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Nasdaq cycles.
- Thread starter Walther
- Start date
Quote from Walther:
It is like a high noon showdown for next two days, If you still long look on 15 min chart for start of topping formation. Trendline was touched but not broken so we should be ok pending tomorrow and Thursday 12:10-12:40 est window.
Seeing a topping formation already: compx
may fall in with your cycle work ... see chart
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Next intraday cycle for Naz100 will be completed tomorrow around 13;15 est. I have received couple of emails like " what the... we should do with it to trade it ?
Well, at the time posted you look for the closest significant point( high or low ) and draw horizontal trendline and when prize comesto it, you trade it.
Look at past posted times and draw trendlines so you can see how accurate cycle analysis can be.
Well, at the time posted you look for the closest significant point( high or low ) and draw horizontal trendline and when prize comesto it, you trade it.
Look at past posted times and draw trendlines so you can see how accurate cycle analysis can be.
If you drew trendline based on yesterday post you would get very nice bounce of it . Try to do the same tomorrow around 14:15est. Find close top or bottom which is within 15 min away , draw trendline and you will see trading opportunity when price come close to trendline you drew.
I recommend Prophet.net charts basic service is free and has all you need .
I recommend Prophet.net charts basic service is free and has all you need .
Monday around10:30 est will mark another cycle completion in NAZ 100. I think that selloff will start around 1640 on Tuesday 11-8 past 13:00est. If there is no top formed by 15:00 est, I would exit on close. I just smell gap down from that area. Do not forget to draw trendlines from posted points. You will need them later.
Quote from Walther:
Monday around10:30 est will mark another cycle completion in NAZ 100.
Those of you who drew trendline from 10:30est level got almost exact morning low ( day is not over yet ). Tomorrow , Wed, there will be a junction of several short term cycles around 13:20est . It looks like that really important price level will be established there .
Quote from Walther:
, Wed, there will be a junction of several short term cycles around 13:20est . It looks like that really important price level will be established there .
It happened right on time . This might be future support where short positions will be established. Today you should pay attention around 11:00 and14:45est I am still waiting for a gap down open this week.