US100 Divergence on a Daily Timeframe, be careful with longs from now on!US Tech 100 Index forum
US100 Divergence on a Daily Timeframe, be careful with longs from now on!
USTEC HI, the index can not continue to the upside by the way, it should go to 21620 first before anything
NAS100USD tradingview.com/x/rB9CiBP7/PART 1; all you wanted to know about channels but were afraid to ask
To build a channel you need at least three points a low between two highs [if the second high is HH, you have an upswing, if the second high is a LH, you have a downswing] with no breaks below the upper and lower trendlines.
The swing points may be lower/higher, than a closer high\low, as the trend of the channel, will eventually incorporate that low/high as the time progress.
I marked in green, the longest upswing trend with peaks marked by arrows, If you’d look left, everything after April 2014 it’s included.
If we take the high in July 2024, [marked by red arrow and signalled by dotted green line] we can see that the ATHs of December 2024 and February 2025 invalidate that channel, with hindsight a clear signal of overbought] so I have taken the high of December 2024, which covers all peaks and charts the next possible ATH.
US100 🟢This is what I think will be the most likely scenario.
🟢Do not try to believe this literally.
🟢In conclusion: bullish to ATH.
NAS100 big Friday liquidity at 21897.32
NDX my target still remains friday high, what u guys think? different bias maybe?
NDQUSD 21789 to 21486?
NAS100 LaplacePoint Don't forget there is always the option to use the large bearish candle as support 🐮
NDX charts clean for me todayshorted, went to bed, woke up with tp hit, now long during classes📈📈
US100 After London, the move will be much clearer...I'm still in for SHORT around 21,760 - 21,780I'm not sure about longs; that Friday opening candle with no wick looks suspicious.