Get started

Nasdaqtrader

NASDAQ100: A 61-38% RETEST!So i made an analysis that went well which was a double with a bullish rise that lead to a breakout. a retest to 61% (12357) & 50% (12333) might just give us a 38% (12310) reach, a bounce of the 38% (12310) continues the bullish trend but if denied we might just be on our way down. but unfortunately the daily chart shows a bearish rejection so 🤞🏽on this week might just be bullish. if you loved my idea, leave a comment, like and be sure to follow for more 😗😙 cheers! ✌🏽🤑
OANDA:NAS100USD
by UnknownUnicorn12554943
NASDAQ is trading within a downtrend channelCURRENCYCOM:US100 📍 After reaching the record high level around 12500.00 investors are taking their profit because of fear about the economic slow and and doubt over economic rebound 📍 Currently the price is below the 11000.00 key psychological level. Ahead of the US presidential election everyone had a doubt over who is win the election and how they will impose new tax on corporate sector 📍 US100 is trading in a downtrend channel. And series of HH LL LH LL patterns forming. And approaching towards the lower side of the major trend line we can expect a minor rebound from this level 📍 Within this downtrend channel series of bearish flag patterns are formed which is a clear sign of bearish trend 📍 In Elliot wave theory The 3rd minor wave is forming within the major third wave. The 2nd major wave was clearly closed at 61.8% of the 1st wave 📍 Recently the tech shares are in decline phase which in turn the US100 is falling as the tech shares the major movers 📍 The price was felled below the 50,1001200 exponential moving average the Ichimoku cloud is acting as resistance for the bull 📍 If the price moved above 11840.00 level then the bearish trend got invalidated 11840.00 is a 50% Fibonacci level 📍 MACD is in red zone and oscillators are pointing towards bearish trend. But in RSI the strength is slowly fading and we can expect minor rebound up to RSI-50 📍 The next bearish target would be 10310.00 which is a July low level. In alternative case the target would be 10800.00 Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
UShort
by forexorbit
25