Nasdaq 100 indices Crash TargetHello guys , Wish you all a very Happy New Year 2025.
lets begin the Month with Positive results irrespective of market moves. Anticipating Nasdaq 100 to take out it Support level and move below 20800 level. which we can target.
i have used a cfd contract so refer a 15 min charts on your terminal to get the exact level as per your broker. let me know if u guys are comfortable with cfd or futures contract for nasdaq and us500.
Take care
Nasdaq
NASDAQ Analysis: Key Levels and Trading Opportunities 25.01.03Hello, this is Greedy All-Day.
Today, we’ll dive into a detailed analysis of the NASDAQ, starting with a review of the recent trading signals and results.
Briefing Results
1. Sell Signal: Red Box Entry
Entry Trigger: During the Asian session, prior to the Hang Seng market opening, the NASDAQ broke below Tuesday’s low of 21177.
Result: Price quickly reached the target of 21128, delivering a clean, decisive trade.
Profit: $1,000 per contract for a 48-point range.
2. Buy Signal: Green Box Entry
Entry Trigger: During the transition between the Asian close and the European open, the price rebounded strongly, presenting a buy opportunity.
Result: The maximum profit for this trade was 133 points, or approximately $2,660 per contract.
3. Sell Signal: Light Blue Box Entry
Entry Trigger: During the U.S. session, the NASDAQ broke below the previous low of 21006. Although there was a notable rebound afterward, the price met its target.
Observation: The candlesticks showed significant lower wicks, indicating strong attempts to hold support.
Profit: $2,600 per contract for a 130-point range.
Total Briefing Results:
The maximum combined profit from these trades was $6,260 per contract, demonstrating the effectiveness of the strategy.
Daily Chart Analysis
The price tested but failed to sustain inside the Ichimoku Cloud, confirming a rebound at the lower boundary.
The Lagging Span (Chikou Span) has now intersected with the candles, signaling a pivotal moment.
Key Watch Point: Whether the Lagging Span finds support at the candles or falls below them will be critical for determining the next directional move.
Trend and Market Structure
The NASDAQ remains firmly within a descending channel.
A repeated pattern has emerged: modest gains during the Asian and European sessions, followed by a bearish reversal during the U.S. session.
Breakout Requirement: A breakout above the blue box at 21575 is essential for confirming a shift out of the current downtrend. Until this occurs, the channel’s movement will likely persist as the prevailing trend.
Buy Opportunities
Recommended Entry:
A breakout above the black box zone and the horizontal resistance at 21360 is required for a valid buy signal.
Why This Zone Matters:
On the 4-hour chart, this level aligns with the 20 EMA, which has acted as a resistance during U.S. session pullbacks.
Breaking above this level would signal renewed bullish momentum.
TP: 21421 / 21456 / 21492 / 21523 / 21575
A move beyond 21575 would strongly indicate a potential trend reversal, providing room for further upside.
Sell Opportunities
Recommended Entry:
A conservative sell entry would occur if the price breaks below 21120, a key support zone.
Reasoning:
The lack of clear support below this level increases the risk of rapid, one-way moves.
Observing how the price reacts to this zone will be critical for managing risk.
Targets:
Initial target: 20984 (yesterday’s low).
Below 20984: If this level fails, the downside potential becomes unpredictable and will depend on market momentum.
Conclusion
The NASDAQ is currently at a critical juncture, with clear opportunities for both bulls and bears:
For Buyers: Focus on breakouts above 21360 and 21575, as these levels are pivotal for a potential trend reversal.
For Sellers: Watch for breakdowns below 21120, with the potential for significant downside if 20984 is breached.
While the market remains volatile, patience and precision in executing trades at key levels will be essential for success. Let’s stay disciplined and take advantage of the opportunities the market provides. 🚀
Short Position - NASDAQShort Position Entry: Consider initiating a short position if the Nasdaq-100 Index falls below 21,000.
Stop Loss (SL): Set a stop loss at 21,555 to manage potential losses.'
Market Sentiment: The combination of the Federal Reserve's cautious approach and rising inflation may contribute to a weakening market sentiment, potentially leading to a downward movement in the index.
his recommendation is for educational purposes only. Always consult your financial advisor before making any investment decisions. Stock trading involves risks, including the potential loss of capital. Ensure to evaluate your risk tolerance and conduct thorough research.
