Nasdaq has done really well in last 15 months - rallied 70% since Jan '23 and 30% since Oct '23.
EW counts suggest that we are close to the end of a weekly impulse.
There are 2 alternatives counts - however, my bias is with the blue one, which suggests that there is a correction around the corner.
Reason is that there is a topping structure on daily...
Nasdaq's bullish trend is forming a Very bearish trend Head and Shoulder Pattern.
if it closes below 17860 then uptrend will turn into downtrend Ist level will be 17280, 16700
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
I'm considering another short on the index. Here's the breakdown:
Geopolitical Risk: The threat of World War 3 casts a shadow of uncertainty over markets. In times of crisis, investors tend to sell stocks and seek the safety of assets like gold. Tech stocks usually bear the brunt of the selloff.
Overheated Tech: The tech sector has been thriving, but...
IT sector is clearly bearish and so many lay off.... where is growth when number of employees reduced in 100's and 1000's every were ..... linkedin is full of OpenToWork status !!!
ABCD pattern,
1. Correction levels are drawn with green horizontal lines.
2. The next 1-2 months are going to be crucial.
3. Indecision between the 17800 and 18400 levels
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
I am looking forward to see Nasdaq fall from here, as I see this as good sniper sell entry. Though we have USD news report at 4.00pm SAST our SL can simply be reached. Please use proper risk management. Lets Download Success
This structure is down trend and price has been done idm then now going to take liquidity at orderblock. in down trend we find oppurtunity for sell at premium . and hear we can caugh trade for sell side with 1:5 Risk:Reward ration .......
Disclaimer.....
This analisys is only for education purpose only ..... if you trade then win or lose money is your responcliblity.......
NASDAQ100 may fall hard, I am expecting it go up a little so I can be comfortable to place my positions. Use proper risk managements. Lets Download Success.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
