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NASDAQ: Channel Up intact. Targeting 22,000.Nasdaq is on excellent bullish technical levels on the 1D timeframe (RSI = 65.968, MACD = 283.550, ADX = 47.440) as it is rising on the new bullih wave of the August Channel Up. The bullish wave confirmed the strong buying pressure as the 1D MA50 held and kickstarted it after a Bullish Cross on the 1D MACD. Based on the previous bullish wave in September, we are currently in the middle of a +10.90% wave. We are targeting its full length (TP = 22,000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
Shopify (SHOP): Continuing Sell-Off!Shopify (SHOP): NYSE:SHOP We've reintegrated Shopify into our portfolio after a lengthy period without analysis, believing we've witnessed the conclusion of a Wave 5, thereby completing this cycle (1). Consequently, we are now in Wave (2), anticipated to be a three-part correction downwards. Our target retracement ranges between 50% and 78.6%, equating to $57.60 and $38.24, respectively. The subordinate Wave 4 at $45.50 represents a critical level for Shopify, potentially marking a turning point. As long as we don't surpass the Wave 5 peak of $85.50, we don't foresee an upward continuation. Should we form Wave A, an Expanded Flat exceeding Wave 5 but not surpassing 138%, might be observed. If this threshold is breached, our current scenario would need revision, possibly interpreting the subordinate Wave 4 at $45.50 as our Wave (2), indicating we're in Wave (3). Unless this scenario unfolds, we maintain the view that we're in a downtrend, awaiting a significant Wave 2 correction. However, falling below 78.6% would likely lead to a sharp decline towards $23.64.
NYSE:SHOPLong
by freeguy_by_wmc
Nasdaq Intraday Review - Tuesday 12 Nov 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - None, CPI on Wednesday News - None Directional bias - I stick with a BUY as I view the red candles on the bigger TF as a retracement rather than a change of market sentiment. I would need a bit more price action evidence to be convinced that we are in a bear market....up until then, I continue to look for buys in what I see as a bull market. Morning analysis: M TF - very bullish, candle is 11'000 pips strong at time of writing (Tuesday morning). Still 17 days to go until candle close but definitely indicative of strong bull sentiment overall W TF - week candle has turned red (at time of writing on Tuesday morning), indicating that price is in an area where bears have stepped into play. Need to be careful and need good confirmation for entering a buy, as bears may still push for a further retracement. Time to whip out sell fibs on the smaller time frames and start analysing those too to understand if price is respecting these sell levels and sell TP points. This does not mean I waiver from my directional bias as a buy, but it helps me set buy TP's (possibly at strong sell fib levels) and understand bearish price action. D TF - D TF shows price stalling at this zone. We have a doji candle from Friday and a red (colour change) candle from Monday. If bears do push for a lager TF retracement, then it can be expected that price will move down significantly, as the D and W 0.382 fib level is 3'800 pips down. 4H TF - price seems be to struggling to break the 0.50 sell fib level (4H candles are failing to close above this level at C, D, E and F on the chart). Long wick candles are forming with wicks sticking out the top, indicating that bulls are trying to push higher but bears are successfully pushing back down at the 0.50 SELL fib level and the 0.618 SELL fib level. Looking at the line chart, a head and shoulders pattern is forming, with a neckline slanted upwards (indicated in blue lines). If bears break this neckline downwards, the price could move down and test the 4H EMA. The blue vertical line represents the distance that price would most probably move down if the neckline is broken (price usually moves the same distance as the height of the market pattern). Buy fib in the morning was drawn from swing low at A. to swing high at B. 1H - Monday and Tuesday's pivot points are close to each other. This indicates that price is in a strong area of S&R. It remains to be seen if this zone will act as a support for a push up, or resistance for a push down. As the morning progressed, a falling wedge started forming on the 1H TF, as marked by the torquoise lines. Falling wedge pattern usually breaks upward, but can break in either direction. Due to strong bearish presence, I decided to only enter if the 1H TF gave a signal. 1H TF is pretty strong on Nasdaq and I would manage my risk this way. Entered a buy at the hand icon - Confirmations: 1. Trend - a buy is in the same direction as the overall trend. I prefer trading with the trend as “the trend is your friend”. 2. S&R - price broke the pivot point + EMA with a good momentum candle. 