Nasdaq Intraday Review – Thursday 11 Jan 2024I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you :)
Thursday was CPI news release.
I usually don’t like trading in the hours before the news event because market is often times very flat.
I left a small position open from Wednesday, but closed at A. when I noted the weakness on the 15min TF.
So I closed this position at a +- 1’200 pip profit.
As we were getting closer to CPI, I noted the 30min 20 EMA providing dynamic support.
One minute before CPI, I opened a buy at B.
For me, news events are like gambling because market can go either way and I don't know how to stack probabilities in my favour. For this reason I went in very small.
CPI candle shot down, but I noted the reaction to the pivot point.
The closure of the CPI candle formed a nice head and shoulder market pattern on the 1H TF.
I knew immediately I was not in a good position with my B. buy and wanted to get out asap.
But instead of panicking and closing immediately, I set a mental stop for myself under the pivot point (if candles started closing below this point a sell would ensue).
When the second candle came down to the pivot point again, I monitored price action on the 5min TF and decided to open a second position of equal size to my B. position. Second buy position is marked with C.
This was right on my mental stop loss, so if market continued to move down I would not have taken a big loss here.
However, bulls pushed up to re-test the neckline of the 1H head and shoulders pattern.
At about D. (which was where the 1H EMA was positioned at the time), I decided to close my B. position. I felt that the EMA could easily push price back down. At D. I had reduced my loss on B. by about half and considering it was a small position, I was happy to take that loss and get out of this “bad” position.
If market would continue to go up then the profit from my C. position would cover that loss easily, but if market went back down then I would be so happy to be out of that position.
I secured my C. position at entry (i.e placed stop loss at entry).
Phew – I was ok and felt I had managed my risk. I was happy to take the small loss from my B. position and would not re-enter the market if my C. position got taken out.
Unfortunately, bulls could not break the neckline of the market pattern and when the candle at E. closed I knew my buy would not work out. I got taken out at entry and stayed out for the rest of the day.
Ultimately, I still made pips for the day as the profit from the position I carried over from Wednesday was slightly more than the loss I took for CPI.
It was a hectic day and I hope you did well!
Today, market looks choppy so far and I believe PPI will bring some more volatility to the table.
What could I have done differently:
Ultimately, market came up all the way to my B position, meaning that I could’ve closed at entry without taking a loss. If I had looked at the 5min chart, there was no weakness at the 1H 20 EMA level. This means I closed based on fear and not on price action. Next time, I need to remain even calmer and let the candles do the talking.
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support and resistance
EMA = exponential moving average
US NAS 100
Nasdaq Intraday Review – Wednesday 10 Jan 2024I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you :)
Did my analysis around 5:20am GMT.
At time of analysis, the following was noted:
Buy fib was drawn early this morning from swing low at A to swing high at B1…and then later in the day to swing high at B2. Retracement levels written in purple for B2 fib.
Fib levels were relatively close together with less than 600 pips separating the 0.383 and 0.618 levels. This means that one can usually go in with your full lot size because the potential draw down can be handled.
Market was consolidating into a descending triangle market pattern on both the 1H TF and the 4H TF (with double tops inside). This market pattern usually breaks down.
Bears indeed managed to break the neckline of the double top (shown with orange lines) and market moved down the same distance as the height of the pattern. Here, price found dynamic support from 1H 20 EMA and moved back up to test neckline of the 1H / 4H double top.
I usually like to be part of the restest of the neckline which is in the same direction as the overall trend (bullish in this case). This morning however, I was expecting market to move down further but when I saw the reaction to the 1H EMA, I entered.
I entered half my usual position size as a buy at C. (half because I was really expecting market to move down at least to pivot point).
Confirmations:
- Market Pattern: Bears had broken the neckline of the double top formed on the 1H & 4H TF. Price had travelled the profit target distance and was about to test the neckline of the market pattern in the same direction as the overall trend. Price was moving up and had closed above the neckline at C. on the 15min TF. Price had also broken back into the descending triangle indicating that the break out down was a fake out.
