Hello traders! We want to share with you pretty clear and recognizable pattern on Nasdaq! According to correlations with other stocks, we assume that stocks may face a hard drop. We can clearly count five waves down from 7358 highs, which suggest a bearish reversal, but the most important is that we see only three waves (A)-(B)-(C) of corrective recovery back to...
just an exercise in polishing my crystal ball looking for a Q's ;-)
One of the quicker, catch-you-on-the-wrong-side type of trades out there. Technicals look ripe for this scenario to play out. Red Line is "Unsustainable" Trend support. (Nothing like in January though) Blue Line is "Return to Mean" Trend support. Horizontal Black Line is "Middle-of-Range" support. Thick falling and horizontal black lines are prior descending...
The ADX reading on monthly charts shows that the bullish trend is likely to peak soon because readings are similar to those that occurred in 2014/15. Signs of a peak are forming, although confirmation of a shift is needed. Confirmation would occur with more significant activity below the 10-month average, green line. Key supports are Fibonacci retracements....
2 reasons on 2 timeframes. The 2 drops could have been a warning for a bigger down move to come. Happy to be proven wrong but I can't find any reason to be bullish at this stage.
NASDAQ is in the final stages of the third Elliott wave which started at 6460 (dark blue). It appears to have already completed four minor waves (green) and is currently in its fifth leg. Further, if you drill down, you would notice that the fifth green wave has also completed four minute waves (pink) and the fifth pink wave has completed three sub-minute waves...
Today we saw perhaps one of the best days since the February correction in Nasdaq. Economic data looks "strong" (I have negative bias on economy health, so I'm using ""), and markets are up broadly. But, various signs show that today's action looks suspicious. Take NQ, for example. I marked out all recent NFP releases so you can see the market reaction. Notice how...
The significant recovery yesterday probably took traders by surprize. Especially if risk appetite turns higher today, this trade looks interesting.
NASDAQ appears to be moving in an ABCDE corrective pattern. It has completed four legs and is currently going down in the E wave. Wave E should be made up of an ABC sub-wave. Currently, wave 2 of the wave A is in progress (red wave) which can have another short movement up on Monday to 6950, from where it could go down in the third wave.
The index is printing recurring patterns on 1D. Symmetrical 4H Channel Up patterns, followed by same width Channel Downs (High ATR = 37.1964 on neutral RSI, STOCH, Highs/Lows), always supported by a 1D Higher Low line (RSI = 57.913, Highs/Lows = 32.000). 6640 is expected in about 1 week's time and then 7085 by mid June.
A Bearish Gartley pattern on the NASDAQ 100 chart, first target at 6733 points.
medium term bull... short term bear ...posible simetric triangle on the qqq. bullish pattern, mabe a breakout after a couple more waves?
Can't help, but lean to a more bullish view on NASDAQ (and broader market) after last Thursday's bounce. Looks strikingly like a running triangle as a wave 4, which should see a 'thrust' higher.
we bounce today from the yearly wedge, we will move to the upper band of the wedge. #FUTURESALERTS #FUTURESSIGNALS
My analysis shows the US majors are setting up for a massive upside rally over the next 3~7 weeks. Many people are freaked out about the market's recent decline, yet this is just the type of price rotation that the market needs to advance higher. Failure to achieve new price lows will result in a massive price reversal driving prices much higher. Watch as new...
Hello everybody, the market bounce back from the 6650 zone, but we are still in short time selling, therefore we will keep an eye if prices rallies to friday's high for an opportunity to sell the market short. Plan your trade, and trade your plan
the nasdaq may be doing some HNS pattern, so this pretty much suggest we go down, but still we need to wait for the big reports.