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
Nasdaqidea
NQ1! NAS100USD NASDAQ 2023 JULY 31
NQ1! NAS100USD NASDAQ 2023 JULY 31
A) Market facing resistance at 16030-15904 area
B) Fallen out of uptrend channel | | Lower High
C) Rotation between 16030 - 15511
D) Weakening upward momentum on W / D timeframe
Possible Scenarios:
1) Rotation strategy: Trade at boundary 16030 | 15904 and 15511 (grey zone 390 - 500pts range).
Target can be 50% of range or trail to rotation boundary.
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 16030 15511 15118
*Longer term: 13350 needs to be supported for long trend to be intact.
Price/Volume/Trend Analysis:
Weekly: Narrowing spread ave vol up bar = weakening momentum
Daily: Lower vol up bar close off high = minor weakness
*NTC = Non-Trend Changing | PTC: Potential Trend Changing
Like and follow if you find this useful | *For education purpose only.
Have a profitable trading week.
Nasdaq's Rebalancing of Fabulous 7 Tech Stock so CautionRecent news concerns Nasdaq's decision to rebalance its equal weighting for the Fabulous 7 tech stocks. While this may seem like a routine adjustment, I urge you to exercise caution and remain skeptical about future stock returns and performance.
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NFP NASif 15100 holds we can see a nice move to the down side tapping into that 4hr order block and buy side liquidity around 14900
now if 15100 doesn't hold we can see a move up to clear the remaining sell side liquidity around 15160 -15220
im short side biased at the moment a break of 15050 should open the door for a nice move down to those both of those green lines if no break i wouldnt enter waiting on confirmation but keep a eye on this trade safely its NFP
Nasdaq -> Preparing The Bearish WaveHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Nas100 just retested and already started to reject the major previous weekly structure zone at the psychological $15.000 level.
You can also see that Nas100 retested the resistance of the very bullish rising channel, the next support would be the 38.2% fibonacci retracement level at the $14.000 zone so I am just waiting for more bearish pressure and then I do expect more upside potential.
On the daily timeframe you can see that Nas100 finally broke structure towards the downside with Monday's candle so this is a sign that Nas100 is actually slowing down - I do expect another push lower to retest daily support at the $14.300 level and then I do expect a first bullish rejection.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Nasdaq Short Idea For The Coming Days Or Weeks.This is my analysis on the Nasdaq, I'm anticipating selling down to any of those two weekly fair value gaps, what will confirm if any of those fair value gaps will hold price and have us see an expansion to the upside is if price breaks structure bullishly to the upside on the 4 hour time frame, for now shorts are ideal for this market condition.
Nasdaq: Taking a Break… 😮💨Currently, Nasdaq is taking a break from the exhausting ascent it has realized from the low of wave iv in turquoise. However, we expect the index to activate some more upwards momentum, expanding wave v in turquoise so that a higher top of wave i in orange can be reached. This done, Nasdaq should turn downwards and drop below the support at 13 566 points to develop wave ii in orange. There is a 40% chance, though, that the index could bounce off this mark, finishing wave alt.iv in turquoise instead. In that case, we would expect a delayed expansion of wave alt.ii in orange and thus a delayed drop below the mentioned support line.
Next week - Several potential buying zones on NQ/US100 CAPITALCOM:US100 , CME_MINI:NQ1!
As the Nasdaq market is bullish at present, I expect the market to continue rising. In this analysis, based on the market's structure, you can find multiple possible buying zones with a high probability of buying scenario.
Follow for more
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.