IXIC trade ideas
Follow Through Day's and Market BottomsIt’s said that three out of every four stocks will follow the trend of the general market. It’s also known that the best opportunities come when a bear market ends, and a fresh new uptrend begins. The question is, how do you know when a new uptrend starts?
The Follow Through Day
A Follow Through Day was defined by William O’Neil as “when one of the major market averages moves up over 1.25% on heavier volume than the previous day.” A Follow Through Day usually occurs sometime between days 4 and 12 of an attempted rally.
When to Start Counting Rally Days
While the market is in a down trend, you are waiting for the first day the market closes positive to start counting your attempted rally days. The first positive day is day 1 of the rally attempt. On day 4 or later you are looking for the Follow Through Day to occur.
How Does a Follow Through Day Fail
Not every follow through day works, but no bull market has started without one. All days of the rally do not need to be up, some may be down, however a follow through day officially fails when the low of day 1 of the rally attempt is undercut. When this happens, it is time to start looking for a new day 1 and another follow through day.
It is not uncommon to have multiple attempted rallies and failed follow through days before the market begins a new uptrend. Let’s look at a few market bottoms from the past reviewing the concepts covered.
Nasdaq 1998 Bottom
SPX 1974 Bottom
NASDAQ NEXT TARGET 16000 AROUND DECNASDAQ ON A MOVE .
GET READY FOR BIGGER MOVE IN LARGE CAP STOCKS .
DEC TARGET 16000 APRROX.
different and new stocks starts to move in new bull market
IXIC - Realistic Target The strong trendline in white shows that IXIC is looking for another touch.
I see 10k as a strong psychological support and the spot for price to be tested.
Drawn a little dotted trend line to show downward movement.
To 10K !
MAIN CRYPTO INDICATORhi 🖖🏼
there is no reason to say yea i'm bullish AF ON BTC....but yes BTC can move sideways inside a box (1M 15k-28k)
for now BTC touched wyckoff target (check last BTC update-28100 USDT) and it's possible to see correction till 25100 USDT
but what can ruin normal moves on BTC?....breaking a specific level on ICXC (nasdaq) chart....like 61.8 fibo or MA200, MA100, PRZ.....
we must always take a look on ICXC and then check BTC to take a position
this chart isn't a trade for me i just use it as a good indicator
i'll share some BTC pairs (alts) in coming days
DYOR 🥂
HAPPY NOWROOZ EVERYONE 🤩💚🖖🏼
be omide azadi...🕊
Financial Crisis 2023 Firstly,
September 2007 - Lehman Brothers collapse
March 2023 - Silicon Valley Bank collapse
Asset correlations (bottom pane):
Gold ( red ) - on a slow rise in 2007, same as today
Dollar strength ( blue ) - bearish in 2007, same as today
Nasdaq (orange) - bearish in 2007, same as today
Indicators' inference :
The top pane shows a logarithmic version of an indicator called MACD leader (zero lag). 2006 - 2007 and 2022 - 2023 have so far been the only years which produce inconclusive monthly signals since 1988.
The middle pane's aim is to signal simultaneous movements of securities and spread graph equations. Each line represents the correlation coefficient between the main chart and a financial instrument. Spread graphs attempt to illustrate peaks in inflows/outflows from equities --> safe heavens through correlation.
Similar to spread graph equations, the idea of accounting for the movement of capital to different assets was applied to make the main chart:
TVC:IXIC*10000000*((TVC:US30Y-TVC:US10Y+TVC:US10Y-TVC:US02Y+5)*TVC:GOLD)^-1
Finally,
Current Retest(D):
Same chart - Longer Period (3M):
Feel free to drop a question. Thanks for your time!
My prediction for Nasdaq IXICI believe it will play out like this timing may be off a bit but I believe these targets are the likely scenario as we are in a super wave 4 down that needs to correct the super wave 3 which was created decades long highs
NASDAQ DowntrendTrend: Bearish
Trend line: 2 Lower highs have touched the trend line
Bearish candles: Sellers can be seen as there are more red candles then green
Short on strength or short if it continues to go down from any point (11530)
Stop loss: Last lower high: 11830
EP: 11530
TP1: 11230
TP2: 10930
Nasdaq for history loversIf history repeats itself...
1. Upcoming +50% 3month rally more or less
2. Recession is officially here and -20% from previous lows
3. Rally again hard to >+100%
4. Double bottom
5. New bull market begins
Look First / Then Leap
Nasdaq is on the moveUS composite index shows that short term strong economy and inflation would moist the market.
It means short term buying opportunity is ahead right now.
Tech stocks rally may start soon.
My target is 12900and let's forget about the FED for now.
sometimes brave investment gives us a good profit.
