NDAQ
NDAQ - Expanding channel patternSymetrical Channel up broke up at june'12 and aug'15
this broke up trigger ascending channel pattern, as correction type pattern.
As we can see small ABCD fibonacci retracement pattern perform with target at 1.1618 around .382 major trend fibs.
this is a good level to enter long with target at B expanding pattern.
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
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Nasdaq - some bearish divergence on monthly RSII've circled in yellow some bearish divergence on the Nasdaq . notice the overall similarity in structure of the recent pattern to the pre-crash of 2008. I would be watching this closely, but I'm yet to call this a big short due to the relatively small amount of bearish divergence this time around when compared to pre-'08 crash. if anything negative does happen, it will likely be a smaller correction when compared to '08.
NASDAQ ALL SET FOR LONG FOR MEDIUM TERMNASDAQ STOCK is going through a overall Corrective Context with a consistent respect of its key S/R levels. Now 67.00 level has broken. so retracement from 67.00 or near that level we can go for long targeting 69.65.
Bias will be changed only if a major break down happens in bearish side below 67.00. Probability is few of it.
So I am staying with the Bullish. Happy Trading. Like and Follow me for more charts.
NASDAQ - "PARTY IS OVER"...is it?Holy Moly...
I use Newtons law of Action/Reaction many years now.
And again - i'm floored once more, how one can do a little "magic" with this knowledge.
Time will tell if we go down from here, but hey - If I see the previous FACTS in front of me, I really don't bet anything for another move up!
Thanks to all my followers for your support!
P!
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Descending channel. $QQQ $SQQQ $TQQQ $QLD $QID $PSQBearish signal triggered on 1HR chart. Estimated entry point at ~107.50.
