How to identify the specific points for trendline to determine the direction of the market? In this example, I am using the Nasdaq index.
You can use this trendline technique to any markets because its principles in this tutorial are applicable throughout whether to an individual stock, indices or even commodities.
I am going to introduce the primary and...
Trading opinions can be made in a very concrete or a structured manner just like how investors study into the financial numbers of the stock they are about to invest into.
Short-term traders also have its numbers they study into, it is the price behaviours or the price data of the instrument they are trading. When these data are converted into a pictorial...
With crypto markets being hyped up claiming the bottom is in, the US tech market tells another story. First we have been under the 100ma on MNQ on the daily for 200 days which is a very significant period of time compared to NASDAQ's complete history from day 1.
Step back and think about this also, Joe Biden is the president and the democrats have proved to...
It appears that we are hitting the top of the channel, hence I am taking a defensive position in my crypto trades and looking to see if this gets rejected this week. I will be looking for sell opportunities in MNQ micro contracts this week.
Seems like everyone wants to call a bottom in crypto, but that's another story. If this market rolls over I can't imagine...
Just study the chart and you see the process.
The scene of the crime as my mentor always said ;-) is where price broke down hard the first time. Often than not, price has the tendency to come back to these levels. As it did today.
Price ran into the "Scene Of The Crime" or the "KillZone" and got hit on the head several times. Here you had 3 chances to short the...
Nasdaq and its volume profile resistance zones
The white ellipses illustrate the huge price reactions in the zone 1 where Nasdaq is at that moment
On the 4h chart we might see a breakout of the bear flag to the upside (charts will follow soon)
Will that be strong enough to break even zone 1 dear Crypto Nation?
Remember: Nasdaq equal Bitcoin ATM
*not financial...
BTC is in bad shape bro, bad shape. Tech is looking like as squeeze is on. I'm curious if TSLA says they sold all their coin, and this initiates support behind TSLA climb, further fueling market surge. This would also make BTC weaker still. I mean, I figure BTC is dead man walking at this point based on it's chart technicals, but you never know.
But still stuck in a macro downtrend. Let's see how it fares in the coming months. Not calling a trend change here, could just be the herd wishing for a return of the bull.
The market makers were in clear control of the news stop hunting both buyers and sellers within the same hour. After a long legged doji with ultra high volume printed, a huge Bearish Kangaroo Tail prints with high volume. The next few candles were confirming further weakness at the top with narrow spread candles and a baby Bearish Kangaroo Tail with volumes...
Use ultra caution on entry, i will not use full stop if taken and or move stop fast, I will update Slack app for exact entry and tp's upon entry, watch 618 786 box for our price action to go long here. I am bearish expect lower on NQ dues to patterns we use, higher tf.
Hey traders, I watched the NASDAQ 100 index futures very closely for the past couple of days and had a bias to take a long position.
I saw the upper trendline starting to develop as a nice technical breakout pattern, I took a long to anticipate the move for the break of $12,000.
Here are my results.