Nasdaq Intraday Review - Thursday 2 Jan 2025I 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 - Initial jobless claims @ 13:30
News - None
Directional bias - Not sure, will decide after analysis
Morning analysis:
M TF - Doji formed on the M TF, with a long upper wick of 11'636 pips. This indicates that bulls may have run out of steam to push price higher. Sellers may be entering the market at this point. So price could either be stalling at this level and then push through upwards, or bears may take control at this level and push price down. Price action on the lower timeframes will answer that question.
W TF - DT has formed and price is currently below the neckline. The candle for this week has not closed yet and so we don't know for sure if neckline is in fact broken downwards (can only reach this conclusion once the candle is closed). But either way, price is very bearish, with sellers currently holding price below neckline. Also have a temporary uptrend line on W TF seemingly broken downwards (again can't know for sure until this weeks candle closes).
D TF - I interpret the chart to indicate a massive DT with the neckline broken downwards. So I see very bearish price action. The Day candles have closed below the weekly DT neckline for 2 days in a row - very bearish. But in the early morning trading of today, price spiked down low and bulls have managed to fight back and push price higher (at time of writing). So maybe the W 0.618 level is holding strong.
4H TF - Bulls have pushed past the 4H 0.382 and 0.50 fib levels and price now at the 4H 0.618 fib level. This indicates that bulls have found strength. Also we have a small dojiísh green candle, followed by a gap up and the a long wick bullish green candle that has a body that is much larger than the previous candle. This indicates that bulls are (so far) building momentum upwards, even after a strong bearish push down (the long wick). However, price is at a very strong S&R zone (as indicated by the red highlight), so it remains to be seen if bulls can break this resistance zone.
1H TF - Early this morning there was a DB formed right at the W 0.618 level. If I was awake then, I definitely would have taken that buy. Price moved up and broke the pivot point + the 30min & 1H EMA, indicating that price is very bullish.
Falling wedge pattern noted on the 4H and 1H TF (as marked in blue lines). These tend to break upwards, but can break in either direction.
So the higher TF's are bearish and lower TF's are bullish, meaning we do not have TF confluence (all TF's are not saying the same things).
I have already missed the buy, so I think considering the bearish indications on the higher TF's, today I will look for a sell!
I will wait until the lower TF's are also giving bearish signals and then we will have TF confluence i.e. all TF's giving bearish signals.
If that doesn't happen and price moves up, then I am happy to sit on the sidelines and wait a day or two until Nasdaq direction is clear again.
The 7am 4H candle closed with a candle body bigger than the previous 4H candle. Indicating that bulls are picking up momentum and effectively breaking the 0.618 sell fib level.
As the day progressed:
A nice DT formed at the 4H 0.618 fib level.
Entered a sell at the bottom hand icon - Confirmations:
1. Fib - 4H 0.618 fib
2. Trendline - temp uptrend broken downwards (as marked with the light blue line)
3. Market pattern - DT on 30 min TF with neckline broken down which formed at the top of the falling wedge pattern (i.e. at the downtrend line)
4. S&R - DT formed on strong S&R zone
5. Candle sticks - none
Mental SL placed at the thick pink line, which was above the highest close of the DT peak.
Price moved upwards with strength and momentum and closed a 15min candle above my mental stop and I closed my position - took a loss of 560 pips
Turned out just to be a spike upwards when the 30min candle closed red with a long wick spike sticking up.
Nasdaq can be such a bi@@tch sometimes with it's hectic spikes.
So I re-entered a sell at roughly the some level as my first entry.
Unfortunately for me, price moved up again, because the 1H + 30min EMA provided dynamic support.
I closed my position at the blue arrow, taking another loss of 550 pips.
So that's more than 1'000 pips on a full position size.
This trade would have been higher quality if the 30min and 1H EMA's were broken down too.
Then even though I had identified the red highlighted zone as a strong area of confluence for a sell (4H EMA + D 0.318 + W neckline), I took no action when price got there.
Usually on area's of interest, I would move down to the 5min TF and take a position once a price reversal pattern forms.
