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!
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