EUR/USD : Possible Fall Ahead? (READ THE CAPTION)By analyzing the #EURUSD chart on the 3-day timeframe, we can see that the price finally hit the 1.044 target, delivering a 250-pip return. Currently, EUR/USD is trading around the 1.041 level. If a strong rejection occurs at this zone, we can anticipate a potential drop toward 1.035 as the first target and 1.025 as the second target. This analysis will be updated accordingly!
The Main Analysis :
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Nasdaq
Bizarre NASDAQ Movements 25.01.23Hello, this is Greedy All-Day.
Today’s analysis focuses on the NASDAQ.
Wednesday’s Analysis Results
Chart:
Buy Perspective:
No buy signals were provided.
Sell Perspective:
The first signal for a sell was the break below the ascending trendline, as mentioned earlier.
After the Asian session ended on 25.01.23, the ascending trendline was broken, triggering a sell.
The price dropped by approximately 71 points after the breakdown, yielding a $1,400 profit per contract.
Following Up on Yesterday’s Setup
Chart:
The rising wedge pattern did not fully complete. Instead, the NASDAQ created a new trend in the red box, pushing even higher than the previous pattern.
It eventually re-entered the pattern but has not yet confirmed a full breakout.
A more conservative trading approach would be to wait for a break below the blue zone to confirm a trend reversal.
NASDAQ on the 4-Hour Chart
Chart:
As previously noted, the NASDAQ broke above the upper boundary of the orange box, rallying to 22093 (near the next supply zone’s upper boundary) before a pullback began.
The uptrend remains intact for now.
However, there are some red flags:
The NASDAQ’s momentum appears to weaken, as corrections are becoming more prominent during the end of the U.S. session and in the Asian + European sessions.
Daily Chart Analysis
Chart:
On the daily chart, the current candle is an inside bar following three consecutive bullish candles.
Key Levels:
Resistance: ~22000
Support: ~21806
How today’s daily candle closes will likely play a critical role in determining the market direction for the rest of the week.
Today’s Trading Strategy
Chart:
Buy Recommendation:
None.
Reason:
The price has risen significantly, and it seems prudent to observe the market for now.
While the uptrend is still intact and the price could continue higher without offering clear entries (as seen yesterday), preserving your capital is just as important as making profits.
Sell Recommendation:
Entry: Upon breaking below the orange ascending trendline.
Reason:
Breaking this key trendline could signal a major shift in the market structure.
If this happens, it’s unclear whether the price will test the purple resistance trendline or if a full trend reversal will occur.
Regardless, entering a sell near the highs offers a favorable risk-reward opportunity.
Conclusion
The NASDAQ has displayed strong upward momentum but also signs of weakening, especially in the non-U.S. sessions.
For buyers: Observe from the sidelines and avoid chasing the price.
For sellers: Look for a trendline breakdown to enter positions near the highs, as this could signal the start of a broader reversal.
Stay disciplined and focused. 🚀
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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MNQ!/NQ1! Day Trade Plan for 01/22/25MNQ!/NQ1! Day Trade 🎯 for 01/22/25
📈 22147.5 (NEXT LEVELS: TBD)
📉 21567.75 (NEXT LEVELS: TBD)
1/2 way mark 📈 22002 & 📉 21712.75
Like and share for more daily ES/NQ levels 🤓📈📉🎯💰
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
Today analysis for Nasdaq, Oil, and GoldNASDAQ
The NASDAQ closed higher on news of President Trump’s plans to expand AI investments. It surged strongly to the upper Bollinger Band on the daily chart, lifting the MACD above the zero line. However, a gap formed due to Netflix's earnings report, and there is a possibility that this gap could be filled during future corrections.
While the signal line remains below the zero line on the daily chart, indicating the potential for a pullback, strong buying momentum on the 240-minute chart suggests the NASDAQ could rise further to the 22200–22300 zone. A sell-off might emerge only if the MACD on the 240-minute chart dead crosses the signal line, signaling a shift to a bearish trend. There is also upside potential to 22250, the upper boundary of the weekly chart, so it's wise to keep this level in mind.
For now, focus on buying dips, but keep an eye on the transition from an uptrend (positive alignment) to a downtrend (negative alignment) on the short-term charts. If the 240-minute MACD dead crosses, it could signal a correction, so monitor the price movements closely.
