Nasdaq crash by🗻Double Top Pattern🗻Nasdaq is moving near the 🔴 resistance zone(15,385-$15,160) 🔴, and the formation of an Exhaustion gap can be a 💡 Sign 💡 of the end of the upward trend of the Nasdaq these few weeks.
Also, due to the Regular Divergence(RD-) between two consecutive peaks, the possibility of forming a 🗻 Double Top pattern 🗻 is very high.
🔔I expect the Nasdaq to fall to at least the 🟢 support zone($ 14,060-$ 13,610) 🟢 after breaking the uptrend line and neckline .
Nasdaq 100 Index Analyze (NDXUSD), 4-hour time frame⏰.
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Nasdaq100
NAS100Not what we expected but it's good that it happened. We moved SL into profits before SL hit, so we were out before anything.
Remember that you are a manager and not just a gambler, so follow your plan. Plan your trades, and trade the plan.
There is still opportunity to re-enter but the day's goal has been reached so we close tabs and we'll be back tomorrow in the morning again.
NASDAQ Elliott Wave Analysis for Monday 10/07/2023Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. In the 1 hour, the upward structure looks incomplete and we see an entry for a long trade today.
NASDAQ Elliott Wave Analysis Higher Timeframe (07/07/2023)The NASDAQ looks bullish and might be preparing for a Wave III to the upside. However, the minimum requirements for a Wave II to the downside were not fulfilled. As long as we do not take out the Wave I high, it could be that we still make a new low as a Wave II.
Nasdaq -> Plain And SimpleHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nas100 💪
After the Nasdaq perfectly retested the monthly 0.618 fibonacci retracement level and also broke above a clear bearish trendline, we had a solid rally of roughly 20%.
Weekly market structure on Nas100 is pretty clear with the Nasdaq retesting previous weekly resistance which is now acting as resistance once again and with the Nasdaq being overextended there is a higher chance that we will see a short term correction.
The Nasdaq is also currently once again retesting daily resistance from which we already broke structure towards the downside so I simply do expect another bearish wave from here.
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:
buy setup for nas100we only searching for buy opportunities after the CHOCH
we have BOS
the price now is trading above the resistance level now turned into support
and maybe the price backtest it or maybe not
so we expect more continuation to the upside
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don't forget your risk management
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NASDAQ Elliott Wave Analysis for Thursday 06/07/2023Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. We had another successful trade yesterday. Now we have to wait for more data.
NASDAQ Elliott Wave Analysis for Wednesday 05/07/2023Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete so we expect a bit more upside.
NASDAQ Elliott Wave Analysis for Tuesday 04/07/2023Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete so we expect a bit more upside.
NQ1! NAS100USD NASDAQ 2023 JULY 04CME_MINI:NQ1! NQ1! NAS100USD NASDAQ 2023 JULY 04
On the daily chart, we see potential trend changing weakness lining up.
Market tested previous high, and stalling around the 14520 level.
Possible Scenarios:
1) Market continues to be marked up on low volume narrow spread up bars = long on retracement
2) Short on test and rejection of recent high / lower high
3) if market forms lower highs, prepare for short
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 15440 14850
14089 13350
*Longer term: 13350 needs to be supported for long trend to be intact.
Price/Volume/Trend Analysis:
Weekly: NTC ave vol up bar close toward high | Up trend
Daily: UT + Lower vol ND up bar = PTC weaknesses lining up.
*NTC = Non-Trend Changing | PTC: Potential Trend Changing
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Have a profitable trading week.
*For education purpose only.
NASDAQ Elliott Wave Analysis for Monday 03/07/2023Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete so we expect a bit more upside.
NASDAQ Elliott Wave Analysis Higher Timeframe (01/07/2023)The NASDAQ looks bullish and might be preparing for a Wave III to the upside. However, the minimum requirements for a Wave II to the downside were not fulfilled. As long as we do not take out the Wave I high, it could be that we still make a new low as a Wave II.
NASDAQ Elliott Wave Analysis for Friday 30/06/2023Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete and we can go long once the pullback is completed.