IXIC is going to the target with slow up TREND as you can see from the time we said about US100-US30 ging to the target mentioned in the previous chart this will follow the same pattern head and shoulder full fill all the ( broke the neckline - high volume- )
but without acceleration in uptrend moves (it's a tricky way to make the traders stop entering the market 😉)
it is just the opinion of the writer
IXIC is expected to rebound soon
After three weeks of volatile retracement, IXIC has successively fallen below MA250, MA30, MA20, as well as MA10 and MA5, and is currently near MA60. From a chart perspective, it currently has a top M-shape, which is often accompanied by a downtrend. However, considering that MA60 has certain support, the index is currently close to the half-year line (around 11,000 points). I expect it to rebound with support at this level and test the weekly MA60 level (around 12,088 points) again. After breaking through this level, it could reach around 13,100 points, with support at around 12,100 points on a pullback.
As a seasoned investor with 10 years of experience, I have accumulated a wealth of practical knowledge. Here, I will share these high-quality methods and strategies with you. Trust me and follow my lead, and not only will you gain more insights into investment, but you will also improve your ability to analyze independently!
NASDAQ Bearish Time WindowPrice likes to move in AB=CD price structures where there is a time and price element in the pattern. The AB is equal to CD on a time and price basis the CD leg being a 100 level expansion of the AB leg. This particular price structure here on the NASDAQ has two possible AB=CD patterns in play. The blue ab=cd is what I call a hidden time window because it is much harder to see. The black AB=CD is the traditional time window and it is usually much easier to find. The bearish harmonic pattern that I have highlighted is what gives the AB=CD patterns their price structures. The BC legs are found by using the A and D swings on the harmonic pattern. Once you are able to spot a likely AB leg you can use it to anticipate price and time which is how I have defined the downside target area.
IXIC (NASDAQ)- BULLISH until July 2023. IXIC (NASDAQ)- I predict NASDAQ will continue to be bullish until mid-July 2023. A correction build up with be sustain for around least 3 month before it starts climbing up late September and reach the highest target this year.
IXIC vs USM2 in 2000's bubble and currently...very exciting been following this trend for years...currently i'm very bullish
☘️ NASDAQ - 14500 a Doable Target 🎬🍿History is Bullish on Nasdaq:
The Nasdaq-100 index is home to 100 of the largest technology companies listed on the Nasdaq stock exchange. It had a miserable year in 2022, declining by 33% as investors trimmed their bets on the high-growth tech sector.
But based on the annual returns of the Nasdaq-100 dating back to 1986, consecutive down years are incredibly rare. In fact, the index has only fallen two years in a row on one occasion -- during the dot-com crash between 2000 and 2002.
While the current environment poses its own unique challenges like red-hot inflation and rapidly rising interest rates, there's a likelihood that, based on history alone, the Nasdaq could be set for a bumper 2023.
That's because the index has delivered an average return of 51% in the first positive year following a loss, and given the rarity of consecutive declines, the odds suggest 2023 is likely to be green. But investors will need to see economic headwinds subside, and there are already some early signs that's happening.
US economy is doing just great and fears of economic troubles in China and Europe are shrinking by the day, despite the ongoing war in Ukraine.
Technology keeps becoming more dominant in every day life and AI is offering possibilities to everyone..especially the big Nasdaq Giants.
Optimistic and Bullish here, despite the Rate hikes (another 2-maybe 3 small ones)
One Love,
The FXPROFESSOR
How i called the ATHs:
Nasdaq is painting a once-in-decades scenario.Nasdaq (IXIC) is currently painting a red TD count 12 con monthly timeframe.
It happened only once, back in july 1984 and marked a reversal.
That's almost 40 years ago.
Moreover it's still close to FIB 0.618 of a 2 decade long uptrend dating back to 2002.
We have a falling wedge, a bullish divergence on RSI (Dec '18, March '20).
A bounce from this general area may potentially hint an upcoming generational opportunity.
Closely watch for test of rising support and/or wedge breakout.
As usual DYOR, mind the risk.
Prettified chart:
Consider the Long-Term ChartI'm not going to call if the bottom is in or "not so fast" but just want to point out that we may only be halfway through a significant long-term downturn. It's concerning to me that RSI has broken significantly below 50 for the first time since the market recovered from the lows in early 2009. It's also concerning that price looks like it wants to retest the 50-mo. EMA after seemingly finding support a couple months ago. There's still considerable downside risk to the 200-mo. EMA where it has found long-term support in the past and it also happens to currently line up with a double bottom with the covid panic low from early 2020. Will it go down to the 200-mo EMA now? I'm not sure, I'm just saying that it could and you need to be prepared for that. I do know that if it continues to drop it would be a blood bath down at those levels and also a great long-term buying opportunity in my opinion (it could find support above, at or below the 200-mo EMA and an interesting level would be the top from the tech bubble around 2000 which lines up with a period of sideways consolidation from 2015-2016.
NAS - ShortNo change, deflation and declining commodities coupled with Rate Increases and Hawkish Policy makes for rocky roads ahead. Growth slowing, profits slowing, layoffs ongoing, trend continuing, we are near the higher bound of. daily range based on price and volatility and the chart aligns. Nuff Said.
False breakout or just consolidation at resistance?IXIC facing resistance. It tried to break through but got a pushback. Will this be a false breakout or just consolidation before going higher? Looks like we will get answer after the Fed meeting.
