In this weekly chart, we see QQQ, which represents the Nasdaq.
As we can see, it had a hell of a run up.
Too far too fast IMO, and it reached the stretch level at the Upper Medianline Parallel.
The natural move is now to let go, take a breath and trade down to center again, which is the Centerline.
After all the most major and most important earnings results are over, and Funds have pumped up their gains through manipulative Options plays, it's time to reap what they have planted and book the gains.
It's all in line with, all moves are at the point, and everything is showing in a simple chart.
Unless price is opening and closing outside of the U-MLH, it's time to load the Boat and sail to the South.
As we can see, it had a hell of a run up.
Too far too fast IMO, and it reached the stretch level at the Upper Medianline Parallel.
The natural move is now to let go, take a breath and trade down to center again, which is the Centerline.
After all the most major and most important earnings results are over, and Funds have pumped up their gains through manipulative Options plays, it's time to reap what they have planted and book the gains.
It's all in line with, all moves are at the point, and everything is showing in a simple chart.
Unless price is opening and closing outside of the U-MLH, it's time to load the Boat and sail to the South.
Watch the latest Video on YouTube, where I explain the Nasdaq Long Trade.
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
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.
Watch the latest Video on YouTube, where I explain the Nasdaq Long Trade.
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
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.