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Nasdaqsignals

NASDAQ Relief rally to 18000 ahead?Nasdaq (NDX) finally hit yesterday our long-term bearish Target (17130), which we called a while ago (March 12, see chart below) but was postponed due to the Double Top formation: The index is now on a mixed sentiment as even though it is on a correction sequence below the 1D MA100 (green trend-line), the 1D RSI hit the 30.00 oversold limit as this Bearish Leg almost completed a -8.50% decline. During the previous Bearish Leg of the multi-month Channel Up pattern, the index had a relief rally towards the 0.786 Fib, after an initial -8.50% decline. We can see that this took place on the 0.3 Fib (blue) from the top. As a result we expect a short-term (at least) bounce to 18000. As long as the index doesn't break above the (blue) Channel Down and in particularly close a 1D candle above the 0.786 Fib (18150), we can expect a Lower Low after this relief rally. If it does close above it, we will resume most likely the long-term bullish trend earlier and we will update our position. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
5
Nas100 Price analysis 21 April 2024Monthly: The price has been dropping since starting of the month disrespecting the M-ERL+. So we are clearly bearish, till we get any bulish reversal in Daily. Monthly Bias: Bearish. Daily: On 15 April the price has been created a Bearish D-MSS with a Brake way Gape, since it has been dropping disrespecting 2 D-SSL, now it's about to test the D-FVG+, after taking the D-FVG+ if any H1 bulish MSS formed only then we could expect the price will go upwards the test the unmitigated D-FVG- above. Daily Bias: Bearish. H1: As last Friday, the price move upside then, it rejected from a H1-FVG then it formed a Bearish -MSS. So the price is clearly bearish. So in the upcoming week if we test the H1- FVG- in the OTE level, then we can open a shot based on the Bearish bias.
PEPPERSTONE:NAS100Short
by Trader_PKR
S&P500(US500):🔴Is it Bearish...?!🔴(Details on caption)By examining the ES1! 4-hour chart (S&P), we can figure out that, the market structure is bearish, so we looking for a sell position. In that case, the price had a bearish reaction to all of the bearish Pd Array, so we can expect a bearish reaction on the balance price range (BPR). In my perspective, sell-side liquidity is a draw on liquidity. Until this sell-side is not purging I don't think about buy position. 💡Wait for the update! 🗓️15/04/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
CME_MINI:ES1!Short
by VahidTradingCR
1
NASDAQ Emphatically below its 1D MA50 after +5 months!Nasdaq (NDX) is on the pull-back process, a correction that we called on our March 12 idea (see chart below) when the index reached the top of its 1 year Channel Up: Even as recently as last week (see chart below) we called for the ideal sell entry and set a 17500 Target: As you can see, the index emphatically broke and closed below the 1D MA50 (blue trend-line) yesterday for the first time in more than 5 months (April 04 also closed below it but only marginally). That is technically as strong bearish break-out signal. The idea now is that we want the index to hit the 1D MA100 (green trend-line), which has been intact since November 06 2023, see how the market reacts and then determine if that is a low or not. Technically if it replicates the August 18 2023 Low, we should be expecting a Low on the 0.3 Fibonacci retracement level at 17,150 at least, which also happens to be just above Support 1. The decline on the Aug 18 2023 Low was of the -8.52% magnitude, so that gives us a 16900 downside limit. We don't expect the pull-back to go that low though this time. A fair bottom signal can be when the 1D RSI hits 35.00 or the bottom of its Channel Down, similar to what took place on August 18 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Short
by TradingShot
NASDAQ Will the 1D MA50 hold or break and start a correction?Nasdaq (NDX) marginally broke and closed a 1D candle below the 1D MA50 (blue trend-line) last week but quickly recovered on Friday and this week has established its price action above it. Still it is under Lower Highs following the March 21 Double Top. It is a fact that the 1D MA50 hasn't been broken in 5 months (since November 03 2023) so last week is the first bearish sign after much time, but the quick recovery leaves a neutral, to say the least, tone. However, the (dashed) Channel Up is already broken downwards, so we will wait for a final bearish confirmation, with the condition being another 1D candle closing below the 1D MA50. If that happens, we expect a Channel Down to emerge similar to July - October 2023. In that case, we will be looking on the short-term for a 1D MA100 (green trend-line) test, with a minimum Target at 17500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100
by TradingShot
NASDAQ Short-term Support is failing.Nasdaq has been trading within a Channel Up pattern since late January and as you can see on the chart, every time the Bullish Leg held the 4H MA50 (blue trend-line) halfway (blue ellipse), the price continued the uptrend for a +5% Higher High. This time, the index closed a 4H candle below the 4H MA50, for the first time before a Higher Highs was priced. It is now probable to see a 1D MA50 (red trend-line) test for the first time since November 03 2023. If not and the index closes today's 1D candle above the 4H MA50, then we will consider it an invalidation and bullish continuation signal and we will buy targeting 18700 (+5.38% rise from the last Higher Low). If it fails to recover the 4H MA50, you may sell intra day towards the 1D MA50 but a more stable signal is to sell the break-out below the Channel Up, either on the spot or after the price rebounds to test the 1D MA50 as Resistance. In either case, our bearish Target will be 17410 (0.382 Fibonacci retracement level). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100
by TradingShot
1