These are the zone that can act as a strong price hold so if you're a scalper you can have many oppourtunities within these zone. They are the real support and resistance of the market gaps.
As we turn bullish again. I might wait for little retracement to get into any buys tonight or coming days.
These are the opening gaps that can work real support resistance for the price.
Good luck tradin' nasdaq.
Nasdaq-100 index reversed from support level 16170.00
Likely to rise to resistance level 16930.00
Nasdaq-100 index recently reversed up from the pivotal support level 16170.00 (former double top from the end of November) intersecting with the 38.2% Fibonacci correction of the upward impulse from November.
The upward reversal from the support level 16170.00...
- Nasdaq followed the plan lately but it did after breaching its previous high
- The trend looks faded and I personally am aiming for a strong retracement
- Without a strong retracement I don't think except for scalps there is a point longing anything without a strong reasoning.
- If you are holding shorts then make sure you are prepared for a retracement...
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...
Some key levels have been broken and also the market did reverse after taking the all-time highs. The momentum to the upside was fading and it is evident from the smaller ascending channel formed when the all-time high was taken out. Right after that, the market broke the ascending channel with momentum and this also adds up the possibility for a sell-off in the...
Conclusion: Nas100 Pushing Down - A Complex Landscape
Predicting the future direction of the Nas100 is never simple, and any conclusion about its current downward trend must consider the confluence of several factors.
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...
NASDAQ Weekly chart Suggest 45% Upside in next 1-2 Years.
CUP Pattern breakout shows possibility of 45% upside in next 1-2 Year
Positive for INDIA IT INDEX.
Happy Investing.
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...
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...
Go through the analysis carefully, and do trade accordingly.
Our trading Preference
Trading tips:
wait for perfect entry as suggested in the chart
Best of luck
Never risk 2% of principal to follow any position.
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One lower low is visible so major trend still down. Well slide also possible . Lets see if pattern changes. all minor upward trends are still not strong enough.
Trades with Stop loss in place.
Nasdaq 100 is forming falling wedge pattern. If other market factors supports and it today close in green then bullish rally may start in couple of weeks.....
