Ustech100
US TECH 100 looking for directionlooking at breakout above or below support and resistance to get in a longer term position.
Clean levels provided by fibo on daily chart (orange color)
update sto follow
NAS100 Possible sellI see a possible sell on the NAS100 somewhere along those lines. Keep an eye open for that move!
Why pay attention to head and shoulders?Head and Shoulders is one of the most reliable patterns in trading. You could find the stats on this - I've long forgotten them.
Many H&S pattern fail and you have to be prepared to take controlled affordable losses when engaging them. But when they do fall in your favour, they could be big earners.
As always, these patterns do not 'predict' - they create probabilities. For every estimate on probability in one direction there is a residual probability that it won't work for you. That's where the stop-loss comes in.
Strang things can happen with these - based on experience.
1 - the pattern fails completely.
2 - a second right shoulder develops (usually in bullish markets).
3 - price stalls in a range for a long time.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
NAS100 Potential Buy On the 4h, we got a false breakout from a key resistance area, and as a result, the market printed a evening star (bearish) pattern.
To avoid getting closed out by this 4h pattern, we can wait for the price to push and close above the 'buy above' area before entering into any buy position (this is the safest option).
The more aggressive approach would be to look to buy the retest of the broken trendline and potentially catch the market at the beginning of a potential continuation to the upside.
I'm looking for the following 3 confirming factors to take a buy:
#1 - Market is trending up.
#2 - Key level is tested and rejected.
#3 - Candlestick entry signal (Pin Bar/Engulfing/Bullish pattern)
TSLA correction to upside? Should we begin buying the dip? As title states, Tesla is at a demand, S/R zone. Should we begin seeking long opportunities to our prior supply zone which would complete formation of a double top at resistance? With just under 100% to gain, risk to reward is most favorable now if you ask me!
Confluence of fundamentals are essential before placing any order. Standby for Elon to save the day, not just for Tesla but NAS100 holistically.
All the best
DJI disconnects from the USTech100The disconnection of the DJI and USTech100 has happened before for short amounts of time. In the last limb of price you see this happening.
The question is 'what happens next?' Unfortunately my crystal ball broke a long time ago, and I'm not purchasing a new one on Ebay. 😂
This is one to watch. The H&S on the USTech100 is not predictive.
There are also some disconnections of the so-called 'asian' stock indices from the DJI. Some want to know what it means. I don't care what it means. I follow trends.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
NASDAQ LONG TRADE PLAN ➡️ 13850Welcome!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work
Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
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Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments.
Mohamed Khalid Rafi ,
Senior Financial Analyst,
Profitlio Trading.
Nasdaq 100 still going long after a short trap tomorrowLets wait till it comes back to supply zone, and then enter some more buys.
NASDAQ 100 STILL GOING LONG!I think today we making more highs again.
Yesterday was just a shake-off...
short ustech100 in 13400-600 regionUS tech looks really overbought here with 100 period hourly trading well below the 200. Looks like time to bank long profits and look at shorts. We should look and see how strong DXY is doing and if the dollar keeps firming equites will likely sell off again. I suspect that nasdaq rising is just speculators buying ahead of amazon results and bargain hunters stepping in. Once amazon results are in this evening, I expect the nasdaq to fall.
Looks like a low high reward short in this region, if we get some good confirmations. Stop at all time high. Lets see if the wedge can be broken to the downside.