Nq!
Market Health Update 12/26/2018 (Nasdaq, WTI, Gold & EURUSD)Good Morning Traders! Raphaël Comte from Traders Profit Club sharing a short review of Nasdaq, WTI / US crude oil , Gold and EURUSD!
I will be streaming live at 12:30 PM PST. If you wish to know more about the markets, click on the link below:
www.youtube.com
Have a good day and trade safe!
NQ / NASDAQ / SP500 - Preparing for bullish buy signalsThe QQQ have been on a tear for about a week now. If you we're watching my analysis from 3-4 weeks ago you were aware of the inside bar setup that I was waiting for a bullish breakout of. Although we had a false break down on 5/23, price immediately recovered and the bullish breakout that I had been predicting did ensue. The price action on 5/23 produce a very bullish Inside-Bar/False Break pattern as well as a bullish engulfing bar, all above a critical support level. This generated a number of overlapping buy signals that many of you, including myself ended up going long on. I cashed out as price approached upper resistance and now we can see price has begun to pull back a bit. I will be watching for price to fall back to the support zone and then new bullish buy candlestick patterns to form such as a bullish pin bar, bullish engulfing bar or inside-bar. As long as price remains above 7,000 I am going to be strongly bullish and be watching for any signals to get long with the trend.
NQ - Nasdaq formed a pattern for a potential down move.I elaborated about this pattern here on TV already a couple times.
Because we have reached the Centerline and price formed this pattern, I'm confident that we could see a larger move down to the L-MLH.
Let's observe how this plays out to get a good understanding of the price movement within this context.
P!