NASDAQ100 CONFIRMED BUY RE-ENTRY!!!Check previous NASDAQ100 POSTS FOR MORE INFORMATION
TP@11416
SL@10682
+27 84 254 2782!
NAS
NAS100 What an amazing day it has been. Started off bit shaky but the bulls have taken over. Its all about patience and wait for the break. Hope you all gained
NAS100 AnalysisWhat I think might be happening in the next couple days. Today I'm hoping for a break to 10570 or 10794...
lets patiently wait and see what happens
NAS100 TP Hit again todayI will be putting a analysis up where I think the market will be going. If you followed my trades today I hope you all gained from it.
NAS100Analysing the Daily- You would notice a retest was needed and this is exactly what happened. This is why its so important to see higher time frames
Drop to channel support then buyI'm looking for a break of the marked support level. I have Sell stops in place for this.
Will look at buying on a rejection of the channel support.
There are a few scenarios that could play here, including a bounce from the current support mid channel.
MACD is still showing me a sell for now.
NAS100 AnalysisWe need a break of10780-10800 for the bull to continue otherwise we can see more bears
NASDAQ Long positionYesterday the RSI indicator showed that NAS was hugely overbought with an RSI of 86
After a big pullback price corrected and the RSI dropped to 30 indicating a possible long position again
If we drop down to the 15min time frame we can see the EMA crossover also confirming our buy bias
This is enough information to have placed a long position with a decent 1:3 R:R
NASDAQ 100 LongNasdaq has been climbing since today's news released at 12PM GMT ,Tesla reaching record levels of $1,500 pushing NAS past $11,000.
Today's news rallied the stocks up to record highs and price action broke out of a current uptrend channel,with the news over
we are looking for long positions after a re-test of our level at $10,876.7 + 0.5 fib level.
We will see where NAS decides to go after re-tests and more effective news coming towards the end of the month with Earning reports of major companies.
BIAS: Currently Bullish,looking for re-test and continuation upwards depending on US corona situation and news.