CRUDE OIL
Crude oil closed lower, consolidating in a box range near the $75 level. The large bullish candle from January 10 serves as a key reference point, with the midpoint of that candle acting as a support level.
For a rebound on the daily chart, a bullish candle needs to form. Currently, the MACD is closely aligned with the signal line. If the MACD avoids a dead cross and turns upward, there’s a high chance of a third bullish wave. Keep an eye on the upcoming crude oil inventory data to see if it triggers a trend reversal.
On the 240-minute chart, the MACD is attempting to cross above the signal line in the oversold zone, showing a potential for a rebound. With prolonged consolidation around $75, a strong upward move could follow any breakout. Avoid chasing shorts, and if the price drops to $74, it could provide a great buying opportunity.
GOLD
Gold closed higher, breaking above the 2760 resistance level. This breakout opens the possibility of further gains to the upper Bollinger Band on the weekly chart, around 2780. However, the divergence between the MACD and the signal line on the weekly chart makes a further golden cross less likely, meaning a correction could occur in the next week or two.
On the daily chart, the bullish trend remains strong, making it advisable to avoid short positions. The 240-minute chart shows a third bullish wave following a golden cross of the MACD, supporting further gains. Ideally, continued strength above 2780 would prevent a divergence from forming on the MACD, which could lead to a sharp decline if unaddressed.
For now, use 2760 as support and focus on range-bound trading while monitoring for a potential breakout above key levels. Always be prepared for volatility and manage risk carefully.
Positive market momentum is being driven by new government policies and plans, including tariffs, the Stargate Project, and expanded AI infrastructure investments. These developments could act as catalysts for further gains. Stay updated on these issues, and as always, manage your risks carefully. Best of luck with your trading today!
■Trading Strategies for Today
NASDAQ - Range-bound Market
-Buy: 21920 / 21870 / 21790 / 21720
-Sell: 22035 / 22075 / 22135 / 22230
Crude Oil - Range-bound Market
-Buy: 75.10 / 74.70 / 74.30 / 73.60
-Sell: 75.70 / 76.20 / 76.75 / 77.10
Gold - Bullish Market
-Buy: 2759 / 2754 / 2748 / 2738
-Sell: 2771 / 2778 / 2783 / 2794
These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks.
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2025-01-22 - priceactiontds - daily update - daxGood Evening and I hope you are well.
nasdaq e-mini futures
comment: Market went a couple of points short of the previous lower high 22111 but it probably won’t mean much. We are close enough that we can retest the ath now. There is a big gap even on futures down to 21700 and if that stay’s open, bulls can go higher. We have the big upper bull trend line that goes to around 22600, so this could be a potential target. Bears need to get below 21900 to turn the market a bit more neutral.
current market cycle: trading range (obvious bull trend on lower time frames)
key levels: 21800 - 22600
bull case: Strong buying through the day and then a melt-up on US open. Bulls are in full control and have their eyes on the ath 22450. We have two bull trend lines that should hold. One is very close to 21980 which will likely be broken during the Globex session and the next around is currently at 21780.
Invalidation is below 21700.
bear case: I don’t think bulls should allow the market to fall that much if they want a new ath. Either we keep the momentum going or we might go sideways here and print another lower high. Bears are not doing anything right now except some after hours spikes but they go nowhere. Tuesday night was decent but no follow-through and we have just melted since. First target for the bears is to get below 21900 again and then test the other trend line below us.
Invalidation is above 22600.
short term: Bullish after pull-backs. I won’t look to short this until bears have shown much more strength.
medium-long term - Update from 2024-01-22: Let’s see if we print a new ath and what kind of reaction follows. For now I think we go much more sideways 20000 - 22600/23000.
current swing trade: None
trade of the day: Buying anywhere below 22000 was pretty amazing since first hour in Globex printed the low.
The NASDAQ is Approaching a Selling OpportunityCurrently, the NASDAQ is showing a strong uptrend on the daily chart, but the gap between the 3-day and 5-day moving averages has significantly widened. Even if the market opens with a gap up today, a pullback is likely due to this divergence, so chasing buys is not recommended.
For selling at the top, consider these levels: 21940, 22040, and 22110. Especially near 22040, the resistance zone aligns with the upper Bollinger Band, making it a favorable level for selling.
Following President Trump’s announcement of expanded AI infrastructure investments, AI-related stocks like NVIDIA have surged. However, it’s unlikely that the rally will continue significantly from this point. Additionally, the NASDAQ has already triggered a sell signal on the 30-minute chart, and this could cascade into sell signals on the 60-minute, 120-minute, and 240-minute charts. Be cautious about chasing long positions.
For dip-buying opportunities, 21770, a previous resistance level, may serve as a good entry point if the market pulls back. Should the price drop to the 5-day moving average, 21630 would offer an even better buying opportunity.
I post daily analysis on the NASDAQ, Crude Oil, and Gold. Follow me to receive these updates and stay informed! 😊
Nasdaq-100 H1 | Bullish uptrend to extend further?Nasdaq-100 (NAS100) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 21,711.75 which is an overlap support.
Stop loss is at 21,600.00 which is a level that lies underneath a pullback support.
Take profit is at 21,961.16 which is a pullback resistance.
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Wednesday is good day to trade Nasdaq 25.01.22Hello, this is Greedy All-Day.
Today’s analysis focuses on the NASDAQ.
Tuesday’s Briefing Results
Chart:
Buy Perspective:
A buy position was recommended upon the breakout above 21812.
The entry zone is marked with the blue box on the chart.
The breakout occurred as a gap-up before the Asian session, resulting in a current gain of approximately 65 points.
Profit: $1,300 per contract.
Recommendation: Consider closing the position here for a conservative approach, as the target has not yet been reached.
Sell Perspective:
The black box indicates the sell perspective zone.
No sell entries were triggered as the ascending trendline was not broken.
Daily Chart Analysis
Chart:
Key Observations:
The current resistance zone is the green box at 21896.75, which aligns with the high from January 6, 2025.
A breakout above this zone would open the next supply zone at the orange box highs, with major resistances at 22111.25 and 22425.75.
While further upside is possible, historical patterns suggest caution: three instances of sharp declines occurred near similar zones.
Recommendation: Stay flexible and prepared for movement in either direction rather than committing to a single bias.
NASDAQ Scenario Analysis
Chart:
Scenario 1: Rising Wedge Continuation
The NASDAQ has been rising in a stair-step fashion since the 21173.5 low, with pullbacks testing support after breaking resistance trendlines.
Evidence: After breaking the blue resistance trendline, the price retested the yellow box before continuing upward.
If 21896.75 (major resistance) fails to break, the price may retest the blue box (red trendline support).
Optimal Strategy: Wait for a breakout above the major resistance at 21896.75 before entering long positions.
Scenario 2: Sharp Decline Possibility
Historical patterns (green box and orange box) show that during the Asian and European sessions, the NASDAQ often rises, forms a supply zone, then sharply declines before the U.S. session.
A similar sharp drop from the red box zone is possible.
Today’s Trading Strategy
Chart:
Buy Strategy:
None.
Reason: Although a breakout above 21896.75 could signal a buy, the risk level is high. New buy entries are not recommended.
Sell Strategy:
Entry 1:
Trigger: Break below the green ascending trendline and 21696.25.
Reason: A breakdown would indicate a potential retest of major support levels (refer to earlier chart analysis).
Entry 2:
Trigger: Break below the orange ascending trendline.
Reason: Completion of the rising wedge pattern (refer to earlier chart analysis).
Conclusion
The NASDAQ is approaching a critical juncture:
For buyers: A breakout above 21896.75 could lead to further upside, but entry at current levels carries significant risk.
For sellers: Focus on trendline breakdowns, particularly below 21696.25 or the orange ascending trendline, to confirm potential downside momentum.
Stay cautious, monitor key levels, and trade strategically. 🚀
Today analysis for Nasdaq, Oil, and GoldNASDAQ
The NASDAQ closed higher, combining two days of movement into one candle. As anticipated, it rose during the pre-market session but declined during the main session. The daily chart formed a bullish candle, confirming yesterday's buy signal. The bullish trend on the daily chart is likely to continue, but with the current significant gap between the 3-day and 5-day moving averages, a pullback followed by renewed buying pressure is expected.
It is essential to focus on dip-buying rather than chasing prices. However, keep in mind that the weekly chart still shows a sell signal, and both the MACD and signal line on the daily chart remain below the zero line, indicating the possibility of a reversal to a bearish wave at any time.
On the 240-minute chart, the buy signal is intact, and the upward trend continues. However, there is no significant improvement in market liquidity. A strong bullish candle that breaks the box range is needed, but such a move has not yet materialized. Therefore, pre-market sessions may show mixed movements. Selling at resistance levels for box-range trading is advisable. Be mindful of potential volatility due to executive orders from President Trump, which could lead to sharp price swings.
CRUDE OIL
Crude oil closed lower, finding support at the $75 level. As mentioned previously, the $74–$75 range aligns with the 5-day moving average on the weekly chart and serves as a critical support zone, making it a favorable area for dip-buying.
With a 400-tick drop from the $79 high and no dead cross between the MACD and signal line on the daily chart, there is a high probability that oil will rebound as the MACD supports the signal line. On the 240-minute chart, the MACD and signal line have dipped below the zero line, which could accelerate selling momentum. However, the 60-period moving average on the 240-minute chart continues to slope upward, suggesting that selling should be avoided and buying at key support levels is a better approach.
GOLD
Gold closed higher, leaving a lower wick near key support levels. On the weekly chart, resistance remains overhead, but the daily chart indicates that the trend could continue upward, making dip-buying a favorable strategy.
The MACD and signal line on the daily chart remain in an upward trajectory, and a breakout above the 2760 resistance level could open the way to 2780. On shorter timeframes, consolidation followed by a golden cross of the MACD and signal line is evident, while the 240-minute chart has also confirmed a golden cross.
Although further upside is likely, the significant divergence between the MACD and its previous peaks on the 240-minute chart increases the probability of divergence after a substantial rally. Therefore, refrain from chasing prices after a sharp rise and instead focus on buying dips near key support levels while monitoring the breakout above 2760.
Market volatility is intensifying due to President Trump’s remarks. Similar patterns were observed during his first term, as his statements, often made via social media, caused significant fluctuations in the futures markets. Ensure proper stop-loss levels and manage risks carefully in this volatile environment.
■Trading Strategies for Today
NASDAQ - Range-bound Market
-Buy: 21770 / 21710 / 21630 / 21590 / 21530
-Sell: 21880 / 21940 / 22040 / 22110
Crude Oil - Bullish Market
-Buy: 75.10 / 74.60 / 73.60 / 73.00
-Sell: 76.30 / 76.70 / 77.10 / 77.50
Gold - Bullish Market
-Buy: 2751 / 2743 / 2738 / 2731
-Sell: 2767 / 2777 / 2782 / 2787
These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks.
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MNQ!/NQ1! Day Trade Plan for 01/21/25MNQ!/NQ1! Day Trade 🎯 for 01/21/25
📈 21755 (NEXT LEVELS: 21850, *21905*, 21940, 22000)
📉 *21370* (CLOSER LEVELS: 21305, 21270, 21210, 21185)
1/2 way mark 📈 21659.5 & 📉 21464.5
Like and share for more daily ES/NQ levels 🤓📈📉🎯💰
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
NASDAQ: 4H MA200 held, Channel Up targeting 21,850.Nasdaq has just turned bullish on its 1D technical outlook (RSI = 56.079, MACD = 48.410, ADX = 18.587), which is a strong buy signal after two days of consolidation, considering that the short term pattern is a Channel Up. Assuming that consolidation was its latest correction that had to test the 4H MA200 as support, we now expect the pattern to resume the uptrend and target the R2 level (TP = 21,860).
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Retracement phase till April 2025 and then??? who knows...Offcourse the chart is self explanatory.
on daily timeframe where it touches the 200 SMA.
It means that the long term downtrend is gonna start.
Still a big no.... it has to touch the monthly resistance around 200 area.
Dear Traders, Go away and check for another mind.
as investor I already took my position at 240. Will take more position around 200 price.
Let's analyse it again in April-May 2025.
NASDAQ, all sell signals are about to alignThe Nasdaq is currently showing sell signals on the 60-minute, 120-minute, and 240-minute charts, indicating a high possibility of further decline. If a bearish candle forms on the 240-minute chart as well, the sell signal will be confirmed, making additional price drops inevitable. The direction of the candles is expected to be determined in about 2 hours, and if the price falls, there could be a strong downward shockwave breaking below 21,500, so caution is advised.
On the daily chart, the price is still supported by the 5-day moving average, so it may temporarily appear to rise. However, a clear buy signal has not yet appeared, and the price is likely to test the lower support level around 21,000, potentially forming a double bottom. Aggressive chasing of a buy position is not recommended at this point; it would be more advantageous to sell at the highs. The key support level for buying is projected to be 21,570. If this level is breached, buying from the lower range would be the most favorable strategy.
It is unlikely that a significant upward surge in buying will occur today, so it is better to focus on selling during any price increases.
Technical Analysis on BloomZ Inc. (NASDAQ: BLMZ)The current price of BLMZ stands at 0.500, marking a 3.85% decline for the day. The stock is trading below all key moving averages, including the short-term MA5 (0.509) and MA10 (0.545), as well as the longer-term MA20 (0.562), MA30 (0.561), and MA60 (0.650). This suggests a sustained bearish trend, with selling pressure dominating the market.
Support is evident at 0.450, which aligns with recent lows, while a stronger support level can be identified at 0.392, reflecting a prior low. On the upside, immediate resistance lies at 0.520, which coincides with the previous day’s close. Beyond that, the next significant resistance zone is around 0.560-0.562, where the MA20 and MA30 converge, potentially attracting sellers.
The trading volume is relatively subdued, indicating weak buying interest or a lack of market participation at current levels. Overall, the stock remains bearish but is approaching a critical support level. A breakdown below 0.450 could lead to further downside towards 0.392, whereas a rebound may struggle to overcome resistance at 0.520-0.562. Neutral positioning is advisable until a clear directional move is confirmed.
DOW JONES INDEX (US30): Back to Bullish Trend
US30 Index completed a bullish accumulation in a wide
horizontal sideways range on a daily.
Its resistance was broken on Friday and we see a positive
bullish reaction to that after its retest.
There is a high probability that the market will continue rising.
Next resistance - 44360
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NASDAQ After Trump's Inauguration 25.01.21Hello, this is Greedy All-Day.
Today’s analysis focuses on the NASDAQ.
Monday’s Briefing Results
Chart:
Buy Position:
A breakout above the high occurred 45 minutes before the U.S. session opened, reaching the buy-entry zone at 21682.5.
While the target of 21812 was not achieved, the price increased by 95 points, generating approximately $1,900 in profit per contract.
Sell Position:
During the Asian session, after breaking the ascending trendline, a sell-entry opportunity emerged at the yellow box.
Following the entry, the price dropped by 183 points, yielding approximately $3,660 in profit per contract.
Total Results:
Based on Monday’s briefing, a total profit of approximately $5,560 per contract was achieved.
Daily Chart Analysis
Chart:
Due to Monday’s market closure, the daily candle for Monday has yet to close, and it will likely complete after Tuesday’s U.S. session.
Key Observations:
The sharp drop during the Asian session found support at the 20 EMA on the daily chart.
The 20 EMA is currently at 21387, and whether this support holds will be crucial in determining the market’s direction.
Bearish Scenario:
If the 20 EMA fails to hold, traders should prepare for a potential trend reversal.
Bullish Scenario:
Resistance was observed at the green box, particularly near the January 7 bearish candle’s high.
If Tuesday’s session closes above the 21806–21896.75 zone, it could signal a breakout above the supply zone and a trend reversal.
A critical point for buyers is whether the current price action can engulf the large bearish candle with a bullish one.
15-Minute Chart Analysis
Chart:
Key Insights:
During the Asian session’s sharp decline, the NASDAQ bounced off the upper boundary of the blue box supply zone.
However, it broke the yellow box ascending trendline, leaving uncertainty about whether the current rebound is a dead cat bounce or a genuine reversal.
The market may react strongly to the president’s inauguration speech and subsequent remarks, which could provide clear direction.
Recommendation:
At this point, trading either direction is a 50-50 probability. It’s advisable to wait for a clear breakout or breakdown before entering a trade.
