I took this long position.
- #1,163
- Edited 1:32pm Dec 19, 2024 12:59pm | Edited 1:32pm
- Joined Jan 2016 | Status: Trader | 3,934 Posts
- #1,164
- Dec 19, 2024 3:34pm Dec 19, 2024 3:34pm
- Joined Jan 2016 | Status: Trader | 3,934 Posts
End of day analysis!
Almost the same chart from yesterday! Nothing really to update...
Market was undecided which direction to go. Every attempt to rebound was sold out. We got a red daily candle that is inside yesterday candle. It feels like price is going to 61.8 fib before returning up to 22000. Tomorrow is the end of week. We need a bearish close at weekly TF but not a bold one; so a close around 21200 is expected in my view. GL!
Almost the same chart from yesterday! Nothing really to update...
Market was undecided which direction to go. Every attempt to rebound was sold out. We got a red daily candle that is inside yesterday candle. It feels like price is going to 61.8 fib before returning up to 22000. Tomorrow is the end of week. We need a bearish close at weekly TF but not a bold one; so a close around 21200 is expected in my view. GL!
- #1,165
- Dec 20, 2024 7:03am Dec 20, 2024 7:03am
- Joined Jan 2016 | Status: Trader | 3,934 Posts
End of day analysis! {image} Almost the same chart from yesterday! Nothing really to update... Market was undecided which direction to go. Every attempt to rebound was sold out. We got a red daily candle that is inside yesterday candle. It feels like price is going to 61.8 fib before returning up to 22000. Tomorrow is the end of week. We need a bearish close at weekly TF but not a bold one; so a close around 21200 is expected in my view. GL!
Price finally completed the sell move and reached 61.8 fib which is a strong value area for a bounce up.
I got in with a position and I'll add after NY opening range if we get a breakout.
- #1,168
- Edited 8:58am Dec 20, 2024 8:47am | Edited 8:58am
- Joined Jan 2016 | Status: Trader | 3,934 Posts
{quote} We will have a green candle today. 21200-21300 should be the max for today and week close.
Edit:
I got in after the green candle in 5min TF. So my R:R is now 3.3.
- #1,170
- Dec 20, 2024 9:32am Dec 20, 2024 9:32am
- Joined Jan 2016 | Status: Trader | 3,934 Posts
{quote} Banked TP1 with 100 points. Moved STP to BE.
- #1,172
- Dec 20, 2024 11:15am Dec 20, 2024 11:15am
- Joined Jan 2016 | Status: Trader | 3,934 Posts
Expected move for this afternoon, but I won't take it. I'm done
- #1,174
- Dec 20, 2024 4:08pm Dec 20, 2024 4:08pm
- Joined Jan 2016 | Status: Trader | 3,934 Posts
Expected move for this afternoon, but I won't take it. I'm done
Surprise surprise
- #1,176
- Dec 22, 2024 5:15pm Dec 22, 2024 5:15pm
- Joined Jan 2016 | Status: Trader | 3,934 Posts
Upcoming week analysis and 2025 Outlook!
2025 Outlook:
TA Analysis: Yearly/Semi-year/Quarterly TA
As you can see in the Yearly/6Months/Quarterly Charts, NQ is closing very bullish. A continuation up is expected with a target of +/-26000 based on ABCD pattern.
TA Monthly Analysis:
The Monthly candle should also close above 21232 to be bullish; otherwise it will be very bearish. I expect the close to be around 21284.
FA Analysis:
1- Trump will be in the Office with many billionaires around him; they will most likely ensure that stocks continue up with various incentives; hence equities will continue up;
2- Trump will impose tariffs and reduce taxes on corporations; this will boost US stocks up; hence US equities up;
3- US economy is very strong in comparison to the rest of the world and I expect to stay strong during 2025; this will stop rate cuts. I don't expect additional rate cuts during 2025; this is negative stocks and equities as no free money will be available from the FED;
4- Tariffs with strong economy might boost inflation up; this might increase rates which I doubt it at least until the fall 2025 or early 2026. This is bad for stocks and equities.
5- Risk of war: we should see the end of the Ukrainian-Russian war during Q1-Q2 2025; this is good for stocks and equities. However the Middle-East might extend the war to other countries; this is bad for stocks and equities.
Upcoming TA Weekly Analysis:
The last week of the year with a short trading days and very limited liquidity. Large movements, up and down around the opening sessions are expected.
Last week closed bearish but with large wicks. I expect an inside upcoming weekly candle with a retest of the upper TL (+/-22000) and a close above 21232 and around 21284
TA Daily Analysis:
2025 Outlook:
TA Analysis: Yearly/Semi-year/Quarterly TA
As you can see in the Yearly/6Months/Quarterly Charts, NQ is closing very bullish. A continuation up is expected with a target of +/-26000 based on ABCD pattern.
TA Monthly Analysis:
The Monthly candle should also close above 21232 to be bullish; otherwise it will be very bearish. I expect the close to be around 21284.
FA Analysis:
1- Trump will be in the Office with many billionaires around him; they will most likely ensure that stocks continue up with various incentives; hence equities will continue up;
2- Trump will impose tariffs and reduce taxes on corporations; this will boost US stocks up; hence US equities up;
3- US economy is very strong in comparison to the rest of the world and I expect to stay strong during 2025; this will stop rate cuts. I don't expect additional rate cuts during 2025; this is negative stocks and equities as no free money will be available from the FED;
4- Tariffs with strong economy might boost inflation up; this might increase rates which I doubt it at least until the fall 2025 or early 2026. This is bad for stocks and equities.
5- Risk of war: we should see the end of the Ukrainian-Russian war during Q1-Q2 2025; this is good for stocks and equities. However the Middle-East might extend the war to other countries; this is bad for stocks and equities.
Upcoming TA Weekly Analysis:
The last week of the year with a short trading days and very limited liquidity. Large movements, up and down around the opening sessions are expected.
Last week closed bearish but with large wicks. I expect an inside upcoming weekly candle with a retest of the upper TL (+/-22000) and a close above 21232 and around 21284
TA Daily Analysis:
- #1,177
- Dec 23, 2024 8:53am Dec 23, 2024 8:53am
- Joined Jan 2016 | Status: Trader | 3,934 Posts
Good day!
My planned Buy entry
My planned Buy entry
- #1,178
- Dec 23, 2024 9:16am Dec 23, 2024 9:16am
- Joined Jan 2016 | Status: Trader | 3,934 Posts
Good day! My planned Buy entry {image}
- #1,179
- Dec 23, 2024 10:46am Dec 23, 2024 10:46am
- Joined Jan 2016 | Status: Trader | 3,934 Posts
{quote} I got in after the close of the 5min green candle {image}
- #1,180
- Dec 23, 2024 2:13pm Dec 23, 2024 2:13pm
- Joined Jan 2016 | Status: Trader | 3,934 Posts
And closed my last position with another 120 points.
