UPSTART HOLDINGS Short Trade in Motion! Awaiting Profit TargetsTechnical Analysis: Upstart Holdings – 15-Minute Timeframe (Short Trade)
A clear short trade entry was identified at 51.67 for Upstart Holdings. The price is currently moving in the anticipated direction, and we are waiting for the profit targets to be hit.
Key Levels
Entry: 51.67 – The short position was initiated after identifying strong bearish momentum.
Stop-Loss (SL): 54.54 – Positioned above resistance to manage risk and protect against potential reversals.
Take Profit 1 (TP1): 48.13 – The first target we are eyeing as the bearish trend unfolds.
Take Profit 2 (TP2): 42.41 – A further downside target as selling pressure increases.
Take Profit 3 (TP3): 36.68 – If the bearish momentum remains strong, this is a possible next target.
Take Profit 4 (TP4): 33.14 – The ultimate target, signaling a significant downward move.
Trend Analysis
The price is trading below the Risological Dotted trendline, confirming a solid downtrend. With the entry in place, we are now waiting for the price to reach TP1 at 48.13 and beyond, depending on further momentum.
The short trade on Upstart Holdings has a promising setup with a clear entry at 51.67. We are now monitoring the trade as it approaches the first target, expecting further downside momentum.
Nasdaq
Affirm Holdings Falls! TP1 Hit in Short Trade, Bearish MomentumTechnical Analysis: Affirm Holdings – 15-Minute Timeframe (Short Trade)
Affirm Holdings showed a bearish signal, prompting a short trade entry at 46.84. The price has already reached Take Profit 1 (TP1) at 44.84, confirming the strength of the bearish move.
Key Levels
Entry: 46.84 – The short trade was initiated after identifying bearish momentum.
Stop-Loss (SL): 48.47 – Positioned above resistance to manage risk and protect against upside reversals.
Take Profit 1 (TP1): 44.84 – Already achieved, confirming the effectiveness of the trade setup.
Take Profit 2 (TP2): 41.59 – The next target if the bearish trend continues.
Take Profit 3 (TP3): 38.34 – A further downside target should selling pressure remain strong.
Take Profit 4 (TP4): 36.33 – The ultimate target, marking a significant bearish move.
Trend Analysis
The price is trading below the Risological Dotted trendline, which confirms a solid downtrend. With TP1 already met, the continued bearish momentum suggests further downside potential.
The short trade on Affirm Holdings has started well, with TP1 already hit at 44.84. The next targets are within reach if the selling pressure continues, making this trade setup promising for further gains.
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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Broadcom is preparing to breakout to 241Daily chart
The stock NASDAQ:AVGO is drawing a double bottom chart pattern between the lines Resistance R and Support S.
The price may re-test the support line S1, then rebound to hit the Resistance line R.
Trading above line R (at around 187) for 2 days, the target will be 241
Technical indicator RSI is supporting this bullish scenario.
Consider the Stop Loss below the ascending line S1; and raise the level as the price goes up.
2024-10-17 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
tl;dr
Indexes - Bullish spikes on all of them but markets closed mixed. All closed with a big tail above and we are where we closed yesterday. Near but still above the daily 20ema, near bull trend lines but also with bulls not strong enough to get a big breakout above with follow through. Most of the current patterns are in their last stages and the breakout will happen over the next days. I am neutral for now and scalp in both directions.
nasdaq e-mini futures
comment: Fugly chart and yes. Nested bull wedges on the daily chart and on the 1h we have a triangle and a broad bear channel since we are making lower lows and lower highs. Which one to trade? Yeah… 20400 is kinda the midpoint of this and unless bulls get a big breakout above 20700 or bears below 20200, it’s best to fade bigger moves or join momentum. If earnings are good, this will melt again but for now I do think the market should have traded higher by now, if bulls would have wanted this bad.
current market cycle: Bull trend (nested bull wedges)
key levels: 20000 - 21000
bull case: Bulls grinding this higher but they also have only 1 daily bar closing above 20500 for 3 months. Will they give up or strongly break above on good earnings? I would not bet on the latter. Clear bull wedge on the daily chart and we are trading near the lower trend line and daily 20ema. Support should be very strong here and we can probably expect more sideways movement for 1-3 days.
Invalidation is below 20160.
bear case: Bears reject everything above 20500 but they are not able to get follow through selling. No bear wants to sell near the daily 20ema and until we close below it with a strong bear bar, I highly doubt we move much. Given the 3 months inside this bull wedge, I do favor the bears slightly to break below but just very slightly. Can you short this now? Absolutely not.
Invalidation is above 20700.
short term: Neutral
medium-long term: Very likely a retest of the ath before I expect a correction 10% or more, before another year end rally. Embrace the volatility.
current swing trade: Nope
trade of the day: Selling 20500 continues to be profitable… Selling the open was a banger trade. Bears also got a second and even third chance.
