My belief is that NASDAQ100 is in a tight spiral of bouncing of the 200ma which indicates slight more upside but I believe it will test again the support level of 14500 approximately. So there is a short term upside in my opinion and MACD does not indicate cheap but not overbought either as NASDAQ mostly trades in the low 60's and currently is sitting 55.
BTC has collapsed through some vital support levels as we expected it to do (earlier than expected I must say).
It has been showing very weak price action over the last couple of days and a correction was due. When the price goes down, we look for longs and vice versa.
BTC is currently at the bottom of the channel but the momentum has been strong due to the...
Happy Friday folks!
First of all, congratulation if you have taken my last trading idea for EURUSD, you are enjoying at least 100 pips profit :)
Dollar index is quietly setting up an upward momentum with its weekly chart. It is currently trading @ 94.50 while I'm writing this and slightly breached the weekly 20MA @ 94.3
The weekly chart RSI, MACD, Stochastic...
Hello trader,
I will show you my vision about the next months on apple.
First, we should look for the next device that apple will put on market.
Second, “No American company is more inextricably tied to China than Apple,” (Trade war beetwen US and China).
PS: It's just my vision, make your own actions!
Enjoy it!
Very short term trade, time 1-2 weeks. Closed my $50 Puts at $44, had a great earnings play betting to the downside. I'm going to use those profits to take a bit of a gamble and attempt to play the reversal.
Objective:
We're near multiple areas of support at $43, $42, $41, and the 1.168 Fib extension. I'm going long calls that have an August 16th expiration $45...
Drawing fibs from the bottom to these 3 tops shows the price clearly interacting with these support/resistance areas.But we're looking SPECIFICALLY at the 0.786 fib level. I'm going heavily long 40-41, stop loss at $38. Target around $49. Why LTC? The chart is much more simple, and LTC usually bounces well during catastrophic drops like we had today. I can easy...
Hi guys,
I'm looking at a short-term long scenario on the H4 chart. I think we hit a bottom for now and that we will retrace to 0.5 - 0.618 fib before dumping lower. I don't see us going higher yet until further confirmation and more VOLUME.
I'm no financial advisor, just a student who enjoy charting and creating scenario. Time to sleep, good night and happy...
India Global Capitalization days of high flying money pumped in and out are over, so the question is what signal is best for watching for opportunities?
Thoughts: Set CCI to 110 on chart and review as needed. Does anyone use CCI for entries along with charts? Let me know your best practice, in case adding candlesticks for hammer up/down, volume, etc.
Hello guys
After BIG rally, then retracement, BTCUSD seems is having a bounce back to continue the Rally..
Let's try to catch this movement.
Price is Currently bouncing back up from 20 EMA AND 100 EMA, and if it makes a new previous day high, it can easily reach 10K level (our T1) and we can be pretty confident that if this pyshological level is broken, many...
Despite the huge drop last week, SPY looks poised for a bounce, barring any Fed shenanigans. While there is considerable downside if the current white channel support doesn't hold, I expect a bounce up to fill the gap from Friday, and potentially up to the white downtrend channel median in the beginning of the upcoming week.
