15/10 Analysis : NAS100USD Monthly 1. Strong uptrend (above 20MA) 2. Candle 3/8 close above 1/7 high. Candle 1/9 test the previous resistance (11071.2). Candle 1/10 bounce off RBS 3. Currently creating higher low 4. No buy confirmation candle
Weekly 1. Strong uptrend (above 20MA) 2. Candle 21/9 bounce off 20MA 3. Combine candle 24 and 31/8, you get a doji (gravestone) 4. Cup/saucer pattern from 31/8 - 12/10 5. Rejection of higher price (long upper shadow) emerges from 12050 6. Volume decrease as price advance
Daily 1. Strong uptrend (above 20MA) 2. Currently price retrace/pullback to inverse head and shoulder neckline (previous resistance). 3. Cup and handle breakout at 12211
Hourly 1. Weak uptrend (above 200MA)
The Game Plan I plan to buy AAPL and NVDA only when the stock and the index both reach the pre-determine conditions. I see 2 buying opportunities Inverse head and shoulder 1. Price test and bounce off previous resistance @ around 11550 AND 2. Entry only after the completion of reversal confirmation candle Cup and handle 1. Price break out from cup and handle resistance @ around 12211