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NASDAQ 100 CFD

NASDAQ Analysis Hi Everyone, Happy New Year. Hope you all had an amazing holiday. Looking at nasdaq I can see this market is about to drop. It is still go higher and higher. Again today it made a new high. However when we get build up like this, it eventually tips. Bulls- Next target for the buyers will be 13100, It may come back for a retest to 12921 before carrying on or may just be a fake break out and taking all the buyer out ready for a big bearish movement. Will wait for New York market if you haven't already entered. Bears- If the market does drop our target for the bears will be 12971. If we get a break here, the upward trend will break bringing market to 12463 or even 12236.
OANDA:NAS100USDShort
by Tradeofgrey
NDX DOES IT PIVOT HERE?I'm observing some interesting trends on this NDX renko chart. Take a look at my lower wavetrend indicator and the simple, yet remarkable, patterns that exist. This chart goes back 10 years but I really want you to focus on the giant ascending broadening wedge (aka megaphone) from 2018 until now. I see this area as a potential pivot but we're just as likely to melt-up, even if we do have another correction. I'd love to see a #6 of this megaphone but I'm not certain of that. If the NDX eventually breaks above this pattern then it will most likely soar similarly to 1999-2002. This seems absurd but it's not unlikely considering the ingredients baked into our current monetary cake. I will consider a long hedge (2023+) calls in QQQ if we can have another nice correction but I don't like the risk/reward of going long here. Let's see if we can get another nice pull back.
TVC:NDQ
by gghsusa
3
NAS100 Analysis Hi Guys, We had a beautiful drop this morning on nasdaq bringing price down to 12460 one of our key levels. We can see a double top formed and we may see the bears continue bringing price back to 12460. A break there will bring it down to 12316- 12094. As for the bulls next target will be 12787- 13000. This week will be very interesting especially with all the uncertainty with coronavirus. We may finally see a break of the current bullish trend. Key levels are so important as they will be your guide to your entries. If you key levels are wrong you entry will be wrong, you will end up entering too early meaning stop loss hit, or too late where you missed it. After you get your levels most people don't know what to do with them. You need to find techniques that work for you. All those who have done my course trade in my style and have been very successful. It simple strategy anyone can use- you don't need years of experience to be profitable. All the best this week guys
OANDA:NAS100USD
by Tradeofgrey
NAS100 AnalysisHi Everyone. Nasdaq is currently approaching 12656 zone where price had come only last week at new high. The market will either break this new resistance pushing price higher or respect it and let the bears right back in. If we get a break, our next new target for bulls will be 12821 according to the channel, as we are still in a upward channel and it has respected it so far very well. However if we fail to break through this zone we can see the bears push the price back down to 12463- 12318. Tip: This may create a double top pushing price right down. So far double top formation looks perfect- only missing the right leg. Again Nasdaq new highs are in its genes. So prepare, have strategy in place and follow it. Don't trade blindly- Nasdaq can make you a winner if you trade it correctly All the best guys.
OANDA:NAS100USD
by Tradeofgrey
1
NAS100 AnalysisHi Guys, hope you all had a great weekend. A quick update on what is happening on NASDAQ on the daily. We have been around this 12200 zone for last few days and its a very strong support area. For the bears to really come in we need a break out of this 12200 area. As for the Bulls if they continue we can see more new highs. The market is currently consolidating so lets Prepare, wait and execute!!! Monday Motivation!! Nasdaq is a very good pair to make very good money. Your weekly target should be minimum 400