A possible Pennant pattern as you can see on the tri-angle line there 4 touches on the top and bottom
Market might move to $12 400 today
Ustec100
NAS100 [US100] Daily Outlook | 25-MayHolla Amigos,
A quick look at 4Hr timeframe shows that we might have a very clear buy today.
Reason:
1. Fakeout play in 4hr TF thus indicating that price may drive majorly upwards.
You might want to stick with price direction to avoid compounding losses.
I will update here as usual.
Kings
NASDAQ: Bloodbath ..?Prices seems like approached strong Demand Zone
at 12200 and also trapped in Bullish Flag inside
another Bullish Flag. We might see some retracements
from current Demand zone but NASDAQ is already entered
in Bearish Trend.
So better to look for Short Entries.
Proper Shorts entries will be active after breaking 12000
critical zone. Once Broken, look for retest and take entry.
Keep in mind the current Fundamental impacts
including Russia- Ukraine war, interest rates,
inflation also we've got chances of RECESSION
up ahead.
🔜S&P500: "NO COMMENTS"🔔 Proposed deal for this tool 🔔:
🔴Entry Point - 4637.6
⛔️Stop Loss - 4679.3
✅Take Profit - 4554.3
Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
Nasdaq100 is targeting 16300 ahead of FOMC rate decisionNasdaq100 is targeting 16300 ahead of FOMC rate decision later today
🔍 Technical expectations:
🔹Bulls successfully violated the September 2021 high and for sure Nas100 is extending to 16300.00 psychological level which is also the high timeframe resistance of the rising channel.
🔹More to this, bulls will strongly defend the violated September 2021 high and it will take another big battle for bears to push price down below 15700.00
🔹As price is send to the resistance of the rising channel, we can expect more bearish pressure to the downside which will in turn challenge the September 2021 high at 15700.00 psychological level.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this.
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Many wishes and trade smart!