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;
Sellzone
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.
EURUSD-Weekly Market Analysis-Sep20,Wk3This week I'm looking for a trend reversal/ counter-trend trading opportunity on the EURUSD. In short, I'm looking for a selling opportunity. Even when there is a potential Bullish Gartley in play, I'm looking for the shorting opportunity after it has hit its target area(red box).
MSFT - buy support zones analysisHello traders,
Description of the analysis:
Microsoft ( MSFT ) support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
EURUSD-Weekly Market Analysis-Sep20,Wk2You see there are 3 scenarios on EURUSD and all 3 I am waiting for shorting opportunity. That's because EURUSD on the daily chart there is an RSI Divergence. If the market can't break and close above the black box, I'll head in for a shorting opportunity base on the bearish flag pattern. If the market head up straight to the red box then I will be looking to sell within the preferred shorting zone(red box). Even if the market break and close above the red box, I'll be waiting at the bearish shark shorting opportunity.
EURUSD-Weekly Market Analysis-Aug20,Wk4Waiting for a shorting opportunity within the sell zone, this will be a trend reversal trade I'm looking to engage as the Daily Chart shows RSI Divergence.
It could be as simple as a retest of previous support level turn resistance or a bearish bat pattern form within the sell zone to engage the trade.