POTENTIAL BOTTOMED OUT ANALYSIS trial 1 : NASDAQ FORECAST Q3 23
Im expecting price to do a double bottom of the zone or some distribution ranging of sorts
then take of orange levels are potential resistances but could become reversals depending on what the fed does this jackson hole you feel me raises then yeah maybe a reversal but pause or decline well it'll continue to head up (i think he'll pause this time round)
if price dont bottom here ill look at the levels ahead
inflation so far
Year Jan Feb Mar Apr May Jun Jul Aug
2023 6.4 6.0 5.0 4.9 4.0 3.0 3.2 ---
yet again when inflatIon reaches the low 2.0
THE BIG QUESTION IS when will they cut interest rates
hi rates arent that bad considering
declines in interest rates can potentially change the payment plan of an old loan. When interest rates decrease, borrowers may have the opportunity to refinance their loans at a lower rate.
and also considering corporate loans are very much long term plus refinancing loans
in simple terms
inflation affects consumers ability to consume
rates affects suppliers ability to produce
with a lowering inflation sales will be up and running again and the strategy will be to keep debts until rates cut then refinance i think
then take of orange levels are potential resistances but could become reversals depending on what the fed does this jackson hole you feel me raises then yeah maybe a reversal but pause or decline well it'll continue to head up (i think he'll pause this time round)
if price dont bottom here ill look at the levels ahead
inflation so far
Year Jan Feb Mar Apr May Jun Jul Aug
2023 6.4 6.0 5.0 4.9 4.0 3.0 3.2 ---
yet again when inflatIon reaches the low 2.0
THE BIG QUESTION IS when will they cut interest rates
hi rates arent that bad considering
declines in interest rates can potentially change the payment plan of an old loan. When interest rates decrease, borrowers may have the opportunity to refinance their loans at a lower rate.
and also considering corporate loans are very much long term plus refinancing loans
in simple terms
inflation affects consumers ability to consume
rates affects suppliers ability to produce
with a lowering inflation sales will be up and running again and the strategy will be to keep debts until rates cut then refinance i think
Note
I SEE A BEARISH CONTINUATION SO THIS CALL BASICALLY LASTED 2 DAYS BACK TO MY PRIOR POSTNote
PRICE MADE THE BEARISH CONTINUATION BUT INFLATION REPORT THIS WEEK WILL SHOW IF IT WILL GO HIGHER OR SINK FURTHER
Note
holding longs and have more longs at 15252 and am still bullish until I see a break of the low made at 15252 I know I know the numbers are fake and the what not what not but I can't ignore structure and what structure is telling me is that the fed is going to pause or drop rates and if that happens looking for more sells at the red zones and levels
Note
those wondering wassup if price breaks lower than these 2 blue levels of which it rejected the first earlier but if it breaks these 2 market will be looking pretty bearish this is a different chart but u can use structure to make sense
Note
Im saying double bottom market going higherNote
IM STUBBORNLY BULLISH JUST NEED A BREAK AND RETEST FOR THE UPSIDE Note
and if it doesnt give me a retest and drips down further 14230 is my next bullNote
PRICE IS GOING FOR 14230Note
after realising there were some levels i missed im long nowTrade closed manually
LONG CLOSED NEW IDEA BELOW
Note
Note
price is going long maintaining our level less go
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.