Nasdaq100
NQ1!
We are concluding the price cycle upwards today after the US Non-farm numbers have been released.
Expected at this point is for a down cycle to begin towards the 8100-8000 price area.
If the price cycles work as in years past and this area (RED ZONE) holds, we can see a decline downward with potential consolidation (GREY ZONE), and further declines to the GREEN LINE.
If new HI's are made, then larger price cycles are still in play. Use with caution among other parameters you trade within. This weeks UP and DOWN movement have many purely guessing direction...aren't we all?!. However, these movement predictions/bias' are based on cycles and more often than not, do work....but never guaranteed and so I'm always willing to change the bias when its no longer conforming to initial setups.
And finally with impeachment proceedings underway, end of year window dressing, and fed meeting, can make for a volatile few weeks so these movement are very possible.
NQ1!
We are concluding the price cycle upwards today after the US Non-farm numbers have been released.
Expected at this point is for a down cycle to begin towards the 8100-8000 price area.
If the price cycles work as in years past and this area (RED ZONE) holds, we can see a decline downward with potential consolidation (GREY ZONE), and further declines to the GREEN LINE.
If new HI's are made, then larger price cycles are still in play. Use with caution among other parameters you trade within. This weeks UP and DOWN movement have many purely guessing direction...aren't we all?!. However, these movement predictions/bias' are based on cycles and more often than not, do work....but never guaranteed and so I'm always willing to change the bias when its no longer conforming to initial setups.
And finally with impeachment proceedings underway, end of year window dressing, and fed meeting, can make for a volatile few weeks so these movement are very possible.
تم فتح الصفقة:
Appears that we are now out of the overnight/early day consolidation period and have moved lower.
I will be looking for trades on weakness in this down move towards the projected LO.
I'm also watchful for those weak retraces to break recent pivot HI's as additional bonus areas for entry.
I will be looking for trades on weakness in this down move towards the projected LO.
I'm also watchful for those weak retraces to break recent pivot HI's as additional bonus areas for entry.
تم حذف الأمر:
This was only as good as falling to very top of that consolidation area. Trade idea is no negated with the pop-rally in the China Trade optimism.