Nasdaq Push before fall? Just looking at Price ActionBased on a higher timeframe I speculate that Nasdaq could push up higher towards 15360.5 as this price range falls into equilibrium based on the High to the Low left on the 4hr timeframe from last weeks price action.
I can also clearly see that price swept previous lows on a 1hr & 4hr timeframes.
with this information I jumped to a 5 minute timeframe, and can clearly see Friday of last week price left a beautiful displacement high, and a Fair Value Gap where Sunday price went to trade down towards 15203.4 testing the FVG once more.. giving me confirmation of price wanting to push higher.
So my full idea is that ill wait for price to go towards 15360.5 area to look for a short position.
Remember this is all just my personal conclusion..
US NAS 100
Trend reversal zone: 103.484-104.064Hello?
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(DXY chart)
If this rise rises above 105.664 on the 1M chart, a new trend is expected to be formed.
This new trend is expected to show its exact direction when it rises above 106.416 on the 1W chart.
If you look at the location of the high point where the finger on the 1D chart is pointing, you can see that it is in a downward trend.
In order to turn this downward trend into an upward trend, support must be found around 103.484-104.064.
If that happens, DXY is likely to turn to the upside.
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(SPX500USD chart)
The possibility of renewing the new high (ATH) is increasing while maintaining the price above the HA-High indicator (4419.8) on the 1M chart and the HA-High indicator (4478.4) on the 1W chart.
Accordingly, the key is whether the price can rise above the HA-High indicator (4563.2) on the 1D chart.
To do this, we need to check whether we can receive support around 4514.3.
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(NAS100USD chart)
If it rises above 15624.6, it is expected to renew the new high (ATH).
Accordingly, the key is whether it can receive support and rise around 15090.3-15379.1.
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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 -> What's Happening Here?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of the Nasdaq 💪
Looking at the macro view on the monthly timframe you can see that at the moment the Nasdaq is retesting massive resistance of the 10+ years rising channel formation so I do expect a monthly push lower.
Just two weeks ago the Nasdaq perfectly retested the 0.382 fibonacci retracement level and created a quite strong rejection towards the upside.
Looking at the daily timeframe you can see that Nas100 is currently retesting the neckline of the double top of July of 2023 and if Nas100 actually breaks above this structure zone, I do expect new highs going into 2024.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NQ1! NAS100USD NASDAQ 2023 AUG 28 NQ1! NAS100USD NASDAQ 2023 AUG 28
Hope you had taken Scenario 2 test of breakdown
area 15138-15511 short.
Possible scenario:
1) Continued short per possible bear flag
2) If market hits longer term support channel (black dash),
>> support = long
>> breakdown + test and reject = short
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16042 15511 14635 13960
*Longer term: 13350 support must hold for long trend to be intact.
Price/Volume/Trend Analysis:
Weekly: Higher ave vol up bar close at lower half of bar (S>D)
Daily: Ave vol up bar close toward high (D>S)
*NTC = Non-Trend Changing | PTC: Potential Trend Changing
Like and follow if you find this useful | *For education purpose only.
Have a profitable trading week.
NAS100USD Will Go Lower! Sell!
Take a look at our analysis for NAS100USD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 14924.8.
The above observations make me that the market will inevitably achieve 14435.2 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.
Like and subscribe and comment my ideas if you enjoy them!
NASDAQ RiskyRisk 0.5%
TP1 = 1:1 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
DXY 103.881-105.664: Section where resistance is requiredHello?
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(DXY chart)
With the DXY rising above 103.025, the investment market appears to be slowing down.
On the 1W chart, the 103.881 point corresponds to the resistance section, and on the 1M chart, the 105.664 point corresponds to the resistance section.
Therefore, the key is whether it can fall with resistance in the 103.881-105.664 area.
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(SPX500USD chart)
It shows a decline below the 4419.18, the HA-High indicator point on the 1M chart.
Accordingly, the key is whether it can rise with support around 4371.6.
If not, you need to make sure it is supported around 4255.2.
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(NAS100USD chart)
The key is whether you can rise with support around 14710.6-15090.3.
If not, you need to make sure it is supported around 13418.8.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** The trading volume indicator is displayed as a candle body based on 10EMA.
Display method (in order of boldest)
More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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NAS100 DEMAND UPDATES
Previous idea on CPI last week its on spot.
PRice goes on, then drop like a fallen water..
Now im doubting this idea, could the market rebuy this zone or we will wait to our main/original idea before..
This is not a financial advice. Follow for more.
Give a boost if you win a trade last week until today.
Thank you.I will update this if price consolidate and has a good volume.
Nasdaq to continue crashing???Nasdaq had hit our first two short targets posted a week ago.
Now it is breaking what was old resistance and was holding yesterday as support.
1. If this old support once again becomes resistance then we will open an additional position as the one shown on the right.
2. If the PA is unclear we will let the current position go until it reaches our original tp and collect it's gains or it reaches our sl and we take a minor loss.
The key is whether DXY can find resistance around 102.034Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(DXY chart)
The key is whether it can get resistance around 102.034 and drop.
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(SPX500USD chart)
The HA-High indicator on the 1W chart is about to form at point 4478.4.
Therefore, it is important to be able to ascend with support near this point.
If not, you need to make sure you get support around 4419.8.
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(NAS100USD chart)
The HA-High indicator on the 1W chart is about to form at 15379.1.
Unlike the SPX500USD chart, NAS100USD is located below the HA-High indicator point of the 1W chart, which is about to be created, so it seems to fall more than expected.
So, the question is whether it can rise above 15379.1.
If not, you should check for support around 14710.6.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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