US100 NASDAQ Technical Analysis And Trade Idea NAS100Lately, the NAS100 has displayed a strong bullish trend. This video extensively explores the trend, meticulously analyzing price movements and identifying possible trading prospects by thoroughly assessing both the weekly and daily timeframes. Anticipate a detailed assessment of price behaviors, market patterns, trend assessments, and key technical analysis components. It's crucial to emphasize that the content provided is purely for educational purposes and should not be interpreted as financial advice.
US NAS 100
Nasdaq Intraday Review – Wednesday 6 Dec 2023I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you :)
Did my analysis at +- 5:20am GMT
Noted at 1. that overnight the market had broken through the pink down trend line which market had been respecting for some time
There was a nice re-test of the trend line at 1. on the 1H TF and then market moved up from there.
By the time I did my analysis, the market was consolidating on the 1H TF.
I was looking exclusively for a buy as Nasdaq is bullish overall.
I planned to enter 1 position at 3 levels marked in with the green dots 2. and 3. and 4. So three positions overall (= 3 green dots).
Confirmations for a buy at 2.
- There was a small double top that had formed on the 1H and I have noticed in the past that when Nas is very bullish it will break the neckline of the double top, move down the same distance as the height of the pattern, the buyers step in and the market then moves up and beyond again. Neckline and distance marked with orange lines. (Have you noticed the same?)
This was evidenced by the long wick green candle close to the 2. but unfortunately it didn't continue it's move up.
Confirmations for a buy at 3.
- 1H 0.318 Buy retracement level
- 30min EMA (if market is very bullish it will respect even a 30min EMA)
Confirmations for a buy at 4.
- 1H 0.50 Buy retracement level
- 1H EMA
For me it was clear that the market would buy because all the EMA's were under the candles, the pivot point was under the candles and the down trend pink line had already been re-tested at 1. So for me the market would possibly make a shallow retracement on the 1H TF and then FLLLLLLLLYYYYYYYY.
Mental stop was placed below the 4H EMA.
So I entered a buy at my 3 levels as planned....took a bit of a draw down and then the market bought strongly right before market open. I secured all three positions at entry (i.e put an actual stop loss at entry of each position)
I was convinced that the bulls would continue to dominate.
Just as I was seeing dollar signs flash before my eyes, market opened and crashed completely.
I was out at entry on all positions.
I was up ultimately 1000 pips on my lowest position and I wish now I had taken profit but always easier in hindsight. I was truly convinced that the market would rally.
Clearly the bears overpowered at this zone (5.) because the buy was "over" i.e. TP1 and nearly TP 2 had been reached and if you look at the D TF you will see that at 5. (the brown trend line) is where the D candles have been closing at lower and lower.
- Ultimately no pips for me today.
- The market did not move as I expected and I did not want to re-enter into a market which I wasn't in-sync with.
- No revenge or overtrading for me.
- Good luck if you are still trading!
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
Nasdaq Intraday Review – Tuesday 5 Dec 2023I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you :)
Did my analysis at +- 5:20 am GMT
- Noted a temporary downtrend as marked by the green trend line
- As the morning progressed I noted the formation of an uptrend line (also marked green) and noted that this uptrend was tested a few times during the morning
- Noted that the D TF 20 EMA was just below the candles. This EMA had acted as massive dynamic support yesterday resulting in a long wick candle on yesterday's 4H TF.
- I was still interested exclusively in a buy as I believed the market would at the very least retrace enough for me to secure my trade and I believed the market would at least bounce off the D EMA.
- Eventually a double bottom formed and I entered a buy at 1.
Confirmations:
Break of the neckline of the double bottom on the 30min TF
Break of 30min EMA which the market had been respecting till that point signally a trend reversal
D TF EMA as dynamic support
I believed the market would at least retrace a bit, if in fact the move for the day was a sell.
- Stop was a mental stop placed at the thick pink line (after yesterday, I was determined to be more disciplined with my mental stops)
- Had to endure a draw down of +- 420 pips
- But eventually the market moved with speed in a bullish direction
- Jolts Job Openings helped boost the market through the various EMA's and the pivot point and sell fib levels.
Closed half my position at the temporary down trend at about 2. when I noted some weakness in the candles in this area (a temporary down trend that had been holding strong for a few candles now + sell 618 Fib level + 4H EMA all confirmations in favour of the bears).
Left the other half to run for the rest of the day i.e a time stop to see how far the market would rally.
But really didn't like how the market came crashing back down below the trend line as I was expecting that the market would stay well above this area. Also down below the 1H 200 EMA and 4H 20 EMA = not good)
So I closed my other half position at around 3.
So I am out for the day with around 900 pips profit.
