PIVOT POINTS 13339-462 * Longs above 13343 target 13417 then 13462-13581* Shorts below 13343 target 13156 then 13022- 12959 *
U.S. stocks fell slightly on Tuesday as the Nasdaq Composite slipped from its new all-time high, with investors waiting for the key FOMC monetary policy meeting. Billionaire hedge fund manager Paul Tudor Jones told CNBC on Monday that Powell could spark a big sell-off in risk assets if he doesn’t do a good job of signaling a taper in the Fed’s monthly asset...
WAVE ANALYSIS
Triangles provide an effective measuring technique for trading the breakout, and this technique can be adapted and applied to the other variations as well. The ascending triangle pattern is similar to the symmetrical triangle except that the upper trendline is flat and the lower trendline is rising. This pattern indicates that buyers are more aggressive than...
Short trigger: - break below 13340 support line. Enter either on breakdown or retest of what would then be resistance. - 1st target is around 12900 as this was a recently formed pivot point . - 2nd target is still 12700, but see how price is acting if there is a sell off to 12900. - light blue (fast Hull) line dip temporary below purple down trendline. This can...
XABCD WAVE SIMILAR DOTTED PATH DOUBLE INVERTED H AND S PIVOT POINT 4HR CLOSURE
Nasdaq has been very indecisive lately been ranging for a while now. The trend is still very bullish and I hope we can see a breakthrough today pushing the price back up to 14064 and then further to make new highs. 14200-14400. If the price however does decide it need to come back down we can see it come to 13800 before coming back up. If the price does continue...
US 10-year yield will grow to 2.1 this means high inflation coming and will push stock down, especially Nasdaq can crash to 12200 TVC: US10Y personally, I am a STRAIGHT PURE PRICE ACTION AND STOCK ANALYSTS trader but be sure NASDAQ pro traders all see this sell pattern, I still advise looking for sell (100% put sl on last high) if NASDAQ can go up on good news,...
trade carefully and have stop loss for sure and ensure lot sizes are corresponding with your deposit balance 2.Past performance is not indicative of future results
WHAT WE ARE TRADING - THE BEARISH GARTLEY This is exactly like the bullish Gartley, only inverted. This means that the XA move is bearish, AB move is bullish, BC is bearish and CD is bullish. Price is expected to decline from Point D. Here, traders usually attempt to sell at D