NAS100USD 2021 Jan 04 WeekOANDA:NAS100USD
Grey box showing market is in rotation.
Last bar closed in the top quarter of the bar.
Either remain in range or strength is likely to continue
until market shows us
further sign(s) of strength or weakness
Resistant1 = 12925.60 - 12932.6
Support1 = 112812.8 - 12827.6
Support2 = 12751.4 - 12773.6
Support3 = 12460.2 - 12461.8
Nasdaqanalysis
NAS100 Trading inside the boxIts been very quite due to the holidays so i been trading inside the box. Its amazing how easy and simple strategy made me 300 pips in a day while consolidating. These strategies and experience cannot be found free on yourtube. This is 8 years of real life experience, which i learnt the hard way, Now its time to pass this down to serious people who will end up becoming profitable, successful and them carry on passing this knowledge down
NASDAQ - Tracking Minor Waves - This Could Be A TopAlthough we haven't seen a break of the rising trend-line or wave iv we need to use a couple of other indicators here.
We have divergence on the MACD indicating wave v price action.
Price bounced after the dip and encountered resistance on the upper channel.
The recent move down appears to be a Type-2 leading pattern.
We will need to see more evidence before any further assumptions can be made.
A break of the wave iv support around 12212 should provide confirmation that a top is in place.
I will provide another update as soon as we see a few more waves occur.
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NASDAQ100: A 61-38% RETEST!So i made an analysis that went well which was a double with a bullish rise that lead to a breakout. a retest to 61% (12357) & 50% (12333) might just give us a 38% (12310) reach, a bounce of the 38% (12310) continues the bullish trend but if denied we might just be on our way down. but unfortunately the daily chart shows a bearish rejection so 🤞🏽on this week might just be bullish. if you loved my idea, leave a comment, like and be sure to follow for more 😗😙 cheers! ✌🏽🤑
Nasdaq Composite and EWT It's a daily chart of NASDAQ, and it has made an Elliott wave pattern. The 4th wave has been completed. And the fifth wave is remaining.
The fifth is in the making process. As per the rules of Elliott wave theory, the fifth wave will hit the 0.618 level, which I have found by using Fibonacci of 1+3. Hence, it will march for the following level 12700 - 12800 .
Nasdaq Composite may collapse (up to support trendline) for the following levels before turning up.
Downside levels: 11860 - 11600
NASDAQ buy > Going Up > Daily supportWatch strong price action at the current levels for BUY. GOOD LUCK!
NASDAQ on the 4 chart has broken above the daily support
Nasdaq100- Towards a new all time highSince 10.600 Low in September, Nas100 had a good run with a gain of almost 20%.
The rise is constructive and looks reliable and, with the price just under resistance, I expect a break and continuation.
12k is now support and dips towards this zone should be bought.
13k seems a logical target for the technology index
NASDAQ - Tracking Minor Waves - The End Is Near.Not much has happened since the last update but here goes anyway. (See related ideas below)
Really not much else to say on this one apart from what's in the video.
It's the calm before the storm.
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NAS100 AnalysisNAS100 Analysis
Will we break 12110 today to bring the bulls right back in?. or break through 11901for a bearish momentum. If we do break 12110 then next target will be 12259, as for the bears 11900-11653. It may come down to find support before going back up. You must understand how to use support and resistance to be able to profit from these analysis. These are key major S/R but there are other minor support and resistance that are not drawn on the chart that you must be able to identify and draw yourself. I dont draw all the minors so people dont get confused with alot of lines.
Nasdaq- Sell on confirmationAfter 1000 points drop from 12.500 top to 11.500, Nasdaq recovered some of the sosses and is trading at the time of writing above 12k figure (12040)
I expect a new leg down from the technology index and a new drop to at least 11500
A drop under 11900-12k zone would confirm this outlook and a rise above 12250 would negate it
NASDAQ - Tracking The Top Of This Market In Great Detail.In this video I discuss exactly what we are going to see as we complete the last few waves of this final wave v.
To understand the bigger picture I will link a few previous related ideas down below for your enjoyment.
Wave v is a stretched out Zig Zag and I take great pleasure in explaining every wave in detail.
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