Get started

Nasdaqstrategy

Will Nasdaq exceed highs again?Nasdaq 100 Index // Ticker: NDX // Logarithmic scale // 4 Hours time frame. Since the nasdaq peaked in early September, it has not been as strong as before. In the previous analysis we recommend not taking long positions because it was in a phase of euphoria and at any time it could correct as it has happened. At this moment the scenario for the 4-hour temporality is lateral. Bearing in mind that the index is trading below the SMA30, be careful if the bears decide to push the index lower. Let's not forget that the long-term trend is still quite bullish but that in lower time frames we can have downward or range trends. Our recommendation: The elections to elect the president in the United States are very close and volatility is going to increase, therefore the operator must take this relevant fact into account. For the moment we will continue to open long positions operating in day trading since we do not feel comfortable with long positions in the medium or long term with the astual technical scenario.
TVC:NDQ
by MyWealthAssets
2
NASDAQ is trading within a downtrend channelCURRENCYCOM:US100 📍 After reaching the record high level around 12500.00 investors are taking their profit because of fear about the economic slow and and doubt over economic rebound 📍 Currently the price is below the 11000.00 key psychological level. Ahead of the US presidential election everyone had a doubt over who is win the election and how they will impose new tax on corporate sector 📍 US100 is trading in a downtrend channel. And series of HH LL LH LL patterns forming. And approaching towards the lower side of the major trend line we can expect a minor rebound from this level 📍 Within this downtrend channel series of bearish flag patterns are formed which is a clear sign of bearish trend 📍 In Elliot wave theory The 3rd minor wave is forming within the major third wave. The 2nd major wave was clearly closed at 61.8% of the 1st wave 📍 Recently the tech shares are in decline phase which in turn the US100 is falling as the tech shares the major movers 📍 The price was felled below the 50,1001200 exponential moving average the Ichimoku cloud is acting as resistance for the bull 📍 If the price moved above 11840.00 level then the bearish trend got invalidated 11840.00 is a 50% Fibonacci level 📍 MACD is in red zone and oscillators are pointing towards bearish trend. But in RSI the strength is slowly fading and we can expect minor rebound up to RSI-50 📍 The next bearish target would be 10310.00 which is a July low level. In alternative case the target would be 10800.00 Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
UShort
by forexorbit
25