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NASDAQ in the C wave as expectedHello trader! As you can see, the NAS100 keeps dropping exactly like what we analysed on 19th March. Thanks to the Elliott Waves, we are now in the C of the ABC correction. We are therefore in the C of the C. We will then see another red week to go to reach the different objectives. First objective: 12250/12173 Second objective (strongest) : 11720/11600. This one is the strongest because we will reach the 50% of the retracement of the 2 years of COVID, and also the 123% of extension
NShort
by ModTrades
US30 Following 2008 Crash PatternI was watching the patterns in 2008 crash, and how it might translate into today's situation. Although there are quite some differences between the 2 events. We are having a "war" at this point, and hoping it doesn't escalate. Pray for peace in Ukraine. That aside. I have the image of the 2008 Weekly candle chart pasted for easy reference against the present market candles. If you look up my previous ideas, I have mentioned the same. In 2008, it was a head and shoulders, a break of the neckline, a re-test of the neckline and a further dive down. In the current market, it is not as obvious, but we are making a lower low, on the weekly today (although there is about 6 hours left 'till market closes for the week). As with a couple of weeks prior, a strong rejection bearish candle (1) led to a fall in 4 consecutive weeks. 2 weeks ago, we had a strong rally but held barely under the close of the strong rejection bearish candle (1) shown in orange highlights. With a couple more hours before market closes, I do expect that current momentum holds the candle bearish. Next week, we'll see how the market reacts. Should another bear candle follow, I would anticipate for price to reach lower into a key demand area around 33200.
OANDA:US30USDShort
by geneAnalytics
AMZN Back to 1300, Nasdaq Back to 7000Back at the end of 2018, I made an attempt to call a longer term bear market for big tech. Linked below are some of those posts. I was new to markets, and all I did was look at the chart. Even back then, the charts for Apple and Amazon looked ridiculous, but now it's undeniable that they've seen parabolic growth. This is the AMZN chart zoomed further in, where you can see how I was dead wrong at the end of 2018, as the money printer and QE kicked in again, taking the market to new highs shortly before the pandemic hit. Then, the pandemic hit and the Fed exhausted the last of its firepower. Will they save the market again? Above, I marked the 1600 and 1300 levels as areas of support, should the current level fail. Also shown on my Amazon chart is the long term uptrend, which has now been broken and confirmed as resistance. I expect markets to fall back to pre-stimulus levels, as the 2021 rally was largely "fake." Even though some of these companies may continue to remain profitable, I think some disappointing earnings will start to trickle in, signaling a depressing outlook for growth in the near future. Take Netflix, for example. It's already getting closer to testing some of those earlier levels. Perhaps it's a "canary in the coal mine" situation. What's especially concerning is that even companies that have exceeded expectations (like Tesla) cannot sustain a rally. Look at that earnings pump and dump: This implies that market participants are exiting regardless, and booking profits after many years of easy economic policy. Now here's something truly hilarious. Elon Musk and Bill Gates claim to be shorting each other's companies! What happens in this scenario? They both still profit. Billionaires are just playing games. Here are some levels marked for Tesla. If Elon continues to innovate and do well, TSLA may not drop quite as much as some others, but that's still a lot of profit on the table. He's even sold some of his own shares himself: And Microsoft: Why Would the Fed Just Let It Happen? The easiest way to fix inflation is perhaps to just simply let things unwind. As big corporations lose profits, smaller businesses close, and people lose their jobs, their homes...a big financial crunch occurs that shocks the living daylights out of our systems. New solutions will need to be found, some of which may seem obvious, such as taxing the wealthy and corporations much more heavily. Some we haven't even dreamt of yet. Here's a speculation: Community living becomes more desirable, and new small businesses will need to emerge to tailer to those communities. A world owned by corporations already causes pressure on communities and small businesses, where your boss is forced into implementing oppressive working conditions to stay afloat. All the while, your next door neighbor begins trading Dogecoin and digital images to finally have a glimpse at paying off his debt or buying a home. It's an escape into a black void that consumes your soul, and the soul of society. Ready for the collapse? Let's see what happens. This is meant for speculation and entertainment only. -Victor Cobra
NASDAQ:AMZNShort
by VictorCobra
15
Tech selloff templateI still think bitocin is leading markets and markets like tech/QQQ are playing out something like this in the chart. With the two fed dates marked in vertical dashed lines. May 5 FOMC talk I suspect actually makes matters worse when there is no indication of fed changing strategy and markets sell off into May 25 bottom after which fed says something dovish - this will set up a bull trap for their institutional buddies to sell into. I think the game is entirely rigged not by the fed but by the people who control the fed who are manipulating the market when they can to suit narratives that the public buys off on.