- Fib: None – this is the reason I entered only half a position because the 0.382 retracement level was at the pivot point this morning so this little market pattern break out was a very shallow retracement.
- Candle sticks & trend: The candle at C. on the 15min TF closed green forming a higher high after a series of lower highs indicating that the temporary down trend was possibly over (fully confirmed by the next green 15min candle which closed above the temporary orange down trend line).
- S&R: 1H 20 EMA providing dynamic support
Mental stop was placed at think pink line, because if price did not retrace by the 0.618 fib level and closed below the previous D neckline then a sell would ensue. I would have entered another half position of price moved down.
Market moved up 750 pips from my position and I secured at entry.
I knew a real fight between bears and bulls would take place at the purple down trend line. This line is draw on the wicks of the D candles from the D Double top.
The move I wanted to secure today was the bulls breaking this trend line. So I didn’t take profit at peak B2.
Price came down and took me out at entry.
After judging price action just before & during market open I re-entered at D.
I am now secured at entry and holding in case bulls break through the purple trend line.
So I will be out at entry with nothing or if the bulls break through, I suspect there will be a big move up and KA-CHING!!
Fingers crossed! Hope you had a good trading day too!
What could I have done differently:
So I was trying to adjust my stop loss of my C. position and all of a sudden my trade closed and also my swing trade from Sunday evening.
My C. trade was close to entry anyway so I wasn’t too worried about that.
But my swing trade closing by accident caused serious PANIC IN THE DISCO!!!!!
I usually set my profit to show as pips in MT5 (it’s a strategy to help me deal with greed and fear). So the whole time I was seeing my swing trade profit in pips.
When it suddenly closed, I saw the massive monetary profit in my equity and it totally threw me off! I was like “should I just keep the profit?? It’s so much money!”….”Maybe this happened for a reason”….”This wasn’t my plan at all but maybe now that I have the money banked I should just keep it”.
Eventually, after I calmed down, I re-entered my "swing trade". So now my swing trade will be two trades that I will combine in my trading journal and view ultimately as one trade. It was never my plan to close that swing trade at that moment. I decided to stick to my plan and even if market draws down and I ultimately make a smaller profit from this swing trade, it’s more important that I stick to my plan and close my trades when I want to close them based on price action.
So take a moment to think about what you will do if a trade closes by accident….having thought it through before the time will assist you in those critical moments when it happens to you.
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support and resistance
EMA = exponential moving average
US100 ENTRIES FOR SHORT,Longs All Trap Zones for 5th Jan.2023This analysis is only for my honorable followers.
Click on the chart above
and study it closely, before taking any trade today: Ofcourse if you want to win.
I will buy if these conditions hit. if one of them do not hit, the bulls will get trapped hard
30 min close above 16425
US DATA TODAY VERY STRONG for nasdaq,gold, etc
but negative for the U DOLLAR
and if retracment after 30 minute closing
firm above 16425
My first target will be 16820
Here I will solve out my short hedge that I have opened
at 16853, and take Profit. But I will add more longs too,
and all longs that are active,but hedged will run along
SELL CONDITIONS: I would ell US100 ONLY and ONLY, if these conditions met. Otherwise the downward move will be a bear trap
16275: I would open a short , below this price only
if:
1. it reache 16244 or 16223
2.I will wait for a pullback to 16275
3. if it cannot break above that level,
t hen I would open the short.
Profit levels are as lower mentioned.
At 15939 we have 0,382 Fibonacci of Hourly and higher
Time frame(that is very strong support level no. 2)
TRAP ZONE 1
THE OPEN PRICE TODAY
is below yesterdays range, but
it is not rejected
tHIS IS AN INDICATION THAT the market is
accepting the lower price, and the sentiment ha not been changed
Both bulls and bear will get trapped very often in this range
16356-16416
TRAP ZONE
BULLS got trapped
in this zone twice this week
I will AVOID TO ENTER THIS ZONE AND
GETTING TRAPPED
BETTER: I WILL WAIT
If You are Gold Digger and speculate
to take some pips
your Risk Reward ratio will be high(Higher RISK THAN REWARD)
As at this point the market quickly changes sentiments
Follow the price The trend is your friendCut losse quickly, Let the profits run. Dont predict the market. Intelligent traders follow these principals only.
