US30 buy after the violation of the wedge!US30 buy after the violation of the wedge.
Just like its related family member, US30 is showing bullish signs. The index has been in a correction the past days and it looks like the time to push up is getting closer. Currently the index is locked up in the wedge formation. I am waiting to see a violation of this pattern to the top for long opportunity. My target will be 34000 or closer to this considering the broker spread.
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NAS100 IDEA
Nas100signal
What to watch out for on NAS100 today during New York SessionWhat to watch out for on NAS100 today during New York Session.
Technically, the index is still in its consolidation state, trading within a wedge pattern. It is also trading above 38.2% fib level.
On 1 hour timeframe, RSI is below the bearish territory, suggesting that the index's momentum is to the downside. Not knowing where it would be headed from here I will look out for few of these confirmations for direction and perhaps entry:
I want to see a rejection and bounce up from the 38.2% fib level with a strong bullish candle closing above the 38.2% fib level on lower timeframe for long position with target at 12700.00 and 12900.
on the other hand, if 38.2% fib level gets violated to the bottom, I will be careful to wait for strong bearish momentum at least with a strong bearish candle closing below 38.2% fib level to go short with target at 12049.54.
Whatever the move will be, will wait, watch and prepared to capitalize on it.
Do your own analysis before pulling the trigger!
Like this idea if you find it helpful.
Trade smart and Big Love!
Emini S&P and US100These to go always hand and hand, note that.
Us100 got a FVG - which it did not rebalance yet. And S&P reacted nicely to a Bearish Order Block.
Take Note, it may come back up and than rally down to those relative equal lows on 1H TF on S&P.
NAS100 6/7/22Before london session begin we can identified liquidities above those lower high.
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Once 9:30 begin stocks market open Price reached FVG then start rally down.
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Overall i'm still looking at 12000 key level .
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
NAS100| Reason I am still bullish on itHello everyone,
Previously I discussed about NAS100 and mentioned of my bullish bias on it. Previously Nas100 printed a tiny wedge which developed into a bigger pattern later as we currently see. This pattern confirms the bullish bias and I will be waiting for more bullish confirmation for entries. It is more likely that NAS100 will reach 13500 in the few coming days.
I will appreciate your continuous support, your likes do really matters to me. If you have any question feel free to ask in the comment section below.
Big Love❤️ that NAS100 will reach 13500 in the few coming days.
Buy opportunity on Nas100!Trust you caught a sell entry and benefited a few pips from my previous analysis. If you followed congratulations.
Let's now look at the current market structure.
Price bounced up beautifully from a confluence zone of the rising trendline, 38.2% Fibonacci level and interestingly, price has printed a wedge (bullish continuation pattern). I expect price to rise if the wedge gets violated to the top side. For best entry, we should wait for the wedge to be completely violated. I will consider going long on this market with short term targets of 12856 and 13000 as shown on the chart.
🧅Read & Learn market structure NAS100I have decribed how the market move from my perspective .
before and after the newyork session begin.
unfortunately i can't publish 1m TF ,you guys can click the link on the chart to see it's in my private post.
Let's learn together
Good Luck Trader💯💯
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
Nas100 two possible scenarios from this key level!Nas100 broke above its falling channel that kept it in a strong downtrend since March 2022 closing above the 10th and 17th May highs. Ahead of it is the 12800 key level where I anticipate price to stop or make some reactions. A break above the 12800 or 13000 vicinity will expose the next resistance level at around 13570.00. If buyers hesitate to break the 12800-13000 key level, we could see price retracing lower and the nearby support is seen at 12000-12050.
I will watch for any possible trading opportunities in this market.
I will appreciate your continuous support, your likes do really matters to me. If you have any question feel free to ask in the comment section below.
Namaste❤️
NAS100 LongPair: NAS100
Side: Buying Model
Entry: 12550
Stop loss: 12029.50
Target : 13447.50
Risk Ratio: 1/5
(Bad News) Sell or LoseToday is gonna be a major day this week, see why:
Today we have the:
1) "Initial Jobless Claims" report (It's gonna be bad)
2) “Core Durable Goods Orders" Report
Thursday we have threatening reports too:
1) “The Federal Open Market Committee (FOMC) Meeting Minutes” (It's gonna be bad too)
2) “Gross Domestic Product (GDP)” (Not positive at all)
Conclusion: All these reports in these 2 days will drag the market down to probably 11,460$ if not lower.
🧅Read & Learn market structure NAS100I have decribed how the market move from my perspective .
before and after the newyork session begin.
Let's learn together
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
Nasdaq can correct towards 13kSince the beginning of 2022, Nas100 is in a downtrend, making lower highs and lower lows on our chart.
However, after breaking under 13k support, the lows are marginal and the last break under 12k seems to be a false one.
Friday the index closed the day with a Doji and now is trading back above 12k.
A correction could be in cards for Nas100 and I'm bullish as long as the recent low is intact
13k could be the bulls target and buy dips in search of a good R: R can be a good strategy
NAS100| Expect more selling pressure!Nas100 is still bearish. Last week, bulls failed to take the market higher, instead the market printed another lower high (as we can see that the market has already printed a series of lower highs and lower lows).
Nearby resistance is seen at around 12300, second resistance is seen at 13000. In case of a bullish move this coming week, buyers would have difficulties to violate the first resistance. On the other hand, bears continuing to dominate will send price lower and they would be eyeing 11000 as the first nearby support. Second support is seen at around 10690.00. I have a strong bearish bias and as long as price continues to trade below 12300.00 we can be certain that 11000 would be an easy target for sellers.
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NAS100 [US100] Daily Outlook | 19-MayMy plans on NAS100 today is simple and straight forward. After long bears yesterday, i expect price to be choppy today. With proper plans like what you see above, i can actually take advantage of that choppy move towards the nearest resistance.
I will update if anything happens.
Kings.
🧅Nas100 1:10 RR 1:10 RR on Nas100
1.price already reached 15m OB
2.price already reached Daily FVG
target at Last Low candle on Daily TF which is Daily FVG
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Good Luck Trader 💯💯
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
NAS100|Possibility of long term bullish reversal!NAS100 is showing signs of bullish reversal. The index is printing what seems to me as an inverse head and shoulders pattern. I am now anticipating a completion of the right shoulder formation. If price can be able to break the neckline and bulls defend 12500 psychological level, we could see the beginning of strong bullish momentum and it means we might begin to see change of trend. For this pattern to be valid, we have to wait for the neckline to be completely violated, and perhaps waiting for some further bullish confirmation on lower timeframe.
If you have any question feel free to ask in the comment section below.
I will continue to share ideas and updates of new developments, make sure to follow so you get notified of this new updates.
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Nas100 possible scenariosNas100 closed high on Friday with at least 6% from it is recent low of 11700. It's next resistance is seen at 12570. A break above this level will send price to the second resistance at around 12940. If bears defend 12570 we could see a push of price to the downside and the nearby support will be at around 12114.
Traders, please do support this idea with likes if you find this helpful.
All the best for the coming week.