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NAS100 Analysis Hi Guys. So last week was great, we broke through previous highs to make new highs and it moves with some very good momentum. However after it made new high it has been consolidating and doesn't really know what to do. Its been a great battle between the bears and bulls- a lot of long wicks everywhere stopping traders out the trades. Im hoping to see some good stability in the market this week. Currently the market is still consolidating and we can see a triangle has been formed aswell. For the bears it is pretty simple, a break of 12442 and we can seen as come down to anywhere between 12377- 12227. If we manage to break this channel down and we get confirmation it has broken then we may see some bearish trends. As for the bulls we can see 12537 has been a very strong area of resistance however it may eventually break pushing price to 12657 - 12750 Advice for this week: Have a plan- a fool with a plan can beat a genius with no plan. It is very important to know where the market is going and be ready to execute with the correct calculated risk. To be a wealthy trader, you must learn first to love the money you have. If you have no care or love for the capital you have then you can never succeed to make more money. Protect the capital, and that capital will one day make you a millionaire!!!.
OANDA:NAS100USD
by Tradeofgrey
4
NAS100 Analysis What a crazy day it was yesterday. Trying to break out of a consolidation with so many fake breakouts - Stop hunters. However we eventually got in the buy and it was a beautiful exit reaching a nasdaq New high. Today we may see some gaps filled with bears come back in or a continuation for the bulls coming back to 12518 and if we get a break here our next target is 12628. As for the bears we may see it drop back to 12213. and a break there can bring us further down. I have outlined the key levels for today. Lets see where this may take us. Remember Key levels I have drawn have strong support or resistance so we can easily get bounce from them if market respects that level. All the best
OANDA:NAS100USD
by Tradeofgrey
NAS100 AnalysisHI Guys, Ready for another very profitable week. NAS100 had an amazing run last week. This week we looking at 12400 a major key level. A break there we can see new highs or we may even get a bounce from there bringing price down to 12100 a previous consolidation zone. As for today the targets for: Bulls: 12290- we will have another attempt to reach 12400 Bears: rejection at 12290, will bring price down to zone 12214, and a break of this zone will also be the break of the trend which can bring price between 12214-12100 All the best guys and if anyone needs help: Always here to assist. Remember guys to become a profitable trader we must have a good strategy and plan to execute. We must stop gambling our hard earned money away. If you feel you are gambling then stop and learn to be a profitable trader so you can invest and grow. A investor doesn't blindly put his money in, he is aware of where he is investing, and what return he is expecting. Be like an investor not a gambler!!!
OANDA:NAS100USD
by Tradeofgrey
6
NAS100 AnalysisNAS100 Analysis After a beautiful upward rally yesterday, we are now consolidating in a very important key area where on the daily we can see nas has come up to 12110 many time about 6/7 times and each time got rejected. A break above that level we can see bulls come back in full power but we will know when the day closes tonight. As for today, A break of 12055 will bring us back into our consolidation zone that we broke out yesterday. As for the bulls we need a break out the current trend line to reach 12400 -12500
OANDA:NAS100USD
by Tradeofgrey
NAS100- Daily TimeFrame AnalysisHI Guys, Hope you all had a good trading day yesterday. I will be releasing my daily analysis very soon. Firstly id like you to see what is happening in the daily. It is important to see what is happening in the higher timeframe to be able to execute on the lower timeframes. We have a triangle that has formed and its been respecting this triangle very nicely. We have had couple of fake break outs from this triangle and they were quite a big 300 pip moves but each time they failed and came back in. Now that you have seen this triangle im sure you all see the lower timeframe a lot differently and you have a zone to trade in. Weather you are waiting to trade when it breaks or trade inside the triangle , you have a clearer picture to plan.
OANDA:NAS100USD
by Tradeofgrey
NAS100 AnalysisNAS100 Analysis Will we break 12110 today to bring the bulls right back in?. or break through 11901for a bearish momentum. If we do break 12110 then next target will be 12259, as for the bears 11900-11653. It may come down to find support before going back up. You must understand how to use support and resistance to be able to profit from these analysis. These are key major S/R but there are other minor support and resistance that are not drawn on the chart that you must be able to identify and draw yourself. I dont draw all the minors so people dont get confused with alot of lines.
OANDA:NAS100USD
by Tradeofgrey
NAS100 AnalysisNASDAQ Analysis HI Guys. We are still consolidating on nasdaq. We really need a break soon to know exactly where this is going. I am very inclined towards the sell but anything can happen when market is consolidating. We are still at a crucial point on the daily where is may even break out the triangle and go for new highs. Or it may fail and we may see some bearish movements. We can only plan and prepare and be ready. For the Buyer: 12059- 12218 For the Sellers: 11926- 11786
OANDA:NAS100USD
by Tradeofgrey
NAS100 Analysis Sorry for the late analysis. We have a triangle formed on nasdaq. A break down will take us next to 11980- then we will need a break of 11980 support and the trend line for the bears to continue. As for the bulls- We are at a important point on the daily- We really need a break of 12100 for the bulls to continue. if you have a look at the daily you will see a triangle has formed. It failed to break yesterday and if we go back there again we will see if it manages to break.
OANDA:NAS100USD
by Tradeofgrey
1