Price action rules suggest that once a trend line is broke, we tend to make a new extreme before the reversal. As we can see here, price has broke, made a new high, and is not stagnant. Just as horizontal break and retests are a thing for support/resistance, angular break and retests occur on trend lines as well. It'll be interesting to see.
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It looks like NQ should break the weekly highs here and it should be looking backwards be a strong push ahead but because of the current market conditions this could simply be a liquidity grab before going back downwards especially if interest rates are raised next quarter. Would I swing here for the long run? Absolutely not! Wait for some kind of a confirmation...
There are 2 scenarios that I expect to occur, both with the final outcome, the circumstantial achievement of historical highs, because: we had a response to the restrictive monetary policies of the FED before 3/11/2023 with a lower than expected NFP and a rate of rising unemployment; then with decreasing inflation. I expect scenario 1 (white) to occur if in these...
Tuesday’s profile yesterday was tricky on both sides, eventually, strong bullish fundamentals give us a bullish continuation. After CPI heavy impact news, price dropped heavily into a discount to M30 FVG, supported with Weekly VWAP, creating a nice M3 +Breaker, and the rest is bullish following patterns targeting the previous Swing high before the red news and...
Hello I have inserted my personal work chart for this am so I can share exactly what I'm looking at. I just discovered this today. There is a gap below current price that should be watched. I don't suspect many are trading today but if you are, good luck. Also be mindful trading view is rolling over contracts automatically on charts EARLY and this will give...
Nasdaq needs one more high to complete yellow wave 5, right at the confluence with ext 2,00 green. Typically that means that all of wave 3 is about to complete. Next it will correct on wave 4
The NQ 1-hour chart depicts a clear trading range between the key resistance at 16,085 and the current key support at 15,940, with a prevailing bullish sentiment within this range. Below the key support, a previously tested demand zone ranging from 15,930 to 15,890 exists. Shorting into this demand zone carries high risk, requiring a loss of the key support level...
A potential bull flag is emerging on the NQ 4-hour chart, with the 15945 level acting as critical support. As the market experiences a period of consolidation, we observe a gradual descent towards this support zone. This consolidation phase, following a prolonged bull run, raises questions about the market's next move: will the bull flag lead to another upward...
CME_MINI:NQ1! CME_MINI:ES1! We can see that the ES chart is weaker and more "bearish" than the NQ. That means in the next week open if ES breaks the checkpoint "1" we can easily see an ATH for NQ , because we have already broken the checkpoint "1" on NQ . So I think the direction and the sentiment of NQ are highly based on whether ES breaks above or bellow the...
The price of eBay stock recently ventured into the green target zone (coordinates: $37.48 - $29.58) with a candlestick. However, the dip into the zone did not last long, as the stock immediately rebounded by 11%. Our primary scenario is for the price to drop back into the zone and anchor the low of the green wave (B) a little lower. However, it should be noted...
Using the SPX as a reference for ease of use, at the beginning of the November rally I asked whether or not manipulation would come after we saw a 5% rally in 3 days just because the U.S. Treasury decided to spam bonds at a lower, but still already highly inflated, rate in Q4 than they did in Q3. SPY - Did We Bottom, Or Is Manipulation Coming? The week...
Monday Market Update: Bitcoin continues in its high range as ETH starts to regain some important levels after doing a deep drive down and retest. TradFi indices are still holding levels as the DXY retests its yearly open, completing a 3 drive to the downside. The expectation is that markets will continue unless local structure is broken on the TradFi Indices in...
Overview NQ seems to be operating within a descending triangle pattern at the moment. This formation doesn't necessarily indicate a bullish or bearish trend, but a breakout in either direction could provide significant insights. In addition to the descending triangle, it's evident that we're currently ranging between two crucial levels: 16000, which acts as a...
In previous threads looking at SPY: SPY - Did We Bottom, Or Is Manipulation Coming? Nasdaq Nasdaq Futes - You Wanted a Dip For That 'Santa Rally,' Aye? And ES SPX ES - Welcome To The Fourth Quarter Rodeo We've noted that both the extreme bear and extreme bull cases are dubious. After the five day 8% rally to start the month, we warned that...
Selling only after the retest of the HMA **This is just my trading thought process and does not constitute as financial advice. **Please trade with proper risk management**
As we had a massive push up by buyers last week, now we are in zone that we need to have more cautious. buyers were trapped there before, and we expect a little rotation to lower levels and then a decision to where we are going. Attention for ES and RTY wich are relentless to the resistance zone now. VIX very low, and expectation is to increase a...
Ok, this may be a bit much, but I'm bored and there are too many kids upstairs...... Well, I love me some Fibs, so take a look at some of these. The two Cypher patterns, the 2nd smaller one is set to the exact same parameters (measurements) as the first one. The yellow line is the path that the market had been on, except COVID hit and the market got back on path...