Nas100short
DOW JONES\NASDAQ - Tracking Minor Waves - Wave E In ProgressIn this video I make sense of the latest moves in these markets using AriasWave.
I am still bearish these markets and in this video I explain why these moves aren't bullish.
If these markets were going to go higher I would be seeing the evidence but there are no signs of this happening.
I do play devils advocate all the time which is why I am confident in my analysis.
See related ideas linked below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
NASDAQ - Tracking Minor Waves - Short Trade OpportunityFurther to my previous idea on the NASDAQ it's looking like a top is in place.
Similar to the DOW I am expecting lower prices.
Having the confirmation of 2 charts is also important.
You should always be care when trying to use one chart to confirm another because this leads to confirmation bias.
Just make sure you understand the waves because it will be the best evidence.
See related ideas below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
Trading idea nas100Looking for a short on the nas100, area was rejected multiple times on the one hour chart. Will look for a good entry on lower timeframes.
Nas100- Are we done?Nas100 made yesterday a new all-time high just under 12700 zone, the reversal from that point was violent and I think we have a top in place.
Now the index is sitting on the old all-time high support now and a break here would confirm that the break above it was in fact a false one and the index is ready to correct.
My first target for this drop is 11500
NAS hit a top for now?the Nas100 is keen at following bearish divergences (as highlighted), and as you also can see there is a 3 touch bearish divergence here. doesnt look like the fed can hold up this market... we could be very close to a free fall as seen above. pay very close attention to this zone.
NAS100 at 12287'sI think Nas100 will retrace to the levels of 12287's,then from that point it will Continue with the downtrend levels up until 10670,looking to enter a longterm position on this with a small account,but If you looking to grow the account
You can also get it on its way up to the 12287 areas as a buy
Nasdaq- I'm more bearish than 2 days agoIn my weekend comment, I said that I'm bearish Nasdaq and I expect a drop sooner rather than later, and looking at the daily chart after yesterday's vaccine news I become more bearish.
After the hanging mean which concluded last week's run, yesterday we have a very aggressive reversal day that engulfs all Friday's rise and this for me is a clear signal that bulls lost control, vaccine, or no vaccine.
I will look to sell above 12k figure and as a target, I look for 11k zone but I wouldn't be surprised if it drops to 10k in the medium term
Nasdaq where to?The election week was a strong one for Nasdaq, with the price rising and managing to close above 12k.
Now the index is facing resistance and a strong sell zone so we can see the price rolling back to 11k.
On the other hand, a daily close above the previous top would put bulls in control and we can see the technology index making new all-time highs.
That being said, I will look to sell with a tight SL and a 11k target which can have a 1:5 R:R
Nasdaq to 10k soon?Since March, Nas100 almost doubled its value reaching a high of 12500.
Now this resistance is confirmed with a second drop from this zone and it can transform in a double top pattern if we'll have a break of support.
In my opinion, this will be the outcome for Nas100 and I will look to sell rallies.
Only a new all-time high will put a pause on this bearish outlook