NAS100USD Will Fall! Sell!
Take a look at our analysis for NAS100USD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 21,154.9.
The above observations make me that the market will inevitably achieve 20,542.8 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.
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US NAS 100
Navigating NAS100 with Key Levels and Market SentimentKey Levels:
Resistance remains at 21,600–21,700, where price is struggling to sustain higher levels.
Support lies around 20,800–21,000, a strong buy zone on higher timeframes.
Fundamental Outlook:
With upcoming key data (FOMC and GDP), markets are likely to remain volatile.
A hawkish FOMC statement may lead to bearish pressure, pushing NAS100 lower toward the 20,800–21,000 support zone.
Conversely, dovish commentary or weak GDP figures could provide a bullish breakout above 21,600, targeting 21,800–22,000.
Rationale:
The price is testing a major resistance zone (21,600–21,700) but shows signs of hesitation and rejection on multiple timeframes.
A hawkish FOMC decision or commentary could trigger a sell-off, aligning with the probability of bearish momentum.
Action:
If price fails to break and hold above 21,600, short near 21,550–21,600.
Stop Loss: 21,700
Take Profits:
TP1: 21,300
TP2: 21,000
TP3: 20,800
Focus on a short position, especially if price fails to sustain above 21,600 during the London or New York sessions
NAS100USD Will Grow! Long!
Here is our detailed technical review for NAS100USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 21,546.0.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 21,980.8 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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#NAS100USD 4HNAS100USD (4H Timeframe) Analysis
Market Structure:
The price has formed a sell engulfing candlestick pattern in a key resistance area, indicating increased selling pressure. This bearish reversal pattern suggests that sellers are gaining control, and the price may start moving lower from this area.
Forecast:
A sell opportunity is expected as the sell engulfing pattern signals a potential bearish reversal. The price is likely to target nearby support levels if the selling momentum continues.
Key Levels to Watch:
- Entry Zone: Near the sell engulfing area after confirmation of continued bearish pressure.
- Risk Management:
- Stop Loss: Placed above the high of the sell engulfing candlestick to manage risk.
- Take Profit: Target significant support levels below for potential downside movement.
Market Sentiment:
The sell engulfing candlestick pattern reflects bearish sentiment, suggesting a potential reversal from the current resistance area. Proper confirmation is recommended before entering the trade to align with market momentum.
NAS100USD, Long Setup H1 chart👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 timeframe ICT Long setup in
NAS100USD for session trade (a couple of Hours)
Cup and Handle Breakout!
Here is a session trade idea Sell limit order level for reference, TP and SL in pips
Cancel limit order before any great news in Forex.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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Nasdaq market analysis: 23-Jan-2025Good morning. Welcome to today's Nasdaq market analysis and educational insights for price action traders.
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The key is whether it can be supported at 21673.4
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Important factors when analyzing charts are
- Support and resistance points
- StochRSI indicator
If you have the above two factors, I think you can analyze the charts quickly and briefly.
Support and resistance points should be drawn on 1M, 1W, and 1D charts.
You can analyze the chart by checking whether the line drawn in this way is supported or not while referring to the movement of the StochRSI indicator on the 1D chart.
The 21673.4-22013.5 section, which is indicated as a high point boundary section, is likely to act as resistance.
However, since the StochRSI indicator has entered the overbought zone, it is important to see if it can break through the high point boundary zone upward.
In other words, we can see that the high point boundary zone is more likely to act as resistance.
The volatility period is expected to occur around January 29.
Therefore, in order to maintain an upward trend, it must show support at the high point boundary zone after the volatility period.
If not, it will eventually fall.
At this time, what we should pay attention to is the movement of the StochRSI indicator.
The longer the StochRSI indicator remains in the overbought zone, the more likely it is that the StochRSI indicator will show a large decline if there is a slight price decline.
When the StochRSI indicator falls to or below the 50 point, if it shows support at around 21673.4, it is highly likely that it will show an upward trend by breaking through the high point boundary zone upward.
To maintain the current short-term uptrend, the price needs to stay above 21068.2-21321.9.
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The settings for the StochRSI indicator are 14, 7, 3, 3 (RSI, Stoch, K, D).
The source value is ohlc4.
With these settings, you can see the movement similar to the StochRSI indicator on my chart.
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Thank you for reading to the end.
I hope you have a successful trade.
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Uptrend or Reversal? Unpacking a Case for NAS100! The NAS100 has been trending bullish recently, but when we zoom out to a higher timeframe, there’s a case to be made for a potential bearish opportunity. In the video, we explore the trend, price action, and market structure, analyzing how it’s approaching a key resistance level. We also discuss a possible trade setup if the conditions align. This is not financial advice.
NAS100USD Is Going Down! Short!
Take a look at our analysis for NAS100USD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 21,454.6.
The above observations make me that the market will inevitably achieve 20,638.8 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.
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NAS100USD Will Go Down! Short!
Please, check our technical outlook for NAS100USD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 20,839.6.
Taking into consideration the structure & trend analysis, I believe that the market will reach 20,544.5 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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