Already played out according to predictions in my previous videos. I am expecting a pullback but we are still in a uptrend....
Nasdaq had a retest which made alot of people thing the trend changed, but it was just giving buys opportunities to step in. What are we expecting today ?
Nasdaq reached all time highs, created new highs and had a pull back. Could be a
This is a simple illustration of how I trade and where I think Nasdaq is going and why. Use this to assist your thought process
This view is more of a confirmation of my analysis for the week, I am waiting for the end of day to be able to tell where price will be going next but as a day trader, there often something to trade. Price tested a new high and could be looking at forming a new high low before a higher high.
I have displayed a good entry point for a short and for a long. As a day trader, I go with the trend but also trade pull backs... I am neutral and waiting for an entry. VIEW TO SEE WHAT TO EXPECT
My personal thoughts on nasdaq direction, I am neutral at the moment because price is consolidation. Waiting for a break out of my box regions.
NASDAQ made new high in the present uptrend. It got a retest to the downside and then created a double top. Price rejection makes me predict another retest to the support. See video for more details
Follow up on my previous post.....
As a day trader, I trade with the trend but also take advantage of pull backs. To the newbies, you can do this too, remember keep it simple. Understand price action, do not confuse yourself. I started trading NASDAQ only recently as well that's why I said you can do this.