Nasdaqlong
NASDAQ Bullish Reversal (Potential Tariff Resolution?) NASDAQ price action went through a massive correction with a drop from the top worth approx. 14%.
However after the passing of the latest FOMC Meeting, we may finally see a direction towards the resolution of widespread tariff based uncertainty across the macro economic landscape.
This presents us with a potential Reversal opportunity if we see the formation of a credible Higher High (given a potential proper break out) on the 4 HR and shorter timeframes.
Trade Plan :
Entry @ 20045
Stop Loss @ 19070
TP 0.9 - 1 @ 20923 - 21020
$NQ IdeaAnalyzing the NQ for the upcoming week, we observe that the price held at the monthly OB, where an SMT also formed, reinforcing the indication of a bullish continuation from that point.
On the daily chart, we identify a shift in market structure, evidenced by the presence of an SMT + MSS, followed by a continuation purge of the price. Given this, we understand that our weekly DOL will initially be the daily CRT High and the Weekly FVG, although the final target may be the monthly Range High.
Additionally, based on the economic calendar, we anticipate more significant movements on Monday, Thursday, and Friday due to news related to the dollar.
It is important to emphasize that this analysis is based solely on price action, and macroeconomic factors may impact the market throughout the week. Therefore, we must be prepared for potential changes in the scenario.
Nasdaq Intraday TradeWith the overnight GAP, price jumped above the white Centerline, just to come back in the Asia session.
We see that price broke the white CL and halted afterwards. Do yo see where it halted? Yes, at the Centerline of the yellow Momentum Fork!
And currently it's pushing up through the white CL again...hmmm...
So, we have momentum, clear support at the yellow CL, a potential new push through the white CL and a loooooot of Air...and stop/losses above to be sucked in §8-)
I'm long with a stop below the yellow CL low, and with multiple targets to the upside.
Let's have fun!
QQQ - Nasdaq has reached it's firstPrice reached the Warning Line 1.
This is a natural support, because it's a standard deviation stretch. From here, price has a high tendency of mean-reversion.
How far?
Most of the time it shoots back to the Lower-Medianline-Parallel.
Beware of the potential resistnace zone.
This level is a good one to take partial profits.
As for a stop, I would put it below the last swing-long. I may play it with Options (for example a Risk-Reversal), giving me more leeway to the downside if it's not playing out immediately.
NASDAQ100Hello friends
Our ascending channel had a strong break and considering the negative news, how far do you think the decline will continue?
The support levels identified can help you trade, but we need to see where the price will go with the news that will be announced this week...
*Trade safely with us*
I don't think US markets have bottomed outThe US stock markets are down.
I don't think they've bottomed out - there could be further downside to come - but this could be a fantastic opportunity for longer-term traders and investors. Buying the dip is often profitable for buy-and-hold investors.
As a trader, I'm still actively looking for index shorting opportunities.
Nasdaq Potential Huge BounceI post this again, because from my last post, some only see a confusing picture instead of the chart.
Price nearly reached the L-MLH of the Red Fork.
This is a huge price stretch and chances are super high that we will see a big bounce to the upside.
As for PTG's I focus on the Red, and the Orange Centerline.