However, I am so used to working in a bullish environment that my brain didn't register what to do in a bearish environment.
It sound's dumb because I literally didn't click that I need to take action now. I am not used to applying my strategy in reverse.
So what I should have done is enter a sell again at the squiggly line on the 5min DT. Would have made a few thousand pips.
But would have, could have, should have.
Point is that I didn't take the sell and I do know from the past that I struggle to apply my strategy in reverse.
Lesson: Write actions directly on my chart for bearish biases.
I do take comfort from the fact that my analysis was ultimately correct (at time of writing), I just didnt find the correct entry today.
Out for the day, I like to limit my daily losses to 1'000 pips.
I know I can easily make this up and prefer to live to trade another day than trying to revenge trade.
Hope you had a better 1st day trading than me! :)
The total bullish move for the day was 3'100 pips (at time of posting)
I captured ZEROOOOOOOO % of the total move AAAAAHHHHH :(
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
MSTR - The Saylor in the Storm!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈MSTR has been overall bullish trading within the rising channel marked in blue. (log chart)
Currently, it is in a correction phase within the falling red channel.
Moreover, the red zone is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower trendlines acting as non-horizontal support.
📚 As per my trading style:
As #MSTR approaches the blue circle, 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
QQQ Fib Levels - just touched 2.0I used to be a big advocate for Fib levels, but I feel like the lead me astray more times than helped, but none the less here is a high-level look with my estimate of fib levels. If I did it correctly, QQQ just touched off the 2.0 level. This could explain the weakness we saw this holiday season instead of the normal "Santa Claus Rally". Will we get a sizeable correction in 2025? Don't know, but there is clear weakness with some form of pullback coming. Just short term or something bigger, hard to know yet. I'm in the camp of a pump and dump on the Trump administration. How does it go, buy the rumor, sell the news. Feels like it to me.
Happy New Year!
NASDAQ // daily countertrendThe daily countertrend is valid with 1-2-3 waves down.
As long as the H4 short trend is also valid (below the H4 impulse base), the market is in the expansion phase of the short countertrend.
Targets are correction fibo 38.2 and 50, and the H4 target fibo 138.2 in line with the weekly impulse base.
This is the correction. Keep it in mind when calculating position size!
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Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
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Stay grounded, stay present. 🏄🏼♂️
<<boost🚀 if you enjoy💚
NEW IDEA FOR NASDAQ100The Nasdaq 100 index, which includes 100 of the largest technology companies in the United States, is considered one of the most important indices in the global stock market. In this article, we will analyze the technical analysis of this index and consider a scenario in which the price could decline to the support of the channel floor at 19,420.0 if the key resistance at 21,418.4 holds.
The scenario ahead
In technical analysis, support and resistance levels play a decisive role in predicting future price movements. Here, we will consider a scenario in which the price could decline to the support of the channel floor at 19,420.0 if the resistance at 21,418.4 holds.
1. Holding the resistance at 21,418.4
If the price fails to break the resistance at 21,418.4 and remains below this level, it indicates a continuation of the downtrend. This scenario seems likely given the current selling pressure in the market.
2. Moving towards support at 19,420.0
If the resistance holds, the price is likely to decline towards the channel floor support at 19,420.0. This level is considered a strong support area that may trigger a price reversal or temporary consolidation.
NASDAQ 2025: The First Direction? 25.01.01Hello, this is Greedy All-Day.
Today’s analysis focuses on the NASDAQ.
Tuesday Briefing Results
Let’s start with the results of Tuesday’s briefing.
Both buy and sell signals played out as expected.
Buy Signal:
The breakout above the resistance trendline and 21476 level was the trigger for a buy entry.
The target was the yellow box supply zone, and the price moved as predicted.
The breakout occurred after the NASDAQ had already corrected significantly, making it a reasonable entry.
Maximum profit for this position was 120 points, equating to approximately $2,400 per contract.
Sell Signal:
For short positions, I recommended waiting for a breakdown of Monday’s low at 21253 in addition to the trendline break.
The price broke 21253 and exceeded the target of 21204, providing a solid short trade.
From the entry point, the NASDAQ dropped 70 points, yielding a profit of approximately $1,400 per contract.
Total Potential Profit:
Combined, the maximum profit for both trades was approximately $3,800 per contract on Tuesday.
