Nasdaqidea
Nasdaq Analysis 05.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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Nasdaq Analysis 17.11.2022Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on Nas100.
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow.
I will personally reply to every single comment.
Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
NASDAQ - Tech DEFLATION - dotcom crash repeat?NASDAQ - Tech DEFLATION - dotcom crash repeat?
Pretty self explanatory. Can we compare the two periods? Well so far we sure as shit can.
Note the touches below 30 on the RSI during that period. We have not had enough touches below 30 yet.
The fractal can be looked at in two ways as I see it. Both are on there. IMO blue is more likely as we have been going down for awhile and it would make a bit more sense time line wise. But who tf knows.
Its a good idea to have these maps imo to keep your senses about you. ie. to remind you how far this thing COULD drop. People around you will be calling bottoms all the way down, with each one falling like dominoes.
Remember the exuberance during the bull, how the top just keeps topping, well that's this, in reverse. Don't underestimate it either way, it always (almost always) goes harder (not bitcoin this last time) than you think.
Lets see how this shit show plays out.
gl
Nasdaq: Onion 🧅Like an onion, the Nasdaq-chart currently features multiple layers, and the index has processed them all. Hence, there is a 40% chance that it could directly continue the ascent it has already begun and climb above the resistance at 13740 points. However, we rather expect Nasdaq to drop below the support at 10890 points and thus to dive deeper into the blue zone between 11167 and 10043 points, where it should then finish wave (2) in yellow. Afterwards, the index should move upwards, crossing the resistance at 13740 points.
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Long NAS100There is a bullish divergence indication by Awesome oscillator and there are multiple rejection at a crucial support area from where the price has bounced before. So this clearly indicates end of the down trend. So you can go long on NAS100 and set target at the recent POI ( point of interest ).
Nasdaq: Banana LeafDid you know just how multifunctional banana leaves are? They can be used for cooking and packaging and to serve dishes, and can also be employed as roof or fence. Nasdaq is currently wrapped in a big green banana leaf between 11734 and 12343 points to finish wave 2 in green. Although this could have already been handled, we still give the index some time as long as it is making use of the green foliage. After wave 2 in green has finally been completed, though, Nasdaq should move upwards, climb above the resistance at 13740 points and head for the upper green zone between 15580 and 16444 points. However, a 45% chance remains that the index could drop below the support at 11479 points, thus triggering furthers downwards movement below the next mark at 11068 points.
NASDAQ NEUTRAL TO BULLISH OUTLOOKNASDAQ closed lower yesterday after negative free cashflow forecast from Micron Technology. But the tight labor market and upper pressure on wages have a big chance of further increasing the inflation. Investors are awaiting the Core CPI figures today, which, if above forecasted, as it often happens this year, will put the index into another bullish movement.
On the technical front, NASDAQ broke the resistance on the falling wedge pattern and the MACD histogram is above 0, indicating possible end of the downturn. On the other hand though, RSI still remains well below the neutral 50 line.
If the bullish pattern continues, the instrument might reach levels of 13 165, but on the other hand if it is a false breakthrough, it might test its previous low at 12 950.
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Nasdaq: Push-Ups 💪How many push-ups can you do? Nasdaq has accomplished several push-ups during the last weeks, and it should keep up this good work. We expect the tech-index to rise into the upper yellow zone between 14044 and 14798 points, where it should finish wave (3) in yellow. Afterwards, it should start a countermovement into the lower yellow zone between 13579 and 13058 points to complete wave (4) in yellow before resuming the overarching ascent. There is a chance, though, that Nasdaq could make a detour through the turquoise zone between 12934 and 12432 points first before heading for the upper yellow zone.
Nasdaq: Welcome Back!Just as we expected, Nasdaq has returned into the turquoise zone between 11527 and 10644 points. There, ideally in the zone's lower half, the index should finish wave C in turquoise and subsequently turn upwards. However, there is a 30% chance that Nasdaq could directly push the ascent above the resistance at 13583 points.
NAS 100 (NASDAQ) H4 chart. The overview marketNAS100 seem to be aiming to retest the breakout that took place at level 12327.7 on the 27 May 22. If you look, you will see that the market was moving on a channel for some time before a breakout and the price never had a retest after that and now we are seeing the market coming back to that level. If the price is to just do a retest, we will see the price pushing to the upside and if not the price will keep moving with the bearish move as we are all that the market is still bearish anyway.
NASDAQ : IXIC is in Downward channel trying to break Middle LineNASDAQ previously took string support from 50% retracement level on Fibonacci channel.
Now, NASDAQ has been trading from last months in this Downward Parallel Channel and testing the Middle trendline of Channel.
If it manages to break this line with good volumes and a decent candle, then strong upside is expected to 12500 levels.
Strong Buy Zone is from 11800-12000 which doesn't seem to get broken in Near term.
Nasdaq: Get Down to Business!Or rather get up to business as that’s the direction to go for Nasdaq. The tech-index should move above the resistance at 13583 points to complete wave i in magenta at about 1500 points before starting a countermovement downwards to finish wave ii in magenta. However, as long as Nasdaq has not made it above 13583 points, we still must allow for our alternative scenario, which would come into play if the index were to fall below the support at 11491 points.