Tradeofgrey

Tradeofgrey

The market has gone back to 11309 area before pushing back down. If price breaks this channel we can see price pushing back down to 10526 area. However if price doesn't break then we may see a break of 11309 area pushing price up further to 11497 area. It is more likely for the sell plan to work out than the buy.

Tradeofgrey

Today was a great day. Price reached our first area of resistance at 11088. This area is a key area as I stated in the previous analysis. If this area fails to break price will push back down to 10690-10526. However if price breaks up then we may see11309. Tomorrow will be a interesting day. On the daily timeframe price has been consolidating and a close above the...

Tradeofgrey

Hello Everyone, Earlier this week, we had a break of a very strong key area of support 11088 which pushed price further down to 10690 area, if this area breaks then we can see further bearish movement to 10526-10371. However if price does not break 10690 then price can push back up to 11088 area. I have drawn key areas to watch out for this week. Bears:...

Tradeofgrey

August closed with a very strong bearish candle with price failing to break 12991 area a very strong area of resistance. The price is now continuing to move down to previous lows of 11391, where if broken will create a new lower low. Keep a eye out for my analysis on the lower timeframes.

Tradeofgrey

Nasdaq has been consolidating in a rising channel and I expect price to break out up pushing price to 13440-13510 areas before coming down. However if price breaks down 13279 then I will expect prices to push down to 13167 or 13053.

Tradeofgrey

Nasdaq is currently on a bullish trend however we will be noticing some bearish pullbacks where price will push down. Currently price is around 12812, if we do have a break of this structure price will push down 12544-12419. If we get a break of this area we can see a change of direction where price can push down further to area of 12167. However if it doesn't...

Tradeofgrey

Hello Everybody. Today nasdaq came and retested 12150, a level which got broken last week. I know expect price to carry on pushing back to areas of 12544 and break from here taking us to 12820. Its a very clear drawing where you can see exactly what has happened so far. How price reacted at the area of support which was once a area of resistance. If I see 12150...

Tradeofgrey

Today we may get some pullbacks before any continuation of the bulls. Price may come back to 12235-12158. However if price does carry on pushing up the we will need a break of the channel next and then we can see price go even higher to 12950 areas!! I have drawn the key areas for bulls and bears. Be patience and keep a eye on how price plays.

Tradeofgrey

nasdaq has made a pullback to 11998 area. If this area is respected price will push back down to 11900 area before breaking to push further down to 11700 area. However if price breaks 11998 area upwards then we may see bulls come right back in pushing price up to 12100 area.

Tradeofgrey

As previously analysed the market is moving inside a triangle. We have now reached the top of this triangle which is also the monthly resistance area. Price should push back down. However if we do break out of this triangle to the upside, I expect price to retest and continue going up and my target will be area of 12500 first stop. I will analysis lower timeframe...

Tradeofgrey

Hello Everyone, Nasdaq hit the monthly area of resistance last week and then pushed the price back down. We can see a triangle has been formed and from previous analysis you have seen how this triangle plays. Usually indicates a bearish move down. We may see price pushing back up to the monthly resistance once more before we get this break down. However there is...

Tradeofgrey

Hello Everybody, The market is currently still in a down trend. Iv analysed what we may see today. There has been a triangle formed. Usually this triangle indicates a continuation down. I expect the price as 11646 area of resistance to be respected and price to continue to fall down. If we do get a break down price will come to 11321-11206. However if the area...

Tradeofgrey

Hello Everyone, We are now approaching month end and its going to be a interesting end. Yesterday bearish move changed the market quite a bit. The hope we had for the buyers have now all changed around and we see the bears right back in. Today if price breaks down we can see it come to the next support 11513-11361, if this breaks then 11216- 11038 (Previous...

Tradeofgrey

We are at a very strong area of support as stated before and this area is still yet to be broken 11247. if this does get broken we can see price push to 10965 area. However if it fails to break price may push back up to 11431 area of resistance

Tradeofgrey

hello Everyone. The price has come to a key area of support as I mentioned in the group yesterday. This area of 11224 is very strong however we can expect a break of this area causing a long wick on the monthly/weekly. However I doubt we will see a month close under there. Today we may see some bullish movements ready for the news release tommorrow, with...

Tradeofgrey

Hi, This is what I think price will do today. The price will most likely come back to 12500 area and then continue moving inside the triangle its created. I don't feel price will be breaking out anytime soon as investors are waiting for some more new reports to come out to make a decision which way to go. So for now patience is the key.

Tradeofgrey

Hello Everybody. Yesterday was a crazy start when New York session opened, A lot of wicks flying around, trapping traders before it eventually going down. We had reached 12500 area again and now price has pushed up a little but I feel price will drop from where we are now 12554 and if not it may go up a little further to 12584 before dropping back to 12500....

Tradeofgrey

Hello Everybody, Hope you all had a great weekend. As you all already know nasdaq has been consolidating in a range from 12850-12500. So what am I looking for this week? The market is still in bullish channel. It looks like its touched the bottom of this channel and price moved back up and is moving towards 12850 zone again. For price to carry on bullish we...