NASDAQ Composite: a PAINFUL DEATH TO ALL; whom BET UPWARDS!
Don't be Surprise if the #NASDAQ Composite | $IXIC collapses!
The #NASDAQComposite looks VERY BAD! Bearish H&S Pattern forming! We should see a NICE BOUNCE here though. As such, I bought some $TWTR on the (almost) 7% selloff! I should be able to sell tomorrow for a quick $500-$1k in profit!
I AM EXPECTING THE ABOVE IN THE COMING WEEKS. SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Likely a RECOVERY WEEK 4 the #NASDAQComposite - we BEAR FLAG'ng!
Good risk reward ratio for shorters, potentially a big correction incoming Similar pattern all across the market, longs should thread carefully
Nasdaq has been in consolidation since start of the second week of this month. 7000 is the strong resistance and 6800 is strong support for this month. NDX is trying to break the 7000 and this rising wedge pattern is giving us the confirmation of bullishness. Break and sustain above 7000 will lead to 7200-7400 and to other hand break and suatin below 6800 will...
Nasdaq Composite (IXIC) continues to remain bullish. It is expected to hit a price target in the range of $8,500 to $12,500 by December 31st, 2018. Price action for 2019 is expected to be more aggressive than that in 2018.
NDX has formed bearish Bar on daily as well as on 4hr Chart. It shows that bears are in control till 6575-6537.Daily Trend is Up but I will Short at 6630 with The STOP Loss of 6665 For The TGT of 6575-6530. My View is is for day trading.
Nasdaq has broken the daily trendline from February 2018'. I will buy Positional with stoploss of 6580 for target 6800.
Strong indication that the highlighted highs will hold. We should start seeing strong down moves in the near future.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
This potentially a very rewarding pair trade. You can enter shorts in Dax (either via CFDs or using the EWG etf) and longs in Nasdaq composite (CFDs or via the QQQ etf), risking 1 time the monthly average true range (but using no stop - the idea is merely to size the trade based on volatility). This is potentially a long term trade, and a good way of gaining short...