Daily analysis and trade setups on NASDAQ 20220802

٢ أغسطس ٢٠٢٢

*** Tradingview has hidden my analysis for August 1, 2022 because it contained a link to my twitter profile. ***

This is likely to be relatively quiet day unless some news appears. Europe is on vacation & US is slow. Resulting in low volumes and jumpy ticks.

Even with yesterday's candle, the bulls are firmly in-charge. As far as 12265 is maintained, it can go on to test 13230. Breaking that will open up 13900 and then 14581. But this is more in hourly/daily TF.

For today, 12830 is anchor line. Buy above, sell below.

Macro: US Fed Evans Speech

Buy
Break: 12860, 12890, 12900, 12960, 13040
Reversal: 12800, 12760, 12680, 12570

Sell
Break: 12810, 12775, 12700
Reversal: 12980, 13100, 13260, 13400

Green Goblin Fib levels are here >>


Confluence Fib levels are here >>