NQ - Nasdaq below CL, going southThe white pitchfork is a "pullback fork".
This huge monster measures the whole swing, from April 2020 to the highest point ever reached in the NQ.
What is the benefit of such a pitchfork?
1. We see where the center is.
Above the center, the market is very strong. It's likely that the market continues in the projected direction.
Below the CL (Center Line) it's very likely that price will not jump above it again. So the only ways are sideways or down.
2. Knowing the rules how to trade the pitchfork, we have a nice test at the centerline. Usually we see another test, or even multiples, before the market is heading towards the L-MLH, the Lower-Medianline Parallel and beyond.
So, if price falls below the L-MLH, a test/retest is expected and the next target is at least the first WL (Warning LIne...it "warns" that price could turn from there since it's overextended by 2 magnitudes).
Let's be curious and put our observation Hat on.
#learntoearn
Nasdaqshort
Nasdaq Analysis Hi Everyone,
Nasdaq is in a key area of resistance also the centre of the trend line if broken can reach 12874 area, also the top of the channel. However with the current market state I would expect price to push down again to previous lows of 11600 area and break through this to reach the next monthly support of 11000.
Key to remember, The moon is not the target, alway have a TP, break evens, take partials, so you don't let the market eat away everything.
NAS LONG TERM DROPNasdaq is currently in a heavy bearish market and has no signs of stopping.
I am looking for NAS to continue dropping down to hit the trendline sometime during August. It should cover 50% of the COVID crash which is almost equivalent to a 50% drop from the highs.
After that target is reached, I will be looking for buys on NAS all the way to 20k.
Trade safely and risk only what you can afford.
This is not financial advice.
PM me if you have any questions.
NASDAQ: Bloodbath ..?Prices seems like approached strong Demand Zone
at 12200 and also trapped in Bullish Flag inside
another Bullish Flag. We might see some retracements
from current Demand zone but NASDAQ is already entered
in Bearish Trend.
So better to look for Short Entries.
Proper Shorts entries will be active after breaking 12000
critical zone. Once Broken, look for retest and take entry.
Keep in mind the current Fundamental impacts
including Russia- Ukraine war, interest rates,
inflation also we've got chances of RECESSION
up ahead.
Crazy Times for Nasdaq what next?Good day great traders it is once more with my greatest delight to be serving you insights on Nasdaq today
Now what's been happening with this market
Weekly our trend still has been bearish since 27 Dec 2021
Again, we have recently approached the 13000-price level which has a weekly support that has 4 touches holding support since 8 March 2021 so it is a strong support area
On the daily we got a close below this support level Tuesday however we did engulf back into this 13000-price support level
What does this mean? we are likely starting to range after or great impulse down
H4 h1 they do not seem promising to be taking trades on them because we recognize lack of momentum
What is the verdict? Wait for the market to break below the 13000-level close successfully there then we should catch further retracements on lower timeframes why are we to sell? the higher timeframe still is bearish and till we maybe push above the 13600-level creating higher lows and new higher lows then have the weekly close above the price too then trends should continue up but for now I will be selling be sure to comment positively till we meet again God bless
Nasdaq Short Setup To Get 300 Pips At Least After Confirmation This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
BEARS TO CONTINUE PUSH NASDAQ DOWN?Good day you Million great traders
Special stuff here now listings of what I see on the chart are as follows:
Weekly resistance rejection
Weekly double top
Daily we closed off a new lower high yesterday
Hourly there has been strong impulses down
Now i Expect the market to cool off and range or retrace towards the minor trendlines drown on h1 or break of current trendline with 2 touches
If The mentioned above happens I will take sells accordingly Have a great day Great Traders comment positively what you think God Bless:)
Potential NASDAQ TREND CHANGEgOOD DAY GREAT TRADERS
It is with my greatest delight to bring you insights of Nasdaq
These are the reactions i see on the chart
1. Downward Trendline respect
2. Daily Resistance respected
3. We have Daily candlestick reversal in the past 2 trading days
Should we successfully stay below 15400 level i will start looking for sells (MARKET IS BULLISH) so we just anticipating swing sells when the market proves so
Hey Tell us what you think on the comment section GOD BLESS
US100 - Short Ideaquick profit in this product , trade with your risk management (this is not any financial advice)
NAS100 Testing last resistance to further test 13700 SUPPORTHey Traders!
