APPLE path and directionHello everyone
Apple started a uptrend in 2018
Apple broke this uptrend in 2020 May
Price so far respecting the new uptrend trend line targeting supply zone above
Daily candle close below this uptrend trend line we might go retest the previous old uptrend then chop
or return back to the normal uptrend since 2018
watch chart for key notes and price action
for any question feel free to ask :)
Nq_f
NQ 4HR - Double Bearish Harmonic PatternsFirst of all - this is my first published idea, so I don't want anyone to trade based of this idea blindly. Second - I know history does not always repeat itself.
Doing some early prep for next week I noticed these two harmonic patterns formed on the 4HR NQ chart. I normally do not trade based off of harmonic patterns, (don't know if these are gartley, butterfly, etc) but they looked so similar in time and precise formation that I had to post. Hoping someone with more experience - especially with harmonic patterns can comment and advise of their thoughts or ideas for confirmation.....thanks!
--IF the corrective wave plays out similar to first, this has potential for 800+ point drop--
SPX | NAS |USOIL Immediate trade references 22SEPWe have failed to hold lower and have seen a bounce and hold of those levels.
SPX key areas is 3280F, Bullish on hold above and bearish below.
Hold above 3280 for a test of 3308/ 3324
Hold below 3280 for a move back to 3250
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NAS 10955 key reference areas, Has been the stronger of the two hence will expect to lead the way for longs.
Will look for a test of 11140 & 111240
Hold below 10950 will look for a rotation and traverse yday range of 10850/ 10790 & Lower
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USOIL is looking bearish for a hold below 40.40-40.20 regions. Hold below that will look to trade bearish
for a move back to 39.50 and lower. swing targets remain at 37.50
NAS Playing Along the zonesNAS was holding weaker on Friday compared to SPX and hence is the more likely candidate for shorts continuation.
We will look for hold below 11900-930F as immediate basis for shorts on pullbacks thesis to hold.
Downside targets remain LOD ( Low Of day ) near 10740 and 10600F
Elliott Wave View: Nasdaq (NQ) Looking to Extend HigherElliott Wave View of NASDAQ (NQ_F) suggests the Index ended the cycle from August 12 low as wave (1) at 11437 high. The pullback in wave (2) unfolded as zigzag correction and ended at 11221.50 low. The index then continued to rally higher in wave (3). Up from August 20 low, wave 1 ended at 11722.50 high. The subdivision of wave 1 unfolded as 5 waves impulse Elliott Wave Structure. Wave ((i)) ended at 11336.75 high and wave ((ii)) dip ended at 11267 low. Index then extended higher in wave ((iii)) towards 11524 high. Wave ((iv)) pullback then ended at 11407 low. Finally, wave ((v)) higher ended at 11722.50 high. This final move completed wave 1 in higher degree.
Afterwards, Index corrected within wave 2, which ended at 11528.42 low. From there, Index resumed the rally and extended higher. Currently, wave 3 is in progress and can see a few more highs before ending the cycle from August 24 low. This would be followed by wave 4 pullback later in 3,7 or 11 swings. While above 11528.42 low, expect the dips in 3,7 or 11 swings to continue to find support for more upside.
NQ Power Range Report with FIB Ext - 8/24/2020 Session
Contract - CME_MINI:NQU2020
- High - 11590.50
- Low - 11571.75
Current Stats
- Gap: N/A
- Session Open ATR: 206.36
- Volume: 21k
- Long-term (Daily) Trend: Bullish
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 8/20/2020 SessionContract - CME_MINI:NQU2020
- High - 11331.25
- Low - 11312.50
Current Stats
- Gap: N/A
- Session Open ATR: 210.85
- Volume: 30k
- Long-term (Daily) Trend: Bullish
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 8/19/2020 SessionContract - CME_MINI:NQU2020
- High - 11437.00
- Low - 11402.25
Current Stats
- Gap: N/A
- Session Open ATR: 211.44
- Volume: 12k
- Long-term (Daily) Trend: Bullish
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 8/17/2020 SessionContract - CME_MINI:NQU2020
- High - 11163.25
- Low - 11145.00
Current Stats
- Gap: N/A
- Session Open ATR: 222.82
- Volume: 14K
- Long-term (Daily) Trend: Bullish
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 8/14/2020 SessionContract - CME_MINI:NQU2020
- High - 11194.50
- Low - 11179.25
Current Stats
- Gap: N/A
- Session Open ATR: 228.68
- Long-term (Daily) Trend: Bullish
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 8/12/2020 SessionContract - CME_MINI:NQU2020
- High - 10945.50
- Low - 10919.75
Current Stats
- Gap: N/A
- Session Open ATR: 232.19
- Long-term (Daily) Trend: Bullish
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 8/11/2020 SessionContract - CME_MINI:NQU2020
- High - 11073.50
- Low - 11059.25
Current Stats
- Gap: N/A
- Session Open ATR: 227.94
- Long-term (Daily) Trend: Bullish
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 8/10/2020 SessionContract - CME_MINI:NQU2020
- High - 11156.75
- Low - 11073.00
*Plus Tweezer Top on the daily chart
Current Stats
- Gap: N/A
- Session Open ATR: 229.06
- Long-term (Daily) Trend: Bullish
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.