Uptrend or Reversal? Unpacking a Case for NAS100! The NAS100 has been trending bullish recently, but when we zoom out to a higher timeframe, there’s a case to be made for a potential bearish opportunity. In the video, we explore the trend, price action, and market structure, analyzing how it’s approaching a key resistance level. We also discuss a possible trade setup if the conditions align. This is not financial advice.
US NAS 100
NAS100USD Is Going Down! Short!
Take a look at our analysis for NAS100USD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 21,454.6.
The above observations make me that the market will inevitably achieve 20,638.8 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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The key is whether it can be supported at 21673.4
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Important factors when analyzing charts are
- Support and resistance points
- StochRSI indicator
If you have the above two factors, I think you can analyze the charts quickly and briefly.
Support and resistance points should be drawn on 1M, 1W, and 1D charts.
You can analyze the chart by checking whether the line drawn in this way is supported or not while referring to the movement of the StochRSI indicator on the 1D chart.
The 21673.4-22013.5 section, which is indicated as a high point boundary section, is likely to act as resistance.
However, since the StochRSI indicator has entered the overbought zone, it is important to see if it can break through the high point boundary zone upward.
In other words, we can see that the high point boundary zone is more likely to act as resistance.
The volatility period is expected to occur around January 29.
Therefore, in order to maintain an upward trend, it must show support at the high point boundary zone after the volatility period.
If not, it will eventually fall.
At this time, what we should pay attention to is the movement of the StochRSI indicator.
The longer the StochRSI indicator remains in the overbought zone, the more likely it is that the StochRSI indicator will show a large decline if there is a slight price decline.
When the StochRSI indicator falls to or below the 50 point, if it shows support at around 21673.4, it is highly likely that it will show an upward trend by breaking through the high point boundary zone upward.
To maintain the current short-term uptrend, the price needs to stay above 21068.2-21321.9.
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The settings for the StochRSI indicator are 14, 7, 3, 3 (RSI, Stoch, K, D).
The source value is ohlc4.
With these settings, you can see the movement similar to the StochRSI indicator on my chart.
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Thank you for reading to the end.
I hope you have a successful trade.
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NAS100USD Will Go Down! Short!
Please, check our technical outlook for NAS100USD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 20,839.6.
Taking into consideration the structure & trend analysis, I believe that the market will reach 20,544.5 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Next Volatility Period: Around January 29
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The chart is ultimately composed of the flow of funds.
Therefore, I think it is important to check the movement of the chart before collecting information on all issues.
Because funds are likely to react before all issues.
That is why there is no mention of issues in my chart description.
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(NAS100USD 1M chart)
The key is whether NAS100USD can rise above 21068.2.
If it fails to rise, it is expected to touch the MS-Signal (M-Signal) indicator.
When the decline begins, you should check if the HA-High indicator is newly created.
The fact that the HA-High indicator is created means that it has fallen from the high point range.
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(1W chart)
The HA-High (21321.9) ~ BW(100) (21744.0) range corresponds to the high point boundary range.
Therefore, the upward trend can begin only when the 21321.9-21744.0 range is broken upward.
It has fallen near the MS-Signal (M-Signal) indicator.
Therefore, the point of observation is whether the price can be maintained above 20357.0 and rise.
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If the StochRSI indicator falls from the overbought range and then fails to immediately fall, but rises to the overbought range again and then falls, the decline is likely to be stronger.
Therefore, this decline is likely to show a stronger decline.
Therefore, if it falls below the M-Signal indicator on the 1W chart, it is likely to touch the M-Signal indicator on the 1M chart.
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(1D chart)
This volatility period is until January 13.
The point of interest is which direction it deviates from the 20703.6-21068.2 range after this volatility period.
The next volatility period is around January 29.
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Thank you for reading to the end.
I hope you have a successful trade.
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NAS 100 Counter-Trend Opportunity: Possible Bounce from Support 📊 The NAS 100 looks overextended right now. It’s tapped into a key liquidity pool support zone, and I’m eyeing a potential counter-trend trade back up to equilibrium. ⚖️ After that, we could see another sell opportunity if the price action aligns. 🚨 *This is not financial advice.*
NAS100USD Will Go Down! Sell!
Take a look at our analysis for NAS100USD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 20,618.0.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 20,285.3 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
NAS100USD Will Move Higher! Buy!
Take a look at our analysis for NAS100USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 21,124.3.
The above observations make me that the market will inevitably achieve 21,614.0 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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#NAS100USD 4HNAS100USD (4H Timeframe) Analysis
Market Structure:
The price is consolidating within a symmetrical triangle pattern, indicating indecision in the market. This pattern reflects a balance between buyers and sellers, with the potential for a breakout in either direction.
Forecast:
A breakout on either side of the triangle will determine the next directional move. Traders are advised to wait for confirmation before entering a position.
Key Levels to Watch:
Entry Zone: Wait for a confirmed breakout above the resistance or below the support of the triangle.
Risk Management:
Stop Loss: Placed beyond the opposite side of the breakout to manage risk.
Take Profit: Target measured moves based on the height of the triangle, projected from the breakout point.
Market Sentiment:
The symmetrical triangle suggests neutral sentiment, with the potential for significant movement depending on the breakout direction.