Semiconductors vs. Nasdaq: Key Indicator of Tech MomentumIntroduction:
The ratio between semiconductors NASDAQ:SMH and the Nasdaq 100 NASDAQ:QQQ serves as a key indicator of tech sector momentum and near-term risk sentiment. When SMH outperforms QQQ, it signals a "risk-on" environment, reflecting strong demand for semiconductors and overall tech sector health. Conversely, if QQQ outperforms SMH, it suggests a "risk-off" environment, pointing to concerns over weakening chip demand.
Analysis:
Risk Sentiment: The SMH-to-QQQ ratio provides insights into tech momentum. A higher SMH performance often indicates robust chip demand, a positive signal for the broader tech sector. On the other hand, when QQQ outperforms, it signals caution, possibly reflecting waning demand for semiconductors.
Bullish Outlook: Recently, the SMH-to-QQQ ratio has formed a higher low, reinforcing a bullish outlook for semiconductors. This higher low is a positive sign not just for the semiconductor industry but for the broader market as well, as semiconductors often lead market rallies.
Conclusion:
The recent bullish signal in the SMH-to-QQQ ratio suggests tech sector strength, with semiconductors likely leading the way. This is a critical metric for assessing near-term market momentum, so traders should keep a close eye on this ratio to gauge potential shifts in sentiment. What’s your take on this trend? Feel free to share your thoughts in the comments!
Charts: (Include relevant charts showing the SMH-to-QQQ ratio and the higher low formation)
#Semiconductors #Nasdaq #TechSector #SMH #QQQ #RiskOn
NASDAQ: Buy the next pullback and aim at 20,800Nasdaq is bullish on its 1D technical outlook (RSI = 60.111, MACD = 227.000, ADX = 44.293) and maintains a short-term Channel Up since September 12th. The price is currently under the Channel's median, which suggests it's a buy opportunity. We expect the next bullish wave to form a HH at the top of the Channel Up. Based on the previous bullish wave, we're targeting the 1.786 Fibonacci (TP = 20,800).
See how our prior idea has worked out:
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Great bullish momentum in Nas100 Hello traders,
As you can see, there is a strong amendment, a bullish momentum today in NASDAQ, giving us a great opportunity for a bullish a long train.As you can see from the chart, there is.an inclination to go up upward to reach the daily level of 20474 which is.A higher.Target, So please keep in mind that this is a trade that we took pre market since early in the morning the market showed some significant volume.With the.Upside move of the standard deviation. Also a breakthrough of the 50 moving average.That gave us more confluence that the market is going higher to reach the daily level. So please keep in mind that today we have an.Economic data that will be released today for the.Uh, uh, what is it? Umm, the uh.Excuse me? Initial jobless claim is gonna be released today and if it is positive, so we might see an upside down of the trend where we'll have like.a move downward or a reversal of the trend if so we should be looking for 20124 level which is a previous daily level which is well respected. And as you can see from the chart, those lines are very very.Helpful that show us it's like a road map for the price action to be moving.From level to level, this is how we can make money off of.It's pretty simple, but it's really effective, so please pay attention to those levels and let's make money together..
WOLFSPEED Rallies! Long Trade Hits All Targets, Bulls DominateTechnical Analysis: Wolfspeed – 15-Minute Timeframe (Long Trade)
Wolfspeed demonstrated strong bullish momentum, with a long trade entry at 10.23 and successfully reaching all profit targets.
Key Levels
Entry: 10.23 – The long position was initiated at this level, marking the start of a strong upward movement.
Stop-Loss (SL): 9.75 – Positioned below recent support to manage risk and protect against potential downside.
Take Profit 1 (TP1): 10.83 – The first target was achieved, confirming the strength of the bullish trend.
Take Profit 2 (TP2): 11.80 – Continued momentum pushed the price to this level.
Take Profit 3 (TP3): 12.77 – The bullish rally extended further, reaching this target.
Take Profit 4 (TP4): 13.37 – The final target, signaling a complete and highly successful upward move.
Trend Analysis
The price has consistently remained above the Risological Dotted trendline, affirming the strength of the uptrend. The bullish surge indicates strong market interest, supporting further upward moves, though all profit targets have been met.
The long trade on Wolfspeed performed exceptionally well, hitting all designated targets. The final TP4 at 13.37 reflects a robust upward trend, well-supported by the Risological Dotted trendline. The sustained buying pressure indicates that the bulls have maintained control throughout the move.
ASML Holding Falls! Short Trade Hits TP1, More Targets AheadASML Holding has shown a strong bearish movement, reaching Take Profit 1 (TP1) at 742.16.
Key Levels
Entry: 792.37 – A short position was initiated at this level, guided by the precision of the Risological Swing Trader.
Stop-Loss (SL): 832.99 – Positioned above recent resistance to protect against a potential reversal.
Take Profit 1 (TP1): 742.16 – Already achieved, confirming the effectiveness of the short setup.
Take Profit 2 (TP2): 660.92 – The next target in line as downward momentum continues.
