10905NQ got sliced, now its a resistance. Want to see at least 1h candles to hold that level if tested to confirm the breakdown Im still not in a crash mode till at least after the elections. But as mentioned before Nov will /can be very volatile and red month! ES tested the broken support from the bottom. I have entered with small long, will add
Playing around with Fib channels, trying to find a bear target. 10.5k NQ should show some support as it's not only 62% linear retrace from Covid bottom, but 62% fib channel retrace from 2009 bottom to 2021 ATH. Below 10.5k gets steep pretty fast. Would be looking for 8800 or 7750 based on previous bottoms on the longer term fib channels, shown below.
A lot of traders will be looking at this pattern today. Will the RH shoulder form and will the price travel back up to the neckline? The speculators will buy here, which means they will put their stops under the head. A big pool of liquidity is always a big magnet for stop hunters. I don't trade these patterns but I keep an eye on the market structure to keep...
So Tuesday, the high of the week? quite possibly. Wednesday, FOMC and Powell announce a 75bps rate hike. Talks down the market. Conveniently for anyone that shorted the gap fill, their target of the resting liquidity under the double bottom was realised.
Below that support its over for the bulls, big time! As mentioned many times before, we will re visit Fri lows, we are almost there Lets see if it test it and holds for the 3rd time
I've taught this system to hundreds of people over the past few years. It is a simple HIGHER HIGH/LOWER LOW system based on RSI 60/40. It is great for making decisions about longer-term trending and you can apply short-term technical analysis tools to 4 hour or other intervals to catch shorter-term trends. BITCOIN is BULLISH using this system. In fact, I would...
personaly i belive nasdaq will see fibo 61 12500 soon strongly advice dont pick sell if you have old sell you must close or hedge after red line break ...break it mean new +up trend start good luck
Third quarter results for big tech came out last week and it wasn’t pretty. Is this a harbinger of another low? Look at the price action, the Nasdaq 100 is now sitting just below the .5 Fibonacci Level which has marked a local resistance level. Curiously the price structure looks very familiar when compared with the April to June period. In that episode,...
You tell me if its bullish setup into next week or not. Gaping up and holding the breakout (white line) support/resistance will be def a breakout, otherwise Im not in that camp, even if its going to gap up on Sunday open. All ES and SPX extensions I was looking, got hit. Monday can be (and I think it will be) a very bearish day, lets say Spooky Monday! Cant say...
Thank you to all of you who have been curious and asking questions. This past week I've been busy taking care of family issues and coding. I'm still deep into researching cycles, frequencies, and cycle trends. Often, I take drives to clear my head and think about things. Just last Wednesday, I came up with the idea that multiple cycles may be operating on...
Should of check NQ instead of ES, perfectly in trend channel Will be looking for a higher low to re-enter with longs Please note, I will cut all the longs at the EOD and flip short if we close on the highs!
The NQ daily time frame is in a down channel. The market hit the top of the channel and is now making lower lows and lower highs pushing towards the bottom of the channel. The market has a down Fibonacci with an extension price point 9595.25 about -6,966 ticks below the market. As long as the market stays below the down trend line. It will be a good idea to turn...
I didnt have much time on research today, busy day. But I did spend some time on the NQ, as I didnt do NQ update for a while. I will also add comments to this post after I do my other research and go through few others updates I follow. So stay tuned, high chance this chart will get updated with extra comments several times. So as you can see on the chart, we...
My current sell bias on NQ Have sellers stepped back in this week? Im always sure to keep a tight stop profile, because more or less if im wrong, then im wrong. But im still short, we just made a new qtrly high. Let's see how this plays out. We may see high price movements into the 2nd Qtr Supply, which is a maybe, but if so then longs could be considered in...
This appears to be a Three Drives Up pattern, which is typically a topping pattern and may not follow through well at the bottom of a bear market; but I still expect some pullback to at least 50% retrace ~11100 or 62% ~11000. 11100 POC should show some support regardless of how far it runs. on a little longer TF there's also a POC around 11.2k. Pattern fails if...
in my idea 12444 is nasdaq frist target if you have old sell you must put sl on high , break high mean +up trend stasrt can go to 14000 goodluck
Short term Elliott Wave view on Nasdaq (NQ) shows an incomplete bearish sequence from 11.22.2021 high favoring further downside in the higher time frame. Near term, cycle from 8.16.2022 high has ended and the Index is now rallying to correct this cycle in 3, 7, or 11 swing before the decline resumes. Down from 8.16.2022 high, wave (A) has ended at 10485.39 as the...
nasdaq break 3angel now we must put buystop on today high ...its frist target is fibo 61 be careful from open sell and put SL nasdaq can start wild rally to EMA200 daily 12800 if you have sell you must put SL on today high good luck