I have a backstory of being wrong, i've lost a lot of money between june and december on SQQQ
but lately i predicted the Covid Drop, the "'after bubble" and since then it reminded me my errors were that i was trading SQQQ on a large scale instead of a 15min scale
at 15min scale you can always count on it to go back to RSI 60
still when you zoom back, you notice...
4hr chart of E-mini Nasdaq futures..
Feb 2018 bottoming process, not as large a drawdown as 2020, but still looking for similar evidence from momentum..
So excited for Monday!
Alright, so as I mentioned last Friday about the possible pullback, we saw that when Trump signed the $2 trillion bill. And as predicted, the price fell. Currently, wave 3 has the same length as wave 1, but I am really excited by the strong rebound from NQ. NQ is now at the territory, meaning a high possibility of wave 3 extension,...
Hi:
Yesterday I was expecting a pullback since the bill was about to be passed. And it did. It was an easy .618 retracement that didn't hold for long. Since that failed, I am projecting that a new downtrend will form since next week, possibly triggered by the rising number of infections. Potus' plan to work on Eastern is probably gonna fail as well. So, because...
Hello:
As I was analyzing the NQ movements, I still believe that NQ is in a 5-bearish-waves. Because of that, I believe further downside would come later on. When looking at the orange blocks, I am noticing a 5-bearish-waves as well. However, I think there is still some upside for NQ tonight. Politically speaking, you have the House voting for the $2 trillion...
I wanted to post this sooner but i forgot about this. But looks like tsla will come back to the trend start just like BTC did back in 2018.
Good luck trading everyone
This is not the chart that is headed back up - this is drifting sideways... there are no buyers. If buyers we're there it would head up.
Sideways, we drift down to the blue line then it gets tanked a little at a time or fast?
IWM is a great chart to navigate the market, and super easy to read.
4H Chart Explanation:
- Price was on an Ascending Channel.
- Price broke the Channel.
- We are waiting for a correction before continuing the down move towards the Support Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
NASDAQ now appears to be in the fourth wave as predicted in the post below. This is what I had said: "...the second fourth wave could start in two weeks (between 17-24 February) from around 9700."
What's next?
The fourth wave can take a number of shapes but if it is a just an ABC correction, then wave A may already be complete and we could move up in wave B...
Very strange movement going on because of corona fear, and target prices are easily ruined bc of the uncertainty. Although I proposed that NQH would hit 9300 level, but the recent downtrend seemed to create a blurry outlook. I think now the price might fall even more because of failing to break out. Wait and see if there is any bounceback from NQH on 9130 level....
I tend to get overly bearish when futures tank, so plotting a bull scenario for Mon/Tue, NQ is waaaay oversold now, so it's due for a bounce early this week.
Note that it's already bottomed out at the old resistance which typically provides support.
NQ1!
Showing a setup that I am eyeing should price happen to climb and attempt to retake the gap close.
I am potentially shorting the open for a 40 pt, maybe even 90 pt clip.
Tight stop, 5 pts. No need to risk more than that.
Trade is off if it falls lower than 9000.
This is my opinion and trade idea. Please do not consider this as trading advice.