Take Profit 3 (TP3): 579.68 – A further target if the bearish trend persists.
Take Profit 4 (TP4): 529.48 – The ultimate target, indicating a significant decline.
Trend Analysis
The price is moving firmly below the Risological Dotted trendline, indicating a strong downtrend. The sustained bearish pressure suggests the potential for further declines towards TP2 and beyond.
With TP1 already hit, ASML Holding continues to show promise for further downside, guided by the Risological Swing Trader. The short trade remains positioned to capture additional opportunities as the trend continues to favor the bears.
TSLA - Get Ready To Long Again...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈TSLA has been trading within a big symmetrical triangle marked in blue.
Moreover, it is retesting a strong support zone around $200 round number marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.
📚 As per my trading style:
As #TSLA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC DAILY BREAKING OUT??After 7.5 months of what what amounts to a HTF bullflag pattern, seemingly endless chop, bitcoin looks like it's finally breaking out above and continuing the Bullrun.
This post doesn't need to be overly complicated, there are a few key factors on what is happening:
- Bullish continuation, a bull flag pattern is just that, after a strong rally the corrective structure looks exactly like how the chart looks before continuing the next stage of the rally. Bitcoin has hit the red zone 9 times before the current breakout move, now that the daily structure has shown repetitive higher highs and higher lows for the first time it's signalled that Bitcoin is ready to continue the move higher.
- US elections, every election year since 1928 traditional markets experience a rally, this year is no exception with the $S&P500, SKILLING:US100 & TVC:DJI all at ALL TIME HIGHS. As much as we crypto traders want crypto to be separate from Tradfi, reality is these markets matter and effect Bitcoin directly.
'21 ATH has been major resistance all year for bitcoin, I could see that being the target for this breakout (should it be a successful breakout) before a retest of trend channel at $66,500 on the daily.
All in all this is an exciting time in crypto, lots of volatility ahead come US election and beyond.
Good luck everyone!
Follow-up Update on NASDAQ - Down-move has started?This is in continuation from my weekend update on NASDAQ:NDX where I mentioned that we should likely be headed down from the upper channel line of rising wedge. Yesterday we got a negative daily close and in hourly timeframe, we can see clean 5 waves down. More in the video.
Apple – Triangle Pattern with Breakout PotentialApple is currently forming a triangle pattern on the chart. If we break through the resistance, my next target is in the green zone, which I've identified as the next key level.
Strategy: I’m watching for a breakout from the triangle, and if it occurs, I’ll be targeting the green zone as the next potential profit area.
NASDAQ: Push to 22K or Drop to 19K? Key Levels and Profit Zones Evening Traders
NASDAQ is hanging on to the 20,256 level, but if we break lower, we could be looking at a slide down to the 20,000-19,200 range. On the bright side, there’s a ton of support that could push us up to 21-22K. If that happens, it’s a great spot to take some profit before we hit major resistance—or worse, a deep correction.
Let’s dive into the key levels to watch and where to take action before things get bumpy. Will NASDAQ keep climbing, or are we in for a pullback?
If this gave you some insights (or at least made you think twice about your next move), give it a like, drop your thoughts in the comments, and hit follow for more updates. Your support keeps me going
Happy trading
Mindbloome Trader
Nasdaq 100 Trade idea/Second Trade"Hello, everyone! This is my second trade on Nasdaq. I've adjusted the stop loss on my first trade and now I'm placing an order for another trade, risking half an 'R'. Good luck!"
As always, it's essential to apply proper money management and never trade without placing an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be measured over a series of trades, not just one.
Guys always read this quote.It will help you mentally."I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.' No, you don't. You should sit there until you find something.” “Jim Rogers:
Thanks!
NASDAQ 100 Drops! Short Trade Confirmed, Eyeing First TargetThe NASDAQ 100 has confirmed a short trade with a strong bearish move below the entry at 20263.46. The price is progressing towards the first profit target (TP1), though it has not yet been reached.
Key Levels
Entry: 20263.46 – The short position was confirmed as the price broke below this level, signaling bearish momentum.
Stop-Loss (SL): 20378.68 – Placed above the recent resistance to protect against potential upside reversals.
Take Profit 1 (TP1): 20121.04 – The first target, not yet reached, but in close proximity as the downward trend continues.
Take Profit 2 (TP2): 19890.59 – The next target in case of continued bearish pressure.
Take Profit 3 (TP3): 19660.15 – A further downside target, aligning with the next support zone.
Take Profit 4 (TP4): 19517.73 – The ultimate profit target, marking a significant decline.
Trend Analysis
The price has broken below the Risological Dotted trendline, confirming strong bearish sentiment. The market is likely to move toward TP1 if the selling pressure continues. The downward momentum suggests further potential to reach deeper profit targets.
The NASDAQ 100 short trade is progressing well after confirmation, with TP1 at 20121.04 in sight. If the bearish trend holds, further downside targets are expected to be reached.