Get started

Nasdaq100

QQQ Nasdaq 100 ETF Price Prediction for 2024This was my price prediction for QQQ in 2023. I was bullish, but not enough: Considerations about 2024: In the July 2023 meeting, the FOMC chose to raise interest rates to a range of 5.25%–5.50%, marking the 11th rate hike in the current cycle aimed at mitigating heightened inflation. The prevailing consensus among market experts hints at a potential shift in strategy, suggesting that the Fed might commence rate cuts later in 2024 as inflation gradually aligns with the Fed's 2% target. Statistically, historical data indicates that approximately 11 months after the cessation of interest rate increases, a recession tends to manifest. This pattern places us around June 2024, aligning with my prediction of a dip in the QQQ to approximately $370. Given that 2024 is an election year, there's an additional layer of complexity in predicting market behavior. Despite the anticipated mid-year dip, my inclination is that the QQQ will conclude the year on a bullish note. This optimistic outlook hints at the onset of a 3-5 year AI bubble cycle, with the QQQ boasting a year-end price target of $460. The integration of artificial intelligence into various sectors is expected to catalyze market growth and innovation, propelling the QQQ to new heights by the close of 2024.
NASDAQ:QQQLong
by TopgOptions
Corrective trend continuation pattern? The end of the impulse paHello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market. Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision. To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand. I hope my analysis will be useful to you in your business journey, and I wish you the best. I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely,
OANDA:NAS100USD
by Mehdi_Abbasi_EWP
Nasdaq Intraday Review – Wednesday 3 Jan 2024I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis at +- 5:20am GMT Usually, I am looking exclusively for a buy because Nasdaq was bullish overall and trading with the trend is always a good idea. But bears have totally dominated, with a push down of nearly 6000 pips. This could be a total trend reversal i.e. we move into a bear market. Or it could be a big retracement on the D TF (from swing low at A. to swing high at B.) Retracement levels marked with orange text. I believe it will ultimately be a retracement. A huge double top formed previously on the D TF (marked in pink). Market usually moves the same distance as the height of the pattern after the neckline is broken (marked by the pink vertical line). Yesterday we saw the D candle close below the neckline effectively breaking the neckline. So far today, the D EMA and D 0.382 retracement level has not been enough to stop the bears, and judging by the pink vertical line, market could still fall some way. I entered a small buy (10% of my usual position size) on a double bottom that formed on the 15min TM but closed soon after. What could I have done differently: It’s ridiculous of me to think that it's enough confirmation to enter a buy on a 15min TF (a very small TF). A 6000 pip bearish move will not come to a screaming halt on a 15min double bottom. There will be a double bottom or other market pattern formed on a much larger TF. Other than that, I just observed the market today. We are in a retracement zone….so not changing my bias to bearish until I can rule out a bull retracement. Learnt a lot from these past few days. My biggest lesson was the power and strength of double tops forming on multiple timeframes at the same time - as we saw today again (double top on 1H and 4H). If I had to enter a sell today, it would have been at C. (for an aggressive entry (0.618 sell fib level + respecting the 30 min EMA)) or at D. (break of the neckline of the double top). Good luck if you are still trading! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support and resistance EMA = exponential moving average
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review – Tuesday 2 Jan 2024I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis at +- 5:20am GMT Usually, I am looking exclusively for a buy because Nasdaq was bullish overall and trading with the trend is always a good idea. But I was considering just observing the market today as there is a fully formed Double top on a high TF (4H) + two red D candle closes + Nasdaq all-time highs. Bears have just been waiting for the sell at all-time highs, but bulls have proven to be very strong over the last two months. As the morning progressed, two double tops were forming on the 1H and 30min TF. However, when a double bottom formed, I entered a small buy at A. – Confirmations: - Market Pattern: Double bottom on the 1H TF. I entered my buy on the break of the neckline on the 30min TF - Trend line: Break of the temporary down trend line (marked