NASDAQ:QQQShort
by DropDead_Fed
NASDAQ - The Major Correction 🩸Our last analysis on Nasdaq played out PERFECTLY. See below for our previous setup and click play to watch the magic happen... Now we are in the corrective phase and currently in Wave C which is a 5 wave impulse lower. We are currently in the 3rd subwave and expecting a brief retracement for subwave 4 and then another move lower for subwave 5. We have the fibonacci extensions in place for possible reversal zones which we can look at for a bounce. We also have a descending trendline in place to actively monitor any sort of breakout. Bare in mind that a breakout may be a complex correction as opposed to an actual break. We just need to see how price action plays out and then go from there. Right now there isn't any trade setup as we're in the middle of the move. Once we see any sort of corrections, we can prepare ourselves for a trade. Hope this post helps you understand the current market structure. Goodluck and as always, trade safe!
OANDA:NAS100USD
by WicktatorFX
55
Potential crash of BTC/USDAs you can see, my two charts are USDX and BTCUSD. Using the monthly timeframe we can see a resistance level on USDX which has been respected twice. Price is coming up to this zone very soon, and on HTF, USDX is overbought using Stochastic RSI . BTCUSD has been respecting this upwards trend line since around July 2020, becoming more volatile in recent years. As we can see, both are coming to test their respective zones in the near future. Bulls will be looking for the BOS with US Index and for BTCUSD to respect the trend. Bears will be looking for US Index to respect resistance, and for BTCUSD to push down. What we saw in 2020, on the second rejection of support, was a small crash of around $7000 dollars in BTC price (highlighted in red). Now the market has a larger volume, and higher volatility, should USDX respect resistance, we could see a crash in BTC. If you liked this post, please like and follow for more!
BITSTAMP:BTCUSD
by UnknownUnicorn31942210
1
US100 Crash SymptomsHello traders! There are crash symptoms in Nasdaq/US100. Joe Biden Govt failed miserably in all aspects and now the US economy is dropping without leaving any evidence of recovery. Whenever there is a crash market always leaves evidence of recovery and that evidence can be used as a hope of recovery after a crash but in the current case, i am not confident about any major gains in US100. The true reversal point is at 11136. The true reversal point is a strategy that tells a pinpoint reversal number. Hope It will not welcome 7900 soon but there is a chance it will be there within no time. Don't forget to hit the like button and follow to stay connected.
UShort
by Aadil1000x
11
Did we just bearishly flag on Bitcoin ?If we just saw a major bearflag in bitcoin, and this measured move plays out, the world will turn into a crazy bitcoin is worth 12k place... 88% retraces in bear markets are nothing out of the order for bitcoin, and both the .886 and the measured move point to 12k, and looking left, you couldn't even say, that 12k doesn't make sense, that was the one big resistance, BTC topped out there once in 2020 before we went berserk in crypto space. Let's hope TA is wrong here :D
COINBASE:BTCUSDShort
by 10xTrading
2
US30 coming big crash soon You hear this everyone crash is coming the big one .. way back in the years worse crash was back in the Great Depression in 1929. But we should see the very very low price soon.. about 29600 area or 32000 The inflation went to 40 year high.. that’s 8.5% and that is not good for the economy will cause a slow down.. gas prices going up , rent is going up , grocery and much more and the war is escalating very quickly too at ukraine because russia had used there nuclear/chemical weapons. Trade safe and be careful of your trading. THE CRASH IS COMING!
U
by JoyBoyVegae
3