Nasdaq100 What Now Episode 84
Trade review For 17th July, 2022
how was your weekend? I was staring at my chart and I can’t help but observe the form of that ascending triangle which consists of HLs and equal LHs (double tops) at: 11400 & 12200.
if the bulls fail at creating a HH which is past 12200 then the bears will have no choice but to come back in. this week in nasdaq100 depends massively on that LH-double top at 12200.
there’s still a range at the 4hr time-frame,the bigger picture of this range starts from 11th of May, 2022 (three points: 12800 [top], 12200 [mid], and 11400 [bottom]) till now the nasdaq100 has been going sideways and is still below 12200.
which can only mean the bulls aren’t as strong yet till there’s a break past that 12200. so it’s still a downtrend. failure to create a HH, the bears will be back. Have a great trading week..🤞🏾
A Daily Reminder:
avoid imbalances—HH and LLs or LH and HLs.
P.S: Strategy— structures, divergence & trends
Triggers— LHs & HLs
My disclaimer:
Past profits do not predict future earnings. Risk only 1% on your account. Low risk only!
how was your weekend? I was staring at my chart and I can’t help but observe the form of that ascending triangle which consists of HLs and equal LHs (double tops) at: 11400 & 12200.
if the bulls fail at creating a HH which is past 12200 then the bears will have no choice but to come back in. this week in nasdaq100 depends massively on that LH-double top at 12200.
there’s still a range at the 4hr time-frame,the bigger picture of this range starts from 11th of May, 2022 (three points: 12800 [top], 12200 [mid], and 11400 [bottom]) till now the nasdaq100 has been going sideways and is still below 12200.
which can only mean the bulls aren’t as strong yet till there’s a break past that 12200. so it’s still a downtrend. failure to create a HH, the bears will be back. Have a great trading week..🤞🏾
A Daily Reminder:
avoid imbalances—HH and LLs or LH and HLs.
P.S: Strategy— structures, divergence & trends
Triggers— LHs & HLs
My disclaimer:
Past profits do not predict future earnings. Risk only 1% on your account. Low risk only!
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.