NASDAQ Outlook IF the daily close above the weekly level 20491.21 or the Daily candle closes bullish , I'll be looking for buys 📈↗️opportunity to 21009.46
That's because of the imbalance that needs to be filled around that zone. Hence I'm going to watch how price reacts at that level for sell continuation.
The monthly candle is bearish. It might end bearish by the end of the Month.
Kindly boost this if you find it insightful ciao!
NASDAQ 100 CFD
Nasdaq US100: Positioned for a Breakout to New Highs!After a deep retrace on the daily timeframe, I’ve initiated a long position on the Nasdaq US100. The plan is to ride this wave back to its Higher High, capitalizing on the recovery momentum.
Technical Insight:
• Key Structure: The market has shown strong respect for the current retracement levels, providing a solid base for a bounce.
• Trendline Support: Price action aligns well with the trendline channel, indicating potential for upward continuation.
• Fib Levels: The pullback reached a critical zone, signaling that buyers may step in to push the price higher.
Let’s see how this plays out! Always remember to trade with proper risk management and pay yourself along the way!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
NAS100/USTEC - 4hr| Descending TriangleSimple Trading: Descending Triangle
Nas100 has been trailing down for the past week. if the price breaks below 20,700, then the bullish momentum may be loss. Expect Nas100 to continue to bounce from one end of the triangle to the other end. Once the Triangle is broken, we can reveal the exact target area. Keep in mind that the last 4hr candle has closed below the previous candle low. Price could be preparing for a pullback before continuing to make a lower low. This will either be a break and retest with continued bearish pressure or a complete fakeout.
Potential bearish drop?NAS100 has reacted off the support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 20,941.46
Why we like it:
There is an overlap support level.
Stop loss: 21,195.49
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 20,573.63
Why we like it:
There is a pullback support level that lines up with the 127.2% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
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 (US100): Bullish Momentum Poised for New HighsThe NASDAQ (US100) continues to display strong bullish momentum, having recently broken above its previous higher high. The price has since retraced to test this level as support, aligning with the structure of a proposed ascending channel. With no bearish signals currently evident, the index shows potential to establish a new high.
*Trade responsibly and implement proper risk management strategies.
Prepare Nasdaq for Monday on weekend 25.01.11Hello, this is Greedy All-Day.
Today’s analysis focuses on the NASDAQ.
Briefing Results
Chart:
Buy Perspective:
No buy entry signals were triggered during session.
Sell Perspective:
While the initial blue ascending trendline break could have been a sell entry, the timing occurred outside of market hours (during the Asian, European, and U.S. sessions), rendering the move insignificant.
Thus, the sell entry was based on the extended yellow ascending trendline. Upon its breakdown, the target was exceeded, resulting in a total drop of 325 points and approximately $6,500 in profit per contract.
Daily Chart Analysis (Perpetual Contract)
Chart:
On the daily chart:
Lagging Span (Chikou Span):
The Lagging Span has definitively entered below the candles, suggesting a high probability of a trend reversal.
For a full reversal, the price must break above 21555.
Current Position:
The price is currently at 21016.
The Lagging Span suggests the potential for upward movement toward 21437 on Monday, barring further breakdowns.
Green Box:
Previously acted as a support zone, but the red box candlesticks broke below, creating new lows.
Ichimoku Cloud:
While the price has entered the cloud, it continues to close above the upper boundary, maintaining support for now.
Key Moving Averages:
Without a gap-up on Monday, the daily candle is likely to open below the 20 EMA and 60 EMA.
Major resistance levels are at 21090 and 21440, respectively.
March Futures Contract Analysis
Chart:
While largely similar to the perpetual contract:
The price closed within the Ichimoku Cloud.
Intraday trading on Friday even saw the price break below the cloud’s lower boundary.
Key Levels:
Resistance: 21213 (cloud upper boundary).
Support: 20930 (already broken once, so its strength as support is questionable).
Key Daily Chart Patterns
Chart:
Two notable patterns emerge on the daily chart:
Descending Triangle (Red Lines):
Height: ~6.8%.
The pattern broke downward on Friday, suggesting a potential target at 19594 (6.8% below the breakdown point).
Falling Wedge (Blue Lines):
While this indicates a corrective downtrend, a breakout above the blue box could signal a return to the highs or even new all-time highs.
Both patterns offer insight into market sentiment but require confirmation to act upon.
Monday Trading Strategy
Chart:
Buy Perspective:
Entry Trigger: A breakout above the green box + 21206.
Context: The price has shown resistance at 21206 following a rebound and subsequent decline.
Targets: Resistance levels are marked on the chart; verify specific price points on the chart’s left side.
Key Consideration:
Without a breakout above 21562 (light blue box), the overall trend remains bearish.
Any potential buy would likely be a temporary retracement within a broader downtrend.
Sell Perspective:
Recommendation: Monday may be best suited for observation rather than aggressive sell entries.
Risks: There are no clear support trendlines, and selling on a break of the previous low carries considerable risk.
Conclusion
The NASDAQ is a dynamic and unpredictable market where what appears to be a correction may not actually be one.
Recent declines can trigger panic among traders, but it’s critical to approach the situation with patience and a calm, strategic mindset. Avoid emotional decisions and focus on the bigger picture.
Trade smart and stay prepared for any market movements. 🚀
QQQ trying to breakout of downtrendA gap up and attempt to breakout of downtrend today. However, regular hours trading was pretty flat. You can see the high and low wicks on the candle testing support and resistance, but ultimately, price went nowhere after the gap up. Tomorrow should give us a good idea on which way it is going.
Case Study of XAUUSD : Symmetrical Triangle BreakoutsXAUUSD, representing gold against the US dollar, is currently trading at 2680 and is expected to rise to a target price of 2800. The pair is breaking out of a main symmetrical triangle pattern, a technical indicator signaling a potential continuation of the bullish trend. This pattern forms during a consolidation phase, where price action narrows before a decisive breakout. Following the breakout, it is anticipated that the price will retest the breakout level to confirm its strength and establish a new support zone. Retesting is a common occurrence in technical analysis, reinforcing the breakout's validity and providing traders with confidence in the upward momentum. Once the retest is complete, the price is expected to resume its ascent toward the target. This scenario reflects a strong technical setup, attracting both short-term and long-term traders seeking to capitalize on the projected move. The symmetrical triangle breakout and subsequent retest indicate a well-structured path toward achieving the 2800 target.
NAS100 on Pause: Focused on Scalping Until NFP Shifts the Market👀 👉 The NAS100 has been stuck in a range and lacks a clear trend at the moment. Currently, I only see potential for scalping opportunities. With NFP coming up tomorrow, I’m leaning toward staying on the sidelines and waiting to see if a US100 trend develops next week, which could present some profitable setups for the NASDAQ. ⚠️ This material is for educational purposes only and should not be considered financial advice.
Prepare before National Foundation Day on Nasdaq 25.01.09Hello, this is Greedy All-Day.
First, I’d like to apologize for not posting a briefing yesterday, January 8, due to personal reasons. Let’s dive into today’s analysis of the NASDAQ.
Tuesday’s Briefing Results
Buy Entry: No buy entries were triggered, so there’s no commentary for this perspective.
Sell Entry: The trigger was a breakdown below the ascending trendline and the lower boundary of the supply zone at 21640.
Outcome: After the breakdown, the NASDAQ dropped by 350 points.
Profit: Approximately $7,000 per contract.
Daily Chart Analysis
The NASDAQ is currently consolidating between the 20 EMA and the 60 EMA, which suggests indecision:
The price has not closed below the 60 EMA, indicating that support is still holding and cautioning against premature selling.
The price has not entered the Ichimoku Cloud, which means a full bearish transition has not occurred yet.