NAS100USD Will Go Lower! Short!
Take a look at our analysis for NAS100USD.
Time Frame: 30m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 16726.1.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 16644.9 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
Nasdaq Intraday Review – Tuesday 9 Jan 2024I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you :)
Did my analysis around 5:20am GMT.
At time of analysis, the following was noted:
A double top was forming on the 1H TF (marked with purple lines).
I knew that market would come down to test the neckline (marked in pink) of the D Double top that it broke through yesterday.
Drawing retracement levels in the charts in purple (swing low at A. and swing high at B.)
Noted that both the D 20 EMA and the 4H 20 EMA were close to the 4H – 0.382 retracement level. This created a strong area of confluence in my opinion (so I highlighted this area in yellow).
I set a buy limit at C. for half on my usual position size.
Mental stop was placed by the thick pink line, as this was also just below the 0.50 fib level so I would give my trade some breathing room in case market decided to test the 0.50 fib level.
Ultimately, market never reached my buy limit.
For me, today was a really important day for Nasdaq. If the bulls were not able to break the neckline of the D Double top that had formed previously, then we would see a further down swing of the market and a larger bearish pushdown.
With the candles, pivot point + EMAs + 0.382 retracement level below the neckline of the D double top (i.e. market had ALREADY broken below the D neckline), I felt unsure of a buy because the market was already in a risky area (below the neckline).
I entered a buy at D – Confirmations:
- Market Patterns: formation of double bottom on 1H TF. Entered when market had broken the neckline of the double bottom as well as the D neckline (marked in pink)
- Trend Line: D also represented the level where market had broken the temporary down trend line (marked in blue) and closed a higher high after a period of lower highs – signaling the end of the downtrend.
- Candlesticks: Strong green candle close on the 1H, breaking D Neckline
- Fib: Market had been down in the region of the 0.382 4H Fib retracement level and was now moving higher
Mental stop was the same.
Bulls continued the push up and eventually I closed my position in stages at E. as candles began consolidating at the level.
So that 933 pips profit for me today!
What could I have done differently:
I could have been more aggressive and entered at about F.
I already had a buy limit at C. so I was already willing to risk the buy from below the neckline at C. So when the double bottom started forming on the 15 min TF just above the level of my buy limit, I should have jumped in with my buy. But having to enter manually, I felt myself hesitating and being fearful that bears would step in at the neckline. Lesson to be learnt, if you have an ideal entry point where you set a buy / sell limit and then market forms a reversal pattern very close to your desired entry then jump in at that point and delete your pending order. If I had done that I would have had 511 extra pips in my pocket!
Hope you caught this nice buy!
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support and resistance
EMA = exponential moving average
NAS100 - LONG SPECULATIONHi Traders,
We've got ourselves a monster position on the NAS100, right now I'm speculating a several month position to ride out.
However we could see even further lows if we do break through these prices.
Marked on the chart are a few important price points I'd like you to understand.
We will also consider the latest fundamental data, such as CPI, Unemployment claims, interest rate data and stock flow.
Why should we include this data?
It helps us as traders to make clear, strategic based speculations, strong guesses so to speak on the direction of movement. Using this data is crucial for any trader who is serious.
We can see the chart is also on the weekly time frame. I will continue to add to this idea while price is being monitored.
I'll look to add more ideas further down that relate directly to this setup, until proven wrong by Wall St...
Nasdaq Intraday Review – Monday 8 Jan 2024I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you :)
Today was a different day for me. I planned the trade I took today over the weekend.
Friday 5th Jan trading day ended with a green doji candle close on the D TF.
This D candle touched the 0.618 Fib level on the D TF and closed above the 4H 200 EMA.
To me this signalled the start of a bullish move, at the very least to re-test the neckline of the Double Top on the D TF (marked in pink).
I decided I wanted to enter a swing trade and so I stayed up late on Sunday evening and opened a nice big buy position in the seconds as market opened on Sunday 11pm GMT.
