Pair has broken previous highs impulsively and still prints bullish candles, a strong sign of an uptrend on a monthly, weekly, and daily time frame. I anticipated a move to the upside like this on my previous analysis linked below and the market moved as I anticipated. I am anticipating a push to the upside which is at play at the moment, then a pullback to retest...
Pair still prints bullish candles on a weekly dialy and 4h time frame, I am anticipating a continuation to the upside with the market possibly testing previous highs. A small buy with a tight loss to the upside is in play, a flag continuation as a buy signal .
I am anticipating not predicting the market.
Nasdaq is currently on an uptrend on a monthly and weekly time frame. It pushed to the upside, pulled back to the downside then continued to the upside past previous higher highs( See my previous analysis as the market was pulling back to the downside 02 Feb-2021 )
On a daily and 4h time frame, the market tested what was resistant as a support zone several and...
Pair previously pushed passed what was resistance that it tested several times and over extended to the upside on a daily and weekly time frame. At the moment it is correcting to the downside and a possibility of the pair testing of what was resistance as support before it continue to the upside is at play.
A nice possible setup to lookout for. A confirmation...
Looking at how the pair moved on a daily and weekly time frame, it pushed to the downside to test the previous low zone and moved back up to the upside impulsively. Currently, it is testing the previous high zone and a possible continuation to the upside might at play with what was the resistance zone to be tested as a support zone. Waiting for confirmation to see...
Nas recently pushed to test previous higher highs then pulled back to the downside, testing the previous low zone. If it breaks the zone a nice sell would be present with TP just above the uptrend line acting as support.
If Nas respects the zone and starts pushing to the upside, the pullback will act as a flag and a nice buy would present itself when it pushes...
Pair still show bullish momentum on a daily frame, currently consolidating as a mini downtrend( forming a flag,
pair might break from the flat to the upside,.
Possible buy.
Pair broke-out of the descending channel now forming an ascending channel, touched the ascending resistance twice and now showing signs of breaking out. A risky entry would be to buy now or alternatively wait for the 1H or 4H candle to close before buying.
