Nasdaq ThoughtsGOOD 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.
NASDAQ 100 CFD
Nas100 is pressing for a breakFollowing the higher low formation on September 9th, the NAS100 successfully broke back above the key 19,500 confluence resistance.
The price is showing strong support on dips, and it is currently pushing toward breaking the critical 20,000 milestone.
A confirmed break above this level could pave the way for new all-time highs, with the next major resistance around the previous ATH zone at 20,700
NAS100 is going higher The NAS100 is surging, riding the wave of bullish momentum as tech giants drive the index higher. Fueled by strong earnings, innovation (mostly AI related).
It is breaking through resistance levels and hitting new highs. With market sentiment on fire and the rally showing no signs of slowing down.
NAS100 H4 | Approaching overlap supportNAS100 is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 19,782.62 which is an overlap support.
Stop loss is at 19,600.00 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level.
Take profit is at 20,186.17 which is a pullback resistance.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
2024-09-25 Nasdaq / Nas100Hello, this is ViViD.
Let’s proceed with today’s NASDAQ analysis.
First, let's review yesterday’s NASDAQ analysis results. I mentioned that if a breakout occurs above the resistance trendline, there could be a buying opportunity. If you entered at the yellow box area after the breakout, you could have made around $50 in profit, which equates to approximately $1,000 profit per lot. Additionally, a selling entry point was also reached. Based on the entry point, around $70 profit per lot was made, equivalent to about $1,400 per lot. The total profit for yesterday was approximately $2,400 per lot.
Here is the daily chart of NASDAQ. Yesterday, NASDAQ slightly broke the previous high before dropping back down, changing its pattern from a pennant to a rising wedge. Although the buying pressure on the daily chart is strong, if it fails to break out with strong momentum, it is likely that the pattern will complete and a reversal could occur.
This is today’s trading strategy. First, let's examine the sell perspective. If the price breaks below the rising trendline and the yellow box at the price level of 20,050.75, I recommend entering a short position. Breaking below the rising trendline and the short-term bounce zone in the red box could signal a drop to the lower end of NASDAQ’s trading range. In this case, the price could potentially drop to yesterday’s low around 19,956. If we consider the two blue boxes, yesterday’s low was slightly lower, but there was a strong rebound in that area, suggesting that support around 19,956 remains strong. Therefore, the target for the sell position would be near 19,956. Even if the market sees stronger selling pressure, support from the green box on the left needs to be broken before considering a move down to the purple box. My strategy is to target the 19,956 area for the initial sell, and if the market breaks below the green box, I would re-enter the sell trade and aim for the purple box.
Now, for the buy perspective. In the case of buying, both a breakout of the resistance trendline and a breakout above the yellow box, which is around the 20,143 price level, should occur simultaneously to signal a trend reversal to the upside. The target for the buy would be around 20,190, which is conservative because the resistance between the 20,415–20,250 range is quite strong. It’s important to secure profits cautiously.
There are no major economic indicators scheduled for release today. Therefore, the market might remain steady, following the flow from the European session. If the market moves in one direction, the trend may persist until the end of the session. Have a successful trading day.
- ViViD -
Nasdaq Thoughts 25-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.
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NASDAQ - UniverseMetta - Analysis#NASDAQ - UniverseMetta - Analysis
Formation of a triangular structure in continuation of the upward movement, you can also observe the fixation of the price behind the trend line. in the ratio of this figure, you can consider the price movement to the levels of 26550, with a small stop on the idea of 1:4. Local level, updating the maximum.
Target: 20787 - 26550
Nasdaq Thoughts 24-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.
2024-09-24 Nasdaq / Nas100Hello, this is ViViD. Here is today’s Nasdaq analysis.
This is the daily Nasdaq chart. As I mentioned in yesterday’s analysis, for further upward movement to happen, the price needs to break above the resistance level of the supply zone. This would allow for potential entry from a buying perspective. However, the price movement has been sideways due to the supply zone's resistance, which hasn't yet determined a clear direction.
As we can see in the daily chart, the current pattern shows a pennant pattern, which could indicate a consolidation to the right before a potential continuation of the upward trend. On the contrary, it could also signify a peak, leading to a decline after breaking below the support level.
In the Asian session, we observed a break of the upward trend line. You can see the breakdown in the blue box. However, the rebound zone after the break is noteworthy. The white trend line indicates that the price is making slightly higher lows, establishing a form of support.
Thus, Nasdaq seems to be defending this zone. The key to focus on is whether the white short-term support line holds. The main takeaway is that while the trend is making higher lows and defending the price, the most critical point for a selling perspective is the break below the white support line at the lowest level of 20016.25.
Now, for a buying perspective: The optimal entry point seems to be when the price breaks above the blue box zone, which corresponds to breaking both the price level and the resistance trend line. The reason 20127 is significant is that the white box shows two instances of resistance at this level, making a breakout here critical.
Once the price breaks through, the targets would be at 20164, 20204, and 20264, with additional resistances along the way. However, this breakout could signal the pennant pattern's upward continuation, stabilizing the long-term trend for further upward momentum.
Today, we have the CB Consumer Confidence data, so be cautious of any sharp market changes after the announcement. I hope you have a profitable day!
- ViViD -
24-09-23 nasdaqHello, this is Vivid.
Here’s today’s analysis of the Nasdaq.
Looking at the daily chart of the Nasdaq, it is currently supported by the 20-period and 60-period moving averages. The resistance at the high point of the blue box on the left side of the chart, at 20251.50, appears to be relatively strong. This area was a turning point, and I expect a retest of the high or a breakout, but just because the market trend is upward doesn't necessarily mean it will break through; it could also face resistance. If a breakout occurs, depending on the nature of the movement, there is a high possibility of further upward movement, with the next major resistance at 20410. In this case, we need to observe the candles within the green box, as a large bearish candle had its upper wick reach 20410, indicating it may not easily break through.
For a short-term trading strategy from a buying perspective on the 15-minute chart, if a breakout occurs, the breakthrough of the trendline is important. The current area of focus is the breakout of the red resistance line, marked with a blue box, with a short-term target set at the day's high of 20164. Additional entries would be made if today's high breaks upward. If 20164 is surpassed, the next target, confirmed by the previous week's high, would be around 20201, and if that breaks as well, it could potentially reach up to 20410.
This is the selling strategy for the day based on the 15-minute chart. Currently, we see a breakout from the upward trendline, which began on September 11. The Asian session today also showed a retest of this upward trend, and the subsequent decline established today’s low. Today’s low is 19955.25, and the entry for selling would be triggered simultaneously when we break below 19955.25 and the upward trendline. The target prices are set at 19860 and 19574, based on the lower end of the volume profile.
Please note that the S&P Global US Manufacturing PMI will be announced 15 minutes after the market opens, so keep that in mind while trading.
-ViViD-
Important Support and Resistance Points: 19582.6
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To summarize the explanation below,
The current strength to maintain the uptrend is weakening.
Therefore, the key is whether it can receive support and rise near 19582.6.
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(1W chart)
A new week has begun.
The key is whether it can receive support and continue the uptrend near 19582.6.
1. Check if ADX can rise above 25
2. Check if OBV can rise above the High Line
3. Check if StochRSI enters the overbought zone
4. Check if BW can touch the highest point (100)
If 1 and 2 are satisfied, the upward trend is expected to continue.
If 3 and 4 are satisfied, the high point zone is expected to be formed.
It does not immediately fall when the high point zone is formed,
- Check if ADX shows a downward trend or falls below 25
- Check if OBV falls below the High Line or shows a downward trend
When the above two conditions are satisfied, the decline is likely to begin.
At this time, the important thing to look at is whether there is support near 19582.6.
If it falls below 19582.6, it is likely to fall to around 17854.8.
The Fibonacci ratio shown on the left side of the chart is drawn in the first rising wave.
The Fibonacci ratio shown on the right side of the chart is drawn in the second rising wave.
