NASDAQ: Channel Up topped. Opportunity for short term selling.Nasdaq turned bearish on its 1H technical outlook (RSI = 38.742, MACD = -3.920, ADX = 40.192) as it crossed under the 1H MA50. This comes after almost an exact touch at the top of the September Channel Up and while the 1D timeframe has gone from bullish to almost neutral. The last two rejections at the top targeted at least the 1.236 Fibonacci level on the pullback. That is what we aim for on the short term (TP = 20,250).
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NASDAQ 100 CFD
NASDAQ Ready for an impressive finish of the year.Nasdaq (NDX) is coming off a 4H Golden Cross, the same kind if formed on November 08 2023, straight after the bottom of the 18-month Channel Up. As the 1D MA200 (red trend-line) has been in strong support of this Channel Up, the index is now on a similar Bullish Leg (blue Channel) as the one that started 1 year ago.
We are at the stage were after a roughly +20% rise from the bottom, the short-term Bullish Megaphone tested and held the 4H MA200 (orange trend-line), which based on the January 2024 fractal, could initiate the 2nd Phase of the Bullish Leg.
The previous one peaked on a +31% rise, so we expect the index to reach at lest 22000 by the end of the year.
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Russel 2000. Rejection at the top, correction on the way?Probable correction on the RTY Russel 2000 index. Rising wedge and failing to break the prior top.
Support on every fibo level to the downside, with an ultimate floor on the monthly lower Mogalef bands the long term sideways channel, and the very long term trend line, all around the 1,600 area
nasdaq falltoday as seen in the chart.
we tested the bottom of the range and wherent able to move with enough energy to the upside.
in the american sesion today we dditn ake a new high.
i see weeknes in the market.
entry in blue.
target in green.
to be able to take the win you also have to be able to the loss.\
have fun
Elektra
NASDAQ Tight buy on the support level.Nasdaq / US100 just hit the Rising Support of October.
This is the level where the late September correction bottomed and a new bullish wave started.
Initially it hit the 0.618 Fibonacci level and then pulled back to the Rising Support again.
With the 1hour RSI deeply oversold, we see the current level as a strong buy opportunity.
Buy and target 20280 (Fibonacci 0.618).
Previous chart:
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NASDAQ: Approaching lower supports. Two levels you can enter.Nasdaq has turned neutral on its 1D technical outlook (RSI = 52.116, MACD = 179.950, ADX = 45.004) as it failed to make a new High above the LH trendline and is being pulled down towards the 4H MA200 and 1D MA50. Those two are the major support zone and buy entry. But before that, the first is where the price is right now, at the bottom of the dotted Channel Up. The 4H RSI is almost on the S1 level (33.50), which has been the buy signal for October.
So the first buy entry is now, aiming at a +4.50% increase (TP = 20,950). If it fails, add another just over the 1D MA50 and take profit on both after again a +4.50% price increase (TP = 20,650).
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Trump Media Surges! TP1 & TP2 Done – More Targets in Sight!DJT (Trump Media) on the 15-minute time frame, long trade.
Entry: $28.64
Current Price: $34.33 (TP2 hit)
TP1: $30.81 (Hit)
TP2: $34.33 (Hit)
TP3: $37.85
TP4: $40.03
Stop Loss (SL): $26.88
With two targets already hit, the momentum suggests we could see the next targets getting hit soon!
NASDAQ can explode to 25000 if the 1D MA50 keeps supporting.Nasdaq (NDX) appears to be coming off yet another short-term consolidation (ellipse pattern), the kind of accumulation it is accustomed to while trading within its 2-year Channel Up.
As we have established in previous analyses, the index is on its 3rd Bullish Leg of this pattern following the August 05 bottom (Higher Low) on the 1D MA200 (orange trend-line). When the same consolidation took place in the previous two Bullish Legs, the index remained supported by the 1D MA50 (blue trend-line) and went off to complete a rise of +49.50% and +47.80% respectively. The 1D RSI fractals of all those sequences, also display amazing symmetry.
If the rallies are on a decelerating rate, we can expect the next one to hit at least 25000 (+45.50% from the Aug bottom). As you can see, the Higher Highs of the Channel Up tend to form after the Sine Wave tops, while the bottoms are exactly on point.
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Can NVDA hit 200 USD in Q1 2025?🔸Time to update the NVDA trade setup, previously was expecting
a correction in this market, based on fundamentals we are definitely
overextended, however NVDA so far is trading purely based on momentum
ignoring the fundumentals. It's the star stock of the 2024 stock market.
🔸Previous strong uptrend, we broke above key psychological S/R at 100 usd. Right now we got a compression setup, expecting limited upside / pullback heading into US elections, having said that probably any downside beyond 115/120 usd is very limited. current floor set at 100/110 USD.