Daily Chart Analysis
To prepare for Thursday, let’s examine the daily chart.
As mentioned on Tuesday, the price touched the 60 EMA and briefly broke below it but ultimately closed at the EMA level.
The remaining support is the December 20 low at 21006, which is the key level to watch.
A breakdown below 21006 would confirm entry into the yellow box supply zone or potentially the red box demand zone.
Key Observations:
The red box zone aligns with the lower boundary of the Ichimoku Cloud, which makes it a significant support level unlikely to break easily.
However, the yellow box zone has no clear support levels, as it previously acted as a supply zone that pushed the price upward.
If the price enters the yellow box, expect either volatile swings or a one-directional move, depending on market sentiment.
Descending Broadening Pattern
The NASDAQ is forming a descending broadening pattern after the sharp drop on December 27, 2024.
Key Insights:
Support levels appear weak, and the trend has shifted bearish since December 27.
A complete trend reversal requires a breakout above 21734, the starting point of the pattern.
Trading Strategy:
For short positions: Focus on larger moves, as the downtrend dominates.
For long positions: Keep trades short-term and within the range until a clear breakout invalidates the pattern.
Buy Perspective
Buy Entry Levels:
First Entry: Breakout above the red box resistance trendline and 21360.
If this level breaks, the price may briefly rise to the top of the yellow box at 21442.
However, this is not a full trend reversal, so a conservative approach is recommended.
Second Entry: Breakout above the blue resistance trendline.
If this occurs, the yellow box top will likely already be broken, opening up a potential move to 21571.
Even then, the trend reversal would still be incomplete, so caution is advised.
Third Entry: Breakout above 21571.
This level opens the path to the next significant resistance at 21746, providing a stronger buy signal with momentum.
Sell Perspective
Sell Entry Levels:
First Entry: Breakdown below Tuesday’s low at 21177.
Target: 21128, which corresponds to a past demand zone with historical support from prior wicks.
Second Entry: Breakdown below 21128.
Target: 21006, the December 20 low, which is a critical support level.
Extended Target:
If 21006 breaks, the daily chart opens up for a potential move into the 20000 range, as previously analyzed.
Conclusion
The NASDAQ is currently in a volatile and pivotal zone:
For buyers: Focus on breakouts above key levels (21360, 21571) with conservative targets until a full trend reversal occurs.
For sellers: Use breakdowns of key supports (21177, 21128, 21006) for entries, with room for larger moves in case of further downside.
Patience and precision will be key to navigating this market. Let’s trade smart and make the most of these opportunities. 🚀
NQ can strongly gow quickly downhello
I expect a very big fall of NQ withing these 2 or 3 days toward 20680.
be aware because now NQ is to short.so do not be against the downtyrend.
it should at least breathes the same broken corridor.
NB: if you want my analysis feel free to join me here just text me.
NASDAQ 100 index / US 100 outlook Based on the previous week rejection of the 21742.33 zone, I'm anticipating price to come back to 21610.60 which is my daily point of interest for sell continuation (a pullback os anticipated) taking the Monday high as Inducement. But I'm looking forward to catching the pullback with the H4 POI: 21045.73 , yesterday's low as Inducement hence buying till we reach my daily poi before the sell continuation.
What's your outlook on this.
Comment let's interact
Don't forget to follow to get notifications of I drop my outlooks.
Technical Analysis: Key Levels After 400-Pip DropTechnical Analysis
Yesterday, the price dropped approximately 400 pip and reversed at its support level. Today, the price is expected to test 21,200. A break below this support level (21,200) could extend the bearish trend toward 20,990.
However, if the price stabilizes above 21,200 with a 4-hour candle close, it could push higher toward 21,400. Stability above 21,400 would support a bullish move toward 21,535.
Key Levels:
Pivot Point: 31350
Resistance Levels: 21400, 21535, 21620
Support Levels: 21160, 20990, 20860
Trend Outlook:
Consolidation between 21200 and 21395
Bearish Momentum by stability below 21200
Nasdaq Analysis: Wrapping Up 2024 with Precision 24.12.31Hello, this is Greedy All-Day.
Today's analysis focuses on the Nasdaq.
