Nasdaq, Assessing Bullish Continuation and Potential CorrectionsTechnical Analysis: Assessing Bullish Continuation and Potential Corrections
The price recorded a new all-time high, demonstrating strong bullish movement. However, some investors remain concerned about the sustainability of the equity rally, as gains have been driven primarily by megacap growth and technology stocks.
Today's Outlook:
The price is expected to move between 19,760 and 19,520 due to a strong supply zone.
Bullish Scenario:
To continue the bullish trend, the price should stabilize above 19,625 and target 19,760. Stability above 19,760 would suggest further gains this year. Generally, maintaining a position above 19,520 indicates an uptrend.
Bearish Scenario:
The price might touch 19,760 and then drop to correct down to 19,625 and then 19,520. To reach 19,100, a 1-hour candle must close below 19,520.
Key Levels:
- Pivot Line: 19,690
- Resistance Levels: 19,760, 19,820, 19,980
- Support Levels: 19,520, 19,250, 19,100
Today's Expected Range:
The price is expected to fluctuate between the support at 19,100 and the resistance at 19,625.
Tendency:
Downtrend correction
In summary, maintaining a position below 19,760 suggests a bearish outlook, targeting lower support levels. Conversely, breaking above this level could signal a return to the bullish trend.
NASDAQ 100 CFD
Nasdaq Eyes New Highs Amid Bullish MomentumTechnical Analysis: USNAS100
The price has reached the resistance line at 19,100, indicating a sustained bullish trend. If the price stabilizes above 19,100, it is expected to continue its bullish movement towards 19,440. However, a retest down to 18,940 is likely before the bullish trend resumes. A break below 18,930 on a 4-hour candle close would signal a bearish shift towards 18,820, leading to consolidation between 19,100 and 18,940.
Bullish Scenario:
For the bullish trend to persist, the price needs to break above 19,100, with potential targets at 19,250 and 19,450. As long as the price trades above 18,930, the bullish trend remains intact.
Bearish Scenario:
Stabilization below 18,930 would indicate a move towards 18,820. A further break below 18,820, confirmed by a 1-hour candle close, would signal a downtrend towards 18,600.
Key Levels:
- Pivot Line: 19,100
- Resistance Levels: 19200, 19300, 19450
- Support Levels: 18940, 18820, 18710
Today's Expected Range:
The price is expected to move between the support at 18,820 and the resistance at 19,450.
NASDAQ Next week expectation #NAS100 Next week..!
The price reaches the highest level. And this should be retested. Because 13th of June reaches this price and falls down to 19,479 level.
But in a low time frame still running between the Accending channels. But the movement is bearish Because 2 times it is tested with treeline.
However once the market opens if the current 4H candle end below 19670 can go for sell to 19352 level. And the buy area located at 18753 - 18933 according to 4H timeframe
*My trading plan. Trade at your own risk good luck
NAS100...Historically Bullish With Weekly Sell OpportunitiesNAS100 is and has continued to be a bullish instrument...what this means is that if you have entered on any LOW's on the bigger timeframes, you could have continued to hold forever and still be in profit despite the retracements on the smaller timeframes.
There have been great sells in recent times that have provided great profit opportunities, however that requires extreme skill and great patience.
While my bias is still towards the buy, I took a sell opportunity based on the fact that the price registered an all time high (ATH) on Friday June 7th, 2024)...This move will end with a HL on a timeframe bigger than the H1, hence creating another buy opportunity towards another ATH.
Friday's Sell entry was as follows:
Entry: 19105.3
TP: 18904.1
As always guys...I am not a signal service provider and there are trades that I will take an not post as time may not allow, so please do not look to me for guidance as to how I am entering or exiting...this is just for informational purposes only.
Important: NAS100 is always bullish, which means, I take Lows to Highs for buys and High to lows for sells.
Zig to Zag = Buys
Zag to Zig = Sells
#auberstrategy
#aubersystem
#whywewait
#zigzagtheory
#patience
You can check my video profile to see a visual explanation entitled "NAS100...The week Ahead 6/9 - 6/14/2024"
USNAS100 Bearish Trend Emerges After Bullish Targets ReachedTechnical Analysis Nasdaq
The price has reached all our bullish targets perfectly and now appears to be entering a bearish trend.
Today's Outlook:
The price has stabilized below the resistance line at 19,650, consolidating between 19,625 and 19,525.
Bullish Scenario:
To re-enter a bullish trend, the price must break above 19,625 and close a 4-hour candle above this level, potentially targeting 19,760.
Bearish Scenario:
As long as the price remains below 19,625, it is likely to drop towards 19,230. A 1-hour candle close below 19,525 would confirm the bearish trend, with further potential declines.
Key Levels:
- Pivot Line: 19,570
- Resistance Levels: 19,710, 19,820, 19,980
- Support Levels: 19,450, 19,230, 19,100
Today's Expected Range:
The price is expected to fluctuate between the support at 19,100 and the resistance at 19,625.
In summary, maintaining a position below 19,625 suggests a bearish outlook, targeting lower support levels. Conversely, breaking above this level could indicate a shift back to a bullish trend.
USNAS100 Stabilizes in Bullish Zone, Reaches New All-Time HighTechnical Analysis: NASDAQ
The price reached all our targets perfectly as mentioned yesterday.
Today's Outlook:
The price has stabilized in the bullish zone and achieved a new all-time high of 19,670. As long as the price remains above 19,570, the bullish trend is expected to continue.
Bullish Scenario:
As long as the price trades above 19,570, it is likely to continue the bullish trend, targeting 19,720 as the first bullish milestone.
