Nkululeko_Mpambo

Nkululeko_Mpambo

As long as the price remains above the yellow trendline I will be happy to buy the NASDAQ. This week has literally shown how uncertain the collective is around the current affairs. I am awaiting a break and retest of the counter trendline, to ride it all up until the this years highest high. The D1 FIB target still remains the same as the price has continued to...

Nkululeko_Mpambo

The NASDAQ has created a cone-like bullish channel. The price has retraced at 0.618, making the target set at 0.618. RED retrace = RED target I foresee an inverse H&S pattern. My strategy is buy the NASDAQ once it breaks and retests the counter trendline. My first TP point will be at the all time high of 12466.6. I will wait for a further break of this price...

Nkululeko_Mpambo

Here it. The touch of the highest price ever recorded. I'm awaiting a break and retest of the counter trendline, and a ride up all the way to 12466.6. Check previous idea for the next possible high price.

Nkululeko_Mpambo

16 days until the elections and the bullish momentum on NASDAQ keeps on climbing. 15 more Daily candles is more than enough to reach and break NASDAQ's all time high, to cerate a new all time high. FIB level shows retracement at 0.5 which sets my target to 0.618. RED retrace = RED target I'll be looking for buy opportunities on the H1 timeframe towards the all...

Nkululeko_Mpambo

The recent bullish structure has held firm for the last bullish push before the potential sell off at Septembers highest high. Market sentiments remain unsure on how to react towards the Apple IPhone 12 news amid the upcoming elections, recent talks around the stimulus package, and President Trumps conditions. The market has seen a rapid climb since the opening...

Nkululeko_Mpambo

The NASDAQ has completed the predicted inverse H&S pattern and has broken the bullish channel. I foresee a retest of the channel to the 0.382 retrace point onward towards the 0.682 target point. This move will most probably continue to Sept high of 12344.2 before.

Nkululeko_Mpambo

Retrace at 0.382 Target is 0.618 As per the color codes: RED trace = RED target. BLUE retrace = BLUE target. GREEN retrace = GREEN target. Inverse H&S

Nkululeko_Mpambo

The NASDAQ has created a cone-shaped channel which has been broken and retested. If you had doubts of any bullish movement on the lower timeframes, you can definitely be assured that it's going up. OANDA:NAS100USD

Nkululeko_Mpambo

This is how I have used the Nasdaq 100 Volatility Index in addition to my arsenal of confluences to determine where the NASDAQ is going. Here you will find that the VOLQ moves in the opposite direction near 80% of the time. The section I have marked using the red vertical lines, show the 20% of-the-time playing out. Within that period, the VOLQ and NASDAQ moved in...

Nkululeko_Mpambo

NASDAQ being in an overall bullish momentum on the Monthly timeframe leads me to only look for long opportunities. Even though the current market sentiments based on the president contracting COVID -19, as well as the recent stimulus package denied by the president, I am still looking for the market to push up. 11572.6 is holding up pretty strong as resistance....