Nasdaq time to consolidate the price Nasdaq 100
Scenario a) Considering the macro trend with a minimum point of 6.6k (COVID crisis March 2020).
The descent continues to the support of 12k and the price at that point exactly at the 50% Fibonacci extension resumes its altitude towards the high of 17k / 20k / 25k
Nasdaqidea
Nasdaq: Snake Moves 🐍After it has risen from the upper edge of the orange zone between 12722 and 13948 points, Nasdaq is currently snaking along below the resistance line at 15152 points. However, it should soon surmount this mark and thus gain power for a continued upwards movement, which should lead the tech-index above 16569 points.
Still, as long as Nasdaq keeps up its snake moves and has not safely made it above 15152 points, there remains a 38% chance that the index could tumble below the support at 13706 points. In this case, it should fall a bit deeper into the lower half of the orange zone before rising up again. If the index drops even below 12207 points, there is a 20% chance for further downward movement.
Nasdaq: Tap Dance Interlude 👞 👞 Nasdaq has been tap-dancing along the upper edge of the orange zone between 13948 and 12722 points and has just finished this interlude with two hops up in the direction of the resistance line at 15152 points. As long as it has not jumped above this line, though, we expect the tech-index to return into the orange zone to complete wave C in green – ideally just short of 13182 points. Afterward, the index-dance should lead to 15152 points and, if it can keep this trend up, further up to 16569 points.
However, if Nasdaq has gained too much drive already, there is a 25% chance that it could rise earlier without returning into the orange zone. In this case, it should also ascend to 15152 points and continue above 16569 points.
On the other hand, if Nasdaq has worn itself out with its dance moves, there is another quite different 25% chance that it could fall through the orange zone below 12207 points. In the green zone between 12998 and 10667 points at the latest, it should conclude the corrective movement.
Nasdaq 100: Investors buying the dipAfter the biggest correction since March 2020, investors are buying the dip on the main indices. Nasdaq 100 is the best US index in terms of long-term performance and drawdown. We are in oversold territory in all the main indicators such as the RSI, MACD... We are not safe yet, and a bigger correction may occur. If we lose the support line of this week (13700), we will see another -15%. Care with volume during uncertain times with the Russian-Ukraine crisis and the upcoming interest rates hikes.
Nasdaq100 and my 3 bearish scenariosOf course, there is also the bullish, new ATH scenario, but this, in my opinion, is the less probable of them all.
So, after breaking under 15500 support, Nas100 fell strongly and reached my target at 14k (I went lower, but who counts). Now the index is in consolidation and loss digesting.
I consider 3 scenarios for down continuation:
1. Nasdaq will drop directly, without a retesting of FED day's high, and a break under 13500 low should accelerate losses towards the next important support at 12.5k
2. We will have a retest of the 14500 zone followed by the same drop to 12.5k
3. And this is less probable considering the selling pressure, Nasdaq will rise and test the broken support, now resistance, at 15500, of course, followed by the drop to 12500.
In conclusion, in my opinion, Nas100 will continue to the downside towards 12500
Best of luck!
Mihai Iacob
QQQ / Nasdaq / NQ - Interesting Perspective w/ Parallel ChannelsHere is an interesting perspective - if you're familiar with pitchforks and parallel channels and how to appropriately use them, here I'm using the similar knowledge of that mixed with parallel channels to create this. Pay close attention to the circles and how many times it entered that channel and broke out.
A trading channel is drawn using parallel lines that follow the price floor (support) and price ceiling (resistance). With a trading channel, smart traders sell stocks at the upper resistance line, hold stocks within the parallel trend lines, and buy stocks at the lower support lines.
NASDAQ:NDAQ NASDAQ:QQQ
Nasdaq: Bravo! 👏 Give it up for Nasdaq! So far, he has been very well-behaved and has hewn to our forecast. He has let go and fell into the soft green meadow between 15295 and 14841 points. Among this lush pasture, it should finish wave 4 in lime-green and make use of the renewed updraft. We expect the index to turn around before touching the bottom of the green area and to float up to the resistance at 16768 points, from where even higher goals will become more and more possible.
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.
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Otherwise, have a great week ahead!
It will continue to plummet until december the 13.One idea: trade the trend.
4 indicators: net volume + (SAR and/or Squeeze Momentum and/or MACD).
All are saying the same thing: it's the beginning of a correction.
Reliable since the beginning of this channel.
Enough reliable to put 2x or 3x leverage.
Choose months ago (I was waiting for the right time).
Target: the support round december the 13.
Look at my past ideas on the nasdaq, all of those ideas were correct. ;)
Hope it will go on!
Nas100 will continue to rise after a retest of the necklineFriends, if you are enjoying my ideas please show your support with likes and do not forget to follow so you stay updated with new ideas.
Congratulations to everyone that followed the previous predictions and followed Nas100 from the bottom. As stated in my previous analyses, Nas100 formed a double bottom which the Neckline got violated to the top. We can expect price to retrace a bit down to retest the neckline before continuing higher. I expect price to react at the previous high before extending towards 17000.00.
Do also make sure to check out some of my previous ideas by following the links below.
Enjoy
Do not miss this Nas100 buy opportunity Congratulations to everyone that followed my previous sell idea. We saw a very strong drop on Nas100 the past 2 days, dropping with at least 3.80%. Looking at the technically aspect and market structure, we see that Nas100 has printed highs and lows which these Structures still holds. I expect bulls to push price above the November 2021 high and there I expect price to find support. A rise above 16400.00 will attract more buyers and price will be send higher targeting 17000 as the new high. Bears will have a struggle to fully violate the November 2021 high and the low.
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After consolidation, Nas100 will be ready to rise for 4000 pointAfter consolidation, Nas100 will be ready to rise for 4000 points.
🔍 Technical expectations:
🔹Further consolidation have to be expected around the local resistance.
🔹A break above the local resistance will send price higher and bears will likely have less control of the market.
🔹I see nothing that can hold the giant index back to reaching for new highs. It has always been on the rise and this is just a fresh new beginning for Nas100 to climb high seeing that it recently bounced up from the high timeframe support.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below 👍
Many wishes and trade smart!
NASDAQ WAIT FOR THE DIP NO IM NOT CRAZY
Hello Traders & Investors, here is my analysis for the NASDAQ , let me know in the comment section below if you have any questions
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- NASDAQ - Correction after Impulse hello guys , as per my previous analysis the market had break the bullish structure , and we achieved the target(you can follow & see my previous analysis) now after this great impulse I am looking for correction. I have marked the area from there I'm looking for good opportunity to go forward.
Thank You ,
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NAS100USDThe NASDAQ 100 Index printed a firm bullish candlestick which ended the week just a fraction below its record high price. Since the coronavirus crash of 2020, this major U.S. equity index has more than doubled in value, which is an excellent return over barely seventeen months. The NASDAQ 100 Index remains a buy.