Nasdaqforecast
NAS100When you understand the game, you don't panic.
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
We Must Expect a Bounce in NASDAQ !!!Technical Analytics:
- It's doing a wave ((1)) in black
- H1 and H4 right side is up
Technical Information:
- If you're a position trader, you must wait for all time high and only buy after when the correction ABC or WXY is complete
- For swing trader you need to wait for more data
US100 3June2023it could be that wave 5 is extending to the 1,618 level, this does not violate the elliot wave rule.
Many people misunderstand the Elliot wave rule, they think that wave 3 must be the longest, but in fact wave 3 is not the shortest. in this case wave 3 is longer than wave 1, but wave 5 is longer than wave 3. so, wave 3 is still not the shortest of the 3 impulse waves that occurred.
NASDAQ Next Possible Targets Nasdaq made double bottom which is very good pattern and we can see Nasdaq move bullish according to double bottom pattern.
Now Nasdaq trading on support level of 11760. Now we need to trade as per analysis. You will see clear rejection from support or may be it will not break 💔.
Nasdaq looking bullish I can see Nasdaq will give us very good move. So trade with risk management
NASDAQ possible short for 10860daily chart forming lower low and lower high. supply zone 11730 & 11840, stop loss: 11940, target: 10860. RR 1:7
NQ holds near-term bottom@11800;rally into FMOC bef a final dumpWith TSLA, AAPL & NVDA rallying on a risk-on Monday, NQ seems to be making positive divergences similar to June but this needs some follow-thru this week. It is holding 11800 with Friday”s hammer candle suggesting a shortterm low for the month. MACD also crossed into green territory. Another Diamond reversal pattern MAY be forming similar to June?
BULLISH SCENARIO: My Elliott wave count would suggest a June low is in with the ABC correction ended. BUT I may be wrong logically with a 75 to 100 basis-point rate hike coming in Sept even with the market already pricing in a 75 pt hike. BUT MARKET IS IRRATIONAL. NQ may rally into Sept FOMC rate hike near 13k & then make a final dump on last week of Sept from an overbought condition. (NQ has to go above 13740 to confirm a higher high) No one knows where the final bottom will be before a Santa Claus rally. Possible supports are ma50, 12200 to remain within the upchannel or perhaps a retest of 11800 with the HHHL remaining intact.
BEARISH CASE: NQ may rally into Sept FOMC but still comes back down to make a lower low than either
11800 or the June low. In this case, the positive divergence may extend up to an October rally. If 11800 or the June low of 11068 breaks, then the next stop will be the 10900 to 10500 yellow zone.
Not trading advice
NAAAASSStyyy👊👊👊Hello folks👊👊
It's been a while since my last post,
FOA the buy side liquidity got f*cked at around 13,560.
Price has reached that FVG then give us a big drop to 11,950.
We have the Daily OB at 12,900 - 13,000 level, and it might continue drop at these level👀.
I would say that currently it is a short term bullish here.
Currently tech sector might be a save heven for someone, But I'm more in to gardening my 🧅.
Even Buffet has sold his BYD stock...
Let the market speak for it self.
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
NAS100 NASDAQ
NAS100 USD OVERVIEW D TFbeak of structure appeared ?
This might be a good opportunity for Long position.
3000++ pips Gotta Catch 'Em All!
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
Nas100: Important levels to carefully watch and update!Hey traders,
Talking from my previous idea, I mentioned that Nas100 was really in a strong downtrend and the momentum made it challenging for the bulls to push price higher. With the Ukraine-Russia war which intensified we could only watch major U.S. stocks getting major blows in the past days. The market being driven by fear as investors continue to digest of what's to come, investors are finding refuge in safe haven assets and obviously withdrawing their funds to invest in assets they have certainty of producing value to their capitals.
If the tension between Russia and Ukraine continues to escalate, we can expect the worst in the stock market. We will carefully monitor talks and negotiations between these countries, any sign of improvement we might see the stock market turning to normality again which will in turn boost the Nasdaq100 index.
Nevertheless, I am carefully watching important levels where I think there would be major turning points for Nas100. Around 12900 and 12300 as marked on the chart. This is according to the technical aspect of the index. See the higher time-frame ascending channel that we been singing for months, from the time of the breakout Nas100 had been in a downward momentum to fulfill this channel. We been carefully watching for Nas100 to find footing on one of the lows. Whenever each low got violated, Nas100 continued to move down.
We should keep in mind that the index is more weighted on the fundamental and geopolitical events at this point in time. Whatever the market digest from this, we can expect the outcome. We do not want to rely only on technical analysis but also paying attention to the world events as well and assessing how investors are reacting to this.
Congratulations to everyone that took advantage of my previous idea and benefited from this. Make sure to follow for future update.
Previous Idea 💡
Outcome (+700 Pips move) ✅
Do not forget to like and comment if you have any suggestions or opinions on this idea. I will be happy to know your thoughts on this.
Nas100 continues to be vulnerable as Ukraine-Russia hook hornsTraders, congratulations to everyone that followed and took advantage of my previous analysis. You can check this out by following the links below.
PREVIOUS IDEA (+900 pips taken) 👇👇
U.S. stocks rose higher on Thursday during the New York Trading session as investors are finding refuge in large-cap tech.
Technically, The market is currently in a strong bearish momentum, we might still expect a move to the downside. Lower highs and lower lows still seems to be intact. Unless, otherwise the 14000 high and psychological level is breached to the top, and bulls defending the level that is when (probably) see a change in a trend. I will look for clear confirmation during the day especially during the New York session.
Investors are also monitoring the tension between Russia and Ukraine. As the tension continues to escalate, we need to carefully monitor how the market will digest to the geopolitical situation.
Traders, I will really be thankful and continue sharing ideas if you show your support by liking this idea. ❤️❤️❤️
Nas100 remains under pressure and downward move is more likelyNas100 remains under pressure and downward move is more likely to happen. Same applies to US 30 and S&P 500.
Looking at market structure with lower highs and lower lows getting printed we can expect bulls to still have a challenging moment. As I mentioned last time in my previous idea bears are still in domination and they eye the 13000 psychological level.
Only if 14000 should be breached above and bulls defend this level we can see price reaching to the nearest high of 14600. At this moment there's high possibility that bears will push price lower at least printing a new low.
We will wait for proper confirmation to confirm the direction of the market. My bias is still bearish at the moment.
Let me know in the comment section below if you have different idea on this.
Please show your support with likes. ❤️
NAS100: Do not miss this buy opportunity!Traders as I mentioned previously, if bulls break above 14840.00 we can expect more buying pressure. Getting a boost from the giant stocks now turning green, we can only be confident that the Nas100 whales are back and higher price will be driven.
I am very eager to see what will happen at the nearest high at 15250, a break above this level bulls will continue to dominate until 16000. I will probably take partial of my profit at 15250 and lock in some positions.
If you caught this trade from my previous idea then congratulations.
Do not hold back your appreciation by liking this idea.
Nas100: Important levels to watchTraders, looking at the current market structures, I have marketed important levels that I will be waiting for Nas100 to take direction. Currently Nas100 is trading at around 14700.00 indecisively, a successful break above 14840.00 will attract buyers and we can expect price to be pushed to 15250.00. However, if it breaks below 14400.00 successfully, we can only expect price retesting the 14000.00.
Please support this idea with likes. Please share your opinion in the comment section below.
Next move will be determined by how price react on this levelTraders, let's discuss a little bit of the technical aspect of Nas100.
First we see the support swap resistance zone that of course was a strong support in the past. This level kept price above it since December 3rd, 2021. We also see that the market bounced up on this level on 20 December 2021, a bounce up that created a cup shaped pattern and on 10th January 2022 we see a correction that created a handle and eventually price broke out to the downside.