My swing trade buy confirmations:
- Market Pattern – double top had formed on the D TF and price had traveled the full distance of the profit target (i.e. the same distance down as the height of the market pattern). I like to enter a trade that will re-test the neckline in the same direction as the overall trend (bullish in this case if we assume that the bear move was just a retracement and not a full trend reversal. I will consider a full trend reversal to be in place if market tests the neckline of the double top and then moves down again).
- Fib – a strong fib level was reached on a high TF (0.618 on a D TF)
- Candle stick – green doji on a D TF
- S&R – 4H 200 EMA providing dynamic support to 2 x D candles
I funded my trading account with the amount of money I was prepared to lose and I would not place a stop loss. I correctly choose my position size to handle a drawdown of 1500 – 2000 pips and if my account bust then that would be the end of my swing trade.
All went according to plan, and I am currently on 3166 pips profit for the day.
I did close a small portion of my position to recover my small losses over the previous days and also take some profit for my efforts today. But the majority of the trade is running.
I secured my trade at entry and am now trading risk free.
The plan is to wait to see if bulls break through the neckline (so far so good, but I am expecting a bearish push down tomorrow to test bulls strength). Luckily pivot point + 1H, 4H and D 20 EMA’s will be under the candles hopefully giving a push up.
What could I have done differently:
I am happy with my performance today.
Hope you caught this nice buy!
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support and resistance
EMA = exponential moving average
Nasdaq Visiting Liquidity levelsNasdaq already took into account t that the FED will decrease the interest rates by 160 points, & the market is pricing it as if it’s true.
In reality it is not true and J. Powell didn’t take any decisions yet. Supposedly J. Powell sees that his ambitions are. It yet met, he might decrease the rate by 75 points only and the market might easily decline by 8% as a reaction to that.
Keeping all realistic scenarios in mind is a must, and speculated assumptions without any facts or decisions must remain a hypothesis. Watch the market as it digests reality next week.
(This is not a financial advice nor guidance. It’s my humble opinion in the markets within 12 years in the market)
NASDAQ is going to pull back to the bottom of the broken channelWhen NASDAQ index reached the midline of the main historical channel, the hammer landed on its head. Then the bottom of the ascending channel was lost and now it is pulling back to the bottom of the broken channel with the confirmation of the indicator for a pullback.
The predicted route is specified.
NAS100 Trapped Buyers?We can see price has broken the high and pushed back down. If this is a liquidity trap trapping buyers could be a potential. As seen above I have 2 zones of interest, if the higher zone is broken I can see the price easily pushing down to the 14500 area.
We will need to check this on lower timeframes over the upcoming week and see if we have a true shift in structure across all timeframes which will once again give us more of a reason to believe it was a buyers trap.
US100 NASDAQ Technical Analysis and Trade Idea NAS100Sharp Retracement in NAS100: Opportunity on the Horizon?
Eyes are laser-focused on the NAS100 after it slammed into a key resistance level. The current aggressive pullback sets the stage for an intriguing dynamic ahead of the NFP data drop later today. A strong dollar boost (or unexpected weakness) could significantly impact the index, making this data release a potential swing point.
With such a sharp retracement already underway, I'm eyeing a potential long entry as the price plunges towards a crucial support zone. In the video, we dissected the trend, price action, market structure, and other technical essentials to build a comprehensive picture.
Remember: This analysis is purely for educational purposes and should not be interpreted as financial advice. Do your own due diligence before making any trading decisions.
Nasdaq Intraday Review – Friday 5 Jan 2024I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you :)
Did my analysis at +- 5:20am GMT
Usually, I am looking exclusively for a buy because Nasdaq was bullish overall and trading with the trend is always a good idea.
I believe this bearish pushdown is a big buy retracement on the D TF and not a trend reversal.
During my analysis, I noted the following:
Today was NFP. I usually don’t like trading during the day of a big news event. Often times markets are muted during the day with the true volatility coming with the news event.
