For newcomers, check my last few charts, I'm currently 3 or 4 in a row for solid wins/predictions. AUD/USD was the weakest but I believe that has more to do with fundamentals and Australia lowering their interest rate which devalues the currency. The original bounce itself on AUDUSDwas great though.
Just closed my shorts from 05/05/19. I originally had spx500usd, russel2000, us30usd, and nas100usd on the 5 minute so I could compare their "bottoming" price action when buying the dip. I removed the Dow and put the 4hr nas100usd so you can see why I was looking at this level on the 5 minute in the first place. NASDAQ ended up creating a "triple bottom" support level while s&p/dow were making a lower low, and the russell was melting downwards. That convinced me to put my main bet on NASDAQ and
SMH (semiconductors) because they just had a fall from $120 to $98. Should be an epic bounce the next few days. I'm highly leveraged and things are currently looking great, stop losses are at breakeven, not taking profit until tomorrow at least, aiming for the 0.5 fib on nasdaq around 7370, 7430 is also possible.
SMH 
QQQ 
NAS100USD
Just closed my shorts from 05/05/19. I originally had spx500usd, russel2000, us30usd, and nas100usd on the 5 minute so I could compare their "bottoming" price action when buying the dip. I removed the Dow and put the 4hr nas100usd so you can see why I was looking at this level on the 5 minute in the first place. NASDAQ ended up creating a "triple bottom" support level while s&p/dow were making a lower low, and the russell was melting downwards. That convinced me to put my main bet on NASDAQ and
SMH (semiconductors) because they just had a fall from $120 to $98. Should be an epic bounce the next few days. I'm highly leveraged and things are currently looking great, stop losses are at breakeven, not taking profit until tomorrow at least, aiming for the 0.5 fib on nasdaq around 7370, 7430 is also possible.SMH QQQ NAS100USDTrade closed: target reached
Closed at 7370, looking for reentry or obvious continuation. 10/10 trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.