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Nasdaqsignals

NASDAQ Short-term pull-back possible. Know when to buy.Nasdaq (NDX) delivered an excellent buy signal last time we looked at it (May 30, see chart below) and is approaching our 19900 Target: The pace of this rise however has been very strong, certainly stronger than the December 2023, which we used as fractal comparison, and the price already reached the top (Higher Highs trend-line) of the 1.5 year Channel Up. At the same time, it hit the 2.0 Fibonacci extension level from the last Lower High before the break-out, while the 1D RSI reached the 78.00 overbought level. On the past fractal, the short-term correction that followed, bottomed on January 05 2024 on the 1.5 Fib ext. As a result, we can't dismiss a short-term pull-back now but we will expect it to find Support around 19050 (Fib 1.5). We will use it as a new buy entry and target 20500 (the 2.618 Fibonacci extension) as we expect a new, more aggressive Channel Up to emerge. ------------------------------------------------------------------------------- ** 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
2
Nasdaq - Soon heading to $30.000?Hello Traders and Investors, today I will take a look at the Nasdaq . -------- Explanation of my video analysis: For more than a decade, the Nasdaq index has been trading in a rising channel formation with the last retest of the support trendline being back in the end of 2022. At the moment, Nasdaq is retesting the upper resistance trendline and if we actually see a breakout over the next 2 months, we might see a similar rally of +50% compared to the one which we saw back in 2020. -------- Keep your long term vision, Philip (BasicTrading)
TVC:NDQLong
by basictradingtv
9
DowJones (US30) Bearish patterns and signsIn this 1-hour chart of DowJones (US30), we observe a significant bearish pattern forming after the price action. The market hunted the highs of both the Asia and Euro sessions during the NY session, which typically signals a liquidity grab. This maneuver often leads to a swift reversal, as is evident by the price dropping back down after touching the resistance zone. The index has broken down from a rising wedge pattern, a bearish reversal signal. This suggests that after the false breakout to the upside, the DowJones is poised for a considerable decline. Traders should anticipate further bearish momentum, potentially leading the index down to lower levels. The break below the wedge confirms that the upward momentum has weakened, and sellers are likely to dominate, pushing the price down further. Keep an eye on support levels for any potential slowdowns, but the overall trend appears to be bearish for the immediate future.
CAPITALCOM:US30Short
by Sober_Trading
NASDAQ will continue to rise on this pattern repetition.Nasdaq (NDX) has been trading within a (blue) Channel Up since basically the market bottom of the inflation crisis in October 2022. On the bigger picture, this is the technical Bullish Leg of the 14-year Channel Up and is supported by the 1W MA50 (blue trend-line) since March 13 2023. Based on the 1W RSI pattern, we have previously seen such Bullish Leg within the long-term Channel Up supported by the 1W MA50, back on the February 08 2016 bottom. As you can see on this 1W chart, both Bullish Legs (Channel Up patterns) made their first pull-back on the 0.5 Fibonacci retracement level. In June 2018, the previous fractal reached the 5.0 Fibonacci extension and shortly after, the index corrected aggressively back at the bottom of the 14-year Channel Up. We expect Nasdaq to hit again the 5.0 Fib ext sooner or later but most likely before the year is over. This gives us a medium-term Target of 22000. ------------------------------------------------------------------------------- ** 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:NDXLong
by TradingShot
2
NASDAQ Another 2 weeks of consolidation possibleNasdaq (NDX) made the bullish break-out that we largely expected as described on our previous idea (May 15, see chart below) and almost hit our 19100 Target: Right now we see a short-term pull-back, which based on the November - December 2023 fractal (green ellipse), should be at worst a 2 week consolidation. The 1D RSI also shows that symmetrically we should be at a point similar to December 06 2023. That fractal then rose for a Higher High on the 2.236 Fibonacci extension. As a result, our medium-term Target is now set at 19900 (just under the 2.236 Fib and top of the 1.5 year Channel Up). ------------------------------------------------------------------------------- ** 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
US30 - 15m Buy OpportunityThe recent price action in the Dow Jones (US30) shows a potential buying opportunity after a significant drop. To manage risk effectively, it's essential to make this buy position risk-free by moving the stop-loss to breakeven or into profit. This approach ensures that even if the market reverses, you will not incur a loss on this trade. With the current setup, wait for price action signals to confirm the next movement towards the target levels. Watch for bullish signs such as higher highs and higher lows, or bullish candlestick patterns that indicate continued upward momentum. By doing so, you can maximize profits while minimizing risks.
CAPITALCOM:US30Long
by Sober_Trading