I have draw almost identical price movement months ago, and now price is back to 7200 to all of those, who thouth they missed the fun. good news, you did not.
Here we have IXIC closing above Fib Guppy and Tenkan, showing strength and upward momentum to be expected. there is a heavy resistance at 7.6k that if not broken will signal lower lows for the month--will will be a great short opportunity. weekly close within or below fib guppy will signal downward continuation with Tenkan and kijun sitting at 7.3k and 6.9k as...
There is a channel on day chart Beware the bearish shooting star which appear just at top of channel It's a reali bad news for me if the candle stick keeps that long and red... Short target is the red resistance line/ double bottom/ bottom line of the channel
I'm going to share some of my thoughts on technology stocks, and talk about why I am concerned about the future of tech stocks / Nasdaq composite. The red boxes indicate major pullbacks, the blue boxes representing short bear markets. One thing to note is that the bear markets indicated in blue are tradable, whereas the major pullbacks in red really aren't....
We need to break the 24,800 level of previous support from back in Dec to continue this bull run. I suspect if we cannot break the previous support level, possible resistance, we may trade sideways for a couple months. Just food for thought.
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron