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Nasdaq100

$QQQ -Bears been Missing - Invesco's NASDAQ:QQQ uptrend continues to remain valid, despite last weeks close in red ; while its series of Higher Highs are now places of buyers interest due to price action retracements. Price levels to continue acting as Uptrend Supports during Rising Channel's uptrend resumption. It would take a catastrophy to plunge the price of NASDAQ:QQQ considering so many supports below, while price reversing below the last touch of broken Trendline Resistance from ATH's seems 'impossible' from Fed's upcoming $USSIRY alone. Yet, that is still to be seen. Looking at Invesco NASDAQ:QQQ from ATH, a Change of Character was spotted on *W(tf). Zooming on *3D & *D (tf) a Rising Channel pattern seems to be in place, with its Resistance Trendline being respected from Price Action resulting to a negative -2.6% drawdown rejection on the last 3D* candlestick print. TRADE SAFE *** Note that this is not Financial Advice ! Please do your own research and consult your own Financial Advisor before considering partaking any trading activity based solely on this Idea .
NASDAQ:QQQ
by Mr_J__fx
Reasons to Aim Even Lower Than Before on the NASDAQ-100So you have this Local Double Harmonic setup with PPO Confirmation on the QQQ that is aiming for a 20-40% pull back which can be seen here: In addition to the setup above, you also have this longer term Ascending Broadening Wedge Pattern that goes all the way back to the beginning of 2016 and If the local Harmonic Plays out, we will likely hit the bottom Demand Line before ever having tested the Upper Supply Line and that would then confirm a Partial Rise which would give us a heightened 74% chance of breaking down below the wedge. Upon breaking below the wedge our typical price target for a wedge like this would be a 100% retrace of the pattern which in this case takes us back to 2016 levels at around $3,800
NASDAQ:NDXShort
by RizeSenpai
Nasdaq -> Sell Everything Now!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of the Nasdaq 💪 Looking at the macro view on the monthly timframe you can see that at the moment the Nasdaq is retesting massive resistance of the 10+ years rising channel formation so I do expect a monthly push lower. With the recent weekly rejection of the major previous structure zone, everything is looking like Nas100 will also break the current support level and simply drop further towards the downside. And you can also see that there is the possibility that Nas100 will create a regular head and shoulders in combination with a double top on the daily timeframe which is a massively bearish reversal pattern suggesting that we might see a harsh move lower on Nas100. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
FX:NAS100Short
by basictradingtv
41
Lazyluchi Trades Nasdaq EP 24 Let's dive into the current state of NASDAQ 100. After a week of bearish pressure, we've witnessed an interesting turn of events—a bullish divergence! 📉📈 This could indicate a potential shift in momentum, but as always, caution is key. Bear with me as I break down the technicals: NASDAQ 100 has broken past its lower highs, suggesting a potential trend reversal. This divergence often signals weakening bearish momentum, potentially opening doors for the bulls to regain control. 🐂📊 #TechnicalAnalysis The next point of support seems to be around the 15073-15140 range. This area could act as a crucial zone to watch, as it might determine the strength of the potential bullish trend continuation or Vice-versa 📉🚀 #SupportLevels #NASDAQAnalysis Now, onto my current trade: I've entered a buy position at an opportune moment, catching the bullish continuation in action. So far, the trade has already gained 30 points, adding a nice touch to my trading account. 📈💼 However, it's essential to remember that trading is a game of probabilities. While the signs are encouraging, nothing is guaranteed in the markets. I'm keeping a close eye on the price action and structures ready to change my bias if needed. 🧐🔍 My trade has a target of 100 points, aiming to capitalize on the potential upward movement. If the trade reaches my target, I'll consider taking profits. If not, I'm prepared to manage potential losses. 💡🎯 My current buy trade is off to a good start, but the journey ahead remains uncertain.