I entered a buy one minute before NFP came out – Confirmations:
Market Pattern – Price had already travelled down the full distance equal to the height of the D double top. In theory, it is at this point that often market will reverse to test the neckline of the pattern.
Fib: Price was just above the 0.618 fib level of the D TF (a very high and strong TF)
S&R: 4H 200 EMA
My NFP buy was at A.
As NFP hit I was expecting a big reaction. However, market seemed quite unreactive.
For 10min price was sliding down.
I was very surprised and thought to myself that if NFP can’t turn this bearish retracement around, then price will fall a long way still.
I have been taking small losses in the past few days, attempting to catch the correct reversal point. But these have been quite small losses and overall, I am not too sad about them because my risk management was pretty good.
But in this moment, during the 10min after NFP, fear took over and I was not able to think straight.
I didn’t want to take further unnecessary losses and I was fearful that market would slip down because even NFP couldn’t introduce bulls into the game.
So, I closed at B. (right on the 0.618 D fib level).
As I was writing this trade in my trade journal and I was documenting the reasons for entering the trade, I thought to myself that these are such strong confirmations and that I didn’t give my trade enough breathing room. I realized then I had been too quick to react (out of fear) and should have waited to see how the candles would react to the 0.618 fib level.
So basically, keeping my trade journal highlighted to me that I had acted in fear and not rationally. I took a minute to think clearly what I wanted to do and knew I was prepared to put some money on the table for those strong confirmations, so I entered a buy at C.
Overall, bulls pushed up from B. by 2400 pips – this could be the start of the bullish trend again, especially as we saw the day close with a green doji candle on the D TF.
When I saw the weakness on the 15min TF after price had touched the 4H EMA, I closed half my position at D. I secured my remaining half position at entry and was hoping for market to continue pushing up to at least test the neckline of the double top on the D TF. But alas, we did not get there on Friday and candles spiked down to take me out at entry.
But felt really good to make some pips (950 pips) for the day!
Dealing effectively with emotions is one of the hardest parts of trading. Today, fear came into the game for me, but happy that my good habit of trade journaling helped me recognize this and that I still came out with some pips!
What could I have done differently:
Controlled my emotions better.
Hope you had a good trading day!
Catch ya on Monday!
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support and resistance
EMA = exponential moving average
Nasdaq Intraday Review – Thursday 4 Jan 2024I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you :)
Did my analysis at +- 5:20am GMT
Usually, I am looking exclusively for a buy because Nasdaq was bullish overall and trading with the trend is always a good idea.
Bears have totally dominated, with a push down of +- 7000 pips. I believe this is a big buy retracement on the D TF and am waiting for the reversal.
During my analysis, I noted the following:
A double bottom formed on the 1H TF (marked in purple lines).
Market pushed up to break the neckline of the double bottom & temporary down trend line (marked in light blue).
I entered a buy at A. – Confirmations:
- Market Pattern: This was the 1st time that a double bottom formed on the 1H TF since the bearish retracement, indicating the growing strength of the buyers. Entered at break of the neckline
- Fib: There was no buy fib level but there was some distance to travel to the 0.382 sell retracement (drawn at time I entered the buy and not as indicated on the chart now because swing low changed) so I felt there was enough distance for market to travel and secure my position at entry.
- Candle sticks: Strong 1H momentum candle + first time we saw 2 green candles in a row close on the 4H TF, again indicating the growing strength of bulls.
- S&R: Strong weekly and monthly support and resistance zone
It was a risky entry because the pivot + 1H EMA were just above pushing down, so I entered 50% of my usual position size.
Mental stop was place at thick pink line.
1H EMA proved too strong, and bulls were unable to break through. Took a 370 pip loss on this entry.
Not sad about it because I feel it was a valid entry and worth putting some money on the table for.
Bears push down further. Towards market open price was approaching the 4H 200 EMA (a very strong dynamic support zone) + the profit target of the D TF double top (marked by C. in bottom left corner – i.e., market will generally move the same distance as the height of the market pattern).
When a double bottom formed on the 15min TF in this zone, I was very interested to enter a buy.
