Nasdaq, historically speaking, is at an epic buying point.
Bullish Case: Should we see a pivot from the FED back to QE or some form of UBI checks sooner than markets are expecting, we could see reckless spending flock back into growth stocks.
OR
- If data shows a local top in inflation, the buy-the-dip crew is coming in HOT.
Bearish Case: Powell thinks...
PAXG/BTC in the upper end of the channel on the tail end of a sharp vertical move into major resistance .
Short term price reversal likely. Short opportunity.
Bullish scenario: Price consolidates underneath strong overhead resistance in a tight chop until price bars reach the bottom end of the channel, forming a tight triangle. **Either way this breaks...
Current price action looks to be mimicking that of May - July '21 consolidation before the next leg up.
It is still too early to place any orders, but this is one to watch like a hawk.
Great risk/reward on this trade with a potential huge move up, and a pretty tight stop loss to play with.
#NFA #DYOR
Any resumption off a touch of the prime trendline in early...
Gotta love this. If we lose support, Crypto Twitter screams Armageddon. If we break this impressively strong resistance trendline, there is not much stopping us from an extremely fast run up to the $75-80k range.
The next 48 hours will tell us a lot.
I'm seeing a retracement at .618 on S&P correlating with the exiting of a rising wedge taking the stock down in a sharp projected 266 point drop.
I'm new to technical analysis and trading, so I'm hoping to get some feedback on my work. This isn't advice to trade on. It's live practice for me.
Please share any feedback you have - good, bad, or ugly.
The time to...
