Never catch a falling knife!
As long as Nasdaq100 is below 15500 is bearish. The more it will extend down to 15000, the easier it will be to break below 14832.03 and continue going lower.
More bearish signs are being revealed on Nasdaq100. The 50 and 100 MA are floating above price on 4 hours timeframe. The May 2021 trendline seems was retested.
Trading is a game of probability not certainty. But these can help us to have an edge over the market:
Preparedness
Prepare in advance and make up your mind.
Patience
Be patient to wait for what you hope for.
Never change your direction all of the sudden, even if the market shows to change direction, it might be a slight correction.
Our patience will be tested when we are in a drawdown and when we are in profit, keep your faith strong.
Consistent
Be consistent with your plan, trade management and money management.
Be happy
Always keep yourself happy and don't allow the market to give you sleepless nights, this will help you to have a positive mindset to continue matching to your goals.
Trade smart!
As long as Nasdaq100 is below 15500 is bearish. The more it will extend down to 15000, the easier it will be to break below 14832.03 and continue going lower.
More bearish signs are being revealed on Nasdaq100. The 50 and 100 MA are floating above price on 4 hours timeframe. The May 2021 trendline seems was retested.
Trading is a game of probability not certainty. But these can help us to have an edge over the market:
Preparedness
Prepare in advance and make up your mind.
Patience
Be patient to wait for what you hope for.
Never change your direction all of the sudden, even if the market shows to change direction, it might be a slight correction.
Our patience will be tested when we are in a drawdown and when we are in profit, keep your faith strong.
Consistent
Be consistent with your plan, trade management and money management.
Be happy
Always keep yourself happy and don't allow the market to give you sleepless nights, this will help you to have a positive mindset to continue matching to your goals.
Trade smart!
