Last year, we introduced you to Karan, a funded trader who withdrew $17,500 from his funded trading account. This year, he is back with another big withdrawal while still trading his aggressive scalping style. Since our last article, OneUp Trader announced that traders could now get funded on up to three accounts at a time, Read More…
Technical Analysis Moving Averages: Recent Price Action: The price has recently faced resistance near the 50-day moving average as bulls tried to push prices higher and has pulled back slightly. This rejection from the 50-day moving average shows selling pressure at these levels. Market Sentiment: The overall trend before the recent pullback in July was Read More…
Important Points All-Time High (ATH) Resistance: Support and Resistance Levels: Price Action: Trade Opportunities: Bullish Scenario: Bearish Scenario: Risk Management: Final Call: Overall, the chart is showing a bullish bias, with a key decision point around the ATH. Traders should watch for either a breakout or a rejection to determine the next move.
Price Action and Trend NQ, like all other equity markets, has been in a strong uptrend since October 2023. However, we’ve recently seen a sharp pullback from the all-time high of around 20,983.00, and now could be the time to look to take long positions. Support and Resistance Moving Averages The price is currently between Read More…
Weekly Chart I have put a volume profile indicator onto last weeks trading which is shown in the weekly chart below. Price is sitting now just above the support where last weeks candle closed. The Point of control line is holding the price up for now and after the recent dip in the US equity Read More…
Introduction The Nasdaq e-mini futures (NQ) painted a huge bullish candle from last Friday in the form of a doji that is busy confirming a morning star pattern. The price has already pushed above last Friday’s high, confirming the bullish price action. The doji from Friday also bounced right off the 100 MA. This could Read More…
