NAS100 Is Bullish! Buy!
Here is our detailed technical review for NAS100.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 19,484.5.
Considering the today's price action, probabilities will be high to see a movement to 19,918.5.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NASDAQ 100 CFD
NASDAQ=> Breakout, 19900 next?Hey Traders, in today's trading session we are monitoring NASDAQ for a buying opportunity around 19300 zone, NASDAQ was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 19300 support and resistance zone. Once we get any bullish confirmation a decent target will be 19900 as it's considered the next major resistance NASDAQ will be facing.
Trade safe, Joe.
Nq1! Nasdaq Long term ForecastWhile many switch to a bullish bias for CME_MINI:NQ1! because of expectations of a interest rate cut on 18th of September, I remain bearish because markets price in before these events and the rate cut was expected for a long time.
We see on the daily chart a double bottom, which is market makers' favorite liquidity to take out.
Again on the daily chart, we see that price took out the buy-side liquidity and now is in the Daily Optimal Trade Entry of the last down move.
I expect to see the double bottom to be taken out in the upcoming weeks.
Please note that this can take a lot of time and we can still see a full recovery to All Time Highs before we take out the double bottom.
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NAS100 1:6RR trade ideaIn the recent rate cuts and CPI news, the stocks have gained impulsively(Technology sector up +6%). The overall trend is still bearish as we expect to see a 7-10% correction in the stock market in September. Currently NAS100 has reached our level of interest(19450), which has been a strong support/resistance level in the past. Here we look for shorts targeting 19250 and 19100. Should we break 19450, we look for buys up to 20k. Will update next week.
As always, trade safe and expect the unexpected.
Fractals Trading Community,
Mei
Nasdaq Thoughts 13-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
NAS100 at a Crucial Juncture: What’s Next for the Index?In my previous NAS100 analysis, I mentioned that as long as 19,500 held as resistance, a drop to 17,000 was likely. Initially, the index did begin to fall, but it found strong support at the April all-time high (ATH) and reversed upward.
Now, the price is once again approaching this crucial resistance. Looking at the chart, we can clearly see the significance of this confluence, marked by the falling trend line, the horizontal level, and the retest of the broken channel support.
A break above this level would put NAS100 back on a bullish track, potentially targeting the previous ATH, with an extension toward 22,000 where the channel's resistance lies.
On the flip side, for bears to gain control, a bearish engulfing pattern needs to form today.
NAS100 Is Very Bullish! Long!
Here is our detailed technical review for NAS100.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 19,277.73.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 19,804.81 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Nasdaq Thoughts 12-Sept-2024Kindly see my Nasdaq thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Nasdaq (NQ): Nearest Support Line 1000 Points AwayThe Nasdaq (NQ) is far from its nearest green line support, sitting a full 1000 points away. Traders should monitor how price behaves in the current zone, as a move toward this distant level could set the stage for a significant shift. Will the market hold, or is a deeper pullback coming?
Drop your thoughts below and follow for more updates as the market unfolds!
*Disclaimer: This is not financial advice. Always trade responsibly!*
NAS100 H4 | Heading into overlap resistanceNAS100 is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 19,087.46 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 19,400.00 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance.
Take profit is at 18,324.29 which is a swing-low support that aligns close to the 61.8% Fibonacci retracement level.
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Heading into 61.8% Fibonacci resistance?US100 is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 19,152.11
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 19,632.23
Why we like it:
There is a pullback resistance level.
Take profit: 18,451.49
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Nasdaq thoughts 10-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
Important Support and Resistance Zones: 18788.2-18898.9
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The StochRSI indicator has not escaped the oversold zone.
And, since StochRSI < StochRSI EMA, I think it is not a trading period.
Therefore, the key is whether it can rise above the left Fibonacci ratio 1.902 (18788.2) ~ the right Fibonacci ratio 0.786 (18898.9) and receive support.
If not,
1st: 17854.8-18250.3
2nd: Right Fibonacci ratio 0.618 (17141.4)
You need to check whether there is support near the 1st and 2nd above.
In the worst case, I think the final range is around 16123.5-16322.6.
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If it rises above the left Fibonacci ratio 1.902 (18788.2) ~ right Fibonacci ratio 0.786 (18898.9) and receives support,
1st: 19582.6
2nd: 20313.8
You can trade depending on whether there is support near the 1st and 2nd above.
-
Have a nice time.
Thank you.
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Navigating the Nasdaq's Turbulence: A Peek into the Week AheadAs we head into the trading week, let’s zero in on some critical levels on the CME_MINI:NQ1! Nasdaq that are making the rounds in savvy financial circles. With a bit of a bearish vibe from the get-go, understanding these might just set the stage for some strategic plays.
Top Tier: 19,300 to 19,400
Keep your eyes peeled on this upper bracket. It's where the ceiling might just come crashing down with selling pressure. A lot hinges on how prices react here—will they retreat or break through unexpectedly?
Middle Ground: Around 19,200
Here lies the Fair Value Gap, a zone that often acts as a decision-making hub for the bulls and bears alike. If prices struggle to push past this, it might just reinforce the gloomy outlook for the week.
Entry Alert: Near 19,100
Thinking of going short? This could be your spot. The Optimal Trade Entry point around 19,100 is where the action could heat up, signaling a strong entry if bearish momentum continues.
Watch Your Step: Around 18,730
This level has history. It's served as a balance point before and could either prop up prices for a rebound or give way under bearish pressure, leading to further declines.
Base Camp: 18,300 to 18,550
Down here, if the floor gives way, expect the bears to rush in even stronger. It's a critical zone to gauge just how far the current sentiment could drag the market down.
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Abbreviations
D FVG - Daily Fair Value Gap
D OTE - Daily Optimal Trade Entry
Eq 4h - Equilibrium 4 hours
OTE 4h - Optimal Trade Entry 4 hours
NDOG - New Day/Week Opening Gap