Nasdaqtrader
ENPHASE ENERGY (ENPH) Short Play: Bearish Momentum Building!Technical Analysis:
Enphase Energy (ENPH) on the 15-minute timeframe signals a solid short trade setup. The price is moving steadily below the Risological dotted trendline, showing sustained bearish pressure with room for the price to descend further.
Key Levels:
Entry: 78.13
Stop Loss (SL): 85.38
Target 1 (TP1): 69.18
Target 2 (TP2): 54.69
Target 3 (TP3): 40.20
Target 4 (TP4): 31.2
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Observations:
The price is consolidating near the entry, showing potential to test the lower targets.
The Risological dotted trendline continues to act as overhead resistance, indicating a strong bearish outlook.
Enphase Energy is positioned for a potential decline with all targets set. Traders should watch for a breakdown below TP1 to confirm continued bearish momentum and aim for deeper targets!
NASDAQ SHORT TRADE IDEAMarket Makers' Bias:
-Fund Managers are currently holding net selling positions and signaling a bearish divergence on the Weekly price chart.
The last time Fund Managers showed net buying positions with a bullish divergence, the market rallied for an entire week afterward; Now a bearish divergence
Additional Fundamental Bias:
-The Nasdaq appears overvalued relative to U.S. Treasury bonds, suggesting that tech stocks within the Nasdaq Index, such as #AAPL, #META, and #GOOG, may be similarly overvalued and likely to experience a downturn.
-We also have Price gaps, they normally act as a magnet to be filled.
Technical Analysis portion:
-We are just hit the weekly covered daily Supply zone, price could be ready for a bearish move now.
-Opposing gap zones and Demand zone can be your potential profit target.
OTHERS:
>Scalpers can ride the bullish trending week
>Long term traders can position for a Sell for next week or position a Long trade at Supply for a retest.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
Let’s see how this plays out... 👀👀
Nasdaq thoughts - 22-JUL-2024Hello everyone! Please find my NASDAQ market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader
GOLD THOUGHTS 19-JUL-2024Hello all, Kindly see my GOLD thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
NAS100USD ( BREAKOUT CHANNEL ) ( 4H )NAS100USD
HELLO TRADERS
Tendency , after breakout channel the price is under bearish pressure .
TURNING LEVEL : the price of turning level between 20,214 and 20,084 , if the price breaking 20,214 reach a resistance level , but if breaking 20,084 reach a support level .
RESISTANCE LEVEL : currently price 20,127 inside sensitive area , if the price breaking turning level at 20,214 reach a resistance level at 20,386 .
SUPPORT LEVEL : if the price breaking 20,084 reach a support level at 19,910 .
PRICE MOVEMENT : the price breaking ascending channel it mean under bearish pressure , know the price in a sensitive area between turning level at 20,214 and 20,084 , price breaking 20,214 by open 4h candle above this level reach a resistance level at 20,386 , then breaking this level reach a 20,708 , if the price breaking 20,084 by open 1h or 30 min below this level reach a support level at 19,910 , the breaking this level reach a 19,688 .
TARGET LEVEL
RESISTANCE LEVEL : 20,386 , 20,708 .
SUPPORT LEVEL ; 19,910 , 19,688 .
NAS100USD ( BELOW TURNING LEVEL ) ( 4H )NAS100USD
HELLO TRADERS
Tendency the price trade below resistance trendline , indicates the price is under bearish pressure
TURNING LEVEL : there is a blue line around 20,557 , indicates if the price trade below this level reach a support level , but if the breaking turning level reach a resistance level
NEW RESISTANCE LEVEL: there is a green line around 20,742 , indicates if the price breaking turning level create a new resistance level
SUPPORT LEVEL : there is a red line around 20,245 , indicates buying have already increase this level , and in this level create a demand zone
PRICE MOVEMNET : the price stabilizing below turning level around 20,557, in my opinion until the price trade below turning level , reach a support level at 20,245 , then breaking this level reach a next target at 20,083 , if the price breaking turning level create a new resistance level at 20,742
TARGET LEVEL :
RESISTANCE LEVEL :20,742 , 20,871
SUPPORT LEVEL : 20,245 ,20,083
NAS100USD ( UNDER ADP NEWS ) ( 4H )NAS100USD
HELLO TRADERS
Tendency the price breakout resistance trendline , indicates the price is under bullish at 19,926
RESISTANCE LEVEL: there is a blue line around 20,088 , indicates selling have already increase this level .
SUPPORT LEVEL : there is a red line around 19,926 , indicates buying have already increase this level .
PRICE MOVEMNET : the price between support level and resistance level , in my opinion after the price breakout the resistance trendline price stabilizing bullish , so the price corrective a support level around 19,926 , after rising to resistance level at 20,088 , then stabilizing this level reach 20,245 .
if the price breaking support level by open 4h candle below 19,926 easily to reach 19,811 and 19,620
TARGET LEVEL :
RESISTANCE LEVEL :20,088 , 20,245
SUPPORT LEVEL : 19,811 ,19,620
Possible sell opportunity on NASDAQwere on a 3rd day of push to the downside, also currently in the golden zone and also in Premium zone. On the 4H & 15 min time frame weve reached order blocks. Id go for a 1:2 RR for this just to keep it light since this still is an uptrend. If it goes beyond the 2nd leg the trade will be invalid
NAS100 - MY BEARISH SCENARIO (TARGET 16500)What are we looking at?
1) An all-time-high (ATH) to end 2023 with fireworks and champagne.
2) A sneaky daily bearish FVG that we know is relevant thanks to step 5 and 7.
3) A retracement creating a range that ends on the notorious 0.618 fib level (weekly fib).
4) The continuation of the general trend, price pulls back into the range and creates a daily bullish FVG. It is indeed plausible that price does continue and forms a new ATH but for arguments sake, I prefer the probabilities a short gives me in a premium market with more liquidity to grab on the sellside.
5) Price halts in the bearish FVG mentioned in step 2 and prior to that created a 4H bullish FVG.
6) The CPI release had price wick into the 4H FVG and back into the consolidation we go!
7) Price wicking at multiple occasions in the daily bearish FVG which is to me a primary signal for a short setup despite all the bullish price action around it. Listen, if price breaks buyside aggressively, no short will be taken. We need price to break a low and then a short structure may present itself.
8) Here we have the potential break to the downside, taking out sellside liquidity. We can also call this a break-of-structure.
9) A pullback for a potential short entry and voilà.
10) 2 targets for partials.
NFA and happy trading guys! ;)
Lower Imbalance to be filledPrice has been on a flawless uptrend initiating since the end of October. Being that price just put in yet another high above previous weekly levels as well as daily, I am expecting price to have a correction. Not only due to the natural course of price but also to the fact that a 200+ point fair value gap has been left below price. Price can retrace beyond 300+ points and still be in a definitive uptrend at the moment.
Nasdaq (NDX) -> Dump And PumpMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Nasdaq.
For more than 10 years the Nasdaq has been trading in a quite obvious rising channel and just recently retested and already perfectly rejected the rising support trendline.
Since the Nasdaq is now retesting the parallel resistance trendline, I first do expect a short term drop to retest the $13.000 support level and then I think that we will see another rally.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