NASDAQ - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: (Daily Time-frame)
20000.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
A trough is formed in daily chart at 20548.20 on 01/13/2025, so more gains to resistance(s) 21248.00, 21722.90, 22203.25 and more heights is expected.
Take Profits:
21248.00
21722.90
22203.25
22500.00
23000.00
23500.00
24000.00
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Nasq100
Intraday Levels for Nasdaq 100 Futures - 01/21/2025This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
TQQQ - Rising Trend Channel [MID -TERM]🔹Breakout 44 resistance and next resistance at 47.
🔹Technically POSITIVE for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Nasdaq Short Idea For The Coming Days Or Weeks.This is my analysis on the Nasdaq, I'm anticipating selling down to any of those two weekly fair value gaps, what will confirm if any of those fair value gaps will hold price and have us see an expansion to the upside is if price breaks structure bullishly to the upside on the 4 hour time frame, for now shorts are ideal for this market condition.
Nasdaq Hi guys it is my opinion about US100 i think it is overbought and the price can get to 13669 again
NDX - Breakout Falling Trend [MIDTERM]- NDX has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- NDX has given a positive signal from the double bottom formation by a break up through the resistance at 12000.
- Further rise to 13400 or more is signaled.
- NDX has support at 12000 and resistance at 13000.
- Overall assessed as technically slightly positive for the medium long term.
Verify it first and believe later.
WavePoint ❤️
Nasdaq reversed to bearish, looking short tradeHello traders 👋
According to 1 day chart, Nasdaq index is ready to do it's last downward movement. Hence I've prepared my analysis on how to trade in the bearish market. Many said rise from the previous low point; 11050 indicated beginning of bullish market. On the other hand, I think it is the 4th wave correction. Therefore I will continue to do short for the long term.
TESLA might be trading at 60-70$ in the near futureI have been shorting TESLA since it's last leg up. I think it's not necessary to explain why I am still holding this position and even adding more funds to my current positions.
TESLA is overrated compared to other manufacturers like Ford, BMW or Mercedes.
Targets on chart.
NASDAQ 100 Long: Bullish Engulfing Candle at LHThe trend is upwards on 15 min chart.
Bullish Engulfing candle at the LH will now move towards the next HH.
US Stock market recovers slightly after sell-offEUR/USD ▶️
GBP/USD 🔼
AUD/USD 🔼
USD/CAD ▶️
USD/JPY 🔽
XAU ▶️
WTI 🔼
Upon the release of the US Producer Price Index, a -0.1% reading met market expectations, while a minor decrease in price levels has allowed some breathing space for the stock market and other major currencies. NASDAQ 100 just recovered 0.84% to 12,134.40, Dow Jones up 0.1% to 31,135.09, and S&P 500 gained 0.34%, currently at 3,946.01. A slowed dollar rally maintained gold futures prices at $1,709.1 an ounce.
The UK Consumer Price Index recorded a growth of 9.9% on year in August, considerably more optimistic than the estimate of 10.2%. As a result, GBP/USD closed at 1.1535 with modest gains. Euro retold its woes as last week - failing to stay above parity, briefly peaking at 1.0022 and slumping back to 0.9977.
Australia’s employment figures were less cheerful, despite less employment and a higher jobless rate, the AUD/USD pair still traded slightly higher to a closing price of 0.6748. USD/JPY fell and stabilized at the 143.0 level to 143.15, and USD/CAD traded flat at 1.3163.
US crude oil inventories added 2.44 million barrels, over market projections of a mere 830,000 barrels, WTI oil futures fluctuated between $86 and $90 a barrel, finally closing at $88.48.
More information on Mitrade website.
TAKE THIS CHANCE dear traders we see nasdaq always on bullish trend this level nasdaq cant reach it for now so i expect nasdaq will be down the target will be 13580
NQ1!, Trading the Market one Swing at a TimeThe market remains massively unchanged. The sell side made an attempt to go lower but the buy side had entered aggressively at the 61.8% extension of the most recent swing, a confluence with 50 DMA, and pushed back. A strong rejection suggests higher prices to come. The monthly R1 retest is not ruled out. I've been mentioned that level in the previous posts. The buyers success is easy to gauge through Fib levels. Holding 23.6% put them on the path to a new all time high. Breaching it would lead to a retest of the 61.8% and potentially monthly S1.
I continue to emphasize that the market is very technical. This is the result of the Algos being involved more and more in the trading. Without hard "stop and turn" they move the price from a level to level.
It makes sense to trade one swing at a time. Applying Fibs and watching the reaction on a smaller timeframe is a proven strategy. It is also very mechanical and objective helping to overcome the overthinking syndrome.
The Fib levels are more accurate for the most recent swing.
08/21/2021
Nasdaq (Double top)As we can see the market re-tested the 13834.8 level, than after that continued with a downtrend,
A typical example of a double top, A double top pattern consists of several candlesticks that form two peaks or resistance levels that are either equal or near equal height. As we traders look to take sell positions after plotting of the neckline. This neckline can act as an entry point for going short
MARKET STRUCTURE|| SELL RE-ENTRYIn my older analysis i gave reasons why we should be shorting the Nas100.. Price is still reacting with respect to that.. Ive taken orders from the 30Min supply and hoping to see Price action Dance to the afrobeat of the institutions😎😂