Introduction to Scalp Trading and Day Trading Scalp trading and day trading are two prominent trading strategies with very distinct approaches. Scalp trading involves making many trades in a single day to capture small price movements. It requires close market monitoring and high precision. Day trading refers to buying and selling financial instruments within the Read More…
Weekly Chart Analysis for NASDAQ 100 E-mini Futures:The weekly chart shows price in a clear ascending channel pattern, with NQ positioned in the upper half of the channel. The Relative Strength Index (RSI) is sitting in overbought territory, however. The all-time high (ATH) stands as the ultimate resistance level, which price has closed above in Read More…
On Monday, equities rallied as the S&P 500 set another record high, driven by gains in tech stocks. Meanwhile, investors awaited corporate reports for insights into this year’s profit outlook. Additionally, on Friday, the S&P 500 confirmed its bull market status since its low on October 12. Top tech companies like Microsoft and Apple will Read More…
Weekly Chart Analysis: The price of ES has made a significant move by closing above the all-time high (ATH), which suggests a strong bullish bias. We see a clear break above the previous resistance level, which bulls want to see serve as support in any potential retest. If you’re looking for a bullish confirmation of Read More…
Introduction As a trader, having the right indicators in your toolbox can mean the difference between successful trades and costly mistakes. One of the most powerful and versatile tools available is the relative strength index (RSI indicator). Virtually every trader knows about the RSI, but are you using it to its full potential? In this Read More…
Weekly Chart Analysis: The weekly chart exhibits a consolidation pattern with a clear ‘Point of Control’ at approximately 1.09220. This level represents the price with the highest volume traded over the analyzed period and acts as a significant area of balance between supply and demand. The presence of a ‘Low Volume Node’ below this range Read More…
