NQ went overbought on RSI, divergence on MFI Could be setting up for a down day Monday..... this is about the only bearish indicator I see out there. All cash over the weekend. Have a good one.
It's got to take a breather some where - it's likely here. Timing it with 4 hr breach to the upside of bollinger bands.
Worth a small play, just cause this wedge has ping ponged so perfectly. Might be a better idea to go heavy on the double top but test the waters with a short here.
4H Chart Explanation: - Price was on a Pullback to the Micro Ascending Trendline. - Price bounced from there and broke the Red Ascending Trendline. - Now, it has potential to move down towards the Weekly Ascending Trendline. Weekly Vision: Daily Vision:
Someone asked me earlier if the rally is over if it breaks my MA line... Well look at this NQ chart, it's got a clear channel and the bottom line coincides with my MA line, so yeah, if this channel breaks the rally is probably over. In order for it to break, it would have to go severely oversold Monday in which case we get a bounce and probably a backtest of...
4H Chart Explanation: - Price bounced on the Support Zone and returned above the Weekly Ascending Trendline. - After breaking the Micro Descending Trendline, it is currently on a Bullish Corrective Structure. - If price breaks it, potential to move up towards the ATH Zone. Weekly Vision: Daily Vision: Updates coming soon!
One of my followers pointed out that NQ went oversold yesterday, so of course we get a pump. Looks to me MFI needs to go overbought before it dips. Another interesting thing is that it bounced off my MA line again. Remember, BTFD lol. Everyone's predicting a recession and here we are heading towards ATH again....
Even last short term chart is valid, this is now pointing also down directions if we break level to hold. So, let see goo opportunities, and not choose side, trade what you get. Happy trading people.
Looking at the market today with a technical approach we can see I continuation to the up side. im not sure on how far to the upside we can go, so a safe level to take profits its in green, we're we can see the top part o a range. for these trading idea we are expecting a pullback to find the entry point we want. trade to trade well. NOT to make money
1 minute ago looking at the market today we can see a possible short play. yesterday high looks like a nice entry. blue lines are entry. green line possible target. just as a possible scenario looking a the market in 4HR we see the potential for a head and shoulders . but that might take some time. a good 4. plus risk reward ratio for today startegy trade to...
looking at the market today. daily range in progress. blue line entry. green target trade to trade well not to make money.
Wishful thinking perhaps but a possible scenario.
as we see some good news in the USA and tech sector. The economy is still very hurt, and optimism cannot last more than realism. looking at the market we have completed a range in the daily levels. so im looking for a short. I bounce in the levels marked in blue. green lines are possible targets. trade to trade well not to make money.
ES! isn't giving any clear signals but NQ is way the heck overbought. Not chasing this rally, may consider shorting a tech stock. NDX appears to be melting up so not sure if I hold overnight if I short anything.....
Hope everyone is staying safe... Defeat the invisible enemy by giving it nothing to attack! OK... on to what we all came here for... Was March 2020 the bottom and now we are back on the bullish track...? In the words of Lee Corso, "Not so fast my friend". Lets take a look: There are three scenarios brewing with the front end already in play for each. As of...
4H Chart Explanation: - Price broke the Descending Channel and started a down move. - It made a huge bounce from the Ascending Trendline. - Now, it is above a Support Zone, trying to develop an ABC Corrective Structure. - After that, price will move up towards the Pullback on the Descending Channel. Weekly Vision: Daily Vision: