NAS100 I Break of daily support level 19,467Welcome back! Let me know your thoughts in the comments!
** NAS100 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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NASDAQ 100 CFD
NASDAQ Is Approaching an Important SupportHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 19500 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 19500 support and resistance area.
Trade safe, Joe.
Nasdaq 100 Breaks Trend Line, Long-Term Uptrend IntactNDX is bouncing back off its rising 50-day MA following last week’s big swoon. While last week’s break of bullish trend line support is significant, the longer-term uptrend remains intact, with the 50-day EMA and 200-day SMA still rising at a solid rate.
If the earnings results in the coming weeks (starting with Alphabet and Tesla after the bell) are able to meet or beat expectations, the tech-heavy index could regain the 20K handle and potentially retest the record high near 20,700 in short order. However, if weak earnings reports start to accumulate and the index is unable to recapture the 20K level, it could set the stage for a continuation down toward levels of previous-resistance-turned-support at 18,900 and 18,400 as we move through the dog days of summer.
-MW
NASDAQ - UniverseMetta - Analysis#NASDAQ - UniverseMetta - Analysis
The price from the impulse was able to correct by 6% from the ATH, which could potentially lead to the beginning of growth through a 3-wave structure.
There is a fixation behind the trend line, with minimal risks you can try to buy with a short stop for a fractal. Next, we wait for the formation of a 3-wave structure and increase purchases. Goals for updating ATH.
Target 19960 - 21570
Nasdaq Thoughts 23-07-2024Hello 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 Intraday Review - Tuesday 22 July 2024I 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 +- 6am GMT (1am EST)
Economic news - None
News - None today but tomorrow is Alphabet and Tesla Earnings
Directional bias -
Today I am not sure what my directional bias is, because, for me, market is at a turning point.
Today I have decided to go with what the candles are telling me.
My view is that price has broken a significant Weekly support zone (marked in the thick lime green line).
I feel price will try to reach back up to re-test this area (i.e. to determine if support has turned to resistance).
If bears hold strong then price will fall significantly and if bulls can push through this zone back upwards, then we may see bulls retracing and testing the larger TF D sell fib levels.
I am surprised by the power and suddenness that bears stepped into the market. They didn't even allow bulls to retest the neckline of the D market pattern (DT), so I am really "feeling" the bearish pressure.
My plan for a buy is to enter on a DB, after a re-test of the neckline (roughly marked by the blue "W")
My plan for a sell is to enter on the break of a neckline downwards of a DT (roughly marked by the purple "M").
I am going for a month vacation starting Thursday. So I only have three days of trading left and I really want to bang out a nice profit before the holiday.
During analysis noted the following:
M TF - Candle has turned red at time of writing this morning (but still forming) - wick is 10'200 pips long. Shows unbelievable bearish sentiment currently in the market.
W TF - Significant resistance level was broken down last week (marked by lime green line). This level held down 2 x week candles marked with Z. and Y.( with long wick sticking out the top). Now bears have sliced through this zone, like a hot knife through butter. The fact that this zone did not turn into support, calling more bulls to step in, indicates that bears are completely over powering the bulls. I would expect bulls to push up back to this zone to re-test (this is the break and re-test principle that Nasdaq respects most of the time). If bulls fail to push up past this lime green zone, then I foresee that market will drop significantly. The only obstacles in bears way will be the M-0.382 buy fib level and the earnings news tomorrow.
D TF - D support + D 50 EMA did hold strong. Price seems to be consolidating at this zone.
4H & 1H - Formation of a falling wedge market pattern - these tend to break upwards but can break in either direction. But in whichever way price breaks, the market pattern is about 2'600 pips in height and so we can set a profit target of the same i.e. once broken we can expect price to move 2'600 pips
Entered a buy at the hand icon - Conformations:
1. Fib - a buy fib drawn from swing low at A. to swing high at B. (the highest swing high at that point in the morning), indicated that price had reached down to the 0.618 fib level marked at C. This is a strong retracement level.
2. Trend - buy is in the same direction as the overall trend of Nasdaq i.e. the week and month TF. Also a temporary uptrend line marked in pink had formed.
3. Candles - we see long wick candle reaching down to the 0.618 buy fib level, and long wick candles reaching down to the pivot point. This indicates that bulls are strong stepping in at these zones to push price high.
4. Market pattern - we have a break of the neckline upwards at the hand icon and a break of the orange down trend line which has proved to be very strong and holding price down FIVE occasions (at D. E. F. G. and B.)
Also we have a break of the falling wedge pattern upwards
5. S&R - Day pivot point was acting as support.
I entered my buys gradually as I felt (on the smaller TF's) that the retest of the temporary downtrend orange line was held successfully by bulls.
Mental stop was placed at the pivot point. If candles started closing below this point then my buy would be invalidated.
Priced moved up well and I decided to close half when there was a strong push down by bears from the 4H EMA. This could really have been a turning point and it was also TP1 on the 1H buy fib.
For the remaining half, I secured at entry and I was really hoping that price would stay above my entry and that possibly market would shoot up on earnings news tomorrow and I would cash in!
But unfortunately, Nasdaq spiked me out and I was out at entry. If I had been at my computer, I would have re-entered because there was a nice little DB right on the pink trend line on the 5min TF.
Nonetheless, I still bagged about 1'000 pips.
A bit sad about my other half position :(
Hope you had a great day!
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
US100/USTECH/NAS100 Market Robbery Plan to make and take moneyMy Dear Robbers / Traders,
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NAS100USD ( TRADING ABOVE DEMAND ZONE ) ( 4H )NAS100USD
HELLO TRADERS
Tendency , the price is under bullish pressure until trade above demand zone .
TURNING LEVEL : the price of turning level around 19,532 , indicates the price trade above this level reach a resistance level , but if breaking this level reach a support level .
RESISTANCE LEVEL (1) : around 20,078 , for reach this level will be stabilizing above turning level .
RESISTANCE LEVEL (2) : around 20,383, for reach this level will be above resistance level (1)
SUPPORT LEVEL (1) : support level at19,227 , for reach this level will be breaking and stabilizing below turning level .
SUPPORT LEVEL (2) : support level at 18,954 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : the price retest 19,532 , before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 2,420$ , 2,442$ .
SUPPORT LEVEL ; 2,365$ , 2,337$ .
Nasdaq Nears Critical 19,845 Resistance: Potential Breakout or..Technical Analysis: Imminent Retest of 19,845 for Nasdaq
Nasdaq Nears Critical 19,845 Resistance: Potential Breakout or Bearish Turn?
Next Outlook:
The Nasdaq is approaching 19,845, a key resistance level. A successful break above this level would target 20,085. Conversely, sustained trading below 19,525 could signal the start of a bearish trend.
Bullish Scenario:
If the Nasdaq maintains stability above 19,625, it is likely to test 19,845. A break above 19,845 would open the path to 20,085.
Bearish Scenario:
To confirm a downtrend, the Nasdaq must break below both 19,625 and 19,525, with a potential decline extending to 19,100.
Key Levels:
- Pivot Line: 19,625
- Resistance Levels: 19,845, 20,085, 20,385
- Support Levels: 19,530, 19,100, 18,930
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19,100 and the resistance at 20,085.
NAS100 I Potential long from support Welcome back! Let me know your thoughts in the comments!
** NAS100 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
NASDAQ 15-Minute ChartThe bleu highlighted area at the top indicates a supply zone where the price has repeatedly failed to break higher.
This suggests strong selling pressure at this level.
The recent price action shows a potential bearish trend.
Given the repeated failure to break above the supply zone and the projected downward movement, market sentiment appears bearish for NASDAQ in the short term.
Consider entering a short position around the current price level or upon confirmation of a downward move from the resistance zone.
Targets would be the support levels at 19698.53.
Ensure proper risk management by sizing the position appropriately and setting stop losses.
Nasdaq Intraday Review - Thursday 18 July 2024I 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 +- 6am GMT (1am EST)
Economic news - Initial Jobless Claims @ 13h30
News - Netflix Earnings
Directional bias - BUY
My trading journal didn't save all my detailed morning analysis text (#irritating) :(
So to repeat, short and sweet....
I kept my bias today as a BUY because I was of the opinion that market would retrace and test the neckline area of D market pattern.
Reason for this opinion:
1. Day DT Profit target reached (market pattern completed)
2. Seller's TP2 reached
3. The lime green thick line is a strong resistance level on the W TF and if price breaks this support, then we are in for another big drop as indicated by the purple arrow.
So I felt like price would retrace, all the way up to the sell fib levels.
I entered buy's twice, based on DB's forming and breaking necklines upwards + temporary downtrend lines broken.
Mental SL was placed at the thick pink lines.
On both occasions price moved more than 250 pips away from my entry and I was able to secure my trade at entry.
Got taken out twice at entry as price moved back down and then I lost faith that bulls could overpower the bears to at least force a deep retracement today.
So no pips for me today.
Hope you had a better day!
Catch ya tomorrow! :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
NASDAQ Faces Volatility Amid NVIDIA and Geopolitical Tensions Technical Analysis: Impact of Earnings Season and NVIDIA Situation on NASDAQ
Next Outlook:
The NASDAQ may break its barrier and stabilize below it due to the adverse situation with NVIDIA and prevailing geopolitical tensions. This makes the trend in this area particularly sensitive.
Bullish Scenario:
For a bullish trend to emerge, the price needs to break above 20,085, targeting a move towards 20,385.
Bearish Scenario:
As long as the price trades below 20,085, it is expected to consolidate between 19,845 and 20,085. A break below 19,845 could lead to a drop towards 19,625 and 19,530.
Key Levels:
- Pivot Line: 19,845
- Resistance Levels: 20,085, 20,385, 20,540
- Support Levels: 19,625, 19,530, 19,100
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19,530 and the resistance at 20,385.
NAS100 Technical Analysis and Trade Idea👉🔍 In this video, we analyze the NAS100. It's evident that US100 has been showing bearish momentum in recent times. However, I anticipate a retracement as it has traded into a key support level. My strategy involves monitoring the 5m chart for signs of sideways movement and a potential reversal, which could present a scalp/day trade buying opportunity targeting the previous bearish imbalance.
It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
NASDAQ THOUGHTS 18-JUL-2024Hello everyone! Please find my NASDAQ analysis for today below. As a price action trader, I encourage you to compare your charts with mine and use my insights to enhance your skills. Please note that these videos are meant for educational purposes only and should not be considered as trading signals. My goal is to help you learn and become a proficient trader.
NASDAQ Strong Bullish MomentumHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 20200 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 20200 support and resistance area.
We would also like to consider the current bearish bias on stocks, due to the negative correlation NASDAQ can benefit from that.
Trade safe, Joe.
Nasdaq 100 Breaks Trend Line, Threatens 20KThe Nasdaq 100 has come under pressure in recent days, dragged down by the same Big Tech stocks that had boosted it in recent years.
The index has now broken below its near-term bullish trend line and is now pressing against previous-resistance-turned-support near $20K. A drop below that key horizontal level could expose the 50-day MA in the mid-19Ks next.
-MW
NASDAQ / Potential Direction During Earnings Season NASDAQ Analysis: Potential Direction During Earnings Season
The NASDAQ recently broke out from an ascending trend line but has since reversed. Given the earnings season, we can anticipate increased volatility as companies report their quarterly results, which will significantly influence market direction.
Bullish Scenario:
If the price can stabilize above the pivot line at 20,080, we could see a move towards the resistance levels at 20,385 and 20,725. Sustained stability above 20,800 might drive the index higher towards 21,000.
Bearish Scenario:
If the price fails to hold above the pivot line and stabilizes below 20,086, it could signal a bearish trend. A close below this level, especially on a 4-hour candle, may drive the index down to the support levels at 19,845 and potentially further to 19,625.
