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Reatracement!

NAS100 Mean Retrace 26.10.2023It is clear that the NAS100 has broken another consolidation phase and moved to the downside rapidly yesterday. This is an unusual crash intraday and considering the volatility of stocks, the index is expected to retrace before crashing further back to the 61.8%. It could be the case that this support is going to break instead. However the risk-reward ratio at this point is favorable. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
PEPPERSTONE:NAS100Long
by Stuart_Cowell
AAPL- Earnings Play | UpdateFundamental Rationale- AAPL catching my eye here, by no means is this a short-term play. 9 times out of 10 AAPL is a classic case of "buy the hype, sell the news" when it comes to earnings. Will have a solid run-up to earnings and sell-off after as everything will already be priced in, will be playing AAPL's run-up to earnings with one of the two plays annotated on the chart (See Green Box). On a slightly different note, big symmetrical triangle here on the daily timeframe on AAPL and is sitting right on its 20-day SMA (Not Pictured). Given the markets are all at or near all-time highs and in my opinion, are very overextended. That being said will be expecting a retracement back down to the 50-day EMA. Regardless, bullish and will be looking for a breakout from this triangle- Keep in mind this is a long-term play, just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones to keep an eye on in the meantime- ** 4-Hour & Previous Charts Attached Below ** Technical Rationale- - EMA's starting to curl upwards - 20-day & 50-day SMA golden cross (Not Pictured) - Falling wedge on the 4-hour timeframe (See Attached Chart) - Bollinger Bands Squeezing on the Weekly Timeframe - Slight bullish hidden divergence on the RSI PT1- $152.28 PT2- $154.50 PT3- $157.30 PT4- $160+ New ATH's 4-Hour Previously Charted
NASDAQ:AAPLLong
by jacobosiason7
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