NDX FractalsBeen trading against bullish fib line of 1 for ~6000 days continuation of this uptrend are fractals in green and purple, red fractal indicates a drop to fib line of 0 due to the extended time period of this bullish period, I acknowledge that my view may be bias because i prefer to trade cryptocurrency, hence the bullish fractals, but I love making charts. Looks as if log macd is preparing to write an inverse bowl also.
Ndxlong
Nasdaq Composite Still LONG Nasdaq Composite stays in the long mode and tries just now
to make new highs.
For all who are in trades here i have marked some aereas
to watch.
In addition i have added a blue Trendline which is far away at the moment
but we have to look these line in the next week.
At the moment all okay for Longs.
Good trades
If you want to support my work please like them...
and if you want to know more about my trading style
please send my a boardmail.
Renkotrade
Good trades
Long setup NASDAQ 7120 to 7320. [Daily 200ma, Vol node, etc.]I called the last bottom in dec 2018, let's see if I can get this one right.
Buying at 7126 / Closing 7300ish
Strong indication of a bounce this week, I'd bet you could throw 1/3 your stack here at 7120 and 1/3 at 6950 and you're nearly guaranteed to break even at worst.
The Mexican tariff news is BS, no way it's enforceable, it's going to take 1 tweet from Trump over the weekend/Monday to pump $nas100usd 300-400 points. Max Price target is 7400 but 7300 take profit.
Reasons: ---------------------
200 daily MA (white crosses)
Gann Fan support
Horizontal support (white rectangle)
Volume node
0.27 Fib extension from the previous Leg down 5/6-5/13
DAILY TD 9
Oscillators bottomed out and forming bulldivs.
Next Supports are 7030 and 6945. I'd set bids 10-20 points below them.
Note: This chart is intentionally from Jan 1st 2019 to show volume node point of control this year
Situation in NASDAQ 100 1HR Chart en of 03.04.2019Hello to all who watch my charts.
Here today i am check the the Nasdaq 100
A Chart picture says here more than 1000 words says a proverb.
This is good here.
The Nasdaq is in a fine Long Channel
I marked it red
with 2 first support zones at 7530 and 7545 last straight from today
What should you pay attention to:
The Channel should not be left behind in a downturn
If it is, this is either just a warning signal or a direct turnaround.
If the 2 supports hold, we would have a long chance again.
If not, in my eyes the Long is gone at first
Please keep in mind that trend reversals can come very fast either way.
Currently but nothing to see by Short
Good traded for all
Renkotrade
Situation NASDAQ 8:45 NYT LONGNasdaq has just sit on the Blue trendlinei have mnarked
and is still long.
There has been established a new support zone at 7170/7180
i have marked in blue.
Only a trading below that would destroy these setup.
But even if trading below that 7170 at 7150 and 7130
there are some support zones (i have also marked new in blue)
to hold up the bulls.
If 7170 will not hold a possile trading setup is short to range 7130
maximum 7080 but very tricky in my oppinion