kebatilealvin

kebatilealvin

The NAS100 has completed its move down from the resistance trendline of H1 rising channel, bounced up early from support at the 8615 level and has now reached the the resistance again. Sell immediately while price is as close to support as possible for better risk/reward since a move to the downside of the channel has been confirmed by a rejection of the...

kebatilealvin Updated 

The NAS100 chart has just confirmed a bounce down from the M15 channel's resistance trendline signalling a strong move to the downside. Price was also simultaneously rejecting the previous high's zone of 8700 Providing further confirmation. First take profit can be placed at 8650 and close the rest at 8615. Be prepared for a strong bullish move immediately after...

kebatilealvin

The Nas100 Hl chart broke up through the channel resistance trendline yesterday. Price has now broke retraced down out of a smaller channel on the M15 to retouch the H1 broken trendline giving us a much better risk/reward to go long. If you were trading the flag from earlier today hope you managed to make decent profit on the move to the resistance trendline.

kebatilealvin

The Nas100 m15 chart has paused from its impulsive bullish move to consolidate downwards forming a bullish flag setup. Price is currently at the support of the flag's channel so an immediate long entry would provide excellent risk/reward. The second long position to average up will only be taken upon confirmation of a break at the channel's resistance trendline....

kebatilealvin

The NAS100 completed formation of a bearish flag pattern on the hourly chart then continued on to confirm a downward move by breaking out of the channel's support trendline. Price respected the 7400.0 level and retraced back to the broken trendline so this should give us a better entry and tighter stop loss. The flagpole suggests that a move down to the 7000.0...

kebatilealvin

The NAS100 made a short retracement upward after hitting our sell stop two days back and has since been drifting sideways/slighty upwards in anticipation of major news releases (including Unemployment Rate and NFP) today. Price has now confirmed a bearish move with a breakout of the consolidation to the downside. The news drops layer on should give price enough...

kebatilealvin

NASDAQ 100 breakout to the downside of rising channel on H1 confirmed. H1 chart broke down out of channel then retested the support trendline. Price is now consolidating below the trendline providing a comfortable sell stop entry right below the consolidation box and a safe stop loss right above it. Target profits can be placed at the top of the 7000.0 region.

kebatilealvin

The NASDAQ 100 continued on its short term rally since the begining of the week, but since no solid or effective treatment for Covid 19 has been found as of yet, a further market plunge should still be expected. The price has now arrived at the strong 8000.0 zone so an immediate turn to the downside is expected although it still wouldn't be surprising to see price...

kebatilealvin

As Covid 19 panic persists and with the US now becoming the epidermic centre, I'm strongly expecting the NAS to continue plunging to the 7000 zone. If however the rally from last week pushes on, this would likely be a pullback to retouch the rising trendline on the daily chart @ 8250 then fall. Be on the lookout for selling opportunities both around current price...