SOLD THE NEWS!We went for a short on OANDA:NAS100USD
SOLD THE NEWS AT 17351.79
STOP LEVEL: 17376.77
ANTICIPATING TAKE PROFIT AT 16994.38
CHART AS OF POSTING:
Enjoy the pips.
Nasking
Next move will be determined by how price react on this levelTraders, let's discuss a little bit of the technical aspect of Nas100.
First we see the support swap resistance zone that of course was a strong support in the past. This level kept price above it since December 3rd, 2021. We also see that the market bounced up on this level on 20 December 2021, a bounce up that created a cup shaped pattern and on 10th January 2022 we see a correction that created a handle and eventually price broke out to the downside.
The structure which is being created now can be a possibility of the same previous patterns we saw-Cup and and handle. Right now I do not want to make so much assumptions, since this structure is not yet completed. For it to be completed of course I want to see some sort of correction which may give me confidence to determine another long direction.
Congrats to everyone that followed my previous idea, we were able to reach our first target with 385 points (2.59%).
🔹Previous Idea:
🔹Outcome:
Again, each one use his/her own discernment as my ideas are not the final for one to invest based on them.
Feel free to share your thoughts and opinion in the comment section below. Let's all learn from each other.
Break the support lineIf we can see a break from the support line and Fib 38.2 arrears a strong down trend will develop pass the 8500 zone. Might hit some highs before this is done so apply financial risk management. Any additional ideas welcome.
NAS100 / ZONEHello TradingView!
We're just experiencing what normally happens with NAS, we'll see a pattern begin to form here on the next 2 candles of the 4 Hourly.
The purple lines represent a zone, where if you were looking to enter a LONG, do so in between the purple lines. But remember to do your own analysis.
Keeping this short and sweet tonight, it's the end of the week. Time for a beer.
Have a good weekend, I will see you all next week on market open.
I'll post Sunday analysis of market open.
NAS100 / MONTHLY VIEW (April)Greetings Traders.
Hope you're all well
It looks like we've seen a few bulls clean up their fingernails and begin clicking BUY. followed by a huge surge in online purchases and profit reported by some of the index's list of companies.
The Bears have had a growl or two and thought to themselves they're tired. time to go back in the caves.
What I expect:
Price Correction: 9625
New High: 10225
Confirmations:
+ Technical Analysis
+ Fundamental Analysis
+ Chart Patterns
+ Trump
+ Coronavirus confirmations beginning to slow across the globe, therefore less stress and happier shoppers for the online industry.
NAS100 / LONGSet those longs.
Was waiting for the right opportunity.
Prepared for it to go into a little drawdown but not enough to break SL
Always use your own risk management, don't exactly follow mine unless you have over 5,000 capital
NA100 / PROJECTIONWe're heading down to support.
A crazy 6mil unemployed.
+ we should see this market open near support or lower.
NAS100 / AU OPENLooking at a long for AU open.
Going by past results, history and technicals, we should see our move.
NAS100 / Projection Looking like it's heading to 8052.
Rebounded off trendline, didn't give a rats about our short position, either.
Retested fib levels and is approaching a resistance zone.
WIth the 6-trln being pumped in over the next month or two we'll see a bullish NAS
NAS100 / SHORTScalp time.
Lets short it down after the NY session.
SL is quite large to allow for volatility.
NAS likes to test zones.
NAS100 / ProjectionWe've been playing in this zone for a while now, without dropping too far or going too high.
With Trump signing 6 Trln dollar 'help me' bill, we could see a very aggressive and fundamentally driven NAS100 for a week or two. Followed by another sharp drop. The race will be on then as to what will collapse first, the economy or failure to recover those who have Coronavirus.
NAS100 / Daily ProjectionWe'll see this fall more.
Another halt, then fall more,
US session will open and it's likely to be pumped up a little.
NAS100 / Project on OpenI guess, it's going to be a 'short' week ahead, pun intended.
We see NASDAQ:NDX reached previous fib levels.
Now, same setup again.
Using colour codes now to confirm movement providing we don't see $1.5+ trillion hit the market.
NAS100 / TRADING HALTED 15 MINGod damn it...
Another trading halt.. 15 Minutes of relaxing.
But this was to be expected... according to my prediction I made before market open.