3. Market pattern - a falling wedge pattern had formed which broke upwards. The temporary downtrend line (the top line of the falling wedge was broken) indicating that the temp downtrend was over. 4. Fib - price was respecting the 4H BUY 0.382 fib level (written in purple) and price finally broke the 0.50 SELL fib level For me all of this was strong confirmation that buyers had stepped in and that price was ready to move up. Mental SL placed below the lowest candle wick below the falling wedge, as indicated by the pink line. Unfortunately for me, price moved straight back down and I closed in my stop loss area when candles started closing below my pink line. Took a loss of 568 pips. Not too bad pip wise, but because I felt the confirmations were solid, I entered with a full position size. After that I was out for the day, as I "felt" (intuition that comes with LOTS of screen time) Nas wasn't moving as it normally does. What could I have done differently? Some part of me puts this loss to variance i.e. sometimes price will do what it wants and move against you no matter how good confirmations were. But another part of me recognises that the green candle I entered on (at the hand icon), closed at exactly the same price point as the green candle under B. From B. you can see that price moved down significantly from this point. So I basically entered a buy at resistance. I should have waited for the next 5min or 15min candle close to be sure that the resistance would not push price back down again (which is exactly what happened). I won't be trading CPI, I feel that in high impact news, I am not able to stack the odds in my favour. So hope you did better than me, good luck with CPI and catch you tomorrow! :) P.S. #NasdaqNerd - don't you think its so cool how price really did move down to the profit target (end of blue vertical line)! It happens so regularly that price respects market pattern profit targets so perfectly :) Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
NASDAQ Outlook: Critical Levels to Confirm Bullish or BearishTechnically: The price dropped from their ATH as we anticipated yesterday, Today should break 21070 by closing 4h candle under it, to be bearish till 20790 Otherwise closing 4h or 1h candle above 21260 will be bullish toward 21350 and 21580 Key Levels: Pivot Point: 21070 Resistance Levels: 21260, 21350, 21490 Support Levels: 20900, 20790, 20700 Trend: - Bullish above 21260 - Bearish Below 21070 - Consolidation between 21070 - 21260
OANDA:NAS100USDShort
by SroshMayi
Nasdaq Insights: 13-NOV-2024Good morning! Join me for today's Nasdaq market analysis. Share your charts, ask questions, and let's discuss trading strategies. #Nasdaq #StockMarket #Trading #Investing #DayTrading #SwingTrading #TechnicalAnalysis #MarketAnalysis #FinancialNews #WallStreet #NasdaqToday #NasdaqAnalysis #NasdaqTrading #StockMarketNews #MarketTrends #InvestmentStrategies #FinancialMarkets #TradingTips #NasdaqForecast #MarketInsights #Nasdaq100 #TechStocks #GrowthStocks #IndexFunds #ETFs #StockMarketAnalysis #TradingStrategies #RiskManagement #InvestorEducation #FinancialLiteracy #EarningsSeason #FederalReserve #EconomicIndicators #MarketVolatility #GlobalMarkets
PEPPERSTONE:NAS100
by DrBtgar
SHOPIFY (SHOP) Explosive Breakout Rally with Earnings Boost!The Shopify (SHOP) weekly timeframe chart showcases a massive breakout, driven by exceptional Q3 earnings performance. The stock has successfully hit Target 2 (TP2 at $109.30), with the remaining targets TP3 ($132.50) and TP4 ($146.84) in sight. SHOPIFY (SHOP) Stock Key Technical Highlights: Clear Entry at $71.76 : The bullish momentum initiated a long trade setup, confirmed by the breakout above critical levels. Earnings Power-Up : Shopify's Q3 revenue surged 26% year-over-year, reaching $2.16 billion, and net income hit $828 million. This exceptional growth propelled the stock price up 22% to $109.81 post-earnings release, further cementing the breakout rally. Dynamic Moving Averages : The RISOLOGICAL Lines (all GREEN lines) beautifully supports the rally, reflecting strong upward momentum. SHOPIFY Trade Analysis: Risk-Reward Balance: The stop-loss (SL) placed at $60.16 offers an optimized risk management strategy. Profit Potential: With TP2 already achieved, the path toward TP3 ($132.50) and TP4 ($146.84) looks promising, driven by positive market sentiment and strong fundamentals. Final Words: Shopify's post-earnings rally demonstrates a perfect confluence of technical and fundamental strength. Keep a close eye on volume and momentum as the next targets approach!
NYSE:SHOPLong
by ProfitsNinja
MAGS - Roundhill Magnificent Seven ETF is FLYING! UPDATE!I told you over a month ago IT WAS TIME TO BUY! Did you take me seriously? How about now? Watch the detailed forecast I posted for viewers Oct 2, 2024. "May profits be upon" is not just a greeting. I'm trying to support your trading journey to consistent profits. Please leave a comment, and let me know if you found a benefit in this forecast. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NASDAQ:MAGSLong
by RT_Money
NAS100 Market Update: Key Levels and ProjectionsThe Nasdaq 100 (NAS100) is continuing its bullish run but is approaching critical resistance areas where a correction may occur. Here's a quick overview of key levels: Strong Sell Zone: 22,233 - 21,052 Expect potential pullback as the index nears this resistance. This zone is likely to trigger a price correction, offering short-term selling opportunities. Strong Buy Zone: Below 18,297 This major support level offers a favorable buying opportunity if the market pulls back. Buyers are expected to step in aggressively here, supporting the next bullish move. Current Price: 20,338.7 NAS100 is approaching resistance after breaking above 19,600 support. Continued upward momentum is likely, but a correction could follow once resistance is tested. Support and Resistance Levels: Resistance: 22,233 - 21,052 (Strong Sell Zone), 20,800 - 20,600 (minor). Support: 19,600 - 19,400, 18,800 - 18,600, 18,297 (Strong Buy Zone). Outlook A pullback is expected near 22,233, with support at 18,297 as a key level for the next bullish phase. Share your thoughts in the comments, and don’t forget to boost this post if you agree with my analysis. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please do your own research before making any trading decisions.
