NASDAQ - 17/01/25
There is a discrepancy between the Oanda and Pepperstone, if you look at the supertrend line (the black line), onda shows very strong support. However, pepperstone shows it has been broken, therefore the next time it can go through it without resistriction.
As many of you wish or hoping that the market will fall after Mr. trump proposals.. please bear in mind that at the moment it is 50/50, although we have failed to close above the critical point which is the moving resistance level. It can still make a one candle move to ATH or near there.
So having looked at the oanda and pepperstone, with different supertrend, as one has flipped upside whilst the other sits as a support, it gives us the range which we are inside.
Having looked at the 15mins, 30mins, and 1hr, my background trend brown colour however are in the red, and the weekly one is remains in the red, even after this move. ~If the weekly background colour changes then we will have the next cycle of Higher ATH...
Again, this is not a financial advice just my personal opinion, so please take it with a pinch of salt.
As many of you wish or hoping that the market will fall after Mr. trump proposals.. please bear in mind that at the moment it is 50/50, although we have failed to close above the critical point which is the moving resistance level. It can still make a one candle move to ATH or near there.
So having looked at the oanda and pepperstone, with different supertrend, as one has flipped upside whilst the other sits as a support, it gives us the range which we are inside.
Having looked at the 15mins, 30mins, and 1hr, my background trend brown colour however are in the red, and the weekly one is remains in the red, even after this move. ~If the weekly background colour changes then we will have the next cycle of Higher ATH...
Again, this is not a financial advice just my personal opinion, so please take it with a pinch of salt.
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