The structure which is being created now can be a possibility of the same previous patterns we saw-Cup and and handle. Right now I do not want to make so much assumptions, since this structure is not yet completed. For it to be completed of course I want to see some sort of correction which may give me confidence to determine another long direction.
Congrats to everyone that followed my previous idea, we were able to reach our first target with 385 points (2.59%).
🔹Previous Idea:
🔹Outcome:
Again, each one use his/her own discernment as my ideas are not the final for one to invest based on them.
Feel free to share your thoughts and opinion in the comment section below. Let's all learn from each other.
Nas100 is on the edge of a cliffWith about - 14.18% Nas100 plunged from it's overall high of 16780.44 to 14400.00. The race that has been outstanding for the bears and that has put bulls endurance to the test. Now that it landed at 14400.00. What is the future of Nas100? Since this level is a historical support level where price bounced up strongly in October of 2021. Will we see a strong rejection and rebound from this level or will bears continue to oppress the poor bulls? Only time will tell.
At this point, the game is quite complex, trying to play this game would be riskier than anything else, for sure there are many instruments to look at, Gold, Silver, Pound, NZD and so forth.
At this point I am only interested in watching the bears and bulls in the ring and far I shall stand. Hahahahaha😂
Yes, until one is exhausted, I will determine the Victor. I will go with the flow, at the point when one has paved the way for me.
Point of interest:
▪️14400.00 is not only a historical support level, as I plotted the Fibonacci Retracement tool from point A (swing low) and point B (swing high), 61.80% significant level is on the same zone.
This is the only chance the bulls have; failure for them to hold price at that level, it could lead to yet another bloody week and bears will have no mercy (it comes once or twice in a year for the bears), definitely it would be an opportunity for them to flex their muscles. If the bears completely violate 14400.00, the only level bulls will show up is the 14000.00 psychological level or the 78.60% fib level at 13748.80.
In addition to that, the market is bearish as we see that the 200 moving average was already breached. Even the 50 and 100 moving averages are floating above the market.
Well, the rest is left for discussion and each one use his/her discretion.
What are your thoughts on this? Please do share with me in the comment session below.
Will Nas100 rise or fall from here?
If it does fall, what is the last level you looking at?
If 14400.00 holds, how are you planning to trade this?
Hey, do not forget to like this. I am watching you😂
Nas100:Completion of recent correction and we might see a bounceHello friends, we back again. My previous expectations on Nas100 didn't go as I expected, instead price continued to decline. I had to take a closer look at it once more and also going deeper into the history of the index.
Many times the index corrected itself deeply, that gave greater opportunity for investors and price rallied thereafter. Without surprise we saw the index bound up within a wedge formation from November 2021 and price had to swing up and down within the wedge.
So what I present here is merely an idea and this idea or perspective is mine alone. You making investment decision from this should spring from your own choices and decisions.
Looking back to recent history, we see that price corrected itself in January 2021 after a strong impulse (I), the correction wiped off at least 12.55% of the index gains.
In April 2021, we see another correction which wiped off 8.23% of the index gains.
In September 2021 the index corrected itself again wiping off 8.70% of it's gains.
Looking at the recent correction, we see that Nas100 dropped with at least - 10.28%.
Should we expect more decline?
Yes, No?
Please share with me your thoughts in the comment section below. Let's share ideas friends. Remember not to take mine as conclusion to invest.
I have a feeling, that we could see Nas100 bouncing up around 15000-15080 level and that this could be the last bottom for January 2022, seeing that it has nearly reached the 200MA.
If you like my thoughts here, please show your appreciation with likes.