OANDA:NAS100USDShort
by Gravity-Traders-Academy
3
Trading Idea: BloomZ Inc. (NASDAQ: BLMZ) | 12 November 2024Animation audio specialist BLMZ has recently showed a consolidation trend with a diminishing selling pressure (as indicated by volume). We see this as a potential start of a trend reversal, on the basis where BLMZ is able to sustain above its current key support level of $0.760. Regardless, we see this as a low risk trade as this support has been tested over multiple times in the past weeks, and we think this is a good chance for traders with zero position. We rate "Trading BUY" for BLMZ based on the current junction.
NASDAQ:BLMZLong
by HASHInvests200
Nasdaq Intraday Review - Monday 11 Nov 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - None, today is Veterans Day, market may be slow News - None Directional bias - BUY. The strong upsurge in the stock markets are a clear indication that the markets view the US election results favourably. Bulls have stepped in with both volume and momentum. Morning analysis: M TF - very bullish, candle is 13'000 pips strong at time of writing. Still 18 days to go till candle close but definitely indicative of strong bull sentiment W TF - Finally the W candle managed to close above the strong weekly resistance at 20'363. D TF - Friday's candle closed as a doji candle, could be an indication that price is stalling and a bigger price retracement is in the works. D TF and W TF fib levels are aligned, this will make this fib levels very strong. Huge gap up of +- 600 pips noted. As the morning progressed, the 4H fib moved and finally settles on swing low at A. and swing high at B. Identified an area of interest / confluence (highlighted in green), where pivot point and 4H 0.618 fib are in the same zone Price should at least bounce from here, enough for me to secure my position at entry. As the morning progressed, price moved down rapidly to my interest zone. Once price reached this green highlighted area, I start to keep an eye on the 5min TF because this is an area of high probability of price movement and with Nasdaq being so volatile, this TF can give signals at these high interest zones. Entered a buy at the hand icon - Confirmations: 1. Trend - a buy is in the same direction as the overall trend. I prefer trading with the trend as “the trend is your friend”. 2. S&R - the daily pivot point represents an objective and strong support & resistance zone which Nasdaq often respects. 3. Market pattern - a DB formed on the 5min and broke the neckline up, indicating that buyers are over-powering the sellers at this zone 4. Fib - 4H 0.618 fib level was in this zone Mental SL placed below the lowest candle close of the first bottom of the DB on the 5min TF (marked with think pink line). Market moved up enough for me to secure my trade (I usually secure my trades once price is 250 pips or more from my entry). But then unfortunately moved back down and took me out at entry! Today represented a big retracement. In my trading style I don’t like to trade against the overall trend (I don’t trade retracements), so I would never have taken a sell. But hope you got the sell, you would have coined it today! ;) Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
NASDAQ Extremely bullish for the next 30 days.Nasdaq (NDX) is extending a very aggressive post-election rally that is coming after a clear technical hold on the 1D MA50 (blue trend-line). This is just a short-term movement inside a (blue) Channel Up that emerged after the index rebounded on the 1D MA200 (orange trend-line), which in turn is the Bullish Leg of the 2-year Channel Up pattern. As you can see, the price action is so far very similar to the Channel's previous Bullish Leg that also started on a 1D MA200 hold (October 26 2023). Based on the 1D MACD's Bullish Cross and the 1D RSI bullish reversal, we are in symmetrical terms on a situation similar to January 23 2024, with the price above the 0.618 Fibonacci retracement level. We still expect a similar +30% rise from the last bottom (August 05) to be completed, so our 22000 medium-term Target is intact. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
Weekly Forex Forecast Nov. 11th: BUY S&P500, NASDAQ, & DOW!This is the Weekly Forex Forecast for Nov 11th. The Big 3 Indexes are strong, trading at ATHs. There is no reason to look for anything other than buys this week. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!Long
by RT_Money
2
TESLA Update - Above 180 we look for bullish variables Tesla gave us some insane profits from our last set up below, now it has turned however. Earnings has resulted in a single day 12% loss and probable continuation after. So what should we do now? Our theory is that Tesla is in it's third major wave and therefore can't take out is low for this to remain valid. We expect Tesla to make a higher low, probably above 180, pivot and run to 300 as a first target. This gives us an accumulation idea for now that can turn into a trade set up like our last if more variables develop. We are buying some stock today and will accumulate above 180. If futher edges develop we will update. A second important point is we believe Tesla will outperform relative to the nasdaq in the mid to long term. It has underperformed for the past couple of years but the tide might be shifting. The chart below showcases our argument.
NASDAQ:TSLALong
by SynergyTradingSetups
9