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Nasdaqsignals

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
NASDAQ100 ON MAJOR BUYING ZONEThe analysis suggests that NAS 100 (Nasdaq 100 index) is currently within a major buying and demand zone. This zone is a price range where significant buying interest has historically been observed, indicating strong demand for the index. Specifically, the demand zone is identified between 18,200 to 18,300 points on the NAS 100 index. In technical analysis, demand zones represent areas where buyers outnumber sellers, resulting in increased buying pressure and potential price support. Traders often view demand zones as favorable entry points for long positions, anticipating a bounce in price from these levels. The target for this trading setup is set at 200 pips, representing the expected upside movement in the NAS 100 index from the demand zone. Traders typically set targets based on technical analysis indicators, historical price movements, and market sentiment. In this case, the target of 200 pips suggests a significant potential gain for traders who enter positions at the demand zone. Overall, the analysis indicates a favorable trading opportunity in NAS 100, with a major buying and demand zone identified between 18,200 to 18,300 points. Traders may consider entering long positions with the expectation of a 200-pip upside movement, aiming to capitalize on the potential price appreciation from the demand zone.
OANDA:NAS100USDLong
by MOAZAM1133
NASDAQ(US100):🟢Possible scenarios🟢(Details on Caption) Hello Traders Outlook: Daily Chart Summary: NASDAQ's recent action: Cleared sell-side liquidity in the daily Fair Value Gap (FVG). Activated bearish breaker block by closing below 18233.50. Bullish Scenario: 4-hour chart insights: Trend line liquidity intact. Buy-side liquidity remains untouched. SMT with S&P500 and Dow Jones trend supports upward potential. Bearish Scenario: Concerns: Activation of daily bearish breaker block. Presence of order block with Fair Value Gap (FVG) on the 4-hour chart. Explore By examining the NASDAQ daily chart we can figure out, that the price purged the sell-side liquidity that formed inside the daily FVG. On the other hand, the price activated the bearish breaker block by closing the daily candle body below 18233.50. Up to this point, I mentioned the primary characteristics of bullish and bearish scenarios, Let's go deeper and continue. The first scenario (I follow this scenario) is bullish, Here in the NASDAQ (US100) 4-hour chart we can see the created trend line liquidity and left buy-side liquidity untouched. In addition, there is an SMT with S&P500 and Dow Jones. This alignment gives us added confidence in the potential for the price to target the buy-side liquidity. The second scenario is bearish. As I mentioned the price activated the daily bearish breaker block and also there is an order block with FVG that may push the price lower. The bullish FVG above sell-side liquidity can be our first target in this scenario. 💡Wait for the update! 🗓️17/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
CME_MINI:NQ1!Long
by VahidTradingCR
7
NASDAQ Correction not over yet but won't be a big one either.Nasdaq (NDX) started a correction last week (see our March 12 idea below) which was after a rejection at the top of the multi-month Channel Up that transitioned into a Head and Shoulders (H&S) on the lower time-frames (4H) and broke below February's Channel: Despite the early bounce today, we don't expect this correction to be over, but won't be a lengthy one either. On the 1D time-frame we set a 17130 Target and that seems to be almost in perfect sync with what the 1W time-frame shows us, which is at most a test of the 17,000 - 16,850 range. What's the importance of this? Well that is the horizontal level of the previous November 2021 All Time High (ATH), i.e. a Resistance, that may now turn into a Support. As this 1W analysis shows us, since NDX started trading inside a log Channel Up since 2010 (that later broke upwards thus is best viewed here by the Fibonacci Channel levels), the prior Resistance has been tested and held 9 times (with the exceptions being the March 2020 COVID flash crash and of course more recently the 2022 inflation Bear Cycle). The key on those sequences has been the formation of Lower Highs on the 1W RSI when done above the overbought barrier (70.00). The 2nd Lower High has basically been the technical sell signal that called for the formation of the medium-term Top. At the same time though keep in mind that on all those medium-term corrections, the index touched the 1W MA50 (blue trend-line), with the only exception being the September 2020 pull-back. The 1W MA50 is currently at 15500 (but rising aggressively), considerably lower than the 17,000 - 16,850 Support Zone. The difference maker in any case would be the Fed's outlook towards potential rate cuts this year. The slightest mention of potential cuts either this Wednesday or later, would be enough not to let the index free fall to the 1W MA50. In any case, this chart shows long-term investors when to consider to take some profits (RSI Lower Highs) and then when to have the patience to wait a few weeks - 2 months before entering again. On the long-term we expect a minimum repeat of the September 2020 - November 2021 rally towards the 2.0 Fibonacci extension. As a result our long-term target on Nasdaq is 27000. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NDX
by TradingShot
3
NASDAQ Top of the 1year Channel Up. Needs to correct.Nasdaq (NDX) is almost at the top of the long-term Channel Up that started back in January 2023 and the 1D MA50 (blue trend-line) has been supporting the current Bullish Leg since November 03 2023. That is a very aggressive wave that is most likely coming to an and as technically it resembles the previous Bullish Leg that peaked on July 18 2023 on a similar (as you can see) structure, which then corrected initially by -8.50% to the 0.3 Fibonacci retracement level just above the 1D MA100 (green trend-line). As a result, we are turning bearish and our target is 17130, which is Support 1 and where most likely contact can be made with the 1D MA100 on a marginally less fall than -8.50%. ------------------------------------------------------------------------------- ** 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
3
NAS100 - Interesting buy zone!Hello everyone! After the SL of yesterday, we are turning bearish on NAS100. Also because we are having rumors that start confirm itself, rumor about the US debt, but also about the NFP that gonna be bad ! Technically, I've entered a buy position due to: - 2 major liquidity uptakes. - Buy zone created through accumulation. - Strong reactions at the buy zone (Accu). Now we just wait! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
PEPPERSTONE:NAS100Long
by ex_rico
NASDAQ Is this a Double Top? Potential decline to 16900.Nasdaq (NDX) tested and was rejected last Friday on the 18100 Resistance, which was formed by the February 12 High. This is a technical Double Top formation and as long as it holds, there is high probability for the index to start the new Bearish Leg of the 1-year Channel Up pattern. In fact the recent February 12 High is technically as close of a Higher High for this Channel Up as possible and was formed while the 1D RSI was on Lower Highs since December 19 2023 (Bearish Divergence), similar to the July 18 2023 High. The similarities of the Bullish Leg that started on the October 26 2023 bottom with the previous that formed the July 18 2023 High, are in fact very strong. As a result, it is very probable to see a symmetrical -8.50% decline towards the 1D MA100 (green trend-line) and the Support 2 level but we keep a shorter-term perspective due to the overall bullish dynamics this year and our short is 'only' targeting the 0.3 Fibonacci retracement level (as with the August 18 2023 Low) at 16900. ------------------------------------------------------------------------------- ** 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
3