Extended W Formation has formed on Nasdaq. SImilar to Dow Jones. They seem to be leading indices which could drive up the JSE ALSI 40 along with it. We need to bne open minded for potential change ahead but trade according to what we SEE rather than what we feel. Other indicators are showing upside to come. 7>21>200 RSI>50 Price breakout downtrend Target 16,500
As you can see by your self the bearrish period ends at 26 October and we joined at this week at a small bullish trend.Is time for bullish actions and here is one idea of a good trade.Enjoy!
Expectations for Nasdaq: Bullish Stop Loss: 14964.25 (indicated by red dash line) Take Profit: 15404.63 (Bonus- 15474.63) Support and resistance areas this week indicated by orange lines. Prepare > Prediction
NASDAQ 100 Weekly Analysis! Bullish View on NASDAQ 100! NASDAQ 100 Expecting 14000 Level! NASDAQ 100 Moving as per Double Bottom Pattern Analysis! NASDAQ 100 formed a Double Bottom Pattern after a decent downtrend. The index gave breakout to the neck level and did retest to it. After that index moving in upward direction. Now price is moving in a range like...
Brand new day. It's "Wednesday" in Nasdaq100. Not the best days.. especially since the news mostly interupts. The lady is still in a downtrend-range. One that is filled with, Lhs and Lls. My bias remains bearish till a CIS (change in structure) which is: a break past Lhs and new Hhs/Hls are visible. Let the market decide, always!.. December: 2W (2 trades)
The trend is upwards on 15 min chart. Bullish Engulfing candle at the LH will now move towards the next HH.
CURRENCYCOM:US100 S/L 12606.8 - T/P1 12964.9 - T/P2 13230.0 - T/P3 13544.3
I believe that NASDAQ100 is going to retest support then go up to resistance and retest support again before exploding upwards for a long
In the 1h Frame Nasdaq100 confirm the rising triangle pattern. nasdaq100 buy : $10025 target : $10192 stop loss : $9988 Wish you good deals!