Therefore, if it touches the Fibonacci ratio 1 (21137.6) on the right side, it is expected to pick up the trend again.
The second rising section is expected to be around the Fibonacci ratio 2.618 (23557.7) on the left side.
The long-term uptrend resumed on the week of March 13th as it broke through the M-Signal on the 1M chart.
Therefore, if it starts to fall, it is expected to show significant volatility by touching the M-Signal on the 1M chart.
Currently, the M-Signal on the 1M chart is rising around 17854.8.
-
(1D chart)
StochRSI has touched the 100 point.
Accordingly, it is expected that even if it rises, it will eventually show a downward trend.
If it rises above 19582.6, I think it is highly likely to touch around 20313.8 and fall.
If not, it will turn into a downward trend.
At this time, what you need to check is
1. Whether ADX rises above 25.
2. Whether OBV is maintained above the high line or below the low line and remains.
If the above 1 and 2 are not satisfied, there is a possibility of forming a box section.
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Sometimes, there are people who strangely say that indicators from coin charts are used in stock charts.
Most indicators on charts have been created and used in the stock market for a long time.
I hope you know that they can be applied to all investment markets.
-
Have a nice time.
Thank you.
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Mid-Week Market Report: Post-FOMC Results, Forecast UPDATES!Wednesday, Sept. 18, 2024
This video will cover the updates to the Weekly Forecasts videos posted last Saturday.
With the Fed deciding to cut the rates 50 basis points, there was some volatility injected into the markets, resulting our targets being achieve!
Also, we will forecast the SP500, NAS100, DJI, GOLD, SILVER, US & uk OIL markets! So watxh until the end of the video!
If you like the video, leave a like/boost. I appreciate your comments, as well. I respond to all of my viewers.
May profits be upon you.
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NASDAQ near the buyers' zone. H4 04.09.2024NASDAQ near the buyers' zone
The NASDAQ stock index is forming a correction and is approaching the strong zone of buyers 18293-18579 from which I expect its rebound upwards. So far the move down is within the correction and now the price is trading in the margin zone. But as for me, there is not enough downward manipulation and then we will look at the buyback volumes. If they appear, we will act.
NAS100 H4 | Uptrend to resume?NAS100 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 19,632.80 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 19,250.0 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 20,203.96 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Nasdaq Thoughts 20-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 Zone: 17496.82-17806.08
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If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
I published it as a NAS100USD chart, but this is the first time I published it as an IXIC chart.
The reason I published it as an IXIC chart is to check the gap location.
-
To summarize the content below a little more,
- The key is whether it can receive support near 17806.08 and rise above 18425.15.
- If it rises, it is expected to determine the trend again near 19189.16-19615.36.
- If it falls below 17806.08
1st: 17496.82
2nd: 16480.98-16574.39
3rd: 15491.66-15780.14
You need to check whether there is support near the 1st-3rd above.
- Since the StochRSI indicator is currently in the overbought zone, even if it continues to rise, it will eventually show a downward trend.
At this time, whether there is support near 17496.82-17806.08 is important.
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It is rising with a 2.32% gap increase.
It is expected that a full-scale uptrend will begin when it rises above 18425.15.
Therefore, the key is whether it can rise with support above 17806.08.
If it falls below 17806.08, it is likely to fall to around 17395.53.
-
It has risen above the left Fibonacci ratio 3.14 (17191.03) and is rising near the right Fibonacci ratio 0.886 (18171.81).
Therefore, if it rises above 18425.15, it is expected to determine the trend again near the right Fibonacci ratio 1 (19189.16) ~ left Fibonacci ratio 3.618 (19615.36).
-
However, since the StochRSI indicator is currently in the overbought zone, it appears to be forming a high point.
Whether this high will be a real high or a high to create a pull back pattern will depend on where it is supported.
Therefore, if it falls to the lowest point from the current price position, the key point is whether there is support near 17496.82.
However, as I mentioned earlier, the first support area is near 17806.08.
-
Have a nice time.
Thank you.
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