Nasdaqidea
Mirror strategy in a Ranging MarketNAS100USD has been Ranging between 15538 and 14556 since 18 Aug 2023. Here is our trading plan.
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Possible Path 1: To Upside
A Higher Low forms above the bottom of the Demand Zone (14826) ,
then attach the Supply Zone and Trend Line again.
Idea:
1. Long Entry when a Low formed above 14826.
2. Target to 15352 (Bottom of the Supply Zone).
3. Stop Loss below the Demand.
Risk and Reward 1:3 to 1:4
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Possible Path 2: To Downside
Straightly break the bottom of the Demand Zone (14826), then formed a Lower Low below the Demand Zone.
Idea:
1. Short Entry when a Lower Low formed below 14826.
2. Target to 14557 (Day Low on 18 Aug).
3. Stop Loss above the Demand.
Risk and Reward 1:3 to 1:4
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.🧅
NASDAQ on the riseOk so we have a lovely completed bat on the NASDAQ, personally, I like TP1, TP2 I will be bringing up my SL after Tp1 hits.
Have a look into correlation, it's very important. You see I'm waiting to add further sells to my gold trade, and seeing the Nasdaq going up makes me happy.
Published 22 Sept 2023 09.15am UTC+1
Nasdaq Push before fall? Just looking at Price ActionBased on a higher timeframe I speculate that Nasdaq could push up higher towards 15360.5 as this price range falls into equilibrium based on the High to the Low left on the 4hr timeframe from last weeks price action.
I can also clearly see that price swept previous lows on a 1hr & 4hr timeframes.
with this information I jumped to a 5 minute timeframe, and can clearly see Friday of last week price left a beautiful displacement high, and a Fair Value Gap where Sunday price went to trade down towards 15203.4 testing the FVG once more.. giving me confirmation of price wanting to push higher.
So my full idea is that ill wait for price to go towards 15360.5 area to look for a short position.
Remember this is all just my personal conclusion..
Overall Market Analysis Tickers: SPX, NAS100, SPY, QQQAs we step into the second week of September, we've observed a promising start with some key indices showing positive momentum.
NAS100 & QQQ Analysis:
- The tech-centric NAS100 and QQQ began the week on a brighter note, showing green after a bearish week.
- Tomorrow's Key Levels for NAS100: Watch for a potential break above the 15,500 level. A decisive move above this can pave the way for a rally towards 15,750. On the downside, failure to maintain above 15,500 might trigger a pullback.
- Tomorrow's Key Levels for QQQ: It's crucial for the price to find solid footing at the 375 mark. This level should act as robust support.
SPX & SPY Analysis:
- Key Levels for SPX: We're keenly watching the 4500 resistance level. A break and hold above this could signal further upside. However, the 4475 price point is expected to offer support should the momentum wane.
- Key Levels for SPY: Bulls would want to see a break above the 450 level, while 445 stands out as the immediate support.
Stay tuned for further updates and adjust your trading strategies accordingly. Always remember to manage your risks and trade safely!
NAS100 Anticipating a Reversal from Resistance ZoneHello traders, this is my view on NAS100.
NAS100 is likely to reverse from the resistance zone. I believe it will fall after taking out BSL (buy-side liquidity). The reason for this idea is that NAS100 has perfectly created an inducement at 15,930.90, near the weekly timeframe CoG (Center of Gravity) at 16,099, and then it fell. Now, it has returned again to create a buy trap for retail traders. I think it will fall strongly after hitting BSL, which is at 15,796 on the 1D timeframe and 15,926 on the weekly timeframe. I'm looking to short it from the range of 15,800 to 15,940.
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NASDAQ Forming Head and Shoulders ReversalNASDAQ Daily
*Note: This is an update to our previous analysis that will be linked below
Price Chart
The NDX is currently trading within an upward channel (Yellow Solids), and has recently tested the bottom trend line a fourth time; the more price retests it the weaker it becomes. This has also formed what could be the neckline (Teal / Red Solid) to a head and shoulders setup and has pushed the price past the mid-point (Teal Dotted) of the double top; which would also be the head. EMA's on the other hand have failed to cross lower with the 12-day and 26-day recrossing higher. Also notable is the spike in selling pressure on July 21; which is the same area the NDX is currently trading.
Relative Strength Indicator
There is a divergence (Teal Solid) from the price which lead to the trend line (Yellow Solid) breaking and the RSI dipping below the 50 level. The RSI has since recovered, however it's re approaching the trend line for a retest.
On Balance Volume
Similarly to the RSI, the OBV has also shown a divergence from the price and moved lower past the mid-point (Teal Dotted) in the double top. After a bounce at the support (Red Solid) the indicator is moving higher to retest the mid-point.
TLDR;
The market is showing strength, but a head and shoulders pattern is possibly forming as outlined above. RSI and OBV are both signaling higher, however, the indicators are nearing a trend line retest and level of resistance respectively. If price action moves past the head then we have an invalidation, but look for lower buying volume in the beginning of September to signal the formation of the shoulder.
What Seems Legit?
Um, not our portfolio if Mr. Market keeps running away from our targets; the market has been on a tear since the reversal in Dec / Jan. I mean, how many times have you heard those Bloomberg boys on the radio be like "omg markut go zhoom moar! wuuuuut?!", then the analyst comes on and is like "OH YEA NO U GOTTA DEPLOY CASH HERE I MEAN U CANT SIT ON THE SIDELINES LIKE WE CALLED THE BOTTOM AND NAO U GOTTA BAI". Layin' it on a little thick, text book transfer of wealth. Let's see if we get that head and shoulders.
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Chart Key
Yellow Solid = Major Trend Line / Channel
Red Solid = Support / Resistance
Teal / Red Solid = H&S Neck Line
Aqua Solid = Divergences
Teal Dotted = Midpoint Resistance
White Dotted = Invalidation of H&S
Green Boxes = Supports / Target Areas
Nas100 OutlookNas is looking like it is re-accumulating atm but it could turn on a dime and all of a sudden become a distribution schematic so pivot areas are indicated in the annotations on the chart. Just watch out for what price action does in the next coming weeks along the key areas and levels as it will be pretty telling if we are going to start a meltdown soon or if we are going to have a last push to the top most quarter key level.
A H&S pattern looking formed atm. Could melt, could not, we will see.
NASDAQ Moving LowerLooks as if a double top has formed after the recent melt up and a secondary trendline has been broken (solid yellow). Used RSI and OBV here to show the deviation from the price action solid red). The current trendline of the RSI has broken down and has bounced lower off the 50 level while the OBV sits right on it's current trendline. Price action has seemingly failed to make a higher high and is accompanied by higher recent selling volume. Current support levels are shown as dashed lines (yellow to red) With the red box being the strongest support and current target.
The Short Term - Looks as if we return to the primary trendline of the melt up (teal solid) to see if we get a breakout or a fake out. Mom's allowance money for this week says we make that move lower due to the above analysis and since RSI was rejected off the 50 level.
The Long Term - Shows price action moving back towards and testing the 200-day MA with the battle between the 50-day and 200-day to follow afterwards. Death cross = doom and gloom, bounce = hao in the NHL did u guise pull ths off?
TDLR; Bearish Deviations - Price action moves down to the teal solid line then towards the 200-day MA. Red box is the current target. Stay tuned to see how mad mom gets if the market takes our allowance money.
None of this was meant to be financial advice, but still seems pretty legit
NAS sell on US session?PEPPERSTONE:NAS100
Hey, today with something special
This idea will be ICC based so lets get into it
How u can see trade from yesterday on nas was 0 drawdown so hope today will be same
For valid trade price cant go over last high whats around 15230.
Then we want to see break of last low and close candle under it
SL can be on last high. For TP1 we will be reaching last low (15100) candle close (15080) wick
Around this zone we can close partials or watch what price do, if we break under we can hold until new low will be made
Just wait for US Session
I took 2 trades like this on nas with high reward so i hope nas make the same move even when i share it with you.
Shoutout to SCI