nas100 analysis - 28 mar 2023okay...
- first things first we brokeout of a range on the daily that has been going on for about a week
- on the H4 the breakout candlestick closed below the support of the range and the next candlestick retested that level of structure
- pretty straight forward break and retest setup, take profit is at 12420 which is the next level we might go touch and stop loss is a few pips above the high of the retest candle
-risk reward is 1:3, so a good trade if it plays out in our favour
Blessed
s&p 500 analysis - 03 mar 2023hope all you traders are doing great! here are my observations of the s&p...
- so for two days (thursday and wednesday) the market was at a level of support, and price tried to breakout of this support level (on lower time frames) but broke back in to show that it has been respected
- the rejection of yesterdays daily candle are seen as an inverse head and shoulders on the H1
- yesterdays candle closed off bullish, and with a lot of momentum seen by the long body
- and it broke through an intraday level of resistance 3968.71 which is now our support, but price has already retested that level on the london open
- so now i am currently waiting for my peach resistance to get broken and i will go long on the retest of that zone
- but i could be wrong this is just what I THINK WILL HAPPEN ;)
nas100 analysis (15 june - 17 june)lets get straight into it...
1. on the daily we are bearish as seen by the lower highs and lower lows
2. the large bodies of bearish candlesticks show a huge amount of momentum
3. market brokeout of the upward trendline
4. currently market is retesting both the broken support level and trendline and shows huge rejection as seen by the long wick
5. expecting market to push down to the 11027 zone if the weekly candle closes below the 11570 support zone
6. lastly entries will be on the break of counter trendlines or formations of double tops or head and shoulders
nas100 analysis (30 may-03 june)good morning you lot hope you guys have a profitable trading week! my expectations on nasdaq for this week are to go long on it and my reasons are as follows
1. we formed a double bottom and broke it's neckline on the daily timeframe
2. there was a breakout of a downward trendline also on the daily timeframe
3. market has formed a new higher high and broke through previous highs
4. there is a high level of bullish momentum as seen by the size of the candlesticks on higher timeframes
5. i will take entries at the retest of structure as shown on the charts either the resistance level we just broke through now or the one we broke through last week
as my bias changes i'll make sure to update my analysis but feel free to share your insights
God Bless!!!!!
MARK 9:23let us keep the train moving!! this weeks NFP is going to change my life your life and every traders life!!! 😡 i do not care how many accounts you blew or if your equity is below $5 all it takes is mustard seed faith. and remember WHAT YOU HOPE FOR SHAPES WHAT YOU LIVE FOR!