Short on NASDAQ. I believe NASDAQ will reach 8500, for a retest, then the bulls will take over from there, and hopefully positive news concerning the virus. NFP will be interesting tomorrow!
Trendline broken. Target is 104 523.83. Lets see how this plays out. If USDJPY drops, NASDAQ will drop. These two move similar. Compare these two charts and you will notice. Goodluck!
Scalping moving. Can break trend and move downwards to area of strong support, or rally upwards. Technical analysis on NASDAQ difficult with the CORONA Virus
To touch trend line and make a new LL. Until price reaches 0.618 FIB Level, then only I foresee a Rally upwards. What are your thoughts?
With the virus still spreading across Europe, and no signs of a vaccine just yet, the downtrend will continue. I see only Lower Highs and Lower Lows forming on the 2 Hour Chart. Worrying times for Donald Trump! Are you going to wait for the BIG BUY? Or are you following the bears downstream?
This is a small possibility of this happening. As chart indicates, it did break trend before, and formed the W that pushed for the new highs. Well, maybe breaking the trend, and forming a W again, will let NASDAQ push for the 10 000.00 target we all have been waiting for. If one gets a very low entry, keep it till it reaches 10 000.00. NAME OF THE GAME IS...
Last post I posted a short, but I didnt use my FIB. Im going short as soon as price reaches FIB 61.8 level on my 15min chart. Lets see how this plays out. GOODLUCK!
NASDAQ went short, with London open. Wait for retracement upwards, and then enter a short! It is in a down trend.