I just closed my long trade after seeing a strong move to the downside, Im now expecting a short fall. Price has swept the highs of the week and has failed to hold them. This may be a luquidity grab, however im willing to take the punt on it. Again, i dont use physical stop losses however my visual stop is at the high of today.
It is in my humble opinion that the Nasdaq appears to have completed its cycle that began at the low in 2002. The projected potential target would be approximately within the zone of the prior wave 4/red dotted line within the symmetrical triangle. At this current time of posting there appears to be an inverse exotic dragon pattern as well. The Head and...
By checking the Nasdaq chart, we see that the price after collecting liquidity above the level of 18420 has faced selling pressure and is currently trading in the range of 18250! If the price stabilizes below 18360,there will be a greater and heavier fall from the index! Its targets are 18200, 18090 and 17950 respectively! Please support me with your likes and...
Hi all, Looking at the NASDAQ from the 1H time frame we see support that can be found at 18250-18200. From there, I anticipate price to retest the upward trendline which will now act as a resistance line as price closed below this trendline. I will look for setups on shorts around 18400-18350. Next support level can be seen on the 1D time frame at 18100-18050.
market is trying to build momentum so that it can break the resistance zone which it has been trying to do several times, going back to the bullish trend market Nas100 is.
Hello everyone, I would like to see the structure on the 1-hour timeframe break into the premium zone and descend into the discount zone to rebalance the price.
This symbol seems to trade in rising channels. So far price is currently trading in Channel A (smaller channel) and currently facing the resistance of this channel. Would price break the resistance of channel A and move towards the resistance of channel B or will channel A hold?
The only holy grail strategy you need is learning to read raw price action. Raw price action I mean a clean chart with 0 indicators. I barely use indicators on my chart.
Investors have taken some money off the table at the start of a holiday-shortened week So far bears are taking over for a retest
Hey Traders, in today's trading session we are monitoring NASDAQ for a buying opportunity around 18220 zone, NAS100 was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 18220 support area. Trade safe, Joe.
So I have a couple of reasons as to why I can see prices pushing higher. If looking on the 4H we broke out of what looks to be a bullish wedge and also a double bottom. we got a solid pump from yesterdays news. Now we wicked above last Friday's high but no candle closeon the 4H, at least not yet. Momentarily Nas is going short but not for long, we do need it to...
NAS100 Daily Chart Rising Wedge Break Sell on Rise with SL above the highs TPs calculated based on risk taken Price Projection based on Rising Wedge Pattern width 1:3 RR Trade
All through yesterday NAS have been consolidating and swinging within the buy-side liquidity and the Sell side liquidity and made a breakout am expecting a little retracement before embarking on creating a new highs JOIN AND ENJOY Tell us what you think…..?
Hello 👋 📊Nasdaq index analysis in 2 hours short and medium term based on Elliott waves Due to the failure of the upward trend line, the market can complete its ascent in 5 waves, which is currently corrected in the 4th wave. Support wave 4 18230 Target wave 5 range of number 18600
Hi Again As per previous post, this is what i mean regarding the fake Bull Flag. You can clearly see we failed to break the 4H highs and we changed structure here on M30. We have two was in which one can enter. I have previous sells holding from the liquidity purgethat happened friday but we do have an unmitigated order block at the extreme to use. Price is...
Extremely low risk on this trade - refer to bottom to see how i risk. Price has just taken out most of the weeks highs via a very strong, consistent rally. Im expecting price to fake this level to gain the luqidity it needs to push higher. If price does not move higher and manages to break and stay below the newest low then i will close for a small loss and...
Another scenario for NDQ (US100) Please pay special attention to the very accurate trend, channel and colored levels. Be careful BEST MT