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Nasdaq Intraday Review - Monday 18 Nov 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - None News - None Directional bias - BUY. On the W TF, it can be seen that price finally broke through a resistance level that held strong for 6 weeks (marked by numbers). After price broke through, it is now retesting this level to see if resistance is now turned to support. This zone also represents the W and D 0.618 fib level (drawn from swing low at C. to swing high at D.) Because the Day and the Week fib levels are the same, we have a kind of TF confluence, which makes this level very strong. As the overall trend of Nasdaq is bullish, I choose to see last week as a massive retracement but not an overall trend change for Nas. Morning analysis: At this level (the W level highlighted in yellow), price is seen to start reacting to this level. There are DB forming on the 15min TF and the 30min TF. This gives me confidence that buyers are stepping in at this zone. Also, on the 4H TF we have not seen price retesting any of the higher level TF's, so a bullish move is expected to at least retest this bearish move. As the day progressed: Entered a buy at the hand icon (A.) - Confirmations: 1. Market pattern - DB formed on the 15min TF after touching the W+D 0.618 fib level. 2. S&R - DB formed right at the strong Weekly S&R level marked in yellow on the W view 3. Trend - price has finally started making higher highs and higher lows (indicating that price is ready to start moving up) and a buy is in the overall direction of Nasdaq - the trend is your friend 4. Fib - W+D 0.618 fib level touched + DB formed at 1H 0.618 fib level Mental SL placed below green highlight. Price moved up 1'200 pips and I secured my position at entry. I wanted to hold for a larger move because ultimately a DB formed on the 1H TF and the neckline was broken with a huge momentum candle. But price came back down and took me out. I re-entered at the hand icon B. for a more swing trade kind of entry, because we have a DB on the 1H and the 4H TF. Mental stop placed at the thick pink line, which is about half the height of the DB. But it's a risky entry because the stop is soooo far below where price currently is. So a SL hit woud mean a big loss. Hope you had a good trading day! :) Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
What's Happening With Nasdaq100So as y'all know nasdaq had a big correction this year and in the same year a new ath (all time high). However, her structures are very chaotic hence the back n' forth compared to previous years. She’s struggling at the 11th if july previous resistance and if broken then we up if not, the fall to balance things might just be a possibility. There's a trendline channel she's still in and it has been tested a lot. A 20800-850 break is all we need. new maintained support at: 20316. What's your take?
OANDA:NAS100USD
by lazyluchi
HARROW 16% INTRADAY DROP CAUGHT!Technical Analysis: HARROW (15-Minute Timeframe) This chart demonstrates a highly profitable short trade executed with precision using the Risological Indicator. A stellar 16% profit was captured in this intraday trade, showcasing the power of momentum trading. Trade Details Stock: HARROW Timeframe : 15-Minute Entry Price : $52 Exit Price : $43 Profit : $9 per share (16% intraday return) Key Technical Observations Perfect Entry Point: The entry at $52 aligns with the beginning of a sharp bearish breakout, as identified by the Risological Indicator. The indicator’s red resistance bands provided clear confirmation of a strong downward trend. Momentum Confirmation: A steep decline immediately followed the entry, with heavy bearish candles confirming the strength of sellers in the market. The gap and acceleration downwards signify a likely reaction to negative news or market-wide pressure. Dynamic Resistance: The price consistently respected the downward-sloping resistance bands, highlighting the dominance of sellers and a clear absence of bullish recovery attempts. Exit at $43: The exit near the $43 level demonstrates disciplined profit-taking, as the stock begins to consolidate and show signs of slowing bearish momentum. Analysis of Results This short trade captured the entirety of a massive 16% intraday move, leveraging the indicator’s precise trend-following signals. The sharp entry and timely exit reflect the strength of the Risological Indicator in identifying and capitalizing on market momentum. Key Takeaways Trend Confirmation is Critical: The trade capitalized on the established bearish trend, ensuring high probability of success. Indicator Precision: The Risological Indicator’s dynamic resistance bands provided clear visual cues for both entry and exit, removing guesswork. Risk Management: By exiting as momentum slowed, the trader avoided potential losses from a reversal or consolidation phase. This trade underscores the importance of using robust tools like the Risological Indicator to stay ahead in volatile markets, transforming short-term opportunities into substantial profits.
NASDAQ:HROWShort
by ProfitsNinja
Nasdaq Intraday Review - Tuesday 12 Nov 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - None, CPI on Wednesday News - None Directional bias - I stick with a BUY as I view the red candles on the bigger TF as a retracement rather than a change of market sentiment. I would need a bit more price action evidence to be convinced that we are in a bear market....up until then, I continue to look for buys in what I see as a bull market. Morning analysis: M TF - very bullish, candle is 11'000 pips strong at time of writing (Tuesday morning). Still 17 days to go until candle close but definitely indicative of strong bull sentiment overall W TF - week candle has turned red (at time of writing on Tuesday morning), indicating that price is in an area where bears have stepped into play. Need to be careful and need good confirmation for entering a buy, as bears may still push for a further retracement. Time to whip out sell fibs on the smaller time frames and start analysing those too to understand if price is respecting these sell levels and sell TP points. This does not mean I waiver from my directional bias as a buy, but it helps me set buy TP's (possibly at strong sell fib levels) and understand bearish price action. D TF - D TF shows price stalling at this zone. We have a doji candle from Friday and a red (colour change) candle from Monday. If bears do push for a lager TF retracement, then it can be expected that price will move down significantly, as the D and W 0.382 fib level is 3'800 pips down. 4H TF - price seems be to struggling to break the 0.50 sell fib level (4H candles are failing to close above this level at C, D, E and F on the chart). Long wick candles are forming with wicks sticking out the top, indicating that bulls are trying to push higher but bears are successfully pushing back down at the 0.50 SELL fib level and the 0.618 SELL fib level. Looking at the line chart, a head and shoulders pattern is forming, with a neckline slanted upwards (indicated in blue lines). If bears break this neckline downwards, the price could move down and test the 4H EMA. The blue vertical line represents the distance that price would most probably move down if the neckline is broken (price usually moves the same distance as the height of the market pattern). Buy fib in the morning was drawn from swing low at A. to swing high at B. 1H - Monday and Tuesday's pivot points are close to each other. This indicates that price is in a strong area of S&R. It remains to be seen if this zone will act as a support for a push up, or resistance for a push down. As the morning progressed, a falling wedge started forming on the 1H TF, as marked by the torquoise lines. Falling wedge pattern usually breaks upward, but can break in either direction. Due to strong bearish presence, I decided to only enter if the 1H TF gave a signal. 1H TF is pretty strong on Nasdaq and I would manage my risk this way. Entered a buy at the hand icon - Confirmations: 1. Trend - a buy is in the same direction as the overall trend. I prefer trading with the trend as “the trend is your friend”. 2. S&R - price broke the pivot point + EMA with a good momentum candle. 3. Market pattern - a falling wedge pattern had formed which broke upwards. The temporary downtrend line (the top line of the falling wedge was broken) indicating that the temp downtrend was over. 4. Fib - price was respecting the 4H BUY 0.382 fib level (written in purple) and price finally broke the 0.50 SELL fib level For me all of this was strong confirmation that buyers had stepped in and that price was ready to move up. Mental SL placed below the lowest candle wick below the falling wedge, as indicated by the pink line. Unfortunately for me, price moved straight back down and I closed in my stop loss area when candles started closing below my pink line. Took a loss of 568 pips. Not too bad pip wise, but because I felt the confirmations were solid, I entered with a full position size. After that I was out for the day, as I "felt" (intuition that comes with LOTS of screen time) Nas wasn't moving as it normally does. What could I have done differently? Some part of me puts this loss to variance i.e. sometimes price will do what it wants and move against you no matter how good confirmations were. But another part of me recognises that the green candle I entered on (at the hand icon), closed at exactly the same price point as the green candle under B. From B. you can see that price moved down significantly from this point. So I basically entered a buy at resistance. I should have waited for the next 5min or 15min candle close to be sure that the resistance would not push price back down again (which is exactly what happened). I won't be trading CPI, I feel that in high impact news, I am not able to stack the odds in my favour. So hope you did better than me, good luck with CPI and catch you tomorrow! :) P.S. #NasdaqNerd - don't you think its so cool how price really did move down to the profit target (end of blue vertical line)! It happens so regularly that price respects market pattern profit targets so perfectly :) Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Short: Weak Tech & Key Data AheadTaking advantage of the current bearish momentum in the Nasdaq with a daily short setup. Recent price action reveals a double-top pattern and a significant trendline break, suggesting potential downside. As we approach critical economic data releases, volatility is expected, which could fuel further bearish movement. Technical Analysis • Pattern: Double-top formation, a bearish reversal signal, confirmed with a break below the neckline. • Trendline: The long-standing upward trend has been broken, validating the bearish scenario. • Key Resistance: $20,200 area is acting as a strong resistance zone. • Support Levels: Initial support around $18,800 with further downside potential if broken. Fundamentals: The short position on Nasdaq is driven by the weak tech performance, with giants like MSFT (-6.05%) and META (-4.09%) showing declines. Rising bond yields have intensified pressure on tech stocks, indicating potential shifts in investor sentiment. Additionally, tomorrow’s key data—Non-Farm Payrolls (forecast: 113K vs. prior 254K), Unemployment Rate (expected steady at 4.1%), and ISM Manufacturing PMI (forecast: 47.6)—could further impact market outlook, with any surprises likely to influence Fed expectations and Nasdaq sentiment. Risk Management • Entry: Near current levels, aiming for downside momentum. • Stop Loss: Above recent highs to protect against false breakouts. • Target: Initial target at $18,800, with potential to extend if bearish momentum persists. Risk Note: Given the volatility associated with these macroeconomic events, there is potential for increased fluctuations. Managing risk through stop-losses and close monitoring of data releases is essential. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:US100Short
by AR33_
NAS100 - UPDATE FOR MARKET OPEN SOON IN 2 HOURSTeam, please refer to the shorting price range, stop loss and target We are preparing for the NAS100 in 2-3 hours. We are planning to short at 20428-35 - with STOP LOSS at 20485 (from previous 20460) Target 1 at 20383-76 Target 2 at 20334-26 Target 3 at 20257-45 PLEASE NOTE: We prefer to short the position. Long can be a little risky. Please be patience for the price movement. Once it hit our first target, please take some partials and trail stop loss to BE.
