This Bullish channel could be the best framework for the coming months.
I think we should consider any decrease in Nasdaq as a correction unless, Nasdaq composite getting outside this bullish channel and trending below it.
Another bullish scenario: 16200 by the end of September
I should confess I put two much emphasis on trading volume and see the generalized decrease in trading volume as a negative factor for market to trending upper. However, the relationship between prices and volume is not a linear correlation. And it’s effect in making bullish trends could be more than making bearish cases.
Reading my analysis published on June 13th is recommended.
I calculate 2 different scenario in that analysis and shied them as 1 and 2.
Interestingly, between the 2 major scenario, I choose the wrong one.
To accept your mistake means to become smarter than you were - Pierre Boiste
I think we should consider any decrease in Nasdaq as a correction unless, Nasdaq composite getting outside this bullish channel and trending below it.
Another bullish scenario: 16200 by the end of September
I should confess I put two much emphasis on trading volume and see the generalized decrease in trading volume as a negative factor for market to trending upper. However, the relationship between prices and volume is not a linear correlation. And it’s effect in making bullish trends could be more than making bearish cases.
Reading my analysis published on June 13th is recommended.
I calculate 2 different scenario in that analysis and shied them as 1 and 2.
Interestingly, between the 2 major scenario, I choose the wrong one.
To accept your mistake means to become smarter than you were - Pierre Boiste
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.