Nasdaq Biotechnology Index – in a Line on Bear Fire…

Nasdaq Biotechnology Index  –  Back Today on ATA Research Radar 

 

ATA Continuation of…

27.03.2015 –  BIOTECH STOCKS ON MARKET FIRE …!!!

9.04.2015 –  DON’T MESS with BIOTECHNOLOGY…

30.04.2015 –  BIOTECH SKYFALL…

23.08.2015 – BIOTECH STAR FREE FALL…

2.05.2019 –  Nasdaq Biotechnology Index – Pathfinder Risk Off Scenario for All Nasdaq Indexes…

with

ATA Following …

15.09.2018 – Financial Decade after Lehman Panic…

&

TATS –  ” ASIAN FANG ” 

8.08.2019 –  TATS – ASIAN BIG TECH BEAR STRIKE…

Taiwan Semiconductor Manufacturing

8.08.2019 –  Taiwan Semiconductor Manufacturing – Global Tech Bull Hope…

Taiwan Semiconductor Index 

8.08.2019 – Taiwan Semiconductor Index – Clash of Bull & Bear Titans…

FANG + INDEX  – Wall Street  &  Global Equity Pathfinder 

8.08.2019 –  FANG + INDEX – Support Zone Battle…

Nasdaq 100 Futures 

9.08.2019 –  NASDAQ – CHINA TRUMP & FED Verbal Rescue…

 

Nasdaq Biotechnology Index –  all time Active Pathfinder Risk Off Scenario

for

All Nasdaq Indexes

from

Past 2015 Year

to

Present 2019 Year

 

BIOTECH - 1

 

First…

ATA  from  2.05.2019

” Long Term Bullish Channel

but with Characteristics  of 

Ending Diagonal Pattern 

starts from Low 1994 year

with

Inverted Ending Diagonal Pattern 

starts from February  2016 ”

 

 

Second…

Present Nasdaq Biotechnology Index Situation 

 

 

 

 

First…Master Central Motive

CHINA,  TRUMP & FED Verbal Rescue

after

Last Monday

Global Markets Crisis Situation 

Market Sell Off   &  YUAN Shot Down 

Earlier Week

Activated Central Banks Mega Easing…

FED KEY ROLE –  First Rate Cut in a Decade…

 

Second…Market Technical  Patterns

Monthly View 

first of all

No New High from 2015 Top 

Last All Time High – ( Max 4194 ) 

Last Record – 07.2015  in  4200  Zone

still Active

Long Term Bullish Channel

but with

Characteristics  of  Ending Diagonal Pattern 

( starts from Low 1994 year )

&

Inverted Ending Diagonal Pattern 

( starts from February  2016 )

Two Hybryd H&S Patterns – Neckline 3150

( Candlestick & Line Charts )

with

MACD Monthly 

Sell Signal  &  Negative Divergence 

 

Nasdaq Biotechnology Index Battlefield 

Main Resistance Zone

5300 – Secular  Ending Diagonal & Trend Channel

4300 – Inverted Ending Diagonal

Main Support Zone

3150  –  Inverted Ending Diagonal

Two Hybryd H&S Patterns

3000 – Psychological Key Level

2800 –  December 2018 Low

2000 – Secular  Ending Diagonal & Trend Channel

1500 – Dot Com Bubble 2000 year

 

 

ATA Investment Conclusion

Bearish Wave  still dominates

with 

Risks of Active

Inverted Ending Diagonal 

with

Two Hybryd H&S Patterns

so

Special Focus on

Present Key Level 3150 

SM Reaction on 

EOM – Key Month August

 

always remember

Chart is More Important than 1000 Words…

&

Most Important s Final Smart money Reaction…

First..EOD-s

Second…EOW-s

Finally…EOM – Month August 

 

 

Nasdaq Biotechnology Index  Monthly Charts :

27.03.2015

9.04.2015

30.04.2015

1.05.2015

23.08.2015

BIO-3

BIO-4

1.05.2019

Nasdaq Biotech Index - M - log

9.08.2019 (  Second Half US Session )

Nasdaq Biotech - M -V

Nasdaq Biotech - M

Nasdaq Biotech - M - Line

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