Daily analysis and trade setups on NASDAQ 20220802
*** Tradingview has hidden my analysis for August 1, 2022 because it contained a link to my twitter profile. ***
This is likely to be relatively quiet day unless some news appears. Europe is on vacation & US is slow. Resulting in low volumes and jumpy ticks.
Even with yesterday's candle, the bulls are firmly in-charge. As far as 12265 is maintained, it can go on to test 13230. Breaking that will open up 13900 and then 14581. But this is more in hourly/daily TF.
For today, 12830 is anchor line. Buy above, sell below.
Macro: US Fed Evans Speech
Buy
Break: 12860, 12890, 12900, 12960, 13040
Reversal: 12800, 12760, 12680, 12570
Sell
Break: 12810, 12775, 12700
Reversal: 12980, 13100, 13260, 13400
Green Goblin Fib levels are here >>
Confluence Fib levels are here >>
This is likely to be relatively quiet day unless some news appears. Europe is on vacation & US is slow. Resulting in low volumes and jumpy ticks.
Even with yesterday's candle, the bulls are firmly in-charge. As far as 12265 is maintained, it can go on to test 13230. Breaking that will open up 13900 and then 14581. But this is more in hourly/daily TF.
For today, 12830 is anchor line. Buy above, sell below.
Macro: US Fed Evans Speech
Buy
Break: 12860, 12890, 12900, 12960, 13040
Reversal: 12800, 12760, 12680, 12570
Sell
Break: 12810, 12775, 12700
Reversal: 12980, 13100, 13260, 13400
Green Goblin Fib levels are here >>
Confluence Fib levels are here >>
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