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...
so this is just an update of the analysis i published two days ago, the clear-off on the daily seemed like a breakout to me but now i know to always wait for a significant close above or below to confirm a breakout. but my analysis is as follows : 1. we are at a monthly level of support 2. market closed above an upward trendline from the weekly timeframe 3. a...
hope you lot are blessed and are having a great day where ever you are! so my current take on nas100 is as follows : 1. about two weeks back we broke through the neckline of the daily double bottom and we have been in a range for the whole of last week as seen by the rectangle 2. at yesterdays new york open the market showed signs of being strongly bearish...
- Long TP'd X2 - following up from last 2 rounds of BE - short on house $$$
- as depicted...structural played since early July - R:R next structural stop