Thursday Nasdaq Analysis 25.02.06
Hello, this is Greedy All-Day.
Today's analysis is focused on the Nasdaq.
Chart Link:
Let’s start by reviewing Wednesday’s briefing.
We entered a buy position after the resistance trendline was broken, with the first entry occurring at the yellow box.
The second entry was made after breaking above the previous high of 21,694.
With the horizontal line set as the target, the price rose about $180 from the first entry, resulting in a $3,600 profit per contract.
As for sell positions, there was no entry since the upward trendline held and no trend reversal occurred.
Chart Link:
Let’s review the daily chart.
The Nasdaq is still consolidating within the pattern.
If this consolidation is broken, we could see a trend reversal, which could further strengthen the upward momentum. However, for now, it seems the price is still moving within the pattern.
Chart Link:
Here’s today’s trading strategy:
Buy Position
No planned entry.
Reason: Although the uptrend is clear, the price is approaching a critical area marked by the black box on the daily chart.
In this area, the price could either break out and then retrace or lead to a trend reversal. It could also continue to gain buying momentum, making this zone highly uncertain. Therefore, no buy signals are planned.
Sell Position
Entry 1: Upon a break below the upward trendline at the orange box.
Reason: The current uptrend has been following a staircase-like expansion pattern, making the timing of a trend reversal uncertain. Thus, we’ll prioritize observing a break below a trendline slightly higher than the previous one.
Entry 2: Upon a break below the upward trendline at the blue box.
Context: The first trendline break and the trendline we've been monitoring since Monday will be critical.
Conclusion
Since the gap down on Monday, the Nasdaq has been continuously rising.
This once again confirms that we should focus on reacting to the charts rather than making premature predictions.
Wishing you all profitable trades today!
Today's analysis is focused on the Nasdaq.
Chart Link:
Let’s start by reviewing Wednesday’s briefing.
We entered a buy position after the resistance trendline was broken, with the first entry occurring at the yellow box.
The second entry was made after breaking above the previous high of 21,694.
With the horizontal line set as the target, the price rose about $180 from the first entry, resulting in a $3,600 profit per contract.
As for sell positions, there was no entry since the upward trendline held and no trend reversal occurred.
Chart Link:
Let’s review the daily chart.
The Nasdaq is still consolidating within the pattern.
If this consolidation is broken, we could see a trend reversal, which could further strengthen the upward momentum. However, for now, it seems the price is still moving within the pattern.
Chart Link:
Here’s today’s trading strategy:
Buy Position
No planned entry.
Reason: Although the uptrend is clear, the price is approaching a critical area marked by the black box on the daily chart.
In this area, the price could either break out and then retrace or lead to a trend reversal. It could also continue to gain buying momentum, making this zone highly uncertain. Therefore, no buy signals are planned.
Sell Position
Entry 1: Upon a break below the upward trendline at the orange box.
Reason: The current uptrend has been following a staircase-like expansion pattern, making the timing of a trend reversal uncertain. Thus, we’ll prioritize observing a break below a trendline slightly higher than the previous one.
Entry 2: Upon a break below the upward trendline at the blue box.
Context: The first trendline break and the trendline we've been monitoring since Monday will be critical.
Conclusion
Since the gap down on Monday, the Nasdaq has been continuously rising.
This once again confirms that we should focus on reacting to the charts rather than making premature predictions.
Wishing you all profitable trades today!
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.