Sellzone
NAS100, What Goes Up Must Come Down!Nasdaq 100 Weekly/Daily Charts-
What goes up must come down! The US100 is operating @ an all time high with the market being in a very strong Uptrend.
Fundamentals- The Nasdaq has staged a massive rally over the last few trading sessions in the aftermath of election night. With challenger Joe Biden looking set to claim victory over incumbent Donald Trump, and prospects of a split congress squashing fears of higher corporate taxes, investors have pushed major stock indices notably higher this week. Nasdaq price action surged almost 10% from last Friday’s close while the S&P 500 and Dow both gained about 7% a piece. This coincided with a sharp slide in the US Dollar and breakout in gold prices.
Price is currently @Monthly Resistance level (brown zone) which has been respected multiple times and this is where I'll be looking for counter-trend opportunities on the 4HR Chart this week!
Link to Weekly Chart;
ETHUSDT is testing the daily dynamic trendline 🦐ETHUSDT is testing the daily dynamic trendline.
The price had a nice breakout on the monthly structure, and now the price is retesting on a weekly timeframe.
IF the price gains bullish momentum and breaks the weekly structure and turn into support, we can set a nice long.
but IF the price will have a breakout downward, and turns the monthly support as resistance, we can set a sell order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURJPY - Supply&DemandHaving a NO Brexit Deal, a strong bearish movement on EURJPY is expected. I'm waiting for the market open and making sure that there isn't any bullish run or market gap towards the upside, without these I will be looking for a shorting opportunity either on a market retest at 123.62. It helps to see a Bearish Gartley Pattern that is formed within the sell zone, which gives a strong trend trading opportunity.