Key Levels:
- Pivot Line: 20080
- Resistance Levels: 20385, 20724, 20800
- Support Levels: 19845, 19625, 19530
Earnings Season Impact:
Given that we are in the earnings season, the market reaction to company reports will play a crucial role. Positive earnings surprises could push the index higher, while disappointing results could lead to a sell-off. Keep an eye on major earnings announcements and guidance for the upcoming quarters, as these will be key drivers for the market's next direction.
NASDAQ - UniverseMetta - Analysis#NASDAQ - UniverseMetta - Analysis
Continuation of the trend, an ABC structure may form and allow the price to continue its momentum towards the level of 21000. In order not to increase the risks, it is better to consider the exit when fixing behind the lower trend line - the support level. When fixing, there may be a strong correction, then it will be necessary to understand the structure in order decisions. Globally, targets may be at the level of 21750.
Target 20415 - 21750
Nasdaq Intraday Review - Tuesday 17 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my pre day review and analysis in case it can help you!
Did my analysis at +- 6am GMT (1am EST)
Economic news - None
News - None for today - tomorrow is Netflix earnings
Directional bias - Starting to look Bearish?!
During analysis noted the following:
M - Still looking bullish, but long wick beginning to form. Wick is 4'330 pips at time of writing, body of the M candle is 5'900 pips
W - On the W TF you can see weakness in the candles. Last week's candle closed with a very long wick red doji candle. This week's candle is still forming but the weakness is evident, with price struggling to stay above the last 2 week's highest closing points - strong resistance forming on the W TF. The way that this week's candle will close will be very telling because price could just be stalling and then continue to move up (especially during earnings season), or this could be the beginning of a reversal.
D - The large red candle on the 11 July can be seen as a retracement. Price moved down to the W - 0.50 fib level and then moved up again. However, now one can see that a DT may be taking shape on the D TF. A potential neckline is visible and once price breaks below that point on the D TF (i.e. a D candle closes below the neckline), we may be in for a large move down because the profit target of the DT is +- 4'700 pips away. Yesterday's D candle closed as a hanging man candle.
Hanging man candle is a bearish reversal candle and indicates:
- sellers are beginning to outnumber the buyers
- the long bottom wick shows that sellers are pushing lower but the buyers could only push up near the candle open, meaning that there are not enough buyers left to provide the necessary momentum to keep price rising.
Today, in the early morning hours, we see more bears entering the market and pushing price down (at time of writing)
4H -
Trend line - a down trend is forming between B. and C. - two touches to a trend line forms the trend line. Three touches to a trend line, confirms the trend. So if you draw trend lines to wicks a trend has formed. If you draw trend lines to candle bodies (i.e. disregard the wicks and draw a trend line touching the thick part of the candle as per the yellow trend line) you will have three touches to the trend line. So I interpret this to mean that a strong temporary down trend is formed and confirmed.
Sell fibs - one can also see that the sell fibs are becoming stronger and the bulls are unable to break these zones, even after many attempts.
The 4H 0.618 sell fib kept price down on 3 attempts
The 4H 0.50 sell fib kept price down on FIVE attempts. Hence why bulls are losing momentum, they keep pushing up but bears are successfully keeping bulls down at lower and lower price levels.
S&R - yesterday price has been unable to break above and away the pivot point and today (at time of writing) the pivot point has already acted as a strong resistance (as indicated by the 2 x dice icons)
Buy fibs - buy fibs are unable to give price the momentum to move up and we can see that the D - 0.382 buy fib + D - 0.50 buy fib has been breached. This is telling because the D fib levels are strong (marked in blue).
So after this analysis, it seems my directional bias as a BUY is under threat.
I know that if I don't have my directional bias correct, then big losses are guaranteed.
I may wait today to see how the D candle closes in relation to the D market pattern that is forming (DT) and see if bears are strong enough to break the neckline down. Up until then we still have a W 0.382 buy fib level + D EMA that needs to be breached by bears and perhaps these levels are strong enough to call in more bulls.
As Trading View always says, there are three things you can do as a trader....buy, sell or wait. And I think today I might wait.
Have a great trading day!
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss