Ustech100
Nasdaq sell Nasdaq has created an all time high, but with the US not taking Coronavirus lightly and with the BLM protests and Trade war in place all fundamental news - with this, technology stocks have seen incredible growth but has the growth paused or now come to an end and needs retracing?
What can we see technically?
- Daily bearish but breaking momentum short has now broken 10,000 level.
- Monthly supply has now formed with all time record high.
- bounce from the demand zone to create a new high.
- We have a strong weekly rejection candle
- we had some good indecision candles on the daily
Where to enter?
Follow your plan
we entered at 10053 as we could see these zones lining up with our analysis
we have further sell limits at 10,350
All trades risk free
Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted.
Trade what you see, this is purely our Bias.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment.
Many thanks for your support to our existing and new followers. Take care out there.
Thanks,
Team Lupa.
NASDAQ- Thursday reviewNasdaq went down by 300 points yesterday. The fundamentals gives us reason to believe there will be a fall but the technicals has not shown that yet, technicals show that we are still having a pull back but in an uptrend. I am expecting more pullbacks today, the dept at which it falls will determine if still making corrections to the downside or we have a trend change.
NASDAQ - ON NFP- THOUGHTSThis view is more of a confirmation of my analysis for the week, I am waiting for the end of day to be able to tell where price will be going next but as a day trader, there often something to trade. Price tested a new high and could be looking at forming a new high low before a higher high.
NASDAQ 45M CHARTWE KNOW NASDAQ HAS BEEN GOING IN A PATTERN...REACHING HIGHER HIGHS AND HIGHER LOWS...There is a possibility of a higher high which will be above 9680+ and look for a downward move...
U can see an inverted h and s pattern in nasdaq in the last few days and it broke and retest happened on 29-5-2020...According to my view nasdaq should reach its highest high and then fall ....
Wait for reversal and then enter..
Hope you liked my view..
My telegram channel : t.me/ujustjoinnow
for more accurate signals and setups
Happy Trading
NAS100USD is close to the All-time historical high!!!If the price will show a false breakout of this level it will be a great Sell opportunity.
Keep watching and wait for the best entries.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!