Nas100: Buy the dipHey hey friends and family of Tradingview. Here we go again😁
From my previous analysis on Nas100 I said about it finding support around 15600 for the reason that it printed a pin-bar. I also stated that it would be very difficult for bears to run the race to the downside penetrating through and down the pin-bar. I understand that some are anticipating the move to the downside, and I know, I know, maybe they have some sell positions stack somewhere. Maybe not! Hahahaha, but for me I am still holding onto my bullish bias for various reasons. Please note that we cannot pin point every technical detail on the chart less you find my charts looking nasty and dirty. I am trying my best to pin point few technical details why I feel that Nas100 has found bottom and we could expect a bullish run:
To start, Nas100 is moving in a high timeframe ascending channel. The support of this channel was already reached, first it broke out of the support, it rose and again it came back to this support. Towards the market close on Friday we saw a bounce up from this support, yes again, for the second time. What do you think? Could this be a double bottom? If so then my hope of price reaching to 16400 or even 16500 is not something to doubt. But the question is, how are we going to reach 16400 when there is 16000 significant level ahead of us? If bulls successfully violate 16000 then it would be easy for them to take price higher, since 16000 will mark as a neckline of the double bottom. It is very possible that we could see price reaching 16000 very fast this week and for this reason: first take a look at the snapshot below on lower timeframe.
Inverse Head and Shoulders on Lower Timeframe:
What we see is a clear inverse head and shoulders pattern. I expect price to rise, since price closed above the neckline on Friday. If there is any retracement, I believe that is only to mitigate some positions for those still holding their positions below and we could see a strong impulse to the upside.
Pin-Bars around the demand zone (Daily Timeframe):
Have you any different thoughts and opinion? Feel free to share with me and everyone in the comment session below.
And hey, don't forget to be awesome. Please hit that like button so I know you appreciate my contribution to the Tradingview community.
Otherwise, have a great week ahead!
Nas100 could find support at 15600 and here is why!Nas100 might find strong support around 15600 and bounce up.
Hello traders, it shouldn't surprise us to see Nas100 falling with at least 1.7% during New York session today, as we know this is a volatile market. But here is my thought.
Last week we saw a strong move to the downside that eventually made a fake breakout through the diagonal support of the HTF ascending channel. Looking at a daily timeframe we could see buyers strength coming into play as they managed to push price up and a daily candle closed with a strong rejection, which printed a pin bar. Followed by a strong bullish candle on Tuesday, this was a strong sign that buyers could be present in the market. This is why I strongly believe that it would take a big battle for bears to successfully push price down below 15600 and this could be the level we can expect a strong impulse to the upside. As mentioned previously that bulls would be targeting 16400 level.
What are your thoughts? If you have any please be kind to share in the comment session below.
Nas100: investors reaction will confirm its directionNas100 direction is quite complicated at the moment. We can only wait to see how investors will react as price is currently on a very strong support level. Even though there's no much clue of it's direction, I have noted some technical signs which might send price up. The past week we saw very strong impulse to the downside, which eventually was supported by the 50 moving average and below it is the 100 moving average. Price bounced up very strongly from the 50 moving average where price rallied up strongly with almost 6%. This rally was strong that to me it shows a sign of bullish momentum.
Taking a closer look at the lower timeframe analysis, we do also see that it retraced down to a significant level which is not only offering as a solid support level but also a 38.2% fibonacci level. This level is known as an institutional level. We should not be surprised if we see a strong rejection on this level and price being pushed higher.
On the other hand, a complete violation of this level to the downside, the only levels we should carefully scrutinise Nas100 is on the 50% and 61.8% Fib Level.
I will only wait for good confirmation around this levels to give me good signs for buy opportunities with first target of 16400 and second target of 16757.
Traders, I strongly advice that you make your own analysis before making any investment decisions. What you do from my idea should be from your own discretion and responsibility should be taken by yourself for whatever result springs from your own action.
Otherwise if you find this helpful please do show your support with likes.
Wishing everyone success in trading.
SOLOMON NUMBER of US100 (NASDAQ)The Solomon Number of US100 is: 16390
Instructions:
A- Every DECREASE in price is an opportunity to BUY. The Target is Solomon Number 16390.
B- Once the Solomon Number is touched the analysis is no longer valid to enter OR take long again.
D- Apply proper risk management according to your balance.
1st short entry@ now
TP@ 16390