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NDQ100

NASDAQ BEARISH BIASNDQ = Current price @ 11,923 The Nasdaq has yet again rejected resistance at 12,560 for the 5th time now and is heading back to previous support @ 11,699 The Nasdaq has been in a bearish trend since the war in Ukraine started what is fueling the bearish move is actually inflation worries in the US as well as poor Q1 reports from companies like Amazon, Netflix, etc. We expect the Nasdaq to continue its bearish trend to at least 10,999 which is the next major support level before reversing back to 12,000. After that we expect a retracement back to 11,699 before continuing its bullish movement and breaking the major down-trendline. Short term key Buy levels for day traders @ 11,699 @ 10,999 Long term the Nasdaq is always a buy if you are holding/Long-term trader Note: this is just an analysis based on technical analysis & current events. All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
TVC:NDQShort
by fxspott
Starting To Look Like The Third Wave Is Still To ComeHaving a look at the Nasdaq and what I have been saying for the last few weeks seems to be a strong possibility at this point in time. This is still not confirmed as yet but the sell off towards the end of last week shows strong supply at the 61.8% Fib retracement level. I'm still not keen to sell into this but should wave three play out, I will be looking for buy entries from the 12000 mark. Interesting that the third wave target would put us at both a 30% retracement from ATH and a 50% Fib retracement from the high and last swing low in March 2020. Happy Trading! Linton
TVC:NDQ
by Linton_White
2
BTC, NDXT, and DXY at a CrossroadsPreviously, I’ve demonstrated stepping-stone descending horizontal Wyckoff re-distribution trading ranges for BTC. The fact that the BTC price action broke the trading range support to the downside for a sustained period of time supports the notion of a re-distribution trading range. I opened a short position near the trading range support ($41,313). Since then, my first target of $37,400 has been hit. Based on an analysis of the Phoenix Ascending (PA) indicators (bottom panel), I expect an upthrust toward the trading range support followed by downward price movement. Short position open: $41,313 Take profit target #1: $37,400 Profit/Loss (%): 9.44 Significant bars, which help define important areas of support and resistance, are given by the blue shading. The blue arrows point to volume spikes. Wyckoff abbreviations: automatic rally (ARa), buying climax (BC), selling climax (SC), secondary test (ST), upthrust (UT), failed upthrust (FUT), last point of supply (LPSY), shakeout (SO), sign of weakness (SO), Phase A (Ph A), Phase B (Ph B), Phase C (Ph C), Phase D (Ph D), Phase E (Ph E).
BITSTAMP:BTCUSDShort
by Eightchains
3