NAS100USD Dont you dare be buying anything unless wana get cut! Gambler buys (scalpers!) are fine but trend? FRIDAY was a sell day sell session sell EVERYTHING! How you know next day be buy? Real issue here is an understanding of fundamentals, this effects real people business, countries and world fundamentals this is not a game. I seen some 'rocket fuel posts' just be careful I suggest to our new traders no buys until confirmations seen in a working session namely US!
US100TheTradeBorough hey dear friend so we didn't touch the neckline yes and according to textbook confirmation the retest may slightly OVERSHOOT or UDERSHOOT before resuming the trend and this case it will still be valid. WHEN YOU LOOK ON THE LEFT SIDE you will see that it fell from the resistance of 20292 and that downward trend take us to 18351 this completes the double Top.
Nas has been trading below 200 day moving average since march and this still suggest there is still weakness. and the introduction of steep tariffs ,potential war trade is raising eyebrows . When looking at Tech stocks you see NVIDIA is heading to 105-80 that will drive nas down aswell
I think buyers will start coming on around the level of 18600-18390 and that where I will be confined to buy but anything can happen in the market.
and when I analyse I use 3 methods.... price action, news and lasty indicator. .... I don't know if this answerd your question and at the end of the day its not about being right or wrong but being profitable, knowing when to get out etc...
NAS100 Would love some input from swing traders here. look at NQ on 4h chart, time = value, dec to feb 2k range, broken, some courses teach that leg 1 = leg 2. so we had leg 1, pullback 1, now leg 2 should take 16.6 +/- 1k. im no swing trader but is this reasonable analysis? I trade such ideas on a 5 minute TF and it looks almost the same. or does leg 2 for example go to 18300-600 for pull back 2 and then leg 3 for bear market bottom? all theoretically speaking of course, i am a very short term 1:200 trader
US100 now that retest is done on us100 this coming week we continue to sell to 18331 to complete that double top structure... good luck you can also join our community for more updates