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NASDAQ 100 CFD

NASDAQ100 long to downtrend resistanceGood evening, I think that nasdaq is ready to pullback from friday's selloff. In fact, it is near a strong support zone with the horizontal line and the trendline below. Price has also closed an inverted hammer on the daily chart. Target is the downtrend resistance, then I think that two scenarios can occur. Or the stimulus bill is approved before the elections, and this will mean a W formation leading to new ath, or price will follow the downtrend below the resistance line. I am new here, feedbacks and comments are appreciated!
ULong
by rmanghi95
NAS100- Weekly review Weekly Pip Review Monday: +134, +182 Tuesday: +133, -42 Wednesday: +97 Thursday: +125 Friday: -41, +78, +70 Blues: +819........Reds: -83 Total: +736 Profit Another Brilliant week. Every trade that was taken Analysis was given on this group. Only difference is, some have good entry/exit strategy and others just gamble. If you see the trades they weren't hard, every day 1 or 2 trades Max. Couple of losing trades because my stop loss is so small it makes no difference in comparison to my wins. Even if you took 2 trades a week- if 1 was win of 150 pip and the other was loss of 40 pip, You total win is 110 pip. Thats how simple it should be. Learn to trade and not gamble your money away. Your capital is your money so protect it with you life
OANDA:NAS100USD
by Tradeofgrey
NAS100 Analysis NAS100 Analysis. The market is still consolidating. When a market is consolidating you can still trade inside the box. There is still good pips to be made. This consolidation range is around 150 pips. However the best way to trade these are to wait for the break!! And it required patience. So what can happen when it break. If it breaks down it can hit 12000 as a fake break out and go back up and break upwards. or it can carry on bearish by breaking 12000. As for the bulls break of 12260 to carry on. Bulls Target: 12400- 12800 Bear Targets 11838- 11618
OANDA:NAS100USD
by Tradeofgrey
NASDAQ'S CHANNEL HELD STRUCTURE FOR LAST BULLISH PUSHThe recent bullish structure has held firm for the last bullish push before the potential sell off at Septembers highest high. Market sentiments remain unsure on how to react towards the Apple IPhone 12 news amid the upcoming elections, recent talks around the stimulus package, and President Trumps conditions. The market has seen a rapid climb since the opening this week, so todays uncertain direction was much needed to allow a stronger support for the final push towards NASDAQ's highest price ever recorded. The Nasdaq Volatility Index VOLQ has moved in conjunction with the NASDAQ for the past 24 hours, which signals a potential drop in price, based on the findings of the relation between volatility indexes and the respective index. The VOLQ has a negative correlation of roughly 80% with the NASDAQ, so the exercised positive correlation of 20% causes this view, in addition to the findings. Either way, I foresee a break and retest of the counter trendline and the final move to the H1 FIB target of 12414.2.
OANDA:NAS100USDLong
by Nkululeko_Mpambo