This range-bound movement suggests that the market is awaiting a major catalyst, such as an economic indicator or political news, to determine the next directional move. A more strategic approach is required in this scenario.
Key Supply Zone Dynamics
The current range is highlighted in the orange box, where price movements have shown inconsistent behavior:
Resistance and support levels within this range do not align consistently.
The best approach in this zone is to wait for a clear breakout in either direction before entering a trade.
This area is prone to stop-hunting, increasing the risk of being prematurely stopped out in both directions.
Today’s Trading Strategy
Buy Scenario:
Entry Trigger: A breakout above the green box at 21812.
Reasoning:
The red box marks the upper boundary of the resistance zone, but breaking above it alone does not provide a strong buy signal.
A move above 21812 would signify a breakout above key resistance levels, including the descending trendline and prior candle resistance, providing sufficient justification for a buy entry.
Sell Scenario:
Entry Trigger: A breakdown below the orange box support.
Reasoning:
Breaking the short-term ascending trendline would open the door for a test of Wednesday’s low.
If the low is breached, the price could decline further to the 21006 level.
The 21006 support zone corresponds to the January 2, 2025 low of 20983, a critical level.
A breakdown here would signify entry into the daily Ichimoku Cloud, opening substantial downside targets.
Conclusion
Today is a market holiday in the U.S. (National Foundation Day), so trading activity will be paused.
In such conditions, I recommend avoiding impulsive or speculative trades and instead observing the market’s behavior to prepare for the next session.
Stay disciplined and trade wisely. 🚀
This briefing will remain valid until Friday due to the market holiday.
The next NASDAQ briefing will be shared over the weekend in preparation for Monday’s trading.
Technical Analysis of Nasdaq 100: Key Support Holds as Bulls The Nasdaq 100 (NAS100) is currently trading at 21,100, with a target price of 23,000, suggesting a bullish outlook and a potential rise of 1,900 points. The price is holding above a key trendline, which acts as a strong support level. This trendline's role is significant, as the recent bounce from this support confirms its reliability. The pattern indicates that the index may continue its upward trajectory if no major resistance levels hinder its movement. Such a setup suggests the market sentiment remains positive. A break above intermediate resistance levels could accelerate the rally. However, traders must remain cautious of external factors like earnings reports or Federal Reserve policy updates that might affect momentum. Proper risk management is essential to navigate potential volatility.
Buy or Sell? Read the caption. I told you...Hello guys
We came with NAS100 analysis.
Due to the heavy selling that has happened now, we need to maintain the defined twin bottom range to maintain the upward trend.
Otherwise, the drop will continue up to the specified limits.
Now, if the price is supported, you can see its growth up to the specified areas.
*Trade safely with us*
Analysis of USOIL and Falling Wedge Breakout PotentialThe forex pair USOIL is currently priced at 75.000, with a target price set at 103. This indicates an expectation of significant upward movement. The technical pattern in focus is the Falling Wedge, a bullish reversal pattern often found in downtrends. In this setup, the price consolidates between converging trendlines, suggesting decreasing momentum in the downward movement. A breakout above the resistance line typically signals a trend reversal.
Traders anticipate a breakout in this case, leading to a potential rally towards the target. This scenario implies increased buying pressure and positive market sentiment. Risk management is crucial, as breakouts can sometimes fail. Confirmation of the breakout, such as strong volume or a clear candle close above resistance, adds reliability to the trade setup. Monitoring key levels closely will help refine the strategy.
Nasdaq Intraday Review - Tuesday 7 Jan 2025I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 5:30 am GMT (00:30 am EST)
Economic news - JOLTS Job Openings @ 15h00
News - None
Directional bias - BUY
Morning analysis:
M TF - Currently showing bullish sentiment, even after last month's doji candle close.
W TF - Bulls have managed so far to keep price above W neckline (on the W TF change the chart type to line chart and you will clearly see the "M" representing a DT market pattern).