🔸Compressing into wedge formation, most likely we will break out
to the upside following a shallow pullback in November 2024.
Also November/December is a very strong seasonal period for US stock
market, so it's really hard to recommend short selling NVDA.
🔸Recommended strategy bulls: expecting pullback near 114/118 USD
in November going into elections, limited downside beyond 110 USD.
BUY/HOLD near 114/118 TP bulls is 200 USD, which is almost 75% upside.
Most likely we will reach target somewhere in Q1 2025, probably January.
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
UPSTART HOLDINGS Short Trade in Motion! Awaiting Profit TargetsTechnical Analysis: Upstart Holdings – 15-Minute Timeframe (Short Trade)
A clear short trade entry was identified at 51.67 for Upstart Holdings. The price is currently moving in the anticipated direction, and we are waiting for the profit targets to be hit.
Key Levels
Entry: 51.67 – The short position was initiated after identifying strong bearish momentum.
Stop-Loss (SL): 54.54 – Positioned above resistance to manage risk and protect against potential reversals.
Take Profit 1 (TP1): 48.13 – The first target we are eyeing as the bearish trend unfolds.
Take Profit 2 (TP2): 42.41 – A further downside target as selling pressure increases.
Take Profit 3 (TP3): 36.68 – If the bearish momentum remains strong, this is a possible next target.
Take Profit 4 (TP4): 33.14 – The ultimate target, signaling a significant downward move.
Trend Analysis
The price is trading below the Risological Dotted trendline, confirming a solid downtrend. With the entry in place, we are now waiting for the price to reach TP1 at 48.13 and beyond, depending on further momentum.
The short trade on Upstart Holdings has a promising setup with a clear entry at 51.67. We are now monitoring the trade as it approaches the first target, expecting further downside momentum.
Affirm Holdings Falls! TP1 Hit in Short Trade, Bearish MomentumTechnical Analysis: Affirm Holdings – 15-Minute Timeframe (Short Trade)
Affirm Holdings showed a bearish signal, prompting a short trade entry at 46.84. The price has already reached Take Profit 1 (TP1) at 44.84, confirming the strength of the bearish move.
Key Levels
Entry: 46.84 – The short trade was initiated after identifying bearish momentum.
Stop-Loss (SL): 48.47 – Positioned above resistance to manage risk and protect against upside reversals.
Take Profit 1 (TP1): 44.84 – Already achieved, confirming the effectiveness of the trade setup.
Take Profit 2 (TP2): 41.59 – The next target if the bearish trend continues.
Take Profit 3 (TP3): 38.34 – A further downside target should selling pressure remain strong.
Take Profit 4 (TP4): 36.33 – The ultimate target, marking a significant bearish move.
Trend Analysis
The price is trading below the Risological Dotted trendline, which confirms a solid downtrend. With TP1 already met, the continued bearish momentum suggests further downside potential.
The short trade on Affirm Holdings has started well, with TP1 already hit at 44.84. The next targets are within reach if the selling pressure continues, making this trade setup promising for further gains.
NASDAQ: Buy the next pullback and aim at 20,800Nasdaq is bullish on its 1D technical outlook (RSI = 60.111, MACD = 227.000, ADX = 44.293) and maintains a short-term Channel Up since September 12th. The price is currently under the Channel's median, which suggests it's a buy opportunity. We expect the next bullish wave to form a HH at the top of the Channel Up. Based on the previous bullish wave, we're targeting the 1.786 Fibonacci (TP = 20,800).
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NDX100/US100/US-tech Market Money Heist Plan on Bullish Side.Bonjour! My Dear Robbers / Money Makers & Losers, 🤑 💰
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WOLFSPEED Rallies! Long Trade Hits All Targets, Bulls DominateTechnical Analysis: Wolfspeed – 15-Minute Timeframe (Long Trade)
Wolfspeed demonstrated strong bullish momentum, with a long trade entry at 10.23 and successfully reaching all profit targets.
Key Levels
Entry: 10.23 – The long position was initiated at this level, marking the start of a strong upward movement.
Stop-Loss (SL): 9.75 – Positioned below recent support to manage risk and protect against potential downside.
Take Profit 1 (TP1): 10.83 – The first target was achieved, confirming the strength of the bullish trend.
Take Profit 2 (TP2): 11.80 – Continued momentum pushed the price to this level.
Take Profit 3 (TP3): 12.77 – The bullish rally extended further, reaching this target.
Take Profit 4 (TP4): 13.37 – The final target, signaling a complete and highly successful upward move.
Trend Analysis
The price has consistently remained above the Risological Dotted trendline, affirming the strength of the uptrend. The bullish surge indicates strong market interest, supporting further upward moves, though all profit targets have been met.
