Introduction Its been exactly 400 days since the the 50 simply moving average crossed back above the 200 simple moving average in a 100% rally from bottom to the top in NQ. The index has rallied hard and technicals are still pointing to higher prices as the bulls over power the bears. Technical analysis though Read More…
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.
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…
NQ Drops 2.8% in a day NQ drops 2.8% in a day, and everyone gets scared. The markets have been going up and only up, so a pullback is due at some point. If you look at the NQ chart you will see nothing but green candles all the way and an RSI that has Read More…
