Nasdaq thoughts 27-AUG-2024Hello all, Kindly see my NASDAQ thoughts for today. These videos are aimed at making you compare charts with mine if you are a price action trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Nasdaqanalysis
NASDAQ Loong!This index has been forming a falling flag pattern for the past few days, which IMO is a strong indicator for a bullish momentum. As for now, it seems to retest the upper trendline of the channel.
I do anticipate that it might cover the gap it created at 19690. My entry position is at 19150, TP at 19690 and SL at 18900
Nasdaq - (Bullish) Clarity in two days!TVC:NDQ is now retesting a very important inflection level and maybe attempting a breakout.
Parabolic rise or -20% correction over the next couple of months. So far there is a lot of uncertainty as to whether the Nasdaq will manage to break above the current resistance trendline. We simply have to wait for this monthly candle closure as well as the monthly candle closure of July until we can make a clear prediction. So far, everything is still possible!
Levels to watch: $20.000, $16.000
Keep your long term vision,
Philip - BasicTrading
NASDAQ - UniverseMetta - Analysis#NASDAQ - UniverseMetta - Analysis
On D1, the price can potentially form a 3-wave structure; with this implementation, it will be possible to see a global correction after a strong growth. Globally, the targets will be at levels 19350 - 18550
On H4, for confirmation, you can wait for the formation of a 3-wave structure with a retest of the trend line, and consider selling with little risk. Local levels 19594 - 19080. In this case, it is better not to take increased risks, since a potential correction of the asset is being traded.
Target 19443 - 19303 - 19080
NASDAQ - UniverseMetta - Analysis#NASDAQ - UniverseMetta - Analysis
On D1, the price after the correction may form a continuation of the upward movement with an update of the ATH. The correction was less than 40%, which may also, against a news background, allow the price to once again go down to the level of 19455.
On H4, for confirmation, you can wait for the formation of a 3-wave structure along the trend and consider buying. You should be careful if an ABC structure is formed, and the price can make a false breakout. In this case, it is better not to increase the risks.
Target 19894 - 20039 - 20387
NASDAQ ANALYSISChart : 1Hour
Overall Trend : Bullish
Current Market Structure : Uptrend
Scenario 1 :
Market continues to create new all time highs . Market is currently ranging will wait for a break above or below our consolidation area for use to see if we are due for a pull back or will price continue towards the upside . Creating new highs
Nasdaq - Soon heading to $30.000?Hello Traders and Investors, today I will take a look at the Nasdaq .
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Explanation of my video analysis:
For more than a decade, the Nasdaq index has been trading in a rising channel formation with the last retest of the support trendline being back in the end of 2022. At the moment, Nasdaq is retesting the upper resistance trendline and if we actually see a breakout over the next 2 months, we might see a similar rally of +50% compared to the one which we saw back in 2020.
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Keep your long term vision,
Philip (BasicTrading)
NASDAQ. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
NAS100 FORECASTThe current forecast for OANDA:NAS100USD indicates a likely bullish trend. As long as the 4h candle opens above 18550, the index is expected to trend upwards, initially reaching 18725 and then continuing to the strong bullish target of 18805. Conversely, if the 4h candle opens below 18550, the trend will likely shift downward, first reaching 18415 and then moving to the strong bearish support at 18330.
Key Levels:
Bullish Line: 18675, 18725, 18805
Pivot Line: 18550
Bearish Line: 18475, 18415, 18330
NASDAQ. Weekly trading levels 13 - 17.05.2024During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no arrows with direction), so zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
Don't forget to like Rocket and Subscribe!!! Comments are welcome. Feedback is very important to me!
All you should Know about Nasdaq (ICT)In fundamental analysis, we observe a market surge following a liquidity uptake beyond the all-time high, marking a new peak in NQ. However, inflation rates indicate that the Federal Reserve is hesitant to reduce interest rates. Even with a 5% interest rate, inflation is on the rise again. This suggests that the Fed may abandon the idea of lowering interest rates and maintain them at 5% until the year's end.
Nevertheless, last week witnessed positive outcomes from companies such as Tesla, Microsoft, and Google, which revitalized market sentiment and led to a resurgence. However, concerns linger regarding the possibility of the Fed raising interest rates by half point, which could pose challenges for the market.
In technical analysis, we observe the price targeting the sell side for Tuesday, February 30th, 2024, retracing to the gap on Monday, April 15th, 2024, above the equilibrium and within the premium, allowing new sellers to enter. The next target is the order block from Tuesday, January 16th, 2024.
Nasdaq Weekly Analysis Sure, here's the corrected text:
We see the price bouncing from Mon 10 OCT '22 after a year and a half of bearish market and going directly to retest the all-time high on Mon 22 Nov '21 again by MON 22 JAN '24. However, it starts to move towards a new all-time high, but with limited liquidity hindering further price increase. We've already witnessed a significant bullish move, and it's time for the market to correct itself. We've observed a weekly candle breaking the market structure forcefully towards the order block from Tue 02 Jan '24 and breaking the 50% retracement level from Mon 23 Oct '23 low to the all-time high. We anticipate the price to continue being bearish to shake out buyers and accumulate new liquidity if we aim to reach a new all-time high.
Our focal point in the NASDAQ for the 2Q is the breaker from Mon 24 Jul above the 50% Fibonacci level of the bullish leg and between 0.6/0.7 of the Fibonacci level to turn bullish. Breaking Mon 23 Oct '23 liquidity support would put us in a significantly bearish condition.