Ustech100
Nasdaq 100 Monday long prediction!Wait for consolidation breakout!
And then wait for entry confirmation
NOT LOOKING TOO GOOD TECH FUTURESWill we got more chop sideways or a flush?
Today Healthcare/Energy/Consumer/ non tech names did well.
Seems like growth still getting the short end of the stick in the markets and bears are smelling blood.
Not sure if this level will hold but if we go under, i'm shorting away. If we chop, i'll continue scalping and building up cash position.
Aiming for a loss!Loss? Nobody wants to hear about that. Right?
Am I saying this position is going to make money? Nope. I said it is an opportunity for a loss. It's a thing called a stop loss.
Why would I go there? Price is close to the 1D ATR line. If it goes south, I won't know how far. If it goes north, I control how much it'll take.
The best way to secure zero losses of money, is to not trade at all. 🙄😉
Disclaimers : Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
NASDAQ - Survival of the fittestfrom wikipedia:
"Survival of the fittest" is a phrase that originated from Darwinian evolutionary theory as a way of describing the mechanism of natural selection. The biological concept of fitness is defined as reproductive success. In Darwinian terms the phrase is best understood as "Survival of the form that will leave the most copies of itself in successive generations."
Indeed the Nasdaq is the group of companies that are looking into the future, being defined as the technological giants as such.
I have expressed myself occasionally on how I like to buy the calculated dips on NASDAQ, preferably on support. Take a look at my chart, that time is again now.
Let's go higher NASDAQ!
US TECH 100 looking for directionlooking at breakout above or below support and resistance to get in a longer term position.
Clean levels provided by fibo on daily chart (orange color)
update sto follow
NAS100 Possible sellI see a possible sell on the NAS100 somewhere along those lines. Keep an eye open for that move!
Why pay attention to head and shoulders?Head and Shoulders is one of the most reliable patterns in trading. You could find the stats on this - I've long forgotten them.
Many H&S pattern fail and you have to be prepared to take controlled affordable losses when engaging them. But when they do fall in your favour, they could be big earners.
As always, these patterns do not 'predict' - they create probabilities. For every estimate on probability in one direction there is a residual probability that it won't work for you. That's where the stop-loss comes in.
Strang things can happen with these - based on experience.
1 - the pattern fails completely.
2 - a second right shoulder develops (usually in bullish markets).
3 - price stalls in a range for a long time.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
NAS100 Potential Buy On the 4h, we got a false breakout from a key resistance area, and as a result, the market printed a evening star (bearish) pattern.
To avoid getting closed out by this 4h pattern, we can wait for the price to push and close above the 'buy above' area before entering into any buy position (this is the safest option).
The more aggressive approach would be to look to buy the retest of the broken trendline and potentially catch the market at the beginning of a potential continuation to the upside.
I'm looking for the following 3 confirming factors to take a buy:
#1 - Market is trending up.
#2 - Key level is tested and rejected.
#3 - Candlestick entry signal (Pin Bar/Engulfing/Bullish pattern)
TSLA correction to upside? Should we begin buying the dip? As title states, Tesla is at a demand, S/R zone. Should we begin seeking long opportunities to our prior supply zone which would complete formation of a double top at resistance? With just under 100% to gain, risk to reward is most favorable now if you ask me!
Confluence of fundamentals are essential before placing any order. Standby for Elon to save the day, not just for Tesla but NAS100 holistically.
All the best