This is my trade idea for NASDAQ 100 right now I see price currently making a higher low and I’m just trying to catch the move while the higher low is forming. This higher low can be found on the 4 hour/ Daily time frame. I think this is a good area to buy because of how many confirmations I have one this trade (1) Higher low (2) 3rd trend-line touch (3) 61.8-...
TSLA is following this downtrending pitchfork and has picked up buyers at the 1.618/1.65 (golden & orange zones).
I am expecting momentum to swing past the median and look for buyers in the outer supply zone at 1000.
If the stock is bearish (for whatever reason) then I'll be watching for a pullback to the previous VPVR zone at 916 then bounce up to 983 to see...
Upside Targets:
193.99, 257.52, 291.18
Downside invalidation: weekly close below .854 fib (138.04)
Welcome to 2022 and it looks like Zoom could be forming a bottom here on the .854 fib retrace. If it loses this level then it is extremely clapped and I would just bury this into the ground.
If the bullish sentiment picks up I can see this going along for the...
CAT has slowly been unwinding with lots of volume on every move to the downside while seeing lower relative volume of buyers bidding up the price.
I'm looking for CAT to make one more swing up to look for any buyers near 208 and 217 areas. If we get a rush of volume to support the move then we should the continued trend to the upside of the...
SPY is still following the trend since the covid lows. This pitchfork captures the median move and last weeks huge buying to selling volume (BS indicator) shows this could be the bottom for the corrective move.
I'm planning for two scenarios.
1.) Bullish reversal that will tag the upper pitchfork over near 570 by mid-summer. I'll be watching the volume with...
SMH has sold off through the median of the pitchfork with more volume than the uptrend (Oct 21 to Nov 21). There is a likelyhood that we are doing "as above, so below" pattern where the price rejects the upper channel, supply exhausts, then comes back down to mirror down below to look for demand.
As of now SMH is hammering near the outer channel. I'll be looking...
