Next 12M price action prediction:
1. santa clause run up into year end into HTF resistance
2. sell of in jan we lose 50DMA and support in green line, but then find support on 200DMAQ and support in red + green line.
3. we run up intil end of may and then lose 200DMA to later on drop 20% down to 200WMA and HTF Support.
4. We then run it up again in 2025 2H and 2026
1. santa clause run up into year end into HTF resistance
2. sell of in jan we lose 50DMA and support in green line, but then find support on 200DMAQ and support in red + green line.
3. we run up intil end of may and then lose 200DMA to later on drop 20% down to 200WMA and HTF Support.
4. We then run it up again in 2025 2H and 2026
Note
5. Oh and this will in part be fueled by techincal tops according to the chart here. but also by trade wars/threat of trade wars, us lowering interest rates due to those trade wars - as well as BOJ raising one more time. therefore moving capital away from US, in part due to currency depreciation. Trade active
green trendline wasnt perfectly alligned with 200DMA so we dropped a bit down below it but landed on the 5700 line in red and 200DMA as expected.
Volume is very high into this support so i expect this to hold and give a bounce. But now much depends on the tariffs so lets see, if all is good on that front then 6600 is on the table. otherwise if shit hits the fan we go to 5000.
Trade closed: target reached
lets see if we can reclaim the 200DMA and red trendline - otherwise we are going to according to red line to about 5000. Seems quite likely now and would be a nice place to buuy
Then for nasdaq - buying 16400 old ATH, log 1m 15year channel and 200WMA seems like a very good spot to add.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.