We finally saw the 38.2% Fibonacci retracement level tested. Watch this video to see what I am looking at in terms of a possible bear trap and reversal or continuation of the downtrend. Happy trading! Linton
On the 7th of March I posted some video analysis of what I am looking for on Gold. The war situation and Dollar strength that we are seeing plays a big role on Gold but I believe that we are going to see a larger correction before there is the rally to break the previous high. Happy trading!
This is an update to my previous Nasdaq analysis videos. The 61.8% Fib retracement level acted as I expected but this does not necessarily mean that the underlying uptrend is resuming. Watch this video to see my forecast possibilities Happy trading Linton
This is an update to my previous in depth video analysis of the Nasdaq. It looks like there is a possible higher low forming which could indicate the the underlying uptrend is resuming. I do however believe that there is still a strong possibility for a larger leg to the downside. Watch the video to see what I am looking at.
On this video I go a bit more in depth in the understanding of trend recognition and where we are with the price action on the Nasdaq. Happy trading! Linton
The Nas is entering very oversold territory and I am starting to get interested in possible long setups. I do need to see the 38.2% retracement level hit first and will then wait for a reversal signal before entering.
Gold has seen a strong surge due to being a safe haven commodity. The war between Russia and the Ukraine is playing a big part here as well as the inflation situation in the US. We could see a break of the highs on this move but a larger correction is also on the cards should there be some relief. Time will tell which option plays out. Happy trading Linton
I'm expecting that what we are currently seeing on the Nasdaq is a relief rally and that we will see another leg to the downside to around 13000. I will start averaging into buy positions from the 38.2% Fibonacci retracement level. Happy trading! Linton
Two possible trade setups, both with nice targets to the upside.
Last week closed above important support for the Nasdaq and this week has opened strong as well. Does this mean that the correction is over?
Price has broken an important resistance area. I am now waiting for a corrective structure on a lower timeframe as confirmation of further upside before I enter.
The bottom trendline of the major weekly channel held with the most recent push to the downside. This indicates the presence of institutional demand and the chances of new all time highs is good. There is also the formation of a bullish corrective structure as indicated by the green flag. This does not mean that there is no longer downside risk and I will be...
The top of the daily channel has broken and we need to see how the week closes but it look positive for the Nasdaq bulls going into next week.
When looking at the daily time frame, the Nasdaq is trading at the top of a large resistance channel which has the potential to mark the end of wave 5. It is possible to see wave 5 continue higher and this would be confirmed if the resistance at point (B) on the chart is broken. I am expecting to see a larger corrective ABC pattern which has a target at the...
When you look at the daily time frame on Gold , marked in orange, you can see the impulse on the left, the corrective structure and a break of that corrective structure to the upside. The price pulled back after the break and is currently forming the same setup on the H4 time frame, marked in pink. This will confirm the bigger move and price is currently trading...
The Nas100 is trading at the top of a corrective structure on the H1 time frame and is currently in wave 4. This means that there are two options on the table. In my opinion we are more likely to see option one play out but that is definitely not guaranteed. Option one is that the price breaks the top of the structure and moves to the target area of 15280....
Looking at the wave structure and Fibonacci retracement levels on a large time frame, we can see that Gold is trading at the 38.20% retracement. I don't believe that wave 3 has completed to the downside and expect that although price may hover around here for a while, ultimately we will see 1560 before a significant rebound. I will be looking to enter at that...
The Nasdaq is trading near all time highs but I expect the highs to break and for the trend to continue. In fact, I believe that 17000 is on the cards at some point during 2021. Currently the price is trading at the resistance level of the structure indicated in green. There have been 4 waves within the structure which means that we could see the break now or a...