in blue) - Fib: Double bottom formed at D 0.382 retracement level - Candle sticks: Long wick candles on the 4H TF Entered a position which is 20% of my usual position size, as I knew this was a risky entry (all EMA's + pivot point above my buy pushing down). Set a tight mental stop loss, marked by the thick pink line. If candles started closing below this point then neckline of the 1H double bottom was broken and market would sell. Bears pushed down and I took a 250 pips loss. Entered a buy at B. – Confirmations: S&R: Strong D level support and resistance S&R: D 20 EMA was at this level Fib: Bigger picture 0.382 D fib level I knew there should at least be a bounce at this level and I entered a small buy. I secured at entry after the market was +-250 pips up from my position, so I was trading risk free. Ultimately, market moved 850pips up from my position. I was expecting a bigger move up to at least the 30min EMA but market turned around quite unexpectedly (for me at least) and I was out at entry. This is also the time of day that I am not in front of my trading screens and I was monitoring periodically on my phone. What could I have done differently: I could have jumped on the sell train, but generally I don’t like to flip flop between biases. I have lost a lot of money in doing that and trading with the overall trend has become part of my trading rules. This massive bearish move may be a bigger TF retracement or it may be a trend reversal. Let’s see what the market has in store for us today. Hope you caught the sell! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support and resistance EMA = exponential moving average
PEPPERSTONE:NAS100
by Jinxx84
It will happen if the corrective pattern is wave degree.Hello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market. Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision. To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand. I hope my analysis will be useful to you in your business journey, and I wish you the best. I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely,
SPREADEX:NDX
by Mehdi_Abbasi_EWP
US Equities 2024 OutlookCME: E-Mini S&P ( CME_MINI:ES1! ), E-Mini Nasdaq ( CME_MINI:NQ1! ) Stock investors around the world had a banner year in 2023. Of the ten major stock market indexes I monitor, eight delivered solid 1-year returns. • North America: S&P 500, +23.9%; Nasdaq Composite, +53.6%; • South America: Bovespa (Brazil), +22.3%; • Europe: FTSE (UK), +3.0%; Stoxx (Germany), +11.3%; • Asia: Nikkei (Japan), +28.2%; Kospi (Korea), +18.7%; Nifty (India), +19.5%; • China: SSE (Shanghai), -3.2%; Hang Seng (HK), -13.7%. In this second installment of new year outlook for major asset classes, I will discuss what opportunities may lay ahead for US stocks. Subsequent writings will cover Energy, Agricultural commodities, Interest Rates, Forex, and Cryptocurrencies. FYI: The last writing was a year-end review for metal commodities – Gold, Copper, and Aluminum. If you haven’t read it yet, you may follow the link here: Record Gains Built from Lower Baselines While all four major US stock indexes booked double-digit returns in 2023, they each experienced a steep loss in 2022. The combined 2022-2023 returns aren’t so impressive. • Dow Jones: +5.3% • S&P 500: +3.3% • Nasdaq 100: +9.3% • Russell 2000: -5.9% You may think that adding the 2022 return of -18.1 and 2023 return of 23.9% will give the S&P a 2-year return of +5.8%. But the actual return is only +3.3%. Why? Simple Math: If you lose 20% first, you will need to gain 25% to make up for the loss and just get back to square one. Mathematically, 1/0.8 = 1.25, or (1-20%) * (1+25%) = 1. This matters a lot to hedge funds. An active manager may have a 2-20 arrangement with his investors, which is 2% fee on asset-under-management, and 20% on carry interest. If a fund closely tracks the Nasdaq, the manager received no carry for 2022, and the carry for 2023 is based on the 2-year return of +9.3%, not the 2023 return of 53.6%. The fund usually would have a “high water mark” clause that requires the manager to make up for prior loss before getting paid. Therefore, Wall Street bonuses may not be that big this year. 2024 Outlook for US Equities The December 26th CFTC Commitments of Traders report (COT) shows that: • E-Mini Dow: “Asset Manager” has 26,070 long positions and 3,098 short positions. • E-Mini S&P 500: Asset Manager has 1,147,149 longs and 275,037shorts. • E-Mini Nasdaq 100: Asset Manager has 111,046 longs and 20,662 shorts. • E-Mini Russell 2000: Asset Manager 229,229 longs and 142,312 shorts. The overwhelmingly Net Long positions on all major US index futures indicate that futures traders are very bullish on US equities. Investors eye in a soft landing for the US economy and expect aggressive rate cuts by the Federal Reserve. According to CME Group’s FedWatch Tool, the first rate-cut could occur at the March 20th Fed meeting, with a 73.5% probability. For June 12th, the odds of two or more rate cuts increase to 82.2%. By December 18th, investors expect the Fed Funds rate will be 1% to 2% lower than the current 5.25-5.50% range, with 98.5% odds (Data as of January 1st). (Link: www.cmegroup.com) US equity indexes could stay high as long as the Fed remains dovish. The past few months proved that investors are very resilient. The bullish market sentiment is very hard to break, unless really bad things happen. If an investor owns US stocks, there is no good reason to sell them now. We have seen that geopolitical risks had done little damage to US equities. Fed policy still drives the market. Staying with the ride and hedging the stock portfolio with put options may be a good strategy. Trading with CME E-Mini Equity Index Put Options As US equity indexes take turn making all-time high, it’s costly to buy the underlying stocks. Options are an inexpensive alternative to get exposure in stocks. Depending your stock portfolio and views, you could either long or short the options on E-Mini S&P 500 futures • Last Friday, the March E-Mini S&P 500 futures (ESH4) was settled at 4,812.75. Buying 1 long or short position requires initial margins of $11,800; • January end-of-the-month (EOM) Call options with a 4910-strike costed 23.50 points. Premium for 1 call is $1,175 (= 23.5 x $50 multiplier); • January EOM Put options with a 4710-strike priced at 27 points. Premium for 1 put is $1,350 (= 27 x 50). We could construct a similar strategy with E-Mini Nasdaq 100. • Last Friday, the March E-Mini Nasdaq futures (NQH4) was settled at 17,003.75. Buying 1 long or short position requires initial margins of $17,700; • January end-of-the-month (EOM) Call options with a 17,200-strike costed 208.50 points. Premium for 1 call is $4,170 (= 208.50 x $20 multiplier); • January EOM Put options with a 16500-strike priced at 127.70 points. Premium for 1 put is $2,551.40 (= 127.75 x 20). In a rising market, out-of-the-money put options could be a strategy for small odds with big payoff. In January, we will have new data releases for December inflation (CPI and PCE) and nonfarm payroll employment, as well as a Fed meeting on January 31st. My reasoning: If we see inflation rebound, stronger employment, or a hawkish Fed, the stock market could turn south, resulting in a gain for the put. Hypothetically, if the March S&P futures price drops 150 points by January month-end options expiration, the put would be 47.25 points in-the-money (= 4710 – 4,662.75) and earn $2,362.5 (= 47.25 x $50). Using the initial margin as cost base calculations, the theoretical return would be 75% (= 2362.5 / 1350 - 1). If the March Nasdaq drops 800 points (17,003.75-800=16,203.75) at January options expiration, the put would be 296.25 points in-the-money (= 16,500 – 16,203.75) and earn $5,925 (= 296.25 x $20). The theoretical return would be 132% (= 5925 / 2551.4 - 1). On the other hand, if stocks continue to rise, put options will lose money, but never go beyond the premium already paid. Options Calculator is a free tool CME Group provided for options traders. It generates fair value prices and Greeks for any of CME Group’s options on futures contracts or price up a generic option with this universal calculator. Traders could customize their input parameters by strike, option type, underlying futures price, volatility, days to expiration (DTE), rate, and choose from 8 different pricing models including Black Scholes. www.cmegroup.com Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Group Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
SP:SPXShort
by JimHuangChicago
CAUTION: NASDAQ-100 SLOWING DOWN MAY REVERT TO MEAN!NASDAQ-100 last trading week of 2023 saw the index slowing down, which may indicate the start of weakness in the index. The weakness may cause the index to revert to its mean. However, the index may also pick up its strength to create more highs. N.B! - NAS100USD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #NASDQ
OANDA:NAS100USD
by BullBearMkt
NAS100There isn't much I can say or do. This is a missed trade from my eyes, it followed what my alternate view from US30 showed. It just happened earlier. Right now any trades I can get from here will not be the most optimum RR but will still be worth the risk just probably not scalp traders. It is heading for 16600 * 3 touches up, 3 touches down. In the channel its been in * It broke the channel and retested * continued downwards * rejected 16865 (Showing the direct, downwards) * wait for opening to get last confluence before looking for sell entries TP1 = 16760 TP2 = 16680 TP3 = 16600
PEPPERSTONE:NAS100Short
by Mhangwane1
Nasdaq Intraday Review – Friday 29 Dec 2023I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis at +- 5:20am GMT Looking exclusively for a buy, as Nasdaq is bullish overall – “The trend is your friend” Even though we are at all-time highs, I keep my bias bullish. So had my buy position C. open from yesterday. Market moved up 380 pips from my position and I secured my trade once price was +-250 pips from my entry (this means I placed an actual stop loss at entry). As market moved down from 4. - I was out at entry. Bulls were unable to break the 1H double top (pink) neckline at 4. (yesterday there were 3 attempts) and today’s fourth and final failed attempt led to the bears stepping in resulting in a market drop. Although I wasn’t looking for a sell, the sell at E. makes sense because (confirmations for this sell): Market pattern: Double Top market in pink lines with a neckline tested 4 times Double top (marked in orange lines) formed just above the pivot point on the 1H TF. Market broke the neckline and re-tested the neckline (pivot point) at E. and on failing to break, bears dominated. Ascending wedge (marked by grey trend lines) formed on the D TF and broken bearish (at 2.&3.). Once officially broken, price usually moves the same distance as the height of the pattern. The market coming up to test the neckline of the 1H double top for the fourth time can also be seen as a retest of the ascending wedge. Falling wedge (marked with green lines) + head and shoulders (easily seen on the 4H line chart) - as the day progressed a strong head and shoulders formed on the 4H TF. The neckline was sloping down, which makes it a more bearish market pattern. Candle sticks: yesterday closed with a red D candle, warning of a possible retracement on a bigger timeframe. I entered a buy at D - confirmations: Market Pattern: This was the very limit, the tipping point, of a buy. If bulls were going to step in it would be to prevent the neckline of the 4H head and shoulders from breaking bearish. There was also going to be the re-test of the neckline of the orange Double top and I like being part of the re-test in the same direction as the overall trend, bullish in this case. S&R: 4H EMA providing some dynamic support Fib: This level represented yesterday’s 0.618 fib level – a strong fib level Candlesticks: A doji formed on the 1H TF This was a risky setup so I set a super tight mental stop loss, marked with the thick pink line. If candles broke this level Nasdaq would sell with momentum. Bears dominated and I took a 200 pip loss. I’m not sad about this, it was a calculated risk. Ultimately market dropped like a stone, crushing my hopes of a Santa Rally and taking out my other position that I tried to swing till 3 Jan 2024. I hope you caught the sell! It was a stunning ~2000 pip move and you would’ve ended the year with some nice profit. What could I have done differently: I’m happy with my risk management and how disciplined I was at securing my trades at entry. I would never have taken a sell because my bias was bullish, but we will see what happens in 2024! All the best for the new year! Hope all your (and my) trading dreams come true! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support and resistance EMA = exponential moving average
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review – Thursday 28 Dec 2023I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis at +- 5:20am GMT Looking exclusively for a buy, as Nasdaq is bullish overall – “The trend is your friend” Even though we are at all-time highs, I keep my bias bullish. At time of analysis, I noted the following: Early morning market had pushed up and by the time I was doing my analysis, price was consolidating in the blue circle. At 7am GMT, the 4H candle closed a red hanging man candle, warning of a potential bearish push. On the 1H TF, a double top market pattern started to develop. Neckline and potential move down (i.e. the same distance as the height of the pattern) if neckline was broken indicated with pink lines. My morning fib was drawn from swing low at D. to swing high at E. and retracement levels written in blue. I was cautious of a bearish pushdown and so entered half positions to see how price reacted. Also noted that fib levels were relatively close together meaning that potential draw down / loss would be manageable. Entered half a position buy at A. and then a few minutes later half a position at B. – Confirmations: S&R: 1H 20EMA dynamic support. On the 5min TF, a doji candle formed at this level indicating that perhaps the EMA would provide support. But 5min TF is not very strong and this was weak confirmation – hence half a position. Trendline: Market was near the bottom uptrend line of ascending wedge on the D TF. This trend line had been respected multiple times before. Fib: none (kinda close to 0.382 level so these positions represented my aggressive shallow