Results from Monday's Briefing
Let’s start by reviewing the results of Monday's briefing.
Buy Scenario: Breakout above the resistance trendline.
Sell Scenario: Breakdown below the upward trendline.
The buy scenario did not activate as the entry level was not reached.
In the sell scenario, the price broke below the upward trendline and dropped to approximately 343 points lower.
For a single contract, this move offered a profit of about $6,800, providing a solid opportunity for gains.
Today's Analysis
Daily Chart Overview
If a rebound occurs, the price might bounce up to the 20-day moving average on the daily chart.
However, instead of focusing on the rebound potential, it’s more important to analyze how much further the downside could extend.
As of now:
The 60-day moving average on the daily chart aligns near yesterday’s support zone at 21,253.
This moving average could serve as short-term support.
If this support fails:
The price could drop to the recent low of 21,006, recorded on December 20, 2024.
The red box marks a key level. If this zone breaks, the price could enter the cloud zone, fully entering the green box supply zone on the left. This could further open the possibility of a decline to the lower boundary of the green box.
Buy Scenario
Today's buy scenario presents two potential entry points:
Entry 1: Breakout above the high supply zone from the Asian session + Breakout above 21,476.75.
Target: Maximum 21,571.
Entry 2: Breakout above 21,571 + Breakout above the yellow resistance trendline, located in the green box.
Target 1: 21,666.
Target 2: 21,739.
Target 3: Maximum to the orange box.
Targets 1 and 2 are based on the premise that the price has entered the white supply zone on the left.
Sell Scenario
For the sell scenario, the entry will not rely on the trendline break due to its shallow slope. Even if the trendline breaks, a retest bounce from yesterday's low of 21,253 is likely.
Thus, the sell entry point will be upon a breakdown below the green box, which marks yesterday’s low of 21,253.
Target 1: 21,204 (red box).
The first target is relatively small because the past data shows a bounce from the orange box supply zone on the left.
Target 2: 21,006, the low recorded on December 20, 2024.
Conclusion
Let’s finish 2024 strong! Since January 1 is a holiday, I’ll return with the next briefing on January 2.
Happy New Year in advance, and see you soon!
Nasdaq Intraday Review - Monday 30 Dec 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
News - None
Directional bias - BUY, all higher TFs are bullish
Morning analysis:
M TF - Bullish, but long wick starting to appear which indicates the pressure from bears - at time of writing, wick is 7'295 pips
W TF - Potential W neckline identified. On line chart candle closes have managed to stay above upward trend line.
D TF - Price came up to retest the DT (marked with green lines) and failed to successfully break the neckline upwards. Bears stepped in and pushed back down, now (at time of writing) it seems D EMA is acting as dynamic support.
As the day progressed:
Tried a small buy position at the top hand icon, but it turned out to be a fake out and I took a small loss (+- 300 pips).
Confirmations:
1. Market pattern - DB on 30min TF
2. S&R - D EMA seemed to be acing as dynamic support
3. Trend - temporary pink downtrend line broken upwards
4. Fib - DB forming right at D 0.382 fib level
Mental SL placed at the thick pink line i.e. half the height of the DB pattern. As candles started closing below my mental stop, I closed my position at 300 pips loss.
Price was unable to break through the 30min EMA. If Nasdaq is particularly bullish or bearish, price will react to the 30min EMA.
I was wary of this when I entered and so I entered my buy with a small position, ready to scale in if price moved my way.
However, price moved down significantly, tapping the W 0.618 fib level and the D 50 EMA.
Here price started to consolidate and formed a DB on the 15min TF.
Entered a full position size buy at the blue arrow icon - Confirmations:
1. Market pattern - DB on the 15TF, with a strong momentum candle breaking the neckline upwards (marked in turquoise lines)
2. S&R - strong D S&R zone (marked in red highlight on the D chart), from which price has significantly moved at A. and B. This level acted as resistance at A. and support at B. evidencing that this level is strong.
3. Trend - The temporary downtrend line (marked in orange) was broken upwards, indicating that price is no longer respecting this downtrend and is ready to move upwards.
4. Fib - Price wicked down to the W 0.618 fib level and the DB formed just above this level. This indicated that price is not only reacting to this level but also gave a trend reversal signal (DB pattern) at this level.
