NAS100 Sell ConsensusLooking for a drop off to occur in the market soon.
Seasonality wise speaking June tends to be negative. Thus, I would like to see a drop in the next couple of weeks.
There are two levels above which I have drawn out and will watch price once we clear either of those highs looking for bearish price action.
The targets are also outlined, and once reached, will re-evaluate the scenario to see if we get further downside.
US NAS 100
Waiting For Another Sell Entry NAS100OANDA:NAS100USD
Now that the M15 completed it's segmented Oversold LOW (H1 HL) it is now just waiting for another opportunity to take a sell towards the ultimate destination which is the daily HL.
A quick glance at the daily and weekly timeframes will show you that the market is intent on getting a bearish momentum going but for the past two days has only managed to generate wicks for the bears and bulls.
Another point to note is that with all timeframes sitting at HH's there is no reason for me to looking for buys and as such, my current bias is towards the sell opportunities. How far down the price will go remains to be seen, however I will continue to monitor once I take another sell.
Final point on this is that the H1 seems to be finalizing the C point in the XABCD pattern, which will therefore require a D point before heading towards the low it needs to create.
I will continue to monitor and work on my patience...
Happy Trading and God Bless.
Still in the Retracement ModeOANDA:NAS100USD
NAS100 is moving a little sluggish the past few days which is not uncommon when you have a reversal situation like we currently have.
The M15 provided a good exit TP point at 14481.8 before doing a slight retracement back to the upside on the M15 to create a new high today.
While I did not take that entry, I noticed that it went down to complete a HL before climbing back to 14584.4 at 3:00pm EST.
While I do not normally enter on LH's I made the exception only because, the H1 did not complete it's low and it also did not signal even a HL so I was confident that it would still be going down, and of course the M15 was coming from a previous high and only managed to make a LH.
It is clear that the market is still searching for the low on the bigger timeframe and you will see that the H1 and the H2 have already formed 3 points out of the XABCD pattern.
X = HH
A= HL
B= LH
C= ???
D=???
If C drops below and breaks 14440.7 then you know that will be a strong indication that the trend towards the downside is starting to heat up.
If this current move puts on a new low on the H1, then you can ride the M15 to a LL for TP.
In any event even if the M15 puts on a HL you will still be able to get out in profit based on my entry 14571.25
Happy Trading
NAS100 Weekly Setup (Sell Active)I will be taking partial profits since the M15 is on it's way to making a segmented low, which will translate at some point to a HL on the H1.
Once I do that then I will wait for another M15 high (LH) to reenter the sell.
It' is still early, however the M15 low will be my first TP. OANDA:NAS100USD
Winning or losing a trade depends on your state of mindHello?
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(DXY chart)
The 102.034-105.873 section is a volatility section, and depending on which direction you deviate from this section, the movement of the investment market is expected to change.
Therefore, if it falls below 102.034, the investment market is expected to revitalize.
Otherwise, if it rises above 105.873, the investment market is likely to enter a recession.
Where do you think DXY is heading right now?
My thoughts are that I don't know the direction yet, but I think it's right.
I believe that investment and trading are determined to fail even before investing or trading according to one's psychological state.
The moment you invest or trade with a nervous mind or excitement, you will suffer from more psychological conflicts, so there is a high possibility that you will not get a big return or the transaction will fail in the end.
So, if your mind is currently in a state of nervousness, anxiety, excitement, etc., you should stop trading and observe the situation.
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(SPX500USD chart)
Looking at the 1D chart, it shows a rise to the resistance area of 4255.2-4310.8.
Therefore, the key is whether or not you can ascend with support in this section.
Looking at the 1M chart, the HA-High indicator on the 1M chart is long at 4419.8.
Therefore, it is necessary to check whether it is supported in the 4310.8-4588.6 section.
"So, what are you going to do?" you may ask.
You yourself already know the answer.
As I said in the description of the DXY chart, you have already made your own conclusions.
