NASDAQ Rejected on the 1hour MA50 but bottom is in.Nasdaq / US100 is trading inside a monthly Channel Up.
Despite getting rejected today on the 1hour MA50, the Higher Low at the bottom of the Channel Up has been priced in.
This is a good buy opportunity. Target 20350 (the 0.618 Fibonacci level).
Previous chart:
Follow us, like the idea and leave a comment below!!
Nasdaq
XAUUSD IS BACK !With a little more drawdown today and the beginning of next week, XAUUSD has showed everyone what it was capable of the past few days by reaching such high levels ;
It has to bounce on the double uptrend green limit, then go up and wait a little for the 5th of november ;
on this day markets will go nuts for every asset, so it seems like gold might be going for a big rally to the 2780/90s
BTC POSSIBLE NEXT MOVE !With some delay on the time BTC finally decided to come down, it eventually did what we thought, came back to lower KL ;
but with the previous days' big spike up and down, it is now a perfect time for the price to "de-correct" and come back to the 75Ks, before coming back down ;
for now and the newt few weeks, it seems really tough to break 78/79K, probably next year.
US100 TOWARDS THE SKYWe missed the entry yesterday thinking it would bounce way harder than that, it actually took several hours to get back in an uptrend position ;
for now it seems a little corection to the LL is coming after the 15:30 rush ;
after that, US100 is going to the roof and taking the uptrend direction back.
Trading Plan ES TODAYCurrent Position: Average entry price stands at 5741, ATM.
Trading Plan:
Targeting a push toward 5800, with plans to exit prior to the U.S. market open.
Although seller momentum appears depleted, I remain cautious about the likelihood of a sustained rally.
Intraday Strategy:
Hold a bullish outlook until the market open.
Anticipate a retracement toward yesterday’s close, at which point I intend to re-enter long positions.
Monitoring Approach: I will closely supervise the U.S. market open trades with heightened scrutiny compared to pre-market positioning.
NASDAQ 100 Sinks on AI Cost Woes - Full Target Breakthrough HIT!NASDAQ 100 (NDX) Analysis using Risological Swing Trader:
In the 15-minute timeframe, NASDAQ 100 (NDX) demonstrated a powerful bearish move, with all targeted profit levels being achieved in a swift drop. This short trade setup showed significant follow-through as investor sentiment shifted negatively due to concerns over escalating AI expenses reported by Wall Street's megacaps.
Key Highlights:
Entry Level: 20,429.42
Target Levels:
TP1: 20,323.94
TP2: 20,153.26
TP3: 19,982.58
TP4: 19,877.10
Stop Loss: 20,514.76
Context:
This bearish momentum aligns with Wall Street’s close on a lower note as major tech giants highlighted rising costs linked to AI developments. The day's range fluctuated between 19,880.26 and 20,227.19, underscoring the volatility and risk aversion among investors. The setup capitalized effectively on this negative sentiment, reinforcing the bearish outlook.
Summary:
This trade on NASDAQ 100 hit all targets with precision, benefiting from the broader market's reaction to heightened cost pressures in the tech sector. This downward move underscores the impact of macroeconomic concerns on equity performance, particularly in high-cost sectors like AI.
MS and META brought down the entire index
USTEC continued its decline following disappointing earnings from two major tech stocks. Despite Apple (AAPL) and Amazon (AMZN) reporting earnings and revenue above expectations, Apple’s shares fell in after-hours trading due to weaker sales in China. Meanwhile, the VIX has climbed to its highest level since Aug, signaling potential headwinds as elections approach.
USTEC declined steeply and failed to hold the 20000 threshold. The index broke the channel’s lower bound, and EMA21 has death-crossed EMA78, sending a bearish signal.
If USTEC fails to re-enter the channel, the index's downtrend may extend to 19700.
Conversely, if USTEC breaches 20140 after re-entering the channel, the price may gain upward momentum to 20680.
NASDAQ is Approaching An Important SupportHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 19600 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 19600 support and resistance area.
Trade safe, Joe.
NASDAQ Bottom of the Megaphone.Nasdaq is trading inside a Megaphone pattern on the (1h) time frame.
The price is very close to its bottom, which starts to signal a buy.
Each of the previous two bottom rallies, hit at least the 0.786 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 20450 (litle under the 0.786 Fibonacci level).
Tips:
1. The RSI (1h) turned oversold. A strong buy indicator.
Please like, follow and comment!!
Marathon Digital Holdings (MARA) AnalysisCompany Overview: Marathon Digital Holdings NASDAQ:MARA is a key player in the cryptocurrency mining sector, particularly focused on Bitcoin production. The company has shown resilience and operational strength in its mining activities, making it well-positioned for future growth.
Key Developments:
Positive Analyst Ratings: Analysts from Macquarie and Cantor Fitzgerald have set price targets above $20, indicating strong growth potential for Marathon Digital. This reflects growing confidence in the company's operational and market strategies.
