NASDAQ INDEX SHORT TERM ANALYSIS (A CALL OPPORTUNITY!!)
Updated
The total evaluation for the NASDAQ chart is concurrently bearish over the past few months, but remained bullish in an overall decades of terms. Please be mindful of your risk management and trade accordingly with fundamentals and proper market structure (this includes familiarity towards candlesticks, indicators, etc.)
There is a very good chance we will pump right above the point of control where the volume is at its strongest, this is called a "REACTION RALLY" to the dump we just suffered the past weeks. This is especially stronger since we are sitting on a support that we just bounced around June and May 2022, this is the 3rd back-test and re-test which can serve as a strong notion for a long/call position. Simultaneously, this pump can also push crypto to 19,800$-20,200$ and ETH to 1,720$-1,750$ only for EVERYTHING TO GO DOWN conveniently on a bad CPI report on September 13.
Quite coincidental am I right? Its approaching resistance and there's a cpi report, maybe too obvious of a pattern for market makers but fear not, I recognized this and wanted to share it to you all!
If you are wondering what are the jitteries on the circles and everything, the full chart can be found in my profile. Its in the same NASDAQ name but in a longer term of analysis, the same information and movement can be similar
to the SP500 therefore it is not necessary for me to make another chart regarding it.
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Like the chart? Comment on it, boost it, bookmark it, save it. Its yours -- for free!
There is a very good chance we will pump right above the point of control where the volume is at its strongest, this is called a "REACTION RALLY" to the dump we just suffered the past weeks. This is especially stronger since we are sitting on a support that we just bounced around June and May 2022, this is the 3rd back-test and re-test which can serve as a strong notion for a long/call position. Simultaneously, this pump can also push crypto to 19,800$-20,200$ and ETH to 1,720$-1,750$ only for EVERYTHING TO GO DOWN conveniently on a bad CPI report on September 13.
Quite coincidental am I right? Its approaching resistance and there's a cpi report, maybe too obvious of a pattern for market makers but fear not, I recognized this and wanted to share it to you all!
If you are wondering what are the jitteries on the circles and everything, the full chart can be found in my profile. Its in the same NASDAQ name but in a longer term of analysis, the same information and movement can be similar
to the SP500 therefore it is not necessary for me to make another chart regarding it.
----------
Like the chart? Comment on it, boost it, bookmark it, save it. Its yours -- for free!
Order cancelled
Sitting on the sidelines at the moment waiting for a break or fail for confirmation purposes. If it breaks down proving resistance, puts will be available. If it breaks up, calls will be available as well.Note
Pattern invalidated.Trade active
Pattern validated. No calls will be put since we are approaching daily EMAs.
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