nas100 analysis - 24 mar 2023- on the weekly we are bullish due to market breaking out of major resistance earlier this year around jan 23rd
- and then the market went on to form a new higher low point around the previous lower high point which was broken
- now we are currently at the high high point and market showed signs of respecting that level during the last week but has held it's bullish momentum this week and i see it breaking out the higher high
- down onto the daily market has been in a range for 3 days but today's daily shows some buying pressure
- currently waiting for the range on the H1 to breakout to the upside to go long, i am leaning more towards being bullish also because on lower timeframes market is forming HH'S and HL's
- if it breaks to the downside i'll revisit my analysis and make a decision from there
- tp and sl are as shown on the chart
God bless :)
Inthezone
gold analysis - 24 feb 2023my top down analysis goes like this...
- market broke out the 1829 level of support on the daily support
- yesterdays daily candle retested (broke in and broke out) to respect that level of structure which is our new resistance
- currently on the H4 market is still respecting structure and is showing signs of a bearish move with the long wicks
- just took a trade on those wicks but i'll be monitoring what market does because i see signs of an inverse head and shoulder which could work against us
- but tp is at 1812 and sl is placed at 1828 above the wicks so we'll see which one gets hit today
nas100 analysis - 06 feb 2023too late with publishing this trade i took on nas100 but my reasons were as follows
- a double top formed last week at a significant resistance level
- market then broke the neckline of that double top
- waited for a retest of that neckline which occured at the london open and the new york open
- waited for a formation of a lower high on the M5 after the rejection than placed my sells
- take profits are at the 12187 level then we'll see what price does when it gets there
S&P 500 analysis - 06 feb 2023hope all you guys are doing fantastic here's my analysis for the s&p 500
- market made a higher high at around 4190
- then went on to make lower highs while breaking higher lows
- initial entry could have been taken last week thursday, but market showed signs of continuation and at the london open it retested the support level where my entry was taken
- take profits are at 4083 and we will see what the market decides to do when it gets there
- if it breaks that support i will wait for a retest and go short, if it respects that level then i will look for a bullish reversal pattern and/or wait for the formation of a higher low point where i will place my long trades
God bless!
:)
nas100 analysis (08 aug - 13 aug)nasdaq has been in an uptrend for just over a month now so the chances of it continuing with this trend are highly likely and as seen by my analysis...
1. on the daily it broke above the downward trendline
2. market retested both the trendline and broken resistance on friday
3. entries can be taken if prices comes back down to the support level or if it breaks the daily resistance
possible that market can just turn bearish but i will wait and see what happens on the next trading day but my current bias is bullish
nas100 analysis (28 june-01 july)here we go!
the reasons behind my bearish bias are as follows:
1. on monday we tested a key market level which is our current resistance level and closed bearish with bearish momentum as seen by the wick on top of the candlestick
2. market came and tested the downward trendline and closed below the trendline
3. on lower timeframes a head and shoulder pattern formed at the key market level
so there is a decent probability of market pushing down in the coming days and i'll take trades only when my edges occur
nas100 analysis (22 june-24 june)so...
1. on the daily we closed respecting the major level of support which is now our resistance
2. the third touch of the downward trendline was a bearish engulfing on the H1
3. market is making a series of lower lows ad lower highs
4. entry was at the breakout of the counter trendline and sitting at a 1:4 risk reward
5. market could close above the counter trendline on the h4 but trade will be managed accordingly