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NAS-OSL Inception day 23-3-2020, Make it or break it.Greetings fellow traders, As time goes by, the markets evolve... If your way of TA is strong, then the path will lead its way... More visible, more probable: Dashed lines; Possible forming patterns Solid lines; Confirmed patterns / Support or Resistance Dotted lines; Possible price-action trajectories / wave trend Lighten colors = Support | Darken colors = Resistance Current Pattern Formation Level: Alpha pattern: Symmetrical Triangle -> Bullish Pennant Beta pattern: Descending Broadening Wedge Possible Echo Pattern: Descending Broadening Wedge Today's Note: As requested and promised. My forecast on Norwegian Air shuttle. It's looking pretty bad. However when I use my style of TA on this chart and if this region is a bottom then this might rise again. Although this has to happen soon. Hopefully Europe comes to it senses also very soon. Nevertheless as you can see, you can trade with small risk. There is a chance you can loose money on this one of course. Not financial advice. But with just a small trade you can make a big profit, If this stock does recover! To be honest, that's a big if though. Might be strange but EMI 2 is showing volume entering the space and showing more bullish signs. Definitely keeping an eye on this one. To be concluded...
OSL:NASLong
by bonic
1
Tech Industry Set to Have Multi-Years of MalaiseOn February 8th I hinted that the market may be low-key hinting of a large sell-off. Unknowingly, no one was aware to the magnitude of the selling. With the virus clearly acting as a massive Black Swan, the markets (as I have been saying repetitiously) over the last while, are in deep trouble and the selling is FAR from over. Many stocks have, especially in tech, formed massive 5-6+ year shooting stars and the wealth transfer has begun. The glory days are over and no one should be longing any equities or you will be disappointed unless you are scalping or swing-trading. The only real 'true' longs will be in energy when crude rises with inflation for those that outlast this historic bear market in oil. The way you can set yourself up from 2021-2030 is by accumulating Gold at 1380-1400 and Silver at 8-10 as the next decade will be the decade of precious metals going parabolic. Pick the commodity directly, not mining stocks. Why the run for metals? Epic money printing, globally low interest rates, negligent fiscal policy and a plethora of other reasons which have all been amplified to the nth degree due to the virus. The aforementioned reasons will lead to inflation into hyperinflation and into stagflation. This will cause an additional recession after this current one before the markets have any shot of hitting new highs. That's right, we could be waiting a decade before the Nasdaq makes a new high. This phenomena will not just be for Microsoft, but many other tech companies. Remember, many stocks are overvalued numerically because of free money over the past 10 years. This allowed CEOs to buy-back stock and inflate the price. Now that times are tough they need bail-outs. Really? I think not. - zSplit
NASDAQ:MSFTShort
by PaulDeep19131
13
Nasdaq BEARISH continuation on CORONA virus PANICS!!Big congratulations on our previous massive sell again from 9000-8400/300 parameters after the short bull pullbacks, we must keep taking advantage till we get a vaccine and shootup to 10k Thats another massive buy opportunity loadingup. But However for now listen carefully FAM NASDAQ on a very crucial point now on a buy trend zone technically, But with more fears and panics on the corona outbreak we expect more bearish movements after 6days consecuteively of stocks dropping, So therefore insert Sellstop@8200 - 7950(TP1) And wait for break/updates to TP2(7950-7500) Then a buy-stop due to technical buy zone high above @8830-9500 if you cant detect a reversal(Candle,Pattern). But once sellstop activates delete the buy pending order and seat on your sell whilst locking profits as you move downwards. Like and share your ideas on this particular pair too. Also always apply proper risk managements thanks!
OANDA:NAS100USD
by NAS-KING
9
NASDAQ BULLISH Trend break CORONA VIRUS EFFECT!??Congrats on our previous good sell to 9300 parameters from 9500 after the bearish gap seen today, However NASDAQ as now break the bullish trend for a new pattern due to i believe the corona virus effecting Big companies under the NASDAQ composite Apple inc e.t.c creating panic and slowing production rates and shorting on demands, But My idea is that we expect little pullback after supports hits(TP Parameters). Otherwise fundamentals takes over to continue the bearish movements, As technically we expect bulls taken over already. Like and share your ideas on this particular pair too. Also always apply proper risk managements thanks!
OANDA:NAS100USD
by NAS-KING