NAS100We were triggered and stopped out but we did fair.
DAILY
Kept falling and dragging down and tested around the support level, 17070 around here. We have a test candle which shows that our test level was correct.
4H
Price is testing again (in correction) so we stay waiting and watching for either the break (impulsively) or the reversal impulsively. This is where we will get more information to lay forward our case.
1H
Reject before 17500 is where we would believe that our correction has ended, break through here means we wait even more.
NAS
NAS SellsNAS - price broke through that last low that was created with momentum pushing past the lowest point (17790) before the highest point (18498) was reached.
That would signify a CHoCH and we are continuing a bearish outlook.
With ICC, after a new low is made in the market (Indication) we can expect a pullback/retracement (Correction), before the continuation.
We will be looking for sells under the 17880 area to the recent lows created (after the correction is completed)
NAS ShortBased off Sci's ICC trading concept. Indication - Correction - Continuation
NAS created a new low below 17900 (Indication), then corrected to 18360, which created lower low. With price failing to make a new high/ break the previous highs, sells were possible below 18175 (Continuation) to the low that was created.
Will monitor price in the new week and consider sells below 18020 to the last low, which should be about 130 points.
N1Good thing we were patient and stayed out.
Following the previous post, I had not set out an idea. This was just placed and not taken.
Now we have a better idea as to where and what to do:
We waiting for the retest on the rectangle and confirmation of bull movement before we set out our buy stops and market entries to go with the bull run.
NASDAQ Movie with bear marketNASDAQ Movie with bear market. Good movement for entering a trade with proper confirmation. Because this is 4H time frame.
Scenario 01
If nas rebound with psyological level The best way to use this opportunity is to place a Buy order at 17848
Scenario 02
If fell Bellow mentioned support nas will reach 17716. That level can get buy order.
4H Resistance level located 18053.44
4H Support level located at 17324.10
MY SECREET WEAPON STATEGY FOR SHORT TERM!Daily Markets: Investors Watching Fed Speakers Closely After Inflation Data
Following the Consumer Price Index (CPI) report that showed little progress on core inflation, the market will be dissecting comments from a pair of Fed speakers now that market expectations for rate cuts softened considerably after yesterday’s inflation data.
WARNING!
I AM NOT FOLLOW THE TREND STYLE TRADER, IM WITH MY INDICATOR TO CATCHING THE SIGNAL AND DECIDE PRICE ACTION. SO BE THE FIRST AT THE TOP OR BOTTOM.
NAS100 sell order entry price 16928NAS100 Currency running with nearest the 4H pressure level 16922 - 16974
This is the best opportunity for selling the market.
According to the analyze open sell order entry price 16928 and target 16748 and 16575
SL ( Set a uniform set of 15$ ) only for your reference and you can set it according to your free margin.
NAS100 3/12/23Nas100 sitting within a bearish range following from last week or of a indices have shifted bullish I believe that NAS100 may follow. as it stands we are still within a bearish range so we are looking to trade within this range with caution but still following our swing bias as always.
$AAPL timber*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
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NAS100 5/11/23That's 100 looking almost exactly the same as euro and British pound the only difference is we had a much larger expansion on this pair after the red folded news on Friday. Following this price action we're looking for exactly the same thing as Gu and eu which is for us to run the internal liquid load that we have placed during the New York session of the last week and we also have a much lower unmitigated area of price which holds our poi for entry within our swing as it stands we're not going to hold our breath for a huge pullback but we are going to be looking for longs heading into this session.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Q3 Sell Off Bias Breakdown Part 3 Simple Explanation +ScreenshotFor how most people I know trade, we have a few simple steps to follow in order to identify a good trade setup. We need to:
1. Determine current price location on our chosen higher timeframe - are we in Premium or Discount.
2. Check whether we've taken any liquidity on our selected higher timeframe.
3. If liquidity has been taken immediately, switch to your preferred lower timeframe and look for the same setup aka liquidity being taken.
4. if you've Confirmed liquidity has been taken, now you need price to follow up by a break of market structure on a short-term low or high.
5. If step 4 is completed successfully, we can now look for entry on our trade ONLY IF PRICE HAS LEFT THE FOLLOWING BEHIND!!!!
gap, order block, or breaker block.
Q3 Sell Off Bias Breakdown Part 2 Hello, in this analysis, I saw the potential for this sell-off around August 8th. I just never posted it, but I was chatting with AI to see how many months, days, weeks, or years equaled how many candles. So, I picked the 91-day timeframe because I will normally be on the right side of the trend most of the time, as that is higher than the monthly, weekly, daily, etc. in terms of higher timeframe bias. More advanced break down
PART 1 LINK:
Q3 Sell Off Bias Breakdown Part 1Hello, in this analysis, I saw the potential for this sell-off around August 8th. I just never posted it, but I was chatting with AI to see how many months, days, weeks, or years equaled how many candles. So, I picked the 91-day timeframe because I will normally be on the right side of the trend most of the time, as that is higher than the monthly, weekly, daily, etc. in terms of higher timeframe bias.
PART 2:
NAS100 possible reversal bounceAfter price broke structure to the upside, it retraced and formed liquidity above a demand zone that was left behind during the expansion. Price could now use this demand and liquidity to fuel its move upwards to fill a massive imbalance that was left behind during the previous bearish expansion.
NASDAQ Heavily bearish. Short the next bounce.Nasdaq / US100 has turned bearish on the medium term after crossing under the 1day MA100.
The 4hour RSI is oversold so on the short term we can see a rebound, that will be ideal for a new short position.
So far it follows the structure of the prior selling sequence (July 19th-August 18th) and proportionally we are on the spot where the bounce happened on Fibonacci 2.0.
The closer to the 4hour MA50 it gets, the better. Sell and target 14430 (Fibonacci 2.786).
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NAS100 3/9/23Here on nas100 we have a bearish swing range with a nice collection on confluences, firstly the range is a strong sell range, secondly we have clear IMB and FVG to show us directional strength and power, we also have a clear NY open POI which as discussed in previous posts can provide sone great POIs overall, we know of course that this POI/RANGE was given to us during news alike many of the other pairs effected... BUT as always we follow what we see and how the market is delivering to us!
So we follow our ranges and look for shorts from our POI.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Nasdaq Already At Resistance?As projected in our previous chart the Nasdaq has seen quite a rip to the upside but like all good things it must eventually come to an end.
Looking at the 4hr chart for MNQ we can see price has completed a perfect ABC measured move ending right high time frame resistance with overbought oscillators starting to show divergence on smaller time frames.
Being we are technically in a macro down trend this current rally should be thought of as a bull rally in a large downtrend. It is likely that price will trade in this range for awhile before making a decision to continue to the down side or give a clear reversal for new highs.
Personaly I am targeting the down side as price has already made its way back up to high time frame resistance, has completed a full ABC measure move retrace, oscillators are reaching over bought on medium time frames with divergence developing on the small time frames.
While we may not shoot straight down for new lower lows a retrace of our current pump is in order at a minimum.
Currently targeting the 15400-15420 area for a short entry postion back to the 15100-200 area and looking for a bounce for a possible lower high and more continuation to the downside.
Trade Well.....
NAS Outlook 8/6NAS left a number of relative qual lows late last week. We are expecting price to want to trade below these to accumulate buy positions before ptonetinally expanding to take out last week’s high. There is a daily OB below price that may support it. the July open price is also at these levels. Interactions with both of these levels can be interpreted as short term discount pricing.
From a macro perspective there is a weekly FVG above price that may be acting as a magnet for higher prices. This is added confluence to the expectation of bullish expansion.