Do not miss this sell opportunity on Nas100As I mentioned in my previous idea that we could expect a breakout to the upside of the resistance of the rising channel and it did. For me this can be a fake breakout and I expect price to drop for a healthy correction down to at least 15700.00 to test the September 2021 high.
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Nas100signal
Nas100 Entries + ExitsThe ENTRY/TP zones are your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how to play it:
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
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NAS100USDThe NASDAQ 100 has rallied rather significantly during the course of the trading session to break above the top of a couple of shooting stars, which had formed on both Tuesday and Wednesday. This is a major breakout of resistance, and therefore I think we have much further to go. Now that we have made that move, it is very likely that the NASDAQ 100 will continue to see plenty of upward pressure. After all, the main drivers of the NASDAQ 100 are all of the “Wall Street darlings” that everybody else buys. In other words, think of Facebook, Amazon, and Facebook. All things been equal, this is a market that has been in a bullish run for quite some time, and I just do not see an opportunity to short it anytime soon. The 50 day EMA underneath should continue to offer plenty of support, as it sits at the $15,135 level. Below there, then the market is likely to see the 14,500 level as the absolute floor in the market, so therefore you simply cannot short this market anytime soon. After all, we are in an uptrend and have been for what seems like a lifetime, and I just do not see how that changes in the near future. Ultimately, if we do break down below the 14,500 level, I might be a buyer of puts but that is as aggressive as I get to the downside in US indices.
To the upside, the 16,000 level is the most obvious target but at the end of the day I do not know that it is really that big of a deal to suggest that as it is not that far away from here. In fact, it is a mere 270 points or so. The market will continue to be very volatile, but as we rip through earnings season, the very likely that we will continue to see plenty of buyers out there, as this is a market that favors the upside quite drastically, and therefore I do not think we are looking at a scenario that suggests anything other than a “buy on the dips” type of attitude, which is what we have been the case going back at least 13 years to the Great Financial Crisis. I do believe that ultimately will the NASDAQ 100 will not only at 16,000 above, but it will continue to go even higher than that.
Nas100 is targeting the August/September highFor sure Nas100 is headed to the Resistance of the rising channel but before it reaches there here is what we can expect.
🔍 Technical expectations:
🔹Currently Nas100 is forming a broadening wedge which is about to be completed to the top.
🔹A break to the top of the wedge will push price to the August/September 2021 high where price will consolidate for a while or pushed a bit down for a slight correction.
🔹A complete violation of August/September high will set Nas100 for a new record high which of course will send price to the Resistance of the channel.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me so that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below 👍
Many wishes and trade smart!
Nas100 is on a critical level more bull power is neededNasdaq100 is on a critical level. 15400 have to be violated completely to the upside for further gain.
🔍 Two scenarios expectations:
🔹A successful violation of 15400-15450 will send price higher and the next stop will be the September 2021 high.
🔹On the other hand, bears pushing price below 15300.00 will send price down closer to 15000 which is the 50% Fibonacci level.
🔹The violation of 15400 for a further bull run is more likely
🤗What do you think? Please comment below🤔
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keep buying/ Nas100 is bullish and here is whySlight corrections and even big corrections are part of the market, but never should we dismiss the fact that where the market tends to go it will reach and nobody can stop it, unless someone is Gorge Soros of our days. These are reasons why I believe Nas100 will continue to rise (refer to snapshot below):
1. After making a double bottom at around 14400 psychological level price quickly bounced up, breaking the neckline.
2. Before price reversed, bulls and bears battled, in a consolidation state, price formed a descending wedge, falling wedge whatever we can call it. This for me was a sign of trend reversal. Bears failed to violated the 14400.00 psychological level giving the battle to the bulls to take control.
3. Pull-backs can be expected but this is the battle that belongs to the bulls. I on my part I expect price to continue to rise just keeping in mind the trendline ahead of price where sellers might be defending price, but in overall Nas100 is bullish.
I wish everyone a great trading week.
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NASDAQ100 BUY IDEAHey tradomaniacs,
NASDAQ100:Daytrade-Preparation
Market-Sell: 14835
Stop-Loss: 14816
Point of Risk-Reduction: 14877
Take-Profit: 14991.00
Stop-Loss: 19 points (190) pips
Risk: 0,5% -1%
Risk-Reward: 8,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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NAS100 Bearish move coming to an end!The big question everyone has been asking is how much more will we NAS100, US30 & US500 keep selling. Something to note is that most indices were making corrections this last month. We are now approaching our channel support and I believe that we will start seeing more bulls coming on the market to take NAS100 to a new all time high. Please share your thoughts in the comments section below.
