15/10 Analysis : NAS100USD
Monthly
1. Strong uptrend (above 20MA)
2. Candle 3/8 close above 1/7 high. Candle 1/9 test the previous resistance (11071.2). Candle 1/10 bounce off RBS
3. Currently creating higher low
4. No buy confirmation candle
Weekly
1. Strong uptrend (above 20MA)
2. Candle 21/9 bounce off 20MA
3. Combine candle 24 and 31/8, you get a doji (gravestone)
4. Cup/saucer pattern from 31/8 - 12/10
5. Rejection of higher price (long upper shadow) emerges from 12050
6. Volume decrease as price advance
Daily
1. Strong uptrend (above 20MA)
2. Currently price retrace/pullback to inverse head and shoulder neckline (previous resistance).
3. Cup and handle breakout at 12211
Hourly
1. Weak uptrend (above 200MA)
The Game Plan
I plan to buy AAPL and NVDA only when the stock and the index both reach the pre-determine conditions. I see 2 buying opportunities
Inverse head and shoulder
1. Price test and bounce off previous resistance @ around 11550 AND
2. Entry only after the completion of reversal confirmation candle
Cup and handle
1. Price break out from cup and handle resistance @ around 12211
Monthly
1. Strong uptrend (above 20MA)
2. Candle 3/8 close above 1/7 high. Candle 1/9 test the previous resistance (11071.2). Candle 1/10 bounce off RBS
3. Currently creating higher low
4. No buy confirmation candle
Weekly
1. Strong uptrend (above 20MA)
2. Candle 21/9 bounce off 20MA
3. Combine candle 24 and 31/8, you get a doji (gravestone)
4. Cup/saucer pattern from 31/8 - 12/10
5. Rejection of higher price (long upper shadow) emerges from 12050
6. Volume decrease as price advance
Daily
1. Strong uptrend (above 20MA)
2. Currently price retrace/pullback to inverse head and shoulder neckline (previous resistance).
3. Cup and handle breakout at 12211
Hourly
1. Weak uptrend (above 200MA)
The Game Plan
I plan to buy AAPL and NVDA only when the stock and the index both reach the pre-determine conditions. I see 2 buying opportunities
Inverse head and shoulder
1. Price test and bounce off previous resistance @ around 11550 AND
2. Entry only after the completion of reversal confirmation candle
Cup and handle
1. Price break out from cup and handle resistance @ around 12211
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