However, it is only a state in which it has not been decided whether to proceed with the current transaction or to wait according to the decision.
why? I would like you to think about whether you wrote down the 4255.2-4310.8 section as a resistance section.
The biggest reason I said it was a resistance zone is because I think that if it rises above this zone, it is highly likely to surge.
The reason why it is likely to surge is because it touched this section in August 2022, the previous high, and showed a decline.
Therefore, if it rises above this range, it is highly likely that you will proceed with the purchase without checking whether it is supported.
(1D chart)
(1W chart)
(1M chart)
Therefore, when looking at charts, you should look at the 1M chart first, then the 1W chart, then the 1D chart, not the 1D chart and then the 1M chart.
That way, you will be able to hold the overall picture of the chart in your mind, which will help you prevent your psychology from being shaken by small waves.
However, most of them don't do that, and by looking at the time frame chart they are trading first, their psychological state is agitated by small fluctuations even before making a trading strategy, so there is a high possibility of making a trading strategy in the wrong direction.
So, regardless of your investment style, that is, the investment period, you are shaken by small fluctuations, so you are sensitive to the current movement even though it is a mid- to long-term investment.
In the case of day tradng or short-term trading, there is no need to see a big trend.
If you plan to conduct day trading or short-term trading, but create a trading strategy based on the big trend, there is a possibility that you may not be able to stop loss when you should stop or sell when you need to split.
This is the cause of fatal mistakes when conducting day trading or short-term trading.
Therefore, you should create a trading strategy based on your own investment style, i.e. a time frame chart that fits your investment period.
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(NAS100USD chart)
It is approaching the 14710.6-15090.3 area, an important support and resistance zone.
Therefore, the key is whether you can ascend to this section and be supported.
Looking at the 1M chart, you can see why the 14710.6-15090.3 area is an important support and resistance zone.
As you approach what I'm talking about as this important segment, those waiting to trade are likely to be in a very excited state.
Because, once it rises above this important range, you start to think that you can get a bigger return by buying it at a lower price because you think it's likely to show a big uptrend.
Therefore, there may be cases in which you proceed to buy before you can confirm whether you are supported or resisted by rising to the important zone, that is, the support and resistance zone.
It is tedious to check whether you are supported or resisted, and since psychological agitation occurs hundreds of times a day, your psychological burden will increase enormously.
This increase in psychological burden makes it impossible to wait until it rises, which is the main cause of not obtaining large profits or increasing losses.
Therefore, you must check whether you are supported or resisted by entering the important section where you must check the support and resistance section.
Even if you buy at a higher price, if your psychological state is stable, you can get a bigger profit when you see a big rise.
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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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NASDAG BUYA golden opportunity in the NASDAQ market, with the penetration of the double top pattern, the market is no longer in the negative, now the positivity continues. Only patience must be dealt with the deal. Good luck, dear profitable traders
NQ1! NAS100USD NASDAQ 2023 JUNE 05Continuation long from previous analysis was in order last week.
Minor weakness has appeared.
Possible Scenarios:
1) Continuation Long: Long on retracement. Down bars has to
be on lower volume.
2) Previous supply zone 15269
Exercise caution if you see climatic bars into this level. Market
may rotate to work out demand and supply.
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 15269 14575
*Longer term: 13350 needs to be supported for long trend
to be intact.
Price Volume Analysis:
Weekly: Ave vol narrower up bar close off high = NTC weakness
Daily: 19 May UT bar, ave vol= = potential weakness
*NTC = Non-Trend Changing
Like and follow if you find this useful.
Have a profitable trading week.
*For education purpose only.
NASI have my eye on this area at the moment one of two things could happen
1. we could go up higher and grab liquidity and or see price go lower to target equal lows resting below and see if price will continue to fill gaps below.
2. we could see price continue rising above and leaving gaps open with resting SSL below and target previous highs at around 14645 and or 15300.
lets see what price gives us over night and look forward to Friday morning with high impact news on the morning.
3 red high impact folders
NAS 5/31Today Bias was bearish after tapping into the areas noted in last idea.
Started the day marking 00:00 overall open and noticed price slowly began to drop and this time I waited for 7:30 and then created a sell opportunity with a FVG and big displacement. However we still had equities to open and I entered when 9:30 opened ant tapped the gap and marked another zone I felt could tap for a liquidity grab above the daily open. tapped in and entered again.
after that set SL to previous high and TP to EQ lows at 14288 and over all target at 14257 next SSL.
taking partials as it was going down.
Target reached
NAS100 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.
NAS ShortLast week we had a very strong sell off and then a strong bullish Friday to finish off the week .
looking over my notes I saw that on the weekly we were headed to a FVG gap above and equal highs to target, once it tapped those two I noticed a sell opportunity at market this morning. I saw a false down move to the down side around 8:30 am and I got caught in that though I held my position with my stop above the holding daily high of the day.
soon after I noticed at 9:30 equities open it created a liquidity grab possibly a "POWER OF THREE" meaning that there 1. accumulation 2. manipulation 3. displacement
which falls with the 2022 model strategy I'm following. it comeback to like I said previously to grab liquidity or stop out early sellers and continue in the water direction of the day. the target was a the nearest previous SSL and final target was SSL noted around 14331.5.
will eye market tomorrow and see if it presents a set up have a great night !
US100 BUYHello, traders. The Nasdaq is coming out of the negativity. And it broke the bearish flag, there are very positive signs on the upside. With the resistance 122000 broken, there is more to go up . Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
NASDAG BUYThere is a high possibility that the NASDAQ will rally as the descending channel is broken and the side flag is broken. What do you think, my friends?!
S&P500 INDEX (SPY) Your Trading Plan For Next Week
S&P500 Index formed a huge ascending triangle formation on a daily.
Its neckline is a key horizontal resistance.
To catch the next bullish wave, wait for a bullish breakout of 4215,
it will confirm the violation.
A bullish continuation will be expected to 4300 then.
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The meaning of DXY raised to the boundary section is...Hello?
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 investment market is showing a correction as DXY rises above 103.494.
The 102.034-103.494 and 104.738-105.873 sections marked on the 1D chart are boundary sections, and it is expected that the investment market will also move in the direction of departure from this section.
When DXY rises, it means that the investment market is likely to gradually enter a downturn.
The term investment market here refers to a market other than a business that generates profits through actual production. (Stocks, cryptocurrency, real estate, etc.)
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(SPX500USD chart)
The key is whether it can continue its upward trend along the upward trend line drawn on the 1M chart.
Therefore, it is necessary to check whether it can rise above 4310.8.
If not, you should check if it is supported or resisted around the 4104.9-4137.1 mark on the 1D chart.
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(NAS100USD chart)
The rise above the HA-Low indicator on the 1M chart suggests that we are entering a long-term buying season.
The first sell zone for this flow is around 14710.6.
Since it broke above the 12896.2-13418.8, the volume profile of the 1W chart, an uptrend is expected around 14117.5.
If it fails to move up, you should check for support around the 13231.6-13480.9 area marked on the 1D chart.
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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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NASDAQ BULL RUNNVIDIA Carried nasdaq to our base of our inverse head and shoulders, we can potentially see nasdaq forming a shoulder and then retesting the base (13930) if the base is broken then I would expect Nasdaq to hit 14200 close to the USA debt ceiling meeting - 1 June 2023, or if there's any positive news regarding the debt ceiling.
With NYSE about to open we could see the bulls take over sooner than we want, we have seen this multiple times with an inverse head and shoulders pattern close to NYSE open. hence why we have an early buy zone.
Other forms of validation:
- Fair value gap
- Trend Line retest
- Shoulder pattern
- 50 day ema
NASDAQ BREAKDOWN ANALYSIS 24/05/2023dear traders nasdaq was bearish yesterday and it may continue down so as you can see ine the chart i anticipate price below the block will be for sell and if he reacte from imbalance zone you may look for buy trade safe and follow the instruction
good luck