D TF - D 0.618 SELL fib level was broken, as bulls pushed price up well above this level and managed to close the D candle above it. Even though bulls showed massive strength on Monday, they were unable to close the D candle above the D falling wedge pattern top blue line, i.e. they were unable to break the pattern upwards. At time of writing in the morning, temporary blue downtrend line is being respected. The blue downtrend line represents the D downtrend of the falling wedge (drawn on the D TF) and the green down trendline represents the 4H downtrend line (drawn on the 4H TF)
4H TF - Potential neckline of a DT noted and marked with orange. If the 7am candle breaks this neckline downwards, price will push down because we are at the top of a higher TF market pattern (D falling wedge) + we have a 4H DT. These are strong bearish signals, but they will only be valid should price action give a reversal signal by bears being able to break the orange neckline downwards. The D buy fib levels coincide with the 4H buy fib levels as both are drawn from swing low at B to swing high at A on each respective TF. This gives a form of TF confluence and makes these levels stronger.
1H - Bears have managed to break below the pivot point + 1H EMA. The 1H candle that closed at 6am, wicked down to the pink uptrend line and there was a strong reaction (long lower candle wick) alluding to the validity of this uptrend line.
Interest area's:
1. One buy area of confluence marked in green highlight - 4H EMA + D EMA (at that time) + D 0.382 buy fib level
As the day progressed:
Bulls managed to push up and break the pivot point upwards.
The candle that broke the pivot closed right on the 30min EMA. When Nas is very bullish or bearish, the 30min EMA will act / be respected as dynamic support and resistance.
Hence, I didn't want to enter my buy right at this level. I waited to see what price action would reveal.
Looking at the 15min TF you can see a small price retracement to the pivot point (red candle at C.), a doji right at the pivot point and a green candle pushing up and away from the pivot and closing higher .
It was at this point that I entered on a full position size, as I deemed my risk low because I had waited for the break and re-test:
Entered a buy at the hand icon - Confirmations:
1. Market pattern - 30 min DB with neckline broken upwards and re-tested
2. S&R - pivot point + 1H EMA acting as dynamic support
3. Trend - Buy is in the overall bullish direction of the recent market and temporary orange downtrend line broken upwards. Price also rejecting and moving away from temporary down trend blue line
4. Fib -
5. Candlesticks - bullish engulfing candle to the left of C. on the 1H TF + previous long wick candle rejecting the D sell 0.618 fib.
Mental SL placed at the thick pink line, so that the pivot point the 1H EMA and bulls rejecting the 4H neckline could possibly protect my buy.
Price action was a bit choppy, but I held my position open as price was making higher highs and higher lows on the 1H TF. Price gradually trending upwards along the 1H EMA.
Then news came out at 15h00 and price fell through the floor.
JOLTS Job Openings is not really a "high impact" news event for Nasdaq like the CPI and NFP is. So this was a surprisingly volatile move, indicating how sensitive traders are to economic news that would affect Fed decisions regarding rate cuts.
For me, up until the news, Nas was showing really good bullish price action. And then price just fell through the floor.
I closed my biggest position at 1'150 pips loss (as I usually don't like to take losses of more than 1'000 pips a day). My smaller position size, I hesitated to close and took a loss of 2'411 pips! WHAT THE HELL!!!
This was the fist time in a long time that I hesitated to close and it cost me badly, my emotions really got in the way here.
Then, as per my strategy, when price reached my interest area, I moved down to the 5min TF and entered a buy when price made a DB on the 5min TF at the lower hand icon..
But that was a false signal i.e. a small bounce off a strong reversal zone, but price ultimately tanked further and I closed at 1'126 pips loss.
What a freakin disaster....I basically took a 2'927 pips loss today (if I smooth the effect of position sizing).
Part of this loss is due to variance and part of it is due to my own fault.
There is no way I could have projected that Nas would fall through the floor on this news event and I don't regret my entry as I do believe my entry is correct for my bias and I did wait for the break and re-test.