The long trade on Wolfspeed performed exceptionally well, hitting all designated targets. The final TP4 at 13.37 reflects a robust upward trend, well-supported by the Risological Dotted trendline. The sustained buying pressure indicates that the bulls have maintained control throughout the move.
Follow-up Update on NASDAQ - Down-move has started?This is in continuation from my weekend update on NASDAQ:NDX where I mentioned that we should likely be headed down from the upper channel line of rising wedge. Yesterday we got a negative daily close and in hourly timeframe, we can see clean 5 waves down. More in the video.
NASDAQ 100 Drops! Short Trade Confirmed, Eyeing First TargetThe NASDAQ 100 has confirmed a short trade with a strong bearish move below the entry at 20263.46. The price is progressing towards the first profit target (TP1), though it has not yet been reached.
Key Levels
Entry: 20263.46 – The short position was confirmed as the price broke below this level, signaling bearish momentum.
Stop-Loss (SL): 20378.68 – Placed above the recent resistance to protect against potential upside reversals.
Take Profit 1 (TP1): 20121.04 – The first target, not yet reached, but in close proximity as the downward trend continues.
Take Profit 2 (TP2): 19890.59 – The next target in case of continued bearish pressure.
Take Profit 3 (TP3): 19660.15 – A further downside target, aligning with the next support zone.
Take Profit 4 (TP4): 19517.73 – The ultimate profit target, marking a significant decline.
Trend Analysis
The price has broken below the Risological Dotted trendline, confirming strong bearish sentiment. The market is likely to move toward TP1 if the selling pressure continues. The downward momentum suggests further potential to reach deeper profit targets.
The NASDAQ 100 short trade is progressing well after confirmation, with TP1 at 20121.04 in sight. If the bearish trend holds, further downside targets are expected to be reached.
NASDAQ Channel Up with more room to rise.Nasdaq (NDX) eventually held the 1D MA50 (blue trend-line) and no significant correction took place, a development that should extend the uptrend within the 2-month Channel Up. Technically we are still on its Bullish Leg.
We have had two rallies so far within this structure the most recent +11.00% and the one before +15.50%. Assuming there is a declining rate on those by -4.50%, we can assume that the current one will peak at +6.50% from the October 01 Low, which is ideal as it gives a 20900 short-term Target exactly at the top of the Channel Up.
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xauusd h1 short from resistance tp 2635 usd🔸Hello traders, today let's review 1hour price chart for gold. Strong
V-shape recovery in progress off the recent lows, however heavy
overhead resistance will trigger a pullback from S/R levels overhead.
🔸Strong resistances at 2665 and 2675. key S/R bulls at 2635 usd.
currently getting overextended so it's recommended to focus on
short selling rips/rallies from overhead resistance.
🔸Recommended strategy bears: short sell from overhead resistances near 2665/75 SL 2680 USD TP 2635 usd. usd fixed stop loss for this entry at 2680 usd, swing trade setup may take more time to hit target. good luck traders!
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Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Dotcom Burst vs Tech Burst- i wanted to make this chart for long but i had to wait some confirmations, because i took an higher TF.
- Right now is really interesting to compare the dot-com bubble burst in 2000 versus the actual situation.
- like always i won't talk too much about FA because everything can happen in our world :
- Aliens destroy us.
- Putin push the red button.
- Meteorite hits earth.
- Jerome H. Powell printers no more electricity.
- let's back to the chart and i will try to make it simple :
- This chart is based on a 3 Months Timeframe, so 1 columns = 3 months.
- This graph is based purely on MACD and his Death Cross ( i will call it "DC" to short it)
The Dotcom Burst :
1/ in 2000, Nasdaq took a violent dip before MACD DC. ( 12 Months before ) ( Red Vertical Line )
2/ after that MACD DC, Nasdaq continued his downtrend but the dip started to be lighter for 15 Months. (Orange Vertical Line)
3/ The Storm was over in 2002 and Nasdaq started a consolidation to prepare his next parabolic move. ( Green Vertical Line )
The Tech Burst :
1/ The real dip happened already 12 months from now (Before MACD DC). ( Red Vertical Line )
2/ The MACD DC happened already 3+ months ago from now. ( Orange Vertical Line )
3 / We are still in a downtrend and not yet entered a recovery phase.
- What we can conclude is simple :
- When MACD Death Cross. The big dip is already behind us.
- Right now nothing is really different from 2000 in matter of TA, only the big numbers are different.
- " Mastering trading is anticipating movements, following the flow in real time means you are already late ".
Happy Tr4Ding !
PS : There's also something different in matter of time if u compare those charts. if you find it.. i will congratulate you !