Increased Bitcoin Production: In September 2024, Marathon reported a 5% increase in Bitcoin production, reinforcing its operational strength. Additionally, the company achieved a 28% increase in Q1 2024 production, yielding 2,811 BTC compared to the same quarter in 2023. This efficiency in production underlines Marathon’s capacity to scale effectively in a competitive market.
Favorable Cryptocurrency Market: With Bitcoin recently surpassing $67,000, the broader cryptocurrency market is showing favorable conditions. This surge allows MARA to capitalize on increased investor interest in crypto stocks, positioning the company for substantial market gains.
Investment Outlook: Bullish Outlook: We are bullish on MARA above the $16.00-$17.00 range, driven by the company’s production efficiency and favorable market conditions. Upside Potential: Our target for Marathon Digital is set at $32.00-$33.00, supported by positive analyst sentiment and operational achievements.
🚀 MARA—Mining for Tomorrow's Success! #Cryptocurrency #BitcoinMining #GrowthPotential
Argenx (ARGX) AnalysisCompany Overview: Argenx NASDAQ:ARGX is making significant strides in the field of autoimmune treatments, especially following the FDA approval of VYVGART Hytrulo for chronic inflammatory demyelinating polyneuropathy (CIDP) on June 21st. This approval not only enhances Argenx's product portfolio but also opens up new revenue channels for the company.
Key Developments:
Strong Revenue Generation: Argenx demonstrates a robust global presence with revenue streams across various regions:
U.S.: $407 million
Japan: $20 million
EMEA: $35 million
China: $14 million
This diversified revenue generation helps mitigate regional risks and showcases the company’s ability to penetrate multiple markets effectively.
Upcoming Trials: The company plans to launch four new registration trials by the end of 2024, further expanding its therapeutic offerings. This proactive approach to research and development positions Argenx for future growth and diversification in its product line.
Strategic Collaboration: Argenx's collaboration with Monarch is aimed at enhancing operational efficiency and customer service. This partnership is expected to boost market penetration and strengthen the company's competitive edge.
Investment Outlook: Bullish Outlook: We are bullish on ARGX above the $484.00-$489.00 range, driven by its recent FDA approval, diverse revenue streams, and plans for further clinical expansion. Upside Potential: Our target for Argenx is set at $740.00-$750.00, supported by the company’s strong market presence and growth initiatives.
🚀 ARGX—Pioneering the Future of Autoimmune Treatments. #Biotech #AutoimmuneTherapy #MarketGrowth
cup and handle bull cypher fadingtheres no reason to this this stock will climb for many days without a contraction and consolidation period toward the volume area labled with dots in center. this is to bear in mind that the current pattern is very bullish on lower time frames, but ahowing signs of being highly overbought. im going to short this knowing that volatility is rising and the sell zone has been hit multiple times.
Price hit Daytrading target successfully on NQHello traders,
After building a beautiful set up and waiting from yesterdat for price action to give us a high probability winning trade, price hit target successfully and and moved to our favor as i described. I am really very happy with the trade of today.
Good luck everyone and Happy trading.
NQ is losing momentun and going redHello traders,
As you can see The Nasdaq is starting to lose momentum after being bullish for several days. This is because NQ came back from strong levels, the daily 20.790 and the weekly 20.296.
From a 1H chart point of view, the price made a beautiful pull back on the weekly getting strong momentum then was rejected downward looking for the next daily level of 19.973 giving us a beautiful short trade.
If price hit the daily level and gets rejected, look for a pullback then go long searching the next daily level 20.144. But if price breaks the daily 19.973, wait for a pull back then go short searching the next weekly 19.760.
Good luck everyone and Happy trading!
#NFLX Targets for the Meltup in equitiesI have called a couple real big pattern moves on #Netflix
so on todays mega rally
I take a quick look at the potential price projections that may or may not end up occurring
I am not a guru or price forcaster
i just draw lines on charts like always
Your Risk
Your Reward
But i am someone who does highlight Risk i.e. downward prices when I feel/see that might be a possibility
Yes I know
this game is not easy.
NASDAQ 100 - 31/10/2024 Daily IdeaSetup for today. Oversold conditions.
Once news drops we should expect a sweep of the lows at 20,115 grabbing sell-side liquidity then expecting the price to shoot up to fill the daily gap that was made at the start of the new trading day. This is in line with the continuation of the upward hourly trend which will grab buy-side liquidity. Beware of potential new ATH today after major earnings are reported.
Dow Jones Index (US30): Support & Resistance Analysis
Here is my latest support & resistance analysis for US30.
Resistance 1: 42450 - 42720 area
Resistance 2: 43280 - 43310 area
Support 1: 41616 - 41886 area
Support 2: 40850 - 41182 area
Support 3: 40000 - 40240 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️