Tradeofgrey

Tradeofgrey

Hi Everyone, Hope you all had a great weekend. I Will start with the higher timeframe today as it is very important to see what is happening. Today we will get a weekly candle close and we are at the crutial area again where we really need the candle to break the resistance area of 12940 on the weekly timeframe. The last 3 weeks it's attempted each time but...

Tradeofgrey

From the daily we can the the price will either continuing coming down (if broken through 12726), to come back and retest the trend line before going up to make new highs or the bulls may come in now, breaking 12924 and continue going up. Have a plan and patiently wait for that plan to play out. Dont rush into trade. 🔴 50% off this week on the NASDAQ Course....

Tradeofgrey

HI Guys, So nasdaq is kinda ranging at the moment with the struggle of break through 13283. This level has been tested many times and failed. I have put the daily chart today do show you what is happening in higher timeframe. You can see the level 13283 is also in line with a key trend line which its also trying to break and has failed many time. This trend is...

Tradeofgrey

The price is currently ranging. Yesterday we had a break of the 13142 a key resistance area. The price didn't stay above that long before come back down. Today we may see the price either come touch the trend line (drawn with a box on chart) before continuing to go up or the price may break the trend line, come down to 13000-12910 before continuing to go up. The...

Tradeofgrey

Hi Guys, Let's have a quick look at what has been happening on the weekly. As we are very excited to see a bullish rally we must not miss a key area. On the weekly we have approached a strong key resistance level where price has come previously and could go further. For our bulls to have a continuation we will have to see what happens at this level 13141. As...

Tradeofgrey

Nasdaq broke the falling structure last week towards the upsides, we saw the price come back down to retest the previous structure and then went back up. We have come to a very strong resistance area 13079, which really needs a break for the market to continue. For the bulls a break of 13079, nasdaq will continue to 13320-13885. However if market does fail to...

Tradeofgrey

The market has finally broken out of consolidation and broken through market structure. We may now get some retest before the market continues with its bullish trend. I'm looking for 13295 as the next target as soon as we break from this little resistance at 13000. Right now I wouldn't look for any sells as this market is overall a bullish trend. Nasdaq is a...

Tradeofgrey

The market is still trying to break through this consolidation phase, We can see attempt was made to break to the upside. If we do break upside our target will be 13300. However please do be cautious as the market can still break to the downside and we can get full on bearish momentum.

Tradeofgrey

Hi Guys. Hope you all been well. I had a week off screen hence there has been no analysis. We will start with the weekly and daily analysis as its very important to know what is happening in the higher timeframes. Currently lower t/f is very bearish however the higher timeframes are bullish. Lets start with the weekly first. On the weekly T/F we can see...

Tradeofgrey

Nasdaq analysis Daily/Weekly TF Nasdaq is back at this very crucial point. where the price has come many times this year but failed to break. Will it break this time? You can see on the left hand side the weekly timeframe how many times it has come and touched or attempted to break but failed everytime. On the right hand side we have the daily timeframe we can...

Tradeofgrey

We are at a very crucial point here at nasdaq. On the daily we can see it has broken out however on the weekly we are now at the trend line. Next couple days will really dictate where this market is going. Iv created a zone where the price will come next if we carry on with this bearish momentum. 12836-12790. There will be chances of fake break outs. Be cautious,...

Tradeofgrey

As analysed this morning. Very easy simple move

Tradeofgrey

NASDAQ On the Lower timeframes the trend the very bearish. We can see the price has broken out the channel and we have had a little retest. we are currently at a very strong resistance area of 13406. Previous 4hour candle broke but failed to close below this level. We will likely get another attempt where this level will get broken bring the price down to 13316-13200.

Tradeofgrey

On the 4hr/daily we can see the market is still a bullish trend overall and we are seeing marketing pulling back, it will carry on coming down to 13316-13200. A break of 13200 may change the current bullish trend.

Tradeofgrey

Hi Everyone, After another rally down yesterday, I think it not over yet. We may get more bearish rallies pushing price down to 13540-13400. However if the bulls do decide to fight back and take over we can see them take the price back towards the previous high.

Tradeofgrey

Nasdaq came down nicely to 13700 yesterday. Today if it for the bulls to come back we will need a break of 13800, If it fails to break 13800 then we may see more bear bring price down to 13700-13600.

Tradeofgrey

Nasdaq is very close to reaching 14000, which it may do with ease today. However if it does pull back down before continuing it will come to the next support 13773. A break of this support we may see a deeper pullbacks to levels of 13690.

Tradeofgrey

Yesterday we had a sudden break with the bear bringing the price down 13522. It then reverse back up which could be just a simple pullback for the bears to continue. If this is a pullback then we can see the bears come down to the 13394, a break there further down to 13195- 13000. However if the price does continue going up our next target is 13800- 14000