Bearish Scenario:
A bearish trend will be activated if the price breaks below 19,570, potentially dropping to 19,450. A further break below this level could continue the trend towards 19,250 and 19,100.
Key Levels:
- Pivot Line: 19,570
- Resistance Levels: 19,710, 19,820, 19,980
- Support Levels: 19,450, 19,250, 19,100
Today's Expected Range:
The price is expected to fluctuate between the support at 19,230 and the resistance at 19,720.
In summary, maintaining a position above 19,570 supports a bullish outlook with higher resistance targets, while trading below this level suggests a bearish trend with lower support levels in focus.
Previous idea:
NASDAQ Breakout and Potential retraceHey Traders, in tomorrow's trading session we are monitoring NAS100 for a buying opportunity around 18,800 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 18,800 support and resistance area.
Trade safe, Joe.
(NASDAQ) CPI & Fed Rate: Key Drivers for Market Volatility TodayTechnical Analysis Nasdaq
The price reached the target we mentioned yesterday and has now achieved 19,250.
Today's Outlook:
Today, the market is expected to be volatile due to the CPI release and the Federal Reserve's rate decision. A CPI reading below 3.4% is likely to support an uptrend, while a reading above 3.4% could negatively impact the indices.
Bullish Scenario:
If the CPI is below 3.4%, as long as the price trades above 19,100 and 19,220, the bullish trend is expected to continue towards 19,450. It is possible that the price may retest 19,100 before resuming the bullish trend.
Bearish Scenario:
If the CPI is above 3.4%, stabilization below 19,100 would indicate a move towards 18,940. A further break below 18,940, confirmed by a 1-hour candle close, would signal a downtrend towards 18,810.
Key Levels:
- Pivot Line: 19,200
- Resistance Levels: 19450, 19570, 19720
- Support Levels: 19100, 18940, 18810
Today's Expected Range:
The price is expected to move between the support at 18,940 and the resistance at 19,570.
Our Previous Prediction:
QQQ still confined to the trading channel since 2010The blue trading channel has been a very reliable resistance since 2010. You can see the many times that it has confined price action, only being broken during the COVID bubble. My guess is that it will continue to be resistance. We will likely see a repeat of the action from 2015 and 2018 where price will slowly work sideways but ever so slightly higher with numerous pullbacks until we see a large pullback to the support side of the channel.
Here is what the action looks like on the 1D. You can really see the price trying to break out, but as we saw back in April, it ultimately lost and we had a nice pullback to buy into.
NASDAQ - Correction Due?Nasdaq is on a really impressive run, gaining over 80% in less than 2 years/
As with all good things, they must come to an end... for a short period of time atleast = correction.
This diagonal is a typical pattern for a reversal. Unlikely that we'll see a big reversal so it could be just a bearish correction for the next move higher. We have some structure levels present where we'll be reviewing what comes next once we reach them.
Trade Idea:
- Watch for signs of bearish reversal
- Our confirmation will be the break of the red trendline
- Once broken, enter with stops above the highs
- Targets: 17k, 14k, 11k
It's unlikely that we'll reach 11k so do actively manage your positions if entering shorts.
Goodluck and as always, trade safe!
DowJones (US30) Bearish patterns and signsIn this 1-hour chart of DowJones (US30), we observe a significant bearish pattern forming after the price action. The market hunted the highs of both the Asia and Euro sessions during the NY session, which typically signals a liquidity grab. This maneuver often leads to a swift reversal, as is evident by the price dropping back down after touching the resistance zone.
The index has broken down from a rising wedge pattern, a bearish reversal signal. This suggests that after the false breakout to the upside, the DowJones is poised for a considerable decline. Traders should anticipate further bearish momentum, potentially leading the index down to lower levels. The break below the wedge confirms that the upward momentum has weakened, and sellers are likely to dominate, pushing the price down further.
Keep an eye on support levels for any potential slowdowns, but the overall trend appears to be bearish for the immediate future.
NAS100 FORECAST
Overview:
- Current Price: 19019, slightly down by 0.11% (-20.2 points).
- Price Action: The index has been in an uptrend since early May, with a recent consolidation phase.
Key Observations:
1. Trend:
- The overall trend is bullish, with higher highs and higher lows forming since early May.
- There was a significant upward movement around mid-May, followed by a correction and another upward push in early June.
2. Recent Price Movement:
- After reaching a high around 19050, the price has pulled back slightly and is currently consolidating just below this level.
- The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher.
3. Bearish and Bullish Levels:
- Resistance: The recent high around 19050 is acting as a resistance level. A breakout above this level could signal further bullish momentum.
- Support: The previous swing low around 18600 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction.
4. Volume and Volatility:
- The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move.
Potential Scenarios:
1. Bullish Scenario:
- If the price breaks above the resistance at 19050 with strong momentum and volume, it could continue the uptrend, targeting new highs.
- In this case, the next psychological levels to watch would be around 19100 and 19200.
2. Bearish Scenario:
- If the price fails to break the resistance and falls below the recent consolidation low around 18900, it could signal the start of a correction.
- In this scenario, the next support levels to watch would be around 18700 and 18600.
3. Sideways Movement:
- The price could continue to consolidate between 18900 and 19050, indicating indecision in the market.
- Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move.
Conclusion:
The US NASDAQ 100 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 19050 could continue the uptrend, while a breakdown below 18900 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves.
Nasdaq 100 H4 | Potential bullish bounce?The Nasdaq 100 (NAS100) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 18,938.13 which is an overlap support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 18,670.00 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 19,232.64 which is a level that aligns with the 61.8% Fibonacci projection level.
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