Tradeofgrey

Tradeofgrey

Hi Everyone. We have been watching the recent market sink and for nasdaq this is not over yet. Im sure we will see further move down. Right now the market is in consolidation and we need a break of 12143 for the bears to continue. If we get a break of 12143 then nothing can stop it from reaching 11000 area. I feel like we will reach 11000 this month. For short...

Tradeofgrey

What a crazy day today. Just when we all thought the market finally broke and we are in for the sells, the market causes a rejection pulling all the buyers right back in and respecting this very strong trend line and support area. Looking at the daily now this market looks very bullish. I would now expect the price to push back up to the resistance area, if...

Tradeofgrey

Hi Everyone, This week will be an interesting week. We are at the bottom of the bullish channel, the price will either break or respect the trend line and continue to move up. If price does break we can see it coming to to areas of 15328- 14688. However as stated earlier if price fails to break it will continue to go up and we may see new highs created. As the...

Tradeofgrey

Hi Everyone. Not much has changed since yesterday. The market has been consolidating. I still stand by yesterdays analysis, the market has come to a demand zone and we expect the price to push back up. If price breaks through this support area then I will be reanalysing for the bears. P.S. Keep a eye out for the lower area of the demand zone as price may come...

Tradeofgrey

Hello Everyone, After a great sell yesterday, we have reached a buyers zone where there's strong support area. It is also a area that can create a triple bottom on the daily. If the price is respected in this area then we can see the buyers come right back in pushing prices back to previous high of around 16600. If price breaks the previous high then we can...

Tradeofgrey

HI Everyone, We had a break out of the triangle yesterday then the price went back to retest where it consolidated. Today I expect that price to fall down further. Our first target will be 15920. From there if we get the break of this level then the price will go further down to 15630 our second target. Note: Price may push up to 16320-16345 before going down.

Tradeofgrey

Hello Everyone, Nasdaq is currently in a rising channel, Last night it broke out of consolidation to the upside. I expect the price to continue going up to reach 16461, top of the channel, before coming back down to 16285, bottom of the channel, this area will be very interesting as this will be the fifth time its hit the bottom and I would expect it to break...

Tradeofgrey

Hello Everyone. This week nasdaq will be interesting. Just as we thought price broke down, price reversed back up. If price breaks through 16210, we can see the market retest previous high or maybe even go make new highs of 16500-16550 before dropping down. However price can also drop down anytime now if so id wait for price to come back to around 16100 for the...

Tradeofgrey

This week has been a amazing week on Nasdaq, those who follow my ideas would have seen the Monday analysis of nasdaq coming to approx 16500. Since then nasdaq has reached almost 700 pips up. Nasdaq is currently overbought and I do expect the market to drop quite a bit. My target for the sell would be around 15000 zone. However we need to be cautious as the...

Tradeofgrey

Hello, Quick update where the market may be going this week. We saw the nasdaq price come back up to retest the middle trend line and respected it so well without breaking through. In the next few days we will see the price come back down to 14100 where all the buyers will be waiting to buy. More updates will be coming over the coming days

Tradeofgrey

The market has not changed much since the last analysis. We have been consolidating and would eventually break. I feel We are close in breaking down especially after look at the weekly. If price does break down 15554 then we may see a deep pullback to 14900 zone. However if price break 15700 then we can see new highs of area 16000.

Tradeofgrey

Levels to watch out for today. Looking at the monthly there is a chance of price pushing up to highs of 16050 before coming down. We are currently consolidating, we have the NFP later on. If price does break down as stated earlier analysis price will come down to 14900 zone.

Tradeofgrey

Nasdaq has reached the top of the weekly chart trend line, this trend line has been very strong and id expect the weekly sellers to be sitting there, ready to push the price back down to 14950. From there if price does break the middle trend line then we may see price coming down further to the lower trend line. As the week goes I will keep updating this

Tradeofgrey

We had a beautiful drop yesterday sorry I didn't get time to post my recent analysis. Those on signal group did catch it. Today we are at a very crucial area in the daily timeframe. The price has come to the centre trend line and break of this we may see more bears however if it does fail to break we can see this area a area of buys. Right now price may go to...

Tradeofgrey

Nasdaq had a big rejection to the downside and a bullish pinbar formed on the daily which indicates to me this is still a bulls market and nasdaq will continue to go up. most likely flying through my next tp 15500.

Tradeofgrey

Hi Guys, Nasdaq has reached a key trend line. The trend is still very bullish and I would expect the price to continue to go up creating new highs. If price does continue we would be looking at 15500. However if the price does break down it will most likely come down close to the EMA50 before going back up. Right now I will be looking for buys as it is a uptrend

Tradeofgrey

A quick analysis where i see the market going today. The price has broken out the triangle which was formed on the 4 hour chart, it then came back to retest the structure and go back up. Today if the price breaks out of 15140, we will see price go up to 15240 where it will hit the daily bullish channel centre line. To see where i think price will be going in the...

Tradeofgrey

Hi Everyone. Hope you all having a great weekend. Friday nasdaq came down to touch the lower channel before going back up closing at 14979. For this week, if we get price to break the high and centre channel then we can expect price to carry on going up. I done a drawing of what I can see happen on nasdaq in the weeks to come. By the end of this month of August...