop 5715
I guess it makes sense in some ways, but BitCoin being the currency that it is shouldn't really have such a trend correlation with the Nasdaq 100/$QQQ/$NDX Because of the volatility of BitCoin and the spikes (up and down) being so vastly greater than that of the $NDX, the way they move together isn't necessarily obvious to see...I drew some lines to show some of...
A H&S reversal pattern has been completed on the daily chart. The target at 5370 comes in just below the 38.2% retracement (@5419). Keep stops tight at ~5770. No need to give the (manipulated) market too much leeway...
The intraday bearflag continues, the strongest becomes the weakest.
Following on from the previous analysis that showed out t arget for wave 3 (reached precisely) , we expected the prices to retrace back to previous supports. But for now it seems to refuse that and prices seemed to look like an early ABC extended flat consolidation . To confirm that we need to temporarily break through resistance and search for a theoric 138.2%...
Wave 3 has reached target and will most likely retrace back to key levels of this impulse. First easy to spot target will be previous (iv) and second one will be defined later but we can speculate on a maximum target at previous wave I overlap (that is strong support as this wave was extended), and a maximum timing with the current price channel support...
Short for significant retrace, triggers in place; long term trade; invalidation of this setup is close above ATH.
Elliott waves count suggests that the TVC:NDX is probably going to reach wave end near the current price area. Offering a retracement opportunity that could retrace back to 100% of last wave (III) as we can see that we already reached theoric target for wave (V). At this point it's hard to say before we've seen what the corrective wave looks like.. But I'm...
re entry to short NAS100. Tgt 62% fib where old pivot stands