NAS100Nas gave us a great entry on Friday I did not take the trade but was looking at GU also and was another great opportunity.
I will post if possible on notes for future reference on my methodology.
Moving on to Monday of this week we will be focusing on 4 major things
1. Break of Structure
2. Did BOS leave a FVG
3. Retrace
4. Entry 1:1
during these uncertain market conditions there may be more fake outs so damage risk properly.
Bias : Neutral, until I see major break to the down to the daily SSL or BSL above on candle.
see you at 6 am .
US NAS 100
Nasdaq -> Obvious Top FormationHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is currently approaching a quite obvious previous weekly structure area which is now turned resistance exactly at the $13.500 level.
You can also see that from a weekly perspective, Nas100 is a little bit overextended towards the upside and in my opinion we are ready for a short term correction before we will then see more continuation towards the upside.
On the daily timeframe you can see that Nas100 is currently forming a rising wedge formation which is always considered a reversal sign, so I am now just waiting for some bearish selling pressure before I will then enter a short to capitalize on the next dump towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NAS Ending Diagonal Triangle Break It doesn't get more obvious than this. We're probably headed back to 12k at the very least on a corrective wave. Fed GDP forecasts are really all you need to see to know lots of rate hikes and taxes coming soon. It's halving every year, and that's an optimistic estimate. Don't wanna spook the market. fred.stlouisfed.org
NAS100 Top-down analysisHello 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.
US100 Index (NASDAQ): Bullish Outlook For Next Week
This week, NASDAQ Index broke and closed above a horizontal neckline of a cup & handle pattern on a daily.
We see its retest now.
I will expect a bullish continuation next week at least to 13550 level.
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Concentration of funds into the investment market is expectedHello?
Traders, welcome.
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(NAS100USD chart)
It is showing a rise above the 12896.2-13418.8 section, which is the volume profile section of the 1W chart.
Therefore, if it rises above 13418.8 or rises above the 13231.6-13480.9 section on the 1D chart and shows support, it is expected to show a sharp rise.
If not, you need to make sure it is supported around 12716.0-12896.2.
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(SPX500USD chart)
You need to follow the rising channel to see if you can maintain the bullish trend.
Looking at the 1M chart, it shows an upward movement along the lower uptrend line.
As such, it is expected to remain in an uptrend as long as it does not fall below this uptrend line.
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(DXY chart)
If it shows sideways in the 98.244-101.494 section, the investment market is expected to be active.
Therefore, it is necessary to follow the downtrend and see if the downtrend can be maintained until around June 6th.
The investment market is not just the stock market.
Therefore, as funds are concentrated in any investment product, there is a possibility that it will lead to a sharp rise.
I think this concentration of funds is an abnormal phenomenon.
However, many funds are stagnant in an environment where it is difficult to invest in the actual economy, so if a concentration of funds occurs in these investment markets, it is expected that actual economic investment will eventually be gradually activated.
In that sense, we should pay attention to USDT's fund concentration phenomenon.
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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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NASFor now I'm neutral on NAS I will be looking at others such as SPX and US30.
we have taken yesterdays high and some intermediate SSL so one possibility could be to come back down I still see potential in the FVG left behind but for now there is just too much bullish momentum. we have a FVG above on the daily time frame so two possibilities.
1. Breaks structure to the down side targeting the gap below to then continue higher.
2. continues on a BULL run and targets gap above and possibly come back down to reprice or take highs above.
will continue to monitor as we move further this week looking to attempt my 2nd challenge this week.
Dollar bulls on the rise? (DXY)The American Dollar Index (DXY) appears to be forming a double bottom pattern similar to the one it formed in March 2022. This pattern is considered a bullish chart pattern that indicates a potential trend reversal from a downtrend to an uptrend. A breakout from this pattern could trigger a significant rally in the dollar, possibly up to the 110 price level.
However, this bullish outlook for the dollar could have implications for other markets, particularly the crypto and stock markets. Historically, the dollar and these markets have had an inverse relationship, where a strong dollar usually leads to a weaker performance in the crypto and stock markets. Therefore, if the dollar rally materializes, it could lead to end-of-year lows for these markets.
Traders and investors should monitor the DXY closely for any breakout signals from the double bottom pattern and adjust their trading strategies accordingly.
Nasdaq -> Bulls Are In ControlHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is actually approaching a quite obvious previous weekly support/resistance zone at the $13,500 level which is now turned resistance once again.
You can also see that from a weekly perspective, market structure is extremely bullish, moving averages are also bullish and we just recently broke above and retested a previous weekly resistance which was then turned support so from a weekly perspective I simply do expect a deeper retest of the next resistance at the $13,500 before I then do expect a short term rejection towards the downside.
On the daily timeframe you can see that with today's candle, Nas100 is finally breaking above a previous daily strong resistance area so market structure is now bullish again - I am just waiting for a little bit more upside, then a retest of the previous resistance which is then turned support and then I do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NAS100USD Will Move Higher! Buy!
Take a look at our analysis for NAS100USD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 13250.4.
The above observations make me that the market will inevitably achieve 13359.3 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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1hour Nas100On the 1hour chart of nas100, a ranging period is observed. The market has hit the range at 3 different points (2 at the top, 1 at the bottom). Before the bullish breakout is observed (refer to the link attached), the market will have to even out the number of times it has hit the range therefore the move in the range would be a bearish one.
24hr bullish Nas100A 'w' pattern formed which indicates a reversal in the trend (bearish) so we should be expecting a bullish move this week. It's also important to note that the retracement that always happen after a pattern has been formed have already happened so it is safe to open a position based on the daily chart. The expected tp is indicated by the rectangle.
NQ1! NAS100 NASDAQ 2023 MAY 08NQ scenario 4, rotational trade yielded 470pts from 3 trades.
Test and Reject/Accept setups consistently offers low risk trades.
NQ was in rotation for a month now.
Friday saw a low volume mark up, and could be trapping longs.
Previous scenario planning remains.
Given the rotation has progressed thus far, inexperienced traders should just wait.
CAPS FOR EMPHASIS-MY TENDENCY TO TRADE SCENARIO4 WILL NOW BE DIMINISHED.
Possible scenarios:
1) Market stuck in a 250pt range, wait till supply/demand is resolved
Then:
2) Breakout of upper boundary to test 13740 = long at support of upper boundary of range
3) Breakdown of lower boundary of range = Short on rejection of 12950
4) The longer the rotation, the riskier will be rotational trade.
Long on support between 12950-13040 | Short on rejection between 13350-13212
Volume Analysis:
Friday's mark up on average volume, with close away from the high, is weakness on the bar.
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14361 13740 13350
13316 12950 10710 - 11068
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Have a profitable trading week ahead.
*For educational purpose only.
US100 Index (NASDAQ): Your Trading Plan For Next Week
US100 index is trading in a bullish trend on a daily.
The price has formed a cup and handle patter approaching 13290 resistance.
The next bullish move will be confirmed after a breakout (daily candle close above) of the underlined
yellow area.
A bullish continuation will be expected to 13500 level then.
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