US NAS 100
Nasdaq Outlook: 07-NOV-2024Good morning, traders! Welcome to today's Nasdaq market analysis. Compare my price action insights with your own charts and enhance your trading skills.
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NAS100USD / UNDER DOWNWARD PRESSURE / 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Market Movement Post-Election:
The analyst mentions that after Trump’s victory, NAS100USD rose by 610 pips (a pip here likely refers to a unit of price change in the index, even though “pips” are more common in forex markets). This initial increase reflects market optimism or a reactionary move post-election.
Current Supply Zone:
The NAS100USD is currently trading in a “supply zone” between 20,662 and 20,788. A supply zone in trading refers to a price range where there’s likely to be selling pressure. The price is near its all-time high (ATH) around 20,788, which could mean resistance.
Potential Scenarios Based on Price Action:
If a 4-hour candle opens and stays below the ATH level of 20,788, the analyst expects a decline in the price. This might reach a fair value gap (FVG) between 20,482 and 20,335. An FVG often suggests an area where the price could correct or balance out.
If prices move lower, they could reach a demand zone between 20,088 and 19,961. A demand zone is a price range where buying interest could push the price back up.
Scenario for an Upward Move:
Conversely, if a 4-hour candle closes above the ATH level, it suggests a potential continuation of the uptrend. The price might then aim for a new historical range between 20,972 and 21,125.
NAS100USD / UNDER UPWARD PRESSURE / 4H NAS100USD / 4H TIME FRAME
HELLO TRADERS
Current Status:
Prices have increased and hit a target with a +175 pip profit.
Prices are now approaching a demand zone (an area where buying interest might be strong enough to prevent further price declines).
Demand Zone Stabilization:
If prices stabilize in this demand zone, there is potential for further upward movement towards a supply zone (an area where selling interest could cause a reversal).
Key Supply and Demand Zones:
Supply Zone: Between 20,188 and 20,300. If prices rise and break through this level, it may confirm an uptrend and lead to further gains ,Primary Demand Zone , Between 19,963 and 19,735. A break below this level would suggest a downward movement, potentially heading towards the next demand zone , Secondary Demand Zone , Between 19,515 and 19,366. This is likely the next area where prices could find support if they fall through the primary demand zone.
Overall Market Trend:
The market is currently under upward pressure, indicating a bullish bias.
For a confirmed uptrend, prices need to break through the supply zone (20,188-20,300).
For a confirmed downtrend, prices would need to break below the demand zone (19,963-19,735).
Bearish Reversal Signals: Will the Price Reverse?4H Timeframe
Current Price: 20,030.9
Bearish Signals:
• Rising Wedge (Bearish Reversal)
• Ascending Broadening Wedge (Bearish Reversal)
Expect the price to test the first price target (PT), followed by the second. Resistance may trigger a bearish reversal after reaching these levels. If the price finds support, we may reach the third PT, which is at the upper trendline of the rising wedge. Then, after reaching our bullish targets, the price would likely start its bearish reversal to eventually reach 18,749.0.
Price Targets:
Bullish:
• 1st TP: 20,210.3
• 2nd TP: 20,351.4
• 3rd TP: Upper Trendline of Rising Wedge
Bearish Reversal:
• 1st TP: Broadening Wedge Lower Trendline
• 2nd TP: Lower Trendline of Rising Wedge
• 3rd TP: 18,749.0
Happy Trading!
NAS100USD / TRADING UNDER EARNING Q3 / 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Initial Achievement , Prices have reached a target with a profit of +350 pips, indicating successful movement in the predicted direction.
Current Trading Range , Prices are currently within a Fair Value Gap (FVG) between 20,549 and 20,410. An FVG is an area where liquidity may exist, so prices might experience some consolidation here.
If prices break below 20,146 (the demand line) and hold there, this would likely confirm a downtrend , A demand line often indicates support, where buyers might step in to prevent further drops.
Stabilizing within the FVG (above 20,410) suggests potential to reach 20,820 and further to 20,968 , If prices stabilize above the demand line, this would indicate strength and could push prices towards the target.
Overall Sentiment , The analysis concludes with an upward pressure bias, suggesting the analyst anticipates more bullish movement despite potential consolidation zones.
Nq potencial bullish flatSeems like NQ is in a Bullish flat formation, that will take another few weeks maybe couple months to resolve.
Still Bullish longer term as long as August low is not pierced!
Long around b (in blue) of 3 (green) to new ATH's... then we'll be looking for signs of bearishness and entry to short for a big 5 waves down!
NAS100USD / UNDER EARNING Q3 / 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Current Upward Momentum , The NAS100USD is moving upwards, likely driven by positive sentiment or market reaction to Q3 earnings. It indicates that buyers currently dominate the market, pushing prices higher.
Supply Zone (20,418 - 20,522) , This is a potential resistance area. If prices reach this zone, they may face selling pressure. If sellers overpower buyers, it could lead to a downward movement from this level.
Demand Zone (19,963 - 19,753) , If prices begin to decline from the supply zone, this demand zone serves as a support area. Here, buyers might step in, leading to a potential bounce or stabilization. This level might offer a good entry for long positions if the overall trend remains bullish.
Breaking the Supply Zone , If NAS100USD breaks above 20,522, it would signal a continuation of the upward trend, targeting the next supply level around 20,820. This would indicate strong buying pressure and positive momentum, likely driven by sustained optimism or robust earnings.
NAS100USD Will Go Lower From Resistance! Sell!
Here is our detailed technical review for NAS100USD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 20,274.5.
Considering the today's price action, probabilities will be high to see a movement to 20,102.3.
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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Importance of the 20212.7-20357.0 section
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There may be differences in the support and resistance points I mentioned in the previous idea due to changes in the indicator you are using.
Please understand this.
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Since indicators are expressed according to the movement of price or trading volume, it is not good to blindly trust indicators.
However, if you look at the movement of the indicator, you can have time to decide how to respond in the future.
In that sense, I think the StochRSI indicator is showing signs of creating a double bottom.
In the meantime, if it enters the oversold zone, I think it is highly likely that it will lead to an additional decline.
Therefore, if it falls from 20212.7, it is expected to fall to around 19823.6.
Therefore, whether there is support around 20212.7-20357.0 is an important issue.
The most important support and resistance area is around 19582.6.
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Have a good time.
Thank you.
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NAS100USD / AFTER EARNING Q3 / 1HNAS100USD / 1H TIME FRAME
HELLO TRADERS
After the Q3 earnings report was released, prices showed volatility (declines and increases), suggesting market uncertainty or instability.
Current Price Level , Prices are currently below the supply line at 20,382, indicating downward pressure.
Downside Projection , If the decline continues, the price may reach the demand zone between 20,184 and 20,138. If it falls further, the next target range is between 20,084 and 20,041.
Upside Potential , If prices break above the supply line (20,382), the analysis suggests that prices could rise toward a supply zone between 20,460 and 20,523.
Range and Time Frame , The price movement is taking place within the range of 20,041 to 20,523 on a 1-hour time frame, which means this analysis is for short-term trading.
Supply Zone : 20,460 and 20,523.
Demand Zone : 20,184 and 20,138 , 20,084 and 20,041.
NASDAQ - It's Not All Doom And Gloom...NASDAQ 2WEEK CHART
Red EMA = Weekly 50EMA
Blue EMA = Monthly 50EMA
Nasdaq is on a steady incline but with all good things, it must end... kinda. Every so often we get a big correction. The last time we got a correction was in early 2022 where we saw a drop of 38%! After the corrective period ended, we saw a climb of over 100%.
It is likely that we'll see a similar corrective period soon.
We have the Weekly EMA holding up price, which has been respected really well. We can use that as confirmation to tell us when the corrective period has started.
We also have the monthly EMA which we can use to gauge where we'll bounce off from. We could see another 30%-40% drop for the next correction, which will lead us nicely to the monthly EMA where we have seen a bounce previously.
We're still expecting price to move a little higher so we'll be keeping a close eye on this.
As to what will cause this correction is yet to be determined. Various fundamental factors can play a part such as War, Recession, Inflation etc.
If interested in receiving updates for this analysis, do drop a comment and we'll be sure to keep this updated!
Goodluck and as always, trade safe!
NAS100USD shows volume up (↑)Trading is all about repeated patterns, and the most unlikely pattern are the one that goes against the trend. Either way it might just be a 50% chance of being right, but then once you're right, the chances of your trade to make a big move is even higher. Now the repeated pattern on this chart is determined by volume, it is recently showing repeated movements up with more volume up on each repeated move. The first line shows a potential pattern and the second white line shows the next point which a repeated move will go unless there's a reversal which are not showing at the moment.
NAS100USD / TRADING INSIDE FVG AREA / 1H NAS100USD / 1H TIME FRAME
HEELO TRADERS
Price Movement and Supply Zone , After prices increased and reached a supply zone, they began to decline , A supply zone refers to a price area where selling pressure exceeds buying pressure, causing the price to drop.
Current Trading Range (FVG) , The price is currently trading between 20,272 and 20,200, which is considered an FVG (Fair Value Gap) , FVG represents an imbalance between buyers and sellers, where prices move quickly and leave a gap that hasn’t been filled. The price is stabilizing within this zone.
Expected Price Movement , If prices hold within this FVG range, there’s an indication that they may increase and test the supply zone between 20,416 and 20,521 ,However, if the price breaks below this FVG area, a further decline is expected towards a demand zone between 20,138 and 20,068.
Demand Zone and Potential Rebound , The demand zone, where buying pressure is stronger than selling pressure, suggests a potential price increase if the price stabilizes in this zone , But if the price breaks below this demand zone, it signals confirmation of a downtrend.
Supply Zone : 20,416 and 20,521.
Demand Zone : 20,138 and 20,068.
FVG : 20,272 and 20,200.
Nasdaq Breakdown: Today’s Metrics and Analysis 18-OCT-2024Good morning, traders! As a seasoned price action trader, I'll share my Nasdaq insights to help you improve your trading skills.
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#MarketInsights
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#StockMarketAnalysis
#TradingStrategies
#RiskManagement
#InvestorEducation
#FinancialLiteracy
#EarningsSeason
#FederalReserve
#EconomicIndicators
#MarketVolatility
#GlobalMarkets