5. Candlesticks - A red inverted hammer candle formed on the 30min TF, just before the break of the 15min DB. This candle is bullish in nature and shows that bulls have entered the market and tried to push price higher, but bears did not have the strength to push price down significantly past the candle open. Indicates bearish loss of momentum.
Mental SL placed at the thick pink line, placed below the W 0.618 fib level and below the candle wicks sticking out below this fib level.
Price moved up nicely and I closed my position at 1'300 pips at the top blue arrow when price made a reversal pattern on the 15min TF (DT).
YEAR END CLOSING:
After today's nice profit, I decided to close out my trading year and so I wont be trading tomorrow.
This year was my best trading year yet.
I made 72% ROI and I can't help but say how proud I am of the progress I have made.
It's been a long road, but seeing the returns slowly building is very rewarding.
I hope you had a great trading year! And if not, this is a reminder that it is possible. It's extremely hard, but it is possible. Just keep going!
All the best for 2025! :) Hope we make some good $$$$$$$$$$$$$$$ :)
The total move for the day in the direction that I was looking for was 3'118 pips:
I captured 42 % of the total move and looking at the candles, I am happy with that.
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
US100 - Key Levels and Recovery Potential in Focus🚨 US100 Market Update 🚨
Today’s price action on the Nasdaq (US100) is displaying a recovery from a strong bearish impulse earlier in the session. Let’s dive into the chart and key actionable levels:
Key Levels:
Resistance Zones:
Bear Day: $21,380 is a critical resistance level. A breakout above this zone could pave the way toward the Close Day/Week level around $21,500.
Sellers are heavily defending this zone, making it a key battleground for the day.
Support Zones:
Bear Week (Yellow Dashed Line): $21,260 is providing strong intraday support. This level needs to hold for the bullish recovery to sustain.
Day - ATR: $21,120 represents the lower bound for today’s session. Breaching this level could trigger accelerated selling pressure toward $20,960.
Bullish Swing Zone:
The $21,240 region aligns with the start of bullish interest. A confirmed bounce here could lead to upward momentum toward the next resistance levels.
Volume Profile Insights:
High Volume Nodes (HVNs): A significant volume cluster exists between $21,260 and $21,300. This zone is pivotal for determining market direction.
Low Volume Nodes (LVNs): A gap near $21,180 suggests potential for rapid price movement if the price revisits this area.
Market Structure:
The recovery off the lows is showing signs of strength, but resistance at the Bear Day level has yet to be broken.
The Volume Profile reveals a consolidation near the mid-range of $21,300, indicating indecision in the short term.
Strategy Suggestions:
Longs:
Entry above $21,380 with a target of $21,500 and $21,520. Stop-loss near $21,320.
Alternatively, consider buying near $21,240 if bullish momentum resumes.
Shorts:
Entry below $21,260 targeting $21,120 and $20,960. Stop-loss above $21,300.
Scalping Opportunities:
Use the range of $21,260–$21,380 for intraday scalps until a breakout or breakdown occurs.
Final Notes:
Nasdaq is currently range-bound, and key levels like $21,260 (support) and $21,380 (resistance) will dictate the next move. Watch for volume spikes and strong candle closes to confirm any breakout or breakdown scenarios.
🔔 Are you bullish or bearish on Nasdaq? Let me know in the comments!
NASDAQ headed into a volatile January but uptrend remains intactNasdaq (NDX) is yet again testing the 1D MA50 (blue trend-line) following the direct hit of December 20. Despite the pull-back, it is technically respecting the 2-year Channel Up that it's been trading in since the December 26 2022 market bottom. Its most recent Higher Low was on the August 05 2024 1W candle, which initiated the Bullish Leg we're currently in.
Until we get a 1W candle closing below the 1D MA200 (orange trend-line), the pattern remains intact and the strategy is to continue buying into the current Bullish Leg. The previous two Bullish Legs had one main pull-back/ correction sequence each and apart from that, the majority of the Leg was technically a straight uptrend. Given that the current Bullish Leg has been trading above its 1D MA50 since September 12, it is not unlikely to see a correction below it.
