Nasdaq
Nasdaq 100- Rising Wedge BREAKDOWN!Attached: Nasdaq 100 CFD Daily Live Chart as of 25th April 2023
Was waiting for a quite a while for this to play out and it finally has today in the Nasdaq
Price formed a Distribution Pattern and today we are finally getting the Breakdown
MACD also in Sell Mode
13k Level is Lost and below 12800 it is a Confirmed Breakdown. This has BEARISH Implications, a Top in Place to say!
Google Cup & Handle Pattern Google has formed Cup Handle Pattern on daily timeframe chart. This is bullish pattern, we can take swing trade here.
Entry:
We can go Long after close of bullish candle above the resistance zone as marked on chart.
Target:
Usually for Cup & Handle Pattern target is equal to the depth of cup, we are going to keep the target near the next resistance zone.
Stoploss:
We can keep the stoploss below the resistance zone.
April is going to be fun for bears.I was under a lot of pressure that my reputation which is brand new was on the line, all my channels I had posted GO SHORT GO SHORt GO SHORT and Indices moved higher so quick as never before. Incidences happen in Trading World by nano seconds and since the beginning I had confirmed absolutely in my analysis that whatever I have suspected is not for the near term but for the month of April. Charts never lie, Price Action never lies and so does not the Bear Psyche. GO SHOOOOOOOOORT.
Nasdaq 100- Double TOP!Attached: Nasdaq 100 Daily Live Price Chart as of 28th March 2023
Pretty Straightforward Chart:
- Price rejects for the 2nd time at 0.382 Fib, this is a Double TOP Sell Signal
- Elliot Wave Count shows Corrective Bounce complete in form of WXYXZ with C wave of Z being an Ending Expanding Diagonal
- Price puts in a Higher High but RSI puts in a Lower High, aka Divergence
Holding below the round figure level of 13000,
the Nasdaq (NDQ) is a SHORT
for a Downside Target= 11700 & below...
WIPRO analysisWIPRO , the IT giant has consolidated heavily for a long time and has formed a good bottom kind of structure , with weekly candlle showing good buying pressure from lower areas and also sustaining above support of 390 levels , this is looking good for an upmove towards 420-425 levels , with SL of just 2.5% and targets of almost 9% risk to reward ratio is highly in our favour and looks good for a swing trade , Do follow for more trade setups and swing trades
#QUAD 100% upward Movement Potential is there.Analysis on Daily chart Timeframe.
#nasdaq #INDEXNASDAQ: .IXIC
#QUAD Breakout Happened on the support Line.
BUY CALL at 4.8 with SL 4 and FIrst Target T1=6.7 and second Target T2 is 9.4.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Tesla Cup & Handle PatternBeautiful Cup & Handle Pattern is formed on chart.
Entry
We can go long when price breakouts with strong bullish candle above the neckline of the pattern.
Stoploss
We can keep stoploss below the neckline.
Target
Target will be same as depth of the cup as marked on chart
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NASDAQ Trend AnalysisNASDAQ has given a breakout of trend line and is working in a channel. The same pattern is repeated twice in the channel where the support is taken from the current support line.
I am very positive about the NASDAQ, in worst case scenario it will retest the trend line levels and then rally.
This post can be understood by once having basic knowledge of how to read the support and resistance.