retracement entries) Candle stick: there was a long wick green candlestick rejecting this level that formed on the 30min TF, that closed above the 1H neckline, indicating strength of buyers. Market pattern: Usually market moves the same distance down as the height of the double top. And I like being part of the re-test of the neckline that is in the same direction as the overall trend. Mental stop was placed below the 0.618 fib level where the 4H EMA would also have provided a bullish push up. If candles started closing past this point, then my buy would be invalidated. Ultimately, buyers were unable to break through the 1H double top neckline and bears stepped in to create a big retracement move. I entered a full buy position at C. – Confirmations: S&R: pivot point Trendline: Ascending wedge trendline had been broken bearish, so this could potentially be a breakout from the wedge and could lead to a massive bearish move. So extra risky here. But I had confidence that market would at least re-test this trendline. Fib: C. represented a level between the 0.50 and 0.618 fib level. This was my last position and I would not have entered again at the 0.618 level. I preferred to take a draw down if market continued to move down. What makes trading Nasdaq so hard is the extreme volatility and long candles spikes. We saw just yesterday how market only touched the pivot point and then flew up. Candle stick: Before I entered at C. there was a long wick candle that touched the pivot and closed above the 0.382 fib level, giving me confidence that buyers were rejecting this level. Market pattern: none So now I was in a risky position with 2 buy positions in a market that was temporarily bearish. I knew that I wanted to close my A. and B. positions as soon as market moved up so I set a take profit at entry for both. Going to sleep with 2 buy positions and a red day candle close was stressful. But luckily market has moved up the next day and my positions automatically closed at entry and now I am left with my C. position. In these types of situations you must control greed, because on the 1H TF where the red dots are marked, you can imagine that the 1H candle was fully green at a point in time (where it is now a spike) and you see the momentum with which the candle is moving, so thoughts come into your mind like “imagine market continues to move up and then I have 2 buys open – Cha CHING!!! Let me remove my automatic take profits”. But the bottom line is that it will take a big bullish push to break that neckline and market can easily turn down again (ascending wedge trendline was broken bearish after all). So one has to consider rationally how much risk you are willing to take and not act in greed. My C. position is now secured at entry and I’m hoping for a strong move up! Good luck if you are trading! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support and resistance EMA = exponential moving average
PEPPERSTONE:NAS100
by Jinxx84
End of impulse pattern? or trend extensionHello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market. Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision. To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand. I hope my analysis will be useful to you in your business journey, and I wish you the best. I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely,
OANDA:NAS100USDLong
by Mehdi_Abbasi_EWP
Nasdaq Intraday Review – Tuesday 26 Dec 2023I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Back from Holidays and time to TRADE! Did my analysis at +- 5:20am GMT Looking exclusively for a buy, as Nasdaq is bullish overall – “The trend is your friend” Even though we are at all-time highs, I keep my bias bullish. A true trend reversal will come with a double top market pattern on a high TF (i.e once a double top forms on the D TF, then I will consider a bearish bias). Plus we are at the bottom of an ascending triangle on the D TF marked with grey trend lines. At time of analysis, I noted the following: A doji candle on the D chart had formed from previous day. Gap up on the day chart at market open this morning – indicating bullish presence. A double top had previously formed on the 1H TF (yellow circle) and broken the neckline bearish. On the retest of the neckline (in the same direction as the overall trend i.e. bullish) the bulls broke the neckline as well as the pink temporary downtrend line + gap up. There was a retest of the pink downtrend line + neckline at A. with a red candle and bulls pushed back up. I entered a buy at B. because on my smaller TF’s it looked as if the candles had broken the strong resistance + temporary orange downtrend line. Turned out to be a glitch on TradingView (seemed the trendline was incorrectly positioned on the lower time frames even though correct on the bigger TFs?) and as you can see at B. the