Technically, it could be similar to the previous Bullish Leg (March 04 - April 15 2024), as we are trading within the 0.382 - 0.5 Fibonacci range. This means that one more rise above the 0.382 Fib is to be expected in the first week of January but it is likely to then see a correction for the rest of the month below the 1D MA50 into the first 2 weeks of February.
If after that, the 0.5 Fib and 1D MA200 levels hold, we expect the Bullish Leg to resume the uptrend and target 25300. That would be a rise of around +48%, which is the % rise of both previous Bullish Legs.
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HOVR Heading For New Horizons?! Cup & Handle Set-UpLets break down NASDAQ:HOVR on the Daily Chart!
Price from Mid-Sept to Early-Dec outlined the "Bowl" of the Cup and on Dec. 11th, Price made the Retracement to the Golden Ratio Zone to start the "Handle"!
Today we have Price printing a STRONG Bullish Candle Breaking the Confirmation of the Cup & Handle Pattern @ .8799!
Fundamentally, NASDAQ:HOVR secured a $8.4 Million investment from an "unnamed investor" to help with the advancement of the Hybrid Electric Vertical Take-off Aircraft, the Cavorite X7.
-https://www.tradingview.com/news/mtnewswires.com:20241220:A3286797:0/
*In order for the Pattern to be Validated, WAIT for Price to Close above Confirmation @ .8799, then we will expect Price to come back down to Retest the Break @ ( .8900 - .8799 ), THEN the Pattern is Validated and we can look for Buying Opportunities!!
Indicators:
-RSI Above 50
-BBTrend Printing Green Bars
-Bullish Volume Building
NAS 100: Bullish Trend with Year-End Pullback - Where To Next?In this video, I analyze the NAS 100 on higher timeframes, starting with a quick top-down review to explore a potential trade setup. The three-week and weekly charts indicate a bullish trend; however, as we approach the end of the year, there’s some pullback and uncertain price action. I share my insights on the current market conditions and discuss a possible trade idea. Please note, this is not financial advice.
Advanced Micro Devices (AMD) AnalysisCompany Overview:
Advanced Micro Devices NASDAQ:AMD is a global leader in high-performance computing, graphics, and AI solutions, catering to enterprise, gaming, and data center markets. The company's strategic focus on innovation, competitive pricing, and market expansion has solidified its position as a compelling alternative to larger industry players.
Key Growth Catalysts
Data Center Momentum:
AMD’s EPYC CPUs and Instinct GPUs are gaining significant traction among enterprise and cloud customers.
Increasing adoption of AMD’s products by major hyperscalers reflects its strong positioning in AI workloads and high-performance computing (HPC).
AI Leadership Expansion:
Recent acquisitions of Silo AI and ZT Systems bolster AMD's expertise in AI model development and HPC systems, addressing growing demand for scalable AI infrastructure.
Partnerships with leading cloud providers like Microsoft Azure and Google Cloud further strengthen its foothold in the AI and gaming-as-a-service markets.
Gaming and Graphics:
AMD’s Radeon GPUs and Ryzen CPUs remain highly competitive in the gaming sector, supported by robust demand for gaming consoles and PC components.
Collaboration with console manufacturers like Sony (PlayStation) and Microsoft (Xbox) ensures consistent revenue streams.
Innovation and Pricing:
AMD’s focus on delivering price-performance leadership positions it as a viable competitor to industry giants like NVIDIA and Intel.
Cutting-edge technologies like 3D chip stacking and advanced manufacturing nodes give AMD a technical edge.
Financial and Market Outlook
Strategic Partnerships: Collaborations with Microsoft and Google provide long-term growth potential in cloud computing and AI services.
Revenue Growth: AMD’s expansion into AI accelerators and HPC ensures consistent double-digit growth in revenue and profitability.
Investment Thesis
Bullish Case:
We remain bullish on AMD above the $108.00-$110.00 range, supported by its strong product lineup, strategic acquisitions, and partnerships in key growth sectors like AI, cloud, and gaming.
Upside Potential:
Our price target is $225.00-$230.00, reflecting confidence in AMD’s ability to expand market share and sustain innovation-driven growth.
🚀 AMD—Leading the Next Wave of High-Performance Computing and AI Transformation. #AI #CloudComputing #Gaming #HPC