Don't buy prematurely. We should approach our support by next week. Only buy after the support has been met followed by a confirmation. Anything before that could be a false signal which may result in unforeseen circumstance. Remember to always trade funds you're comfortable losing.
Nasdaq- 14k in sightAs I expected and said in my last 2 Nas100 analyzes, the index has started its correction.
At this moment the price is under both neckline support of the H&S and horizontal support, and I expect continuation to the downside
My target is 14k and rallies towards 15k at this point should be considered good opportunities for bears for their entries
Nas100 third touch to the trendline- what should we expect?Hello traders,
Happy new week. To start off the week, my eyes are still set on the index, Nasdaq100. We see that it rallied so much last week and at the time of writing we see it trading at its 7 days maximum. In my previous analysis I stated that if bulls can be able to push price up violating the 15500 handle then it will be over for the bears. Meanwhile, if bears defend the 15500 handle, pushing price down to 15300-15200 then it will continue to drop down. The last support I am looking at is the Friday low at around 15200. Unless, the bulls strongly defend that low, we will expect another strong impulse to the downside towards 14700.
For sure bulls should be reminded of the strong down move that I market as 'Impulse X' that was triggered after price made a second touch to the trendline. Because of impulse X, I patiently wait for its shadow. Where the shadow will be, up or down will be determined if bulls and bears can be able to defend the levels I mentioned above. Otherwise my bias is still bearish, until 15500 is completely violated, where the 100 MA above price on 4 hour timeframe have to be violated to the top.
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Trade smart.
Nasdaq- Where to sell?Since May Nasdaq has traded in a rising wedge formation.
Now the pattern is finally broken to the downside and the price should fall from now on.
A correction of the last 2 trading days drop is not out of the question and this can give sellers a good opportunity for short trades.
I m looking at around 15300 for my sell trades and as a target 14k support for an 1:3 R:R
NAS100 rejection off 14800 zone 88% level and 100SMANAS100 took a nice dive today plowing through zones and levels. we got a few nice reactions form a couple key areas but nothing substantial. Before daily close we pierced through the 88% level and tapped the 14800 zone and had a proper rejection. This was a very aggressive sell off and looking for a rebound headed into the fomc meeting where data will reveal the true direction. Expecting gyrating the rest of the week...Buy the dips sell the rallies follow your rules for reversal entry or continuation entries/holds/addons....Good trading.
NAS100 ANALYSIS Overall sell set-up on NAS100 has finally been completed, I hope you guys were also able to capitalize on that position
Price has impulsively moved towards the downside and given us the third touch on the overall current market structure and has also given us a nice rejection on the H1/H4.
Price could form into a smaller (short-term) correction on a LTF indicating to us a continuation to the upside which is the highest probability.
If you decide to capitalize on this set up, I would enter at this current point in time or you could wait for the next impulsive move followed by a tight correction on the H1.
This is a basic set up hence I know if you manage your trade and your risk accurately, you can and surely will make a lottt of money from this set up alone.
Remember, patience + persistence = consistency
LETS MILK THESE MARKETS MY FELLOW TRADERS!!
NAS100 tested highs again...NAS100 started the day with downward pressure but hit a nice pocket of liquidity and had a nice late in the day rally. once again NAS pierced previous day high but failed to close above. This leads me to believe this will remain rangebound so for now Im interested in shorting the highs and buying the dips until further notice.
NAS100 rebound as SPX found support On wednesday NAS100 was applying pressure to the downside and looked like a break down was on the way but good fundamental news and SPX finding support @61.8 level gave it the boost it needed. Closing near previous 2 day high but not closing above leads me to believe there's some more possible downside. with retail sales data and the michigan report on friday only time will tell. will positive data continue to push this up or is this a rally that will stall.
NAS100 Lagging the SPX pressure...Nas100 is trailing a bit behind the S&P 500 inthe bearish momentum...Is the market waiting on the sept 22nd rate decision or is it waiting for the spx the reach buy side liquidity before it starts building momentum to the upside again. We got a nice reaction to the 15350 zone 38% level but were kind of treading water near the zone right now. I would really love to see a break and close below the 15300 level then we could see some really nice sell side volatility and also pick up some nice buys at key levels and make quality trades on both sides of the market. if we continue to tread water here and SPX500 grabs some liquid and starts to gain momentum nas could use this 15350 level as a trampoline and bounce up. Let the action talk.
NAS100 Nice bounce off reaction zone but not convincingGot a nice short opportunity as predicted into the 15350 zone 38% level where we got a nice reaction and another short term long opportunity for a quick in an out. With big inflation data coming Tuesday Sept 15 i'm NOT VERY CONVINCED that there's not more downside to come. some nice volatility and ill be looking at the 15100 zone 61.8 level as my next area for a reaction.