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.
US NAS 100
NASDAQ THOUGHTS - 17-JUL-2024Hello all, Kindly see my NASDAQ thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
NAS100USD Is Bullish! Long!
Please, check our technical outlook for NAS100USD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 19,781.5.
The above observations make me that the market will inevitably achieve 20,661.5 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NAS100USD Will Move Lower! Short!
Take a look at our analysis for NAS100USD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 19,927.1.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 19,712.4 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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NAS100 OR US100 EVERYDAY TRADE SETUPDear All,
This my idea for Short. NAS100 collect BUY side liquidity And RSI overbought NOW market ready for short .
this is my ideas only. what you are flow your trading statistics you can continue. If you like me idea follow me..
you need more my ideas. follow me.
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"