NAS100USD tradingview.com/x/E6JPZ5iF/i entered short at daily pivot 23110. the rising wedge is spent, and index is currently following the falling wedge target 23248. the halfway to yesterday's high is 23128. then we have the 15min LH at 23160.
US100 CFD forum
NAS100USD tradingview.com/x/E6JPZ5iF/i entered short at daily pivot 23110. the rising wedge is spent, and index is currently following the falling wedge target 23248. the halfway to yesterday's high is 23128. then we have the 15min LH at 23160.
NAS100 There is a possibility that the market will push to take out yesterday’s high (LH at 23,308), the "Set" price" "my precious price" where i took the short sell from (I sound like the "lord of the minds" / guru, lol ). Anyways, the price bounced back to a bullish level, so i have entered long positions but with caution. RR 1:3
NAS100USD I don't believe this move to the downside is over yet. Will start looking for sells around 23150-200 again. Will wait to see reaction first on London open.
NAS100 “We lose together, learn together, then win forever.”
USTEC A very good morning to you guys))Have a look on the Gold now please and here on US 100
They both went in retrace, correct?
It is just retrace and they would turn again ;)
I will not treat the retrace as the start of a main bullish wave!
Yesterday I said that I saw chance on Gold to long from 3349/3346 and not sure what that will affect US 100
Then Gold flew to the upside from 3349 then us 100 lagged a bit then lost more than 1% whilst Gold won more than 1% too
Because money turns around the assets!
I wish you all the best in any position you are in))
Hint
Gold will retrace from 3370 I mean so soon
US100 ABC to 22k breakout area is still possible for sure, but we are also at the point of starting a new 5 wave impulse up too. I favor the 5 wave up for what I am seeing presently on charts. To be honest I expected the selling to continue to be more aggressive for the short play to daily 50 SMA. The idea is correct, but the timing seems a bit off.
Long story short, even if you don't want to long, I don't believe this is a very good short entry at all.
US100 Because we are currently here in relation to the 1 hour 50 and 200 SMA with 1 hour money flow trending into green even on red candles again, the possibility of another rally is not out of the question. That is the reference to June 23 setup. It is still early to say another big rally like that will happen, but it can't be ruled out yet. It will be much more clear on a retest of 1 hour 200 and if we retest the ATH.When everybody is wanting to short again, you run the risk of placing too much liquidity at higher prices for big players to want to send it down. I am both surprised and concerned how fast every dip is a buying opportunity sentiment changed to expectting a major correction.
US100 Currently I still expect a near equal high to old ATH if not a new ATH. Once that 1 hour 200 is swept very likely to see it rip up again as the liquidity will be there in a low volume area. It can easily move through that zone the same as it did last Wednesday. The indicator is showing 1 hour money flow trending into the green heavily despite the retracement on yesterday's candle. The last time I saw this setup was June 23 so we will see how it develops over the next couple of days.
USTEC Economic data lately has been highly unreliable. With recent leadership changes — like Trump removing the statistics director — credibility takes another hit.But to be fair, this isn't new. Even during the Biden administration, we've seen consistent discrepancies between initial releases and data revisions. Opposite outcomes have practically become the norm between "Actual" data & "Revisions"
USTEC Just testing my technicals here. If I stick to the 3-Day structure and apply a clean supply/demand approach(yes — the same stolen concept ICantTrade renamed as 'order blocks')
I’ve got a buylimit lined up with a cute 1 lot — basically nothing relative to my account, just letting the idea play out.
My August 1st longs? Stop loss hit — deserved it. I completely ignored my checklist. Retail was 90% long, and I followed the herd. A few hours later, the market dropped -2.5%. Lesson learned.
Now, retail’s flipped — 75% are shorting NASDAQ.
Technically, this supports a contrarian long bias.
But here’s the problem: I don't know anything about stocks, but the economic data backing this move is weak. Fundamentals aren’t aligning, which makes this a tough one to trust.