Today’s Trading Strategy
Chart:
Buy Strategy:
Entry: Breakout above the yellow box high at 21779.
Rationale:
The sharp drop during the Asian session has broken the upward channel.
A breakout above the high would confirm that bullish momentum has returned.
Risk:
The next resistance is close at 21812, and whether this level is broken will be crucial for further upside potential.
Sell Strategy:
Entry:
Break below the ascending trendline, or
Break below both the trendline and the Asian session low at 21377.
Rationale:
The rebound during the Asian session occurred near the 20 EMA on the perpetual contract, making a clear break below this level necessary to confirm a trend reversal.
However, if the white box frame’s lower boundary isn’t completely breached, it’s difficult to confirm a full trend reversal.
Risk: Support at the daily 20 EMA.
Conclusion
The NASDAQ remains in a delicate balance, with potential for movement in either direction:
For buyers, the key focus is on breaking above 21779 and 21812 for a potential continuation of the uptrend.
For sellers, watch for a break below the ascending trendline or 21377 to confirm a trend reversal.
Stay patient, follow the levels closely, and trade strategically. 🚀
Today analysis for Nasdaq, Oil, and GoldNASDAQ
The NASDAQ closed early due to the U.S. market holiday, and yesterday’s and today’s daily candles will merge into one. As anticipated, the U.S. market showed an upward trend, but it is likely to exhibit sideways or downward movement during the pre-market and regular trading sessions today.
While the daily chart has generated a buy signal, confirmation will only occur if today’s candle closes as a bullish one. With significant resistance levels overhead, the market needs a strong bullish candle to widen the gap between the MACD and signal line. Failure to generate such a rally may lead to repeated resistance at the upper levels and increase the likelihood of a downturn.
On the 240-minute chart, no sell signal has been generated yet, but the market appears to be absorbing overhead supply. If a MACD dead cross emerges, the buy signal on the daily chart may fade, potentially reversing the trend to bearish. Avoid chasing prices and refer to yesterday’s detailed pre-market analysis for further context.
CRUDE OIL
Crude oil closed lower, correcting down to the 10-day moving average. After a brief consolidation at the $76 support, it declined further. The $74–$75 range serves as a critical support level and aligns with the 5-day moving average on the weekly chart. Buying on dips within this range is favorable. However, it is advisable to enter at lower levels, as rebound risks make shorting less viable.
On the 240-minute chart, the MACD is falling towards the zero line, steepening its angle against the signal line. Even if oil rebounds from key support levels, it may face further selling pressure, as a MACD golden cross appears unlikely. Since yesterday’s expected downtrend materialized, today’s strategy should focus on cautious dip-buying at lower levels.
GOLD
Gold closed lower, finding support near the 5-day moving average as anticipated in yesterday’s analysis. The strong pullback to the 5-day moving average provides a reasonable entry point for buying on dips. However, the weekly chart indicates potential for further downside, suggesting short-term positions to manage risk effectively.
On the 240-minute chart, a sell signal has emerged as a head-and-shoulders pattern broke its neckline. A further drop below 2730 could lead to additional downside toward the 2718 support level, where dip-buying may be considered. The MACD and signal line remain significantly below the zero line on the 240-minute chart, increasing the likelihood of a rebound at key support levels.
Avoid aggressive short-selling and note that the broader trend remains bullish, as gold's daily chart exhibits strong buying momentum. Focus on buying near major support levels during pullbacks for a favorable risk-to-reward ratio. Manage your risk carefully and best of luck with your trades today.
■Trading Strategies for Today
NASDAQ - Range-bound Market
-Buy: 21660 / 21620 / 21570 / 21510 / 21480 / 21350
-Sell: 21780 / 21880 / 21940 / 22005
Crude Oil - Bullish Market
-Buy: 75.70 / 74.95 / 74.50
-Sell: 77.50 / 77.85 / 78.25 / 78.65 / 79.10
Gold - Bullish Market
-Buy: 2726 / 2716 / 2708 / 2700
-Sell: 2738 / 2747 / 2753 / 2758
These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks.
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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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Market Forecast UPDATES! Jan 20 MondayIn this video, we will update the forecasts for the following markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
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May profits be upon you.
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