Good luck if you are still trading! :)
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
Nasdaq Intraday Review – Monday 4 Dec 2023I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you
- Today I was looking exclusively for a buy as Nasdaq is strong bullish – “The trend is your friend”. Temporary trend is a down trend but overall, I feel the trend is bullish
- Did my analysis at +-5:20am GMT
- Noted a spinning top on W TF – indecision between buyers and sellers. Could signal that buyers are losing momentum
- Noted an ascending triangle on D TF - broken to the downside and re-tested and now moving down
- Noted consolidation rectangle on D TF
- At 11am GMT I entered a buy at 1. (green circle):
Confirmations:
4H EMA dynamic support for 50 EMA held
4H 0.50 Fib Level
4h Doji candle stick
Retest of neckline of the 4H double bottom seemed to have held (double bottom marked by purple circles)
Stop loss was a mental stop placed at bottom of the ascending triangle (marked with thick pink line just below 2.)
On 1 hour TF I didn’t like the way the candles were moving and ultimately decided to close taking a 119 loss.
- Entered a buy again at 2.
Confirmations:
Uptrend line which held previously
Roughly 4H 0.618 fib level
And what I judged to be sellers TP1 on the 1H TF (i.e I felt the sell would have come to an end at this level)
Stop was a mental stop at the thick pink line just below 2.
But I entered a buy without having strong enough confirmations and did not pull out at my mental stop level.
This is the problem with mental stops....and that is that sometimes it can be really hard to pull the plug psychologically.
A mistake that I paid dearly for.
Took a loss of 890 pips – OUCH!
So theme for today – CRASH AND BURN!
But I still preserved some capital and live to fight another day.
Biggest thing I did wrong today – not follow my mental stop. Would have reduced my loss to 100 pips instead of 890 pips.
- Ultimately 1000 pips LOSS for the day.
- Got the market totally wrong and I am out for the rest of the day!
- No revenge or over trading for me.
- Hope you did better than me...good luck if you are still trading!
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
NAS100USD ShortAccording to the index price movement, there is a formation of a rising flag, which might be a potential reversal hence a bearish momentum.
Also, there is a bearish dragonfly doji candle according to the higher timeframes (1D), which might be a potential bearish reversal in the price.
My entry point is at 15950 after the price has retested the support zone of the flag. SL at 16200, just above the resistance zone. Take Profit at 15200, with a R: R of 1:3.
Note, that risk is only 1% of your account.
NAS100USD: Check for support around 15978.3Hello traders!
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(DXY chart)
We need to see if it can be maintained by falling below 102.089.
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(SPX500USD chart)
(1M charts)
If it holds above 4419.8, it is expected to renew the new high (ATH).
(1W chart)
The key is whether it can receive support and rise in the 4478.4-4654.0 range.
(1D chart)
We have entered the previous high point box range, 4581.4-4754.4.
Accordingly, the key is whether it can be supported and rise above 4581.4.
The support range is the 4419.8-4478.4 range.
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(NAS100USD chart)
(1M charts)
We need to check whether it can rise above 16579.4, the upper point of the box section.
(1W chart)
We need to see if it can support and rise around 15978.3.
(1D chart)
The key is whether it can renew the new high (ATH) by receiving support around 15978.3 and above 16579.4, the upper point of the box section.
The support range for this is the 15090.3-15978.3 range.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Nasdaq Intraday Review – Friday 1 Dec 2023I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you
Not trading today as it is a public holiday here.
Hope you took a sell at the 0.618 sell fib level + 4H 20 EMA + trend line (yellow circle).
That was an easy trade....pity I missed it! ;)
Good luck if you are trading today!
NASDAQ to see a limited rally?NAS100USD - Intraday
An Evening Doji Star formation has been posted at the high.
A Fibonacci confluence area is located at 16029.
Bespoke support is located at 15315.
Selling spikes offers good risk/reward.
There is scope for mild buying at the open but gains should be limited.
We look to Sell at 16029 (stop at 16129)
Our profit targets will be 15779 and 15729
Resistance: 16029 / 16166 / 16200
Support: 15815 / 15500 / 15315
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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Nasdaq Intraday Review – Thursday 30 Nov 2023I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you
- Today I was looking exclusively for a buy as Nasdaq is strong bullish – “The trend is your friend”
- Did my analysis at +-5:20am GMT
- Noted an ascending triangle on the D – which indicates consolidation and breakout imminent, usually to the top but can be in any direction
- 4H TF –
Market came down to retest the triangle it had just broken out of
The second 4H red candle of this retest (yellow circle) closed above/on the downtrend line of the triangle, indicating that the market was unable to break back into the triangle
The following green candle (at the yellow circle), indicates the market is bouncing off the triangle downtrend and that the 4H 20 EMA is holding as dynamic support. It also indicated that the 4H buy fib level of 0.618 seems to be holding.
- 1H TF –
Nice double bottom (yellow circle) formed on the triangle upper line with a break of the neckline at 1.
Also see candles moving in a temporary uptrend indicated by orange line
At 2. the red candle came down to test the neckline and then the following candle is green, confirming uptrend in play
- Entered a buy at 2. @ +- 5:40am - Confirmations:
1. Market pattern – break of neckline on double bottom on 1H TF
2. Market pattern – 4H TF retest of triangle that the market had just broken out of
3. 4H dynamic support by 20 EMA
4. Fib
4H 0.618 fib level seems to be holding
On bigger TF, looking from a seller’s point of view, market could retrace to pivot point before selling again. Pivot point = 0.382 fib retracement. This means the market could move up +- 300 pips before possibly selling, giving me enough time to secure my trade at entry and trade risk free.
