Ndxshort
Nasdaq 100 (3H) / Primary & Alternate (Green) We are drifting into the inferior part of the channel. As you can see, prices are well contained within parallel lines since the bottom and have been flirting all the way up around the ML. This is not bullish price action. Within an impulse, the base channel is usually breached to the upside. We may have topped at the 1:1 extension in SPX and at the 1.272 in NDX. Bullish case still on the table (you never know) but less likely IMHO.
NASDAQ 100 Small Short or Big ShortHey, this one is pretty simple, can be retesting the green line number 1, there will reach a darn good resistance, if breaks and retest should reach near 6395, if go even lower we may see NDX go straight to line 2 like a ball droping out of your hand. Just kidding, but there is a possibility of reaching line 2. So stay sharp seeing these levels. If we have good news about a new vaccine should Stay near line 1 and go up again. Let`s hope for a vaccine. Watch out the fibo levels, there still a great possibility of going to lower levels. Its not a recommendation, so go decide yourself what you should do.
Warning! Nasdaq to 5900"""this is not financial advice""""
We are in very difficult time, the economy is at risk due to the lockdown and the huge unemployment numbers. The administration trying to motivate the market but bears are already in control. No one knows the bottom but the coming days we may see horrible horrible red charts. the next stop for nasdaq is 6570 if we break it we may see NDX touch 5900 or lower.
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.
NASDAQ 100 Short 4HR Expanded Flat Correction NQ1!Elliot Impulse Wave followed by an expanded flat correction with fibonacci analysis.
Wave (b) is 1.382 of wave (a) and wave (c) should be 1.618 or 2.618 of wave (a), which would align with the .382 or .618 retracement of wave 0 - 5
In addition, bearish divergence on the RSI with a HH on the price and a LH on the RSI.
nVidia [REVISED] | Shorting the Bubble Part 2?Confirmation/Entry: 124.46 (ideal) / 188.78 (early) / 227.89 (risky +)
Invalidation: Local high
Target: Three targets on chart
TF: D
Leverage: 2x
Pattern: 1) Weekly bearish impulse with 2) break of weekly EMA50, 3) death cross on daily, and 4) daily EMA200 resistance.
Weekly snapshot. Notice the trading between the EMA50 and 200.