However, just yesterday I said in my post “It’s ridiculous of me to think that its enough confirmation to enter a buy on a 15min TF (a very small TF). A 6000 pip bearish move will not come to a screaming halt on a 15min double bottom.”
The difference now was that this pattern was forming in an area of confluence as opposed to just a random 15min double bottom anywhere in the charts.
I chose to wait for the re-test of the neckline and entered a buy at B. as market was moving up again – Confirmations:
- Market pattern: retest of broken neckline of a double bottom of the 15min chart
- Fib: in the 0.50 fib zone on a D TF
- Candlestick: inverted green hammer candlestick on the 1H (a potential bullish reversal signal)
- S&R: in the zone of the 4H 200 EMA (a very strong EMA)
- Trendline: none
Mental stop was placed at thick pink line.
I also placed a buy limit at the thick pink line as I really believed a bullish bounced would occur from this zone.
Finally hit a nice buy with market moving up 1000 pips from my entry.
Wanting to see a strong move up, I secured my position at entry and am trading risk free.
What could I have done differently:
I should have taken profit (closed a portion of my position at D.)
D. represents the 5th time market tried to break this zone and on seeing weakness on the 15min TF, I should have secured some profit.
Good luck if you are still trading!
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support and resistance
EMA = exponential moving average
US100 16396.9 +0.18 % MULTI TIME-FRAMES 🐮🐻Good Day Traders
Here's a bit of a dive into the NASDAQ Multi time-frames out look.
WEEKLY
* Saw a sweep of some external range liquidity.
* Strong Momentum Shift & a CHANGE IN STATE OF DELIVERY
DAILY
www.tradingview.com
* The overall still bullish NASDAQ MIGHT just see some retracement into discount areas before continuation.
* NASDAQ has a shift in the momentum towards bearish side in the form of Market structure shift on the daily time-frame.
* looking for a possible bullish Day into Internal range Liquidity before continuation with the bears.
* Retracement into internal liquidity would be great for possible shorts in coming weeks
4H
www.tradingview.com
* A bullish day highly favored today
* looking for mitigations of bearish PD ARRAYS / INTERNAL LQ ABOVE BEFORE continuation.
* Momentum post-ASIAN SESSION indicative as well
1H
www.tradingview.com
* Ext liquidity was taken WED NY-SESSION
* just respected bullish FVG ON the hr.
* A shift above the fractal High will indicate that we might close the week bullish
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
9 AM ZAR TIME
ICT SILVER BULLET EXECUTION
Here is today's SILVER BULLET set-up which presented multiple entries.
1. Swept Asian highs and internal range liquidity
2. Aggressive momentum into the range.
3. 1st entry was an inversion FVG + BALANCE PRICE RANGE
4. 2ND entry classic ICT 2022 ENTRY MODEL
5. 3RD ENTRY REJECTION AT THE FVG
Target > 1hr +FVG
www.tradingview.com
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
Support zone: 16319.8-16579.4Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(DXY chart)
DXY gapped above 102.089.
A rise in DXY may indicate stagnation or decline in the investment market, or a transition to a recession.
Accordingly, it is expected that the investment market will rise and become active only when it falls and remains below the 102.089-106.416 range.
If it rises above 105.873-106.416, caution is needed as there is a possibility that the investment market may turn into a recession.
---------------------------------------
(NAS100USD chart)
(1M charts)
In order to turn into a downtrend from a long-term perspective, it must fall below 15090.3.
(1W chart)
The HA-High indicator appears to be forming at the 16123.5 point.
Accordingly, the key is whether it can be maintained above 15978.3-16123.5.
(1D chart)
As it fell below the MS-Signal indicator, it turned into a short-term downtrend.
Accordingly, the key is whether it can receive support and rise in the 16319.8-16579.4 range.
If not, it is expected to touch the M-Signal indicator on the 1W chart or around 15978.3.
If the decline continues, the HA-Low indicator will rise.
At that time, it is important to be supported by the HA-Low indicator and whether it can rise.
If not, there is a possibility of a cascading decline that continues to renew lows.
Have a good time.
thank you
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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