My mistake was that I hesitated to close and took a bigger loss than I should have.
I also should not have entered again if I had already taken such a huge loss for the day. My strategy is to be out for the day if I make a 1000 pip loss.
So it was a bit of a disaster.
Nasdaq (and mostly myself) DESTROYED me today!
After this devastation to my trading account, I think I will sit the rest of the week out, as tomorrow market are closed in national mourning and then Friday is NFP which I don't trade anyway.
I need market to be as "normal" as possible because now I have my work cut out for me to slowly make up these losses. I will need to look for good quality entries and limit my risk.
Losses are normal in trading and these will be faced by every trader. But the biggest damage a trader can do to his progress is to have uncontrolled losses and let losses get bigger than they should.
It has been many months since I made this error, so I am making progress, but one bad day can cause serious damage.
Limiting losses is more important than making money. If you don't have this skill you will never be profitable over the long run - I was reminded of this valuable lesson today.
Hope you had a better day than me!
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
GBPUSD Analysis: Bullish Breakout from Falling WedgEThe forex pair GBPUSD is currently trading at 1.25600, with a target price set at 1.28000, indicating a potential gain of over 200 pips. The price action showcases a falling wedge pattern, a bullish reversal formation, which has already broken out to the upside. This breakout confirms a shift in momentum, aligning with the bullish prediction made in prior analysis. Falling wedges typically suggest decreasing bearish pressure, paving the way for buyers to dominate. The breakout signifies a strong upward move, reinforcing confidence in the target price. Traders may see this as an opportunity to capitalize on the bullish trend. However, market conditions, such as economic data or geopolitical events, should still be monitored. Proper risk management remains essential to mitigate potential losses. This setup highlights the importance of technical analysis in identifying profitable trading opportunities.
Tuesday: Make Your Day a Payday with NASDAQ 25.01.07Hello, this is Greedy All-Day.
Today’s analysis focuses on the NASDAQ.
Monday Trading Results
Buy Signals: The green boxes marked the buy entry zones for Monday’s session.
Sell Signals: No sell entries were triggered, so there is no commentary for sell trades.
Outcome: Both the first and second buy entries were activated, and all targets were achieved.
Profit: The price moved a total of 321 points, resulting in approximately $6,400 in profit per contract.
How Should We Approach Today’s Market?
Looking at the daily chart, the price appears to have entered the supply zone within the green box range, which spans 21619 to 21896.
While Monday’s bullish candle demonstrated strength, the upper wick formed during the U.S. session's close indicates that bullish momentum was met with selling pressure. This leaves a less-than-ideal setup for the bulls.
The trend is likely to continue in the direction of the breakout from this supply zone.
Today’s Trading Strategy
Buy Perspective:
Entry Trigger: A breakout above both the resistance trendline and Monday’s high at 21897 is recommended for a conservative buy entry.
Target Levels:
First resistance: The yellow box, which contains the purple resistance trendline.
Beyond this, the maximum target lies at 22111.
Scenario Analysis for Bulls:
Should the price rally, the green box zones (previous lows) will form a double bottom structure, providing a strong foundation for continued upside.
A breakout above 22111 would confirm a larger double bottom pattern, potentially paving the way for a rally toward previous highs or even new all-time highs.
Sell Perspective:
Entry Trigger: A break below the ascending trendline and Monday’s corrective low at 21619 serves as the sell signal.
Target Levels:
Maximum target: 21520
Beyond this, further downside is possible; however, key support zones are unclear due to differing stair-step patterns during recent rallies and corrections.
Conclusion
The NASDAQ is at a critical juncture, balancing between bullish potential and bearish risks:
For Buyers: Watch for a breakout above 21897 for potential upside to 22111 and beyond.
For Sellers: Monitor a breakdown below 21619, with 21520 as the initial target.
Be prepared for both scenarios, as the market continues to provide dynamic opportunities. Let’s stay sharp and trade wisely. 🚀