US
Why I Don't Fear A Market Crash...Check out the Coronavirus Crash on the Nasdaq Daily...
If you were to have rode this up from the daily breakout, you can can see the daily movement of each candle. As soon as I know the daily candle is falling below the 50MA I'm closing my position and locking in the profit. Then I'll wait and see where the market goes from there.
Individual stocks can bottom out like they didn't exist, but established indexes and ETFs like the Nasdaq for example, are not so easily tripped over.
NASDAQ US100 Chart Analysis February 19
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I will begin NASDAQ ZeroMarket US100 Chart Analysis for February 19.
It's a 30-minute chart neutral strategy.
Based on the green support line,
It seems that the direction will be decided.
* When the red arrow moves,
Long -> Short switching strategy.
The stop loss is the green support line.
In the section in contact with the sky blue finger,
It looks like a direction will come out.
* When the sky blue finger moves,
Short -> Long switching strategy.
Stop loss when entering a short, red resistance line
When switching long, the stop loss is the red support line.
Likewise, in the spot where it touches the green arrow section,
Direction is determined.
Today's strategy will only proceed to this point.
Thank you again this week.
Thank you.
Shorts Only price broke into support and I waited for a pullback into supply zone, price pulled back as expected and I again waited for a sell confirmation... Price gave us a long/strong bear candle 7/10 times price retrace before continuing in it's expected direction. I will drop down timeframe and try to catch the move.
Stops and Target are made visible in the screenshot above. Have a profitable trading week.
USOIL - SHORT - Channel Resistance Price is within an ascending channel and has hit channel resistance. We could draw up a trendline which has broken. Best way to enter is wait for a correction and enter on break of correction with stops above the correction.
Oil is known as the devils pair so be careful! Trade safe.
EURUSD 2 POSSIBLE OUTCOMES. THE CHOICE IS YOURS...THERE ARE STRONG RESISTANT LEVELS. BULLISH MOVEMENTS TOWARDS THESE RESISTANT LEVELS. DEPENDING ON STRUCTURE IF CANDLES DO NOT CROSS BACK OVER THERE IS STRONG POTENTIAL FOR A UPWARD CONTINUATION. TECHNICAL ANALYSIS ONLY. BASED ON FUNDAMENTAL ANALYSIS,STIMULUS IN THE US COULD DRIVE THE DOLLAR PRICE DOWN ONLY CAUSING MAJOR GAINS FOR CURRENCY I.E GBP, JPY, AUS, CHF AND CAD. HAVE A LOOK AT CORRELATION BETWEEN COMPETING MARKETS AND MAKE YOUR DECISION, I AM WAITING ON EITHER BREAK OF STRUCTURE OR STRONG BULLISH CANDLE / HAMMER. (DISCLOSURE THIS IS NOT A SIGNAL THIS IS JUST A PERSONAL INTERPRETATION OF MARKET MOVEMENT)
DOLLAR INDEX (DXY) Trend Reversal & Strength
hey traders,
it looks like we finally see a confirmed bearish trend violation and reversal on DXY.
from 6th of January, we see the zigzag movement with 89.1 initial low, equal high retesting the December's lower high,
higher low and finally a new higher high higher close on a daily yesterday.
it is a classic price action reversal formation.
now in the mid-term, I expect more strength to the dollar.
The closest resistances to look at:
91.75
92.15