NASADAQ update after catch 600 pips and new entryWe have lower peaks than peaks. We have a new M pattern. We are waiting to reach the neck for to complete w pattern the pattern to complete the decline
Nasadaq
GoPro Looking Good The 12-month price forecasts for GoPro Inc have a median target of 10.00, with a high estimate of 13.00 and a low estimate of 9.00. The median estimate represents a +13.51% increase from the last price of 8.81.
GoPro is in a bullish channel offering fair price, more buyers are getting in and creating strong confidence level.
- Our option for #GPro is BUY IT.
Do your research before any trade or any investment, make your own decision, be patient and look long term wisely.
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Have a profitable trading.
| Review and analysis by Samadi.Finance |
Market is pregnant, let's see it is a cattle or a baby bear?“Harami” is the Japanese word for pregnant.
What Is a Bearish Harami?
A bearish harami is a two-bar Japanese candlestick pattern that suggests prices may soon reverse to the downside. The pattern consists of a long white candle followed by a small black candle. The opening and closing prices of the second candle must be contained within the body of the first candle. An uptrend precedes the formation of a bearish harami.
Reference Article:
www.investopedia.com
NASDAQ - the intermediate correction is still missing
The intermediate correction in the Nasdaq is still missing. With a break through 14616 points, a wave 4 could start in form of a correction... The bulls should no longer go above 14797 points, otherwise an even more aggressive count would be required. In the end, however, this would not be a bad thing, it would simply go straight up.
As I said, the upcoming correction is nothing big, ideal target would be 14436 points.
It remains exciting, the 14616 points could now give an impulse today that the market starts the small sell-off. Until then, the upward pressure is maintained. I clearly stay away from shorts here!
Nasdaq 100 E-mini-Futures - D1 - MAJOR DOUBLE TOP IN PROGRESS !M1 : Still, for the time being in an ongoing uptrend channel.. but long black
candle in progress should be seen as a first warning signal of a trend reversal
in progress which should of course be confirmed on M1 closing at the end of May.
W1 : Under the influence on a major double top formation in progress with its trigger
level @ 12'207; if activated target is @ 10'350 roughly the bottom of the W1 clouds support
area
D1 : A secondary double top has been confirmed and the target has already been reached.
In addition, we can see a switch mode from bullish to bearish with a new downtrend which
took place from the double peak @ 14064 !
Currently below MBB anf the cluster TS and KS
Nest significant support in this time frame is around the 13'000 area. Warning have a look
at the thickness of the clouds which is very thin around 13'000 = fragility !!!
Below 13'000 focus will be on 13'600, low of March 25th.
H4 : Below the clouds and below all MBB,KS and TS
In order to neutralise the ongoing bearish pressure, we need to see a sustainable recovery, at least
above 13'600/13700 (clouds resistance area !)
H1 : Below the clouds. Watch MBB as indicator
M30 : Below the clouds too, also watch MBB
M15 : same than H1 and M30, watch also MBB
M5 : Recovery, corrective attempt, facing already the clouds as first resistance area
CONCLUSION :
SWITCH HAS BEEN DONE FROM A BULL TREND TO A BEAR ONE.
Therefore, it is not anymore a buy on dips mode but a sell on rally
Sharp 🪒 drop 📉 on NASDAQ: How i will play today sessionHi guys sharing just my thoughs of my today market gameplan.
Today wil be crucial Non Farm Payrolls and Unemployment Rate numbers in conjuction with wednesdays sharp decline in ADP Non-Farm Employment Change.
The long term unemployed rise sharply:
static.seekingalpha.com
Total payroll growth accelerated sharply immediately after the lockdowns were lifted, but has since slowed. This makes tomorrow's jobs report that much more important. A decrease would be very bad as it would confirm the drop in the ADP report from wednesdays, while also indicating an abrupt change in the underlying economy.
static.seekingalpha.com
So this could be some kind of catalyst of move today and next week.
Nasdaq NAS100 | SWING - 1 Oct. 2020Hello my friend | Welcome Back.
Please support this idea with LIKE if you find it useful.
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The ascending triangle is very positive, and in case the support is not broken, it will head towards the upside, as indicated in the chart.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
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NASDAQ100 to MA35Every time the NASDAQ 100 rises above a new significant level, it falls back to the SMA 20, and often even to its SMA35.
Will it behave the same way when it goes above 11,500?
Nasdaq QQQ Testing Major Overhead ResistanceThis is the bear's last hope. Nasdaq is testing very strong overhead resistance that goes back to January 2018.
If it's able to clear this resistance and use it as support, we may continue to see further upside. However, long term traders and institutions will likely see this as a great area to take profit.
I recommend trading on the 1 hour chart to see which side of the trend line price is going. For further confirmation, wait for a retest of the trend line before entering a trade.