Was charting TQQQ so will just use this chart. I am -2% on a small SQQQ position but adding here. Arguably a double top. If it gets out of that channel possible violent drop I dont want to have to catch. 50% position, will add if we go up. Stops at acceptable loss. Not advise.
Stoch RSI getting very overbought. But the diagonal is missing the 5th. I think we have a push above 14,000-14,300 in some mini parabolic pump move then roll over into either Wave b or wave 2
Dear traders Nasdaq was down and after ny session it’s came Back and closed bullish so as you see in my chart I expect price if he reject 12997 and closed bullish it will be chance to buy and if he breks below 12997 and closed bearish it will be Chance to sell wait always for price action trade safe Good luck
Potential reversal identified based on August price action. We are at a tipping point for tech. Weekly technicals are oversold. MACD monthly remains negative. Jobs report and further Fed hikes may amplify this technical analysis may tip the scales and send tech plummeting. Good luck, Opinion - not financial advice
There is also a bullish wolfe wave setting up on the 4hr and 3D time-frames which all can be used for supporting evidence that a strong rally is nearing. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the line perforated line, as shown in the chart. If we extend a vertical line...
A long term trend line has been touched on the Nasdaq Composite This has been seen as a point of great support extending all the way back to the 1980's Price will likely bounce off this line and continue upwards This is an addition to chart below, providing support
We have real momentum here on the NDX100. With the 3D sitting right on the 200 ema a break above that will likely confirm my count and send Tech sector (most likely crypto as well) up into higher targets on the HTF.
It's just x wave , don't enjoy it very much :-) Another uptrend for 5th of terminal c and it will go down for new low
Jamie Dimon, the JPMorgan Chase CEO: "Right now it's kind of sunny, things are doing fine. Everyone thinks the Fed can handle this." "That hurricane is right out there down the road coming our way." "We just don't know if it's a minor one or Superstorm Sandy. You better brace yourself." Jamie Dimon is predicting an economic "hurricane" caused by rising inflation...
Using Fib circles to plot how price falls Both corrections are around -80% A fall like this allows for a third touch on the up channel that is apparent Bars pattern placed (red) is just my thoughts of how price could act if this scenario occurs
Nasdaq 100 P/E ratio on May 12, 2022 was 20.71, which is below the Median of 26.59 or the Average of 30.04. In the past 5 years, the Minimum was 15.74 on MAR 23 2020 and Maximum 86.30 on JUN 28 2017. I have 2 scenarios: 1. Inverse head and shoulders chart pattern with a price target of $16650 by the end of the year. 2. Worst case scenario: bull trap at $13350 an...
If you haven`t seen my last NDX idea: Then you should know that the double bottom is in and i think this was the last dip of 2022. I`m expecting a return to $15250 level by the end of the summer. Looking forward to read your opinion about it.
If you haven`t seen my last post about NDX: Then you should know that Nasdaq 100 is closer to a double bottom chart pattern, with an upside potential reversal to $15670 this year. Looking forward to read your opinion about it.
NDX Nasdaq100 is looking bearish for now. I think we might see a double bottom before closing higher this year. Looking forward to read your opinion about it.
I think we might see the end of the war soon. Russia says the first phase of its “military operation” in Ukraine is mostly complete. I am considering a W-Shaped Recovery on NDX and a price target of $15670. Looking forward to read your opinion about it.
After the biggest correction since March 2020, investors are buying the dip on the main indices. Nasdaq 100 is the best US index in terms of long-term performance and drawdown. We are in oversold territory in all the main indicators such as the RSI, MACD... We are not safe yet, and a bigger correction may occur. If we lose the support line of this week (13700), we...
After losing 11.70% from the beginning of the year, the Nasdaq 100 index has found a strong support from which i expect a bounce up. Looking forward to read your opinion about it.
We hit my IH&S pattern but could not break up from the rising wedge. Instead we have broken down, I think we are heading to that weekly 50 ema at 13,500