PEPPERSTONE:NAS100
by lazyluchi
NASDAQ/QQQ Took Support at Predicted Support AreaNASDAQ 100 ( CME_MINI:NQ1! ) took Support at the area suggested in my previous Idea Post (see attached). For further confirmation we will wait to see if it holds above the 50 day EMA on Daily Time Frame. It is currently above the 50 day EMA in the Pre-market session on Tuesday. If the Confirmation is achieved today, then we will look for another rally up to the Resistance Area from where the pullback started. Possible catalyst for this rally could be NASDAQ:NVDA 's earning Tomorrow AH, or J. Powell's speech at the Jackson Hole Conference on the 25th. It is important to note that the market is still top heavy and favorable Macro environment is necessary for an uptrend.
CME_MINI:NQ1!Long
by Trading-Economist
1
$QQQ Double Bottom Short Term BounceNASDAQ:QQQ Possible bounce here for a couple of weeks is not out of the question. Double Bottom Short Term Bounce. A double bottom is a bullish reversal pattern commonly used in technical analysis to identify potential trend reversals from a downtrend to an uptrend. It's characterized by two distinct lows that are roughly at the same level, followed by a price move higher. Here's how to recognize and interpret a double bottom pattern: 1. **Downtrend:** The double bottom pattern forms after a prolonged downtrend. It signifies that the price has been in a downward movement for some time. 2. **First Low (Trough):** The first low represents the end of the downtrend's downward move. It is followed by a temporary price increase as buyers step in, but this rally usually doesn't result in a significant trend reversal. 3. **Rally and Pullback:** After the first low, there is a rally (upward movement) in price. However, this rally is typically followed by a pullback as selling pressure re-emerges. The pullback doesn't typically reach new lows. 4. **Second Low (Trough):** The price then makes a second low, which is often at or near the same level as the first low. This forms the second "bottom" of the pattern. At this point, some traders who missed the initial upward move may start entering long positions. 5. **Breakout:** The most important part of the pattern is the breakout. When the price breaks above the high point (resistance) that formed between the two lows, it confirms the double bottom pattern. This breakout signals that the downtrend may be reversing into an uptrend. 6. **Confirmation:** To confirm the pattern, traders often look for increasing trading volume as the price breaks out of the pattern. This suggests that there's strong buying interest behind the move. 7. **Price Target:** The projected price target is estimated by measuring the distance from the resistance level (between the two lows) to the lowest trough, and then adding that distance to the breakout point. This gives an approximate target for the expected upward move. It's important to remember that while double bottom patterns can be reliable indicators of potential trend reversals, they are not guaranteed to be accurate every time. Traders often use additional analysis techniques and tools to confirm the pattern's validity before making trading decisions. Combining technical analysis with fundamental analysis and proper risk management is essential for successful trading.
NASDAQ:QQQ
by AlgoTradeAlert
Lazyluchi Trades Nasdaq100 EP 23 Hey guys, It's a new week in and my week was only great on wednesday and thursday. I remember dropping an analysis and explaining what I was looking at and they played out well but I had a "tight stop-loss" issue which was a major stumbling block for me this week. So I took Ls but thankfully, Wednesday saved the week. She's currently still Bearish and I can't help but see the support at 14300 and 14600 (where she's currently at). I don't know if she'll react to it but i'll be looking for potential buys at that area. Also some other signs I'll be looking out for are: bullish divergence, and higher lows with possible double bottoms. As for the bears, if they keep breaking past support, I'll keep selling after a new lower high. Have a great weekend. Let me know how your week was.
PEPPERSTONE:NAS100
by lazyluchi
Nasdaq is ready to drop or surprise us!Next CPI number will be important for SKILLING:NASDAQ , which has been rising like there will be no tomorrow. If we see a hot CPI number, we may see a strong drop towards 14500 area. If core cpi number shows a sign that the sticky part of the inflation is also cooling down, we may see some initial the first steps of the move towards ATH. Let's see if the market will respect the up trend or finally break it down. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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by WhaleGambit