PEPPERSTONE:NAS100Short
by ActiveTraderRoom
1
NAS100 I Forecast and Technical Analysis Welcome back! Let me know your thoughts in the comments! ** NAS100 Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
NLong
by BKTradingAcademy
6
MARA Holdings Surges: All Profit Targets Hit in 15min Long TradeTechnical Analysis: Mara Holdings – 15-Minute Timeframe (Long Trade) Mara Holdings displayed a strong bullish move, hitting all profit targets following a long entry at 15.77. The trade has now concluded successfully, with all targets achieved. Key Levels Entry: 15.77 – Long position initiated after identifying bullish momentum. Stop-Loss (SL): 15.41 – Positioned to manage risk in case of a reversal. Take Profit 1 (TP1): 16.20 – Initial target achieved early in the trade, confirming the upward trend. Take Profit 2 (TP2): 16.91 – Continued buying pressure led to this level being reached. Take Profit 3 (TP3): 17.62 – Bullish momentum carried the price to this level. Take Profit 4 (TP4): 18.05 – Final target successfully hit, completing the trade. Trend Analysis The price remained above the Risological Dotted trendline, confirming a sustained uptrend throughout the trade. Mara Holdings showed strong buying interest, driving the price through all profit targets. The long trade on Mara Holdings was highly successful, hitting all targets, with the final target of 18.05 marking a profitable conclusion. This showcases the precision of identifying and capitalizing on upward trends.
NASDAQ:MARALong
by ProfitsNinja
NASDAQ 100 Drops! Short Trade Confirmed, Eyeing First TargetThe NASDAQ 100 has confirmed a short trade with a strong bearish move below the entry at 20263.46. The price is progressing towards the first profit target (TP1), though it has not yet been reached. Key Levels Entry: 20263.46 – The short position was confirmed as the price broke below this level, signaling bearish momentum. Stop-Loss (SL): 20378.68 – Placed above the recent resistance to protect against potential upside reversals. Take Profit 1 (TP1): 20121.04 – The first target, not yet reached, but in close proximity as the downward trend continues. Take Profit 2 (TP2): 19890.59 – The next target in case of continued bearish pressure. Take Profit 3 (TP3): 19660.15 – A further downside target, aligning with the next support zone. Take Profit 4 (TP4): 19517.73 – The ultimate profit target, marking a significant decline. Trend Analysis The price has broken below the Risological Dotted trendline, confirming strong bearish sentiment. The market is likely to move toward TP1 if the selling pressure continues. The downward momentum suggests further potential to reach deeper profit targets. The NASDAQ 100 short trade is progressing well after confirmation, with TP1 at 20121.04 in sight. If the bearish trend holds, further downside targets are expected to be reached.
NASDAQ:NDXShort
by ProfitsNinja
NAS100 - We would prefer to doOK team, time to focus, NAS we still have more than an hours, so I just prepare what we will do. I would like to see the market pull back then heading further north. With the current level, we could trade on break out, but we rather wait for real market open, it give you more clear direction what we should do. all the pricing are in details. ENTRY long at 19778-19764 - will confirm. target 1 at 19828 target 2 at 19863 target at 19903 Please advise once it hit first target, take partial and bring stop loss to BE.
PEPPERSTONE:NAS100Long
by ActiveTraderRoom