possible correction phase. Expect a drop back at previous support levels
Price touched the 12900 zone - 12750 and has created a double bottom as expected, I expect to see buying pressure from this point to complete the W formation. Take Profit 1 :14600 Take Profit 2 : 15500 Take Profit 3 : 16500 Stop Loss 12500-12300. (Depending on your risk appetite) *Risk disclosure * trading is risky use risk management
Price has touched 41500 zone and has created a double bottom, price bounced of double bottom. we can expect buying pressure to come back on strong and create the W formation. TP 1 43000 TP 2 : 44000
Poor earnings could trigger a short term SELL back to 22700 zone even possibly 20300 zone also with fears of fed's speech market could initially SELL OFF. However , We still Bullish ; GOOGL is a force to be reckoned with & had a blockbuster year in 2021, EPS skyrocketed as revenue grew exponentially. The Digital space and constant need for online advertising is...
Bullish scenario 1 Price touch Key support area @ 1.0790 zone. Can expect to retest to minor resistance area @ 1.0920 zone and pullback back @ 1.0790 zone before breakout to the upside. Bullish Scenario 2. Price could break out towards 1.1130 zone AND find new support @ 1.0900 zone, however Take profit will still apply @ 1.1180 zone. I'm super excited to see...
S&R theory ; Nasdaq has clearly broke a key area of 13800 Zone all the way to 13300 zone , we can expect a retest back to the 13600 zone and a continuation back to the down side possibly back to the 12900 zone. Indicator analysis : If super trend line breaks below price we could expect a retest back to 13600-13700 zone before a continuation to the down...
Unable to catch any short term buys for today! let's get ready for the following setup : Sell Nasdaq ; 1 hr timeframe. price failing to break resistance ; SELL take profit 12990. 12930 Stop loss 13550-13600 (USE SL according to your risk appetite ). Good luck traders!
Price touched Resistance around the 35353 zone a clear double top formations is showing, we could expect a pullback along first level (Previous resistance turned support ) @ the 34851 level. TP1 . a further break of trend line could target TP2 @ 34174. However I'm bullish on DJ30 in the middle to long term expect buying pressure to push trends but up towards the...
Price seems to be bouncing of the 13800 -14100 zone. Market has managed to find support around the 14000 zone. Yesterday NYSE session we saw a break of the 14000 zone to 14300 , we could see a retest back to the 14050-14100 and then a clear continuation to the upside. long targets . TP 14600 TP 14800 TP 15000
Price touching resistance @ 14300 zone we could see a short term pullback back to support 14030-14080 zone .