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NASDAQ Weekly ChartWe have a very clear signal for down movement. Price bounced from the resistance level with confirmation from RSI and MACD. ADX is below 20 and confirms range market conditions. DMI allows open short trades. Entry level can be below 4756, it's the low of the signal candle. Stop should be placed above the resistance level 4838 and profit target is near the possible reversal zone. You can also open short trades based on the daily chart with the same stop and profit target levels.
FX:NAS100Short
by DLavrov
2
NASDAQ Open Short TradesOn 1H chart we have trend market conditions and we can trade. Price touched MA20 and bounced. MACD confirmed price reversal and gave a signal for opening a short trade. Entry level is below 4774, stop should be placed above the swing high. Our profit target is based on R/R ratio 1:3 and we use no more then 1% from our deposit for this trade. We have the support level which can stop or reverse the market, but on the daily chart MACD falls and confirms short trades.
FX:NAS100Short
by DLavrov
Entry Level for a Long TradeWill NASDAQ move higher and reach 4850? Why not? We have up trend on the daily chart and we can try to make some profit. Price touched MA50 and a bullish candle gives us a signal of possible price reversal. MACD gives a signal for opening long trades. Entry level is above the high of the signal candle. Stop should be placed below the swing low. Profit target can be the possible reversal level 4850. Don't forget that this market is overbought and if price does not move above 4835, it will be better to close the trade.
FX:NAS100Long
by DLavrov
2
New Divergence and Entry Level Bearish divergence was formed by MACD and RSI on 4H chart. ADX starts falling and allows open short trades. The entry level could be below the low of this bearish candle, but I offer to open a short trade when we have solid argument for down movement. And new entry level can be below the support level of the range which we see for several days. If price breaks it, probably it will be a beginning of correction wave on daily chart. Wait for the bearish candle closing below 4767 and place a pending order below the low of this candle. Stop order can be placed above 4813 and target 4700.
FX:NAS100Short
by DLavrov
NASDAQ Trading IdeaGood news for all who wait for market drop. Bearish divergence was formed by RSI near a strong resistance level. It's the 1st solid reversal signal on the daily chart. Probably we'll see down movement and based on hourly charts we can try to open short trades. There is only one thing which does not support our short trades now. It's ADX confirming strong up movement. If ADX reverses and starts falling, we'll be able to open short trades on the daily chart also. For all short trades stop orders must be placed above 4800. Targets are these reversal zones. MA20, MA50 and MA100 can be strong lines for reversal the market in the direction of the up trend.
FX:NAS100Short
by DLavrov
6
Looking for signal to short this bloody equity rally?I have a solution. Use the moving average 50 period low. Check the 4h chart on US30. Insert a 50 period moving average low. Insert support and resistance lines. You will notice a couple of things, at the end of the last equity rally, it was profitable to short the market EVERY TIME once the price CLOSED below the 50MA. In other words you couldn't go wrong using this signal. In the current rally, the MA50 has acted as a support EVERY TIME (along with upward trend). A close below this line will be a good time to sell based in historical patterns. A close below the upward trending black support as well will confirm selling signal. We are approaching historical resistance and I'm expecting the price to fall below the MA50 soon - probably this week. The rally has taken many scalps. Don't be cannon fodder. Trade wisely. There are many fundamental reasons why this rally should end, I feel that this rally is purely technical.
FX:US30Short
by maccabean
2