- My stop will be a mental stop at the thick pink line.
If market breaks back into triangle, then that invalidates my buy
- For TP, I will close half my position at the brown line (the ascending triangle forming on the day and which was respected in yesterday’s session), the rest I will leave running and see how the day unfolds
Update now at 4:18pm GMT:
- Market moved up as predicted to pivot point
- I was out at entry when the market made a strong move down (indicated by pointing hand)
So no pips for me today, but feel risk management was on point.
Well done if you opened a sell at the pivot point plus 0.382 Sell fib level.
- Ultimately ZERO pips for me today, but at least I managed to project my capital.
- I'm closing November month in the profit overall :)
- Good luck if you are still trading!
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
NAS100USD Will Go Lower From Resistance! Sell!
Take a look at our analysis for NAS100USD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 15945.0.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 15846.2 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.
Like and subscribe and comment my ideas if you enjoy them!
NAS100USD: Need to check if it can rise above 15978.3Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
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(DXY chart)
It shows a decline in the boundary range of 150.664-106.416.
However, there is a possibility that it will receive support and rise around 102.089, so you should watch it.
If it falls below 102.089, I think there is a high possibility that the investment market will become active.
We need to ensure that funds can flow into the investment market accordingly.
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(SPX500USD chart)
(1M charts)
The key is whether it can receive support and rise in the box section of 4104.1-4820.2.
(1W chart)
To do so, we need to check whether it can rise to the 4583.8-4654.0 range.
If not, you should check for support around 4478.4.
(1D chart)
The key is whether it can receive support and rise in the current box range of 4507.8-4578.3.
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(NAS100USD chart)
(1M charts)
We need to see if it can be maintained above 14880.8 and continue until 2025.
(1W chart)
The key is whether it can receive support and rise from the previous box range of 15167.4-16579.4.
The next period of volatility is expected to occur around the week of December 25th.
Accordingly, it is necessary to check whether the new high (ATH) can be renewed by falling below 13418.8 or rising above 16579.4.
(1D chart)
To continue the upward trend, the key is whether it can be maintained above 15816.4.
If it falls, you should check for support around 15551.2.
The HA-High indicator appears to be forming at the 15949.9 point.
Accordingly, it is necessary to check whether support is received around 15949.9.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
NAS100 US100 Technical Analysis and Trade Idea NASDAQIn this insightful video, we delve into the NAS100's intriguing movements as it encounters crucial resistance levels on both the monthly and weekly charts. With the week drawing to a close, we scrutinize the possibility of an assertive retracement.
Our discussion extends beyond surface analysis, encompassing market structure, intricate price actions, meticulous trend analysis, and pivotal elements of technical analysis. This comprehensive coverage sheds light on the intricate dynamics shaping the NAS100's trajectory.
As a standard practice, this video offers a comprehensive view for educational purposes. However, it's essential to clarify that the content presented here isn't intended as financial advice.
Lower Imbalance to be filledPrice has been on a flawless uptrend initiating since the end of October. Being that price just put in yet another high above previous weekly levels as well as daily, I am expecting price to have a correction. Not only due to the natural course of price but also to the fact that a 200+ point fair value gap has been left below price. Price can retrace beyond 300+ points and still be in a definitive uptrend at the moment.
DXY : The key is whether it can be maintained below 105.664Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
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(DXY chart)
DXY is showing a decline below 105.664-106.416.
Therefore, the key is whether it can meet resistance and decline around 105.664.
The decline in DXY is because the investment market is likely to be active.
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(SPX500USD chart)
If it remains above 4369.8, it is expected to turn into an upward trend.
If not, a gradual decline is expected.
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(NAS100USD chart)
Since the HA-Low indicator on the 1D chart was created around 14328.9, if it remains above the HA-Low indicator on the 1D chart (14437.6), it is likely to continue the uptrend.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
US100 NAS100 Technical Analysis And Trade IdeaIn this presentation, we undertake a thorough analysis of the NASDAQ US100, concentrating on the prevalent bullish sentiment within the 1-month (1M) and 1-week (1W) timeframes. Significantly, our charts reveal that the US100 is currently approaching a critical resistance level, marking a pivotal juncture. Throughout this discourse, we delve into the fundamental principles of technical analysis, encompassing essential elements such as assessing the existing market trend, price dynamics, market structure, and other crucial facets of technical analysis. As we proceed through the video, we meticulously examine a potential trading opportunity within the NAS100.
It is crucial to emphasize that the insights shared in this content are intended exclusively for educational purposes and should not be interpreted as financial advice. Engaging in foreign exchange market trading carries a substantial level of risk. Therefore, it is imperative to judiciously incorporate robust risk management strategies into your trading plan to effectively navigate these challenges.