orange trend line was not broken. I was convinced that if the resistance + orange trendline the uptrend would continue. I also admit to being additionally biased due to the apparently impending “Santa Claud Rally” and a slight case of FOMO. Market however turned down. I recognized my weakness in entering this buy (emotional trading) and immediately set a take profit at entry so that if market moved up it would close this position. Even if market continued to move up and past this position, I didn’t deserve the profit from this buy because it was not executed professionally (in my opinion) and I don’t want profit from being lucky. I entered a more reasonable buy at C. – Confirmations: - Market Pattern: Double bottom formed on the 15min TF and entered at the break of the neckline at C. - S&R: Market was rejecting a D S&R line (marked in grey) + 1H EMA was acting as dynamic support - Candles and Fib: The red candle on the 1H TF before the C was a longwick candle rejecting the 0.618 fib level of a short-term Fib drawn on the 1H TF from swing low at D. to swing high B. Mental stop was placed at thick pink line, below 4H 0.618 retracement level, where trendline and 4H EMA converged. Meaning that if candles started closing below this point, then my buy would have been invalidated. I would also have added another position if the market went down this far. Endured a draw down of 315 pips, but ultimately bulls pushed up at market open and at time of writing this, market moved a max of 915 pips up from my position. Take profit plan: Want to test this “Santa Clause Rally” theory. It is define as a bullish rally in the last 5 trading days of the year and the first 2 trading days of the new year. So I will keep this position running and close +- 3 Jan 2024. I am secured at entry (actual stop loss placed at entry), so I am trading risk free and will see how far market will rally. What could I have done differently: No let emotions and FOMO come into my trading as evidenced in my first buy. I got lucky and the position was closed at entry as market moved up and my mistake did not lead to a loss. Good luck if you are still trading! :) TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support and resistance EMA = exponential moving average
PEPPERSTONE:NAS100
by Jinxx84
NASDAQ - New ATH? Bullish outlook is still in place for a while to come, and the instrument has an honest attempt of hitting new all-time highs. The model suggests that the highs at the end of 2021 are currently vulnerable to challenge with potential as previously indicated for a new ATH . The index has been bullish from the start of the year, but it actually kicked off in October 2022 with an influx and continuation of considered interests. Except for a notable downturn that lasted nearly the whole year of 2022, the Nasdaq has been rising steadily for all of time. Technical analyses maintain that prices are currently in a make-or-break situation due to the immediate challenge of the big decline in 2022, But that at these current levels, there should be sufficient drive to continue the ascent to new highs in form of a bullish stretch/ductility. As with any new ATH, some type of collapse will become unavoidable, driving prices down, back to current levels and inherently giving Sellers a last ditch opportunity to address difficulties. This assumes that the projected ATH is reached, at which point more data analysis will be carried out. If the scenario described above doesn't occur, a crash becomes possible with 15500 being the area of immediate interest. Having found this page valuable, then Like it, Follow and Leave a Comment to receive updates as they happen. Observe your DD, it's merely a vista!
OANDA:NAS100USDLong
by FroggyFX
NAS100 SMT UPDATESMy first idea is to short this, but I see the price has and have more momentum keep on reaccumulating everytime stops. So my speculation on this is reaccumulating again at 16460$ zone. Money got transfer at 16669, Im expecting price to 17100-17150$ per $Nasdaq. No room for Shorts, but be always careful stoploss is our friend here!. Trade at your own risk. Follow for more. Come and check me out for swing trades. Daily and Weekly updates. Quality ideas are here! Thank you for all the support 500+ followers. im expecting only 400 followers this year. THats why I keep posting some Good stuff. Im just a nomad traders that you dont know. Experience is my key to success on trading. I hope you do too.
FX:NAS100
by D1GITALTRADES
Five waves up, three corrective wavesHello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision. To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand. I hope that my analysis is useful to you in your business journey, and I wish you all the best. I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely
OANDA:NAS100USDLong
by Mehdi_Abbasi_EWP
2