Nasdaq trade plan for this week(4hrs)(MUST SEE BEFORE TRADING!!)Lets all See this before trading nasdaq this week..Even before market opens or before i give buy/sell entries lets note the whole trade plan on charts for this week(Resistance, Supports, Trendlines, Reversal patterns, Ranging parameters) as nasdaq currently on an indecisive state.. Either breaks support/bottom trendline and form a new bearish or reverse and keep respecting the bullish trend as before! If it breaks 8930(Pink shade in middle) we would go all the way down to 8700 otherwise keep bullish with 9000 above! But ill give entries afterwards. Please comment and share your ideas on this particular pair too. thanks!
Ustec
20190918 US Nasdaq trade idea (Update 20190920)Previous Nasdaq analysis....
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Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
NAS100/NASDAQ/USTECNASDAQ/NAS100/USTEC
Currently making a possible double bottom & lying on 0.5% level of fibonacci & Trend Support.
Should it be a buy?
Bigger TF are closing below trendline, however am still hesitating whether a double bottom formation is stronger OR trend breakouts.
However, you can have a Sell Stop placed 50 pips below the wicks and easily capture 600-900 Pips or a buy which I'm still concerned about. Will be looking at it's sentiment once the market is open, trade safe :)