Good weekend so far as you can see in the chart NAS100 broke THREE tiny SUPPORTS in a row today.
And after waiting a long time finally it BREAKS SUPPORT turned RES @14390 Aprox. SO SELL/SHORT (I did at first support break which is at 13600) in this area, and target the next CRITICAL yellow support that is @14130.
But is this YELLOW LINE is broke by the downtrend, then target the next SUPPORT i.e. 13800....
AND then if it goes below 13800 then check 4H or 1D chart and see the next support at 13500 & 12900 ;)
P.S. This is my sole analysis & point of view, what you views about it kindly write in comments :)
Please Like for appreciation if you liked my idea.
ENJOY! Have a nice weekend ;)
Nasdaq100- A pull back can happen- good opportunity for shortLast week, after breaking under important 15500 support, I said that I expect Nas100 to fall to the 14k zone.
The drop happened very quickly and even exceeded my target with a low of around 13.500.
Now the index is in a normal recovery and this can provide bears a good opportunity to enter the market.
My sell zone is 14.500-15k and only a daily close above 15k would put a pause in this scenario
The first target can be yesterday's low.
Best of luck in shorting Nasdaq:)!
Mihai Iacob
SPX500 short Things are not looking very good for risk assets after the break below 200 MA.
FED interest rate increase is a headwind for stocks generally and growth stocks in particular.
It seems to us that things are going to get worse over the coming days.
Stay away from the growth stocks and darlings of low interest rate environment.
Most important -> manage your risk.
Technical analysis update: Nasdaq 100 (21st January 2022)General stock market continues to experience weakness. Nasdaq 100 declined to a new low at 14 602.25 USD while subsequently reaching our two price targets. Because of that we decided to update our thoughts on this index. We continue to maintain a bearish stance on NQ1!. Our view is supported by technical factors which continue to point to the downside. However, we have to note the price of NQ1! experienced fast and steep decline along which it deviated too far from its 10-day SMA (Simple Moving Average) and 20-day SMA. Because of that we would not be surprised to see price retracement towards these two moving averages in the following days. Though, if volatility will continue to increase (at its current pace) then it is likely that full retracement will not occur, half retracement is more probable. Because of our bearish view we would like to set a new short-term price target for NQ1! to 14 500 USD. Additionally, our medium-term price target for NQ11! is 14 250 USD.
Illustration 1.01
Picture above shows the daily chart of NQ1! with volume indicated below it (green and red bars). Volume remains relatively high with no signs of decline. This suggests that selling pressure will most likely remains persistent for while.
Technical analysis - daily time frame
RSI crossed below 30 points into oversold territory. MACD and Stochastic remain bearish. DM+ and DM- continue to show bearish conditions in the market. ADX increases which suggests that the bearish trend is gaining strength. Overall, the daily time frame is bearish. However, it also signals the price got oversold relative to its short-term past which often precedes short lived bounce in price.
Technical analysis - weekly time frame
RSI, Stochastic, DM+ and DM- are bearish. MACD is bearish too despite the fact that it appears in the bullish zone. ADX stopped its decline and reversed to the upside which suggests the new bearish trend gains strength. Overall, the weekly time frame remains bearish.
Support and resistance
Short-term resistance sits at 14 807.50 USD and short-term support lies at 14 585.50 USD. Support 1 appears at 14 367.75 USD and Resistance 1 appears at 15 708.75 USD. Major resistance is at 16 767.50 USD which is all time high for NQ1!.
Please feel free to express your own ideas and thoughts in the comment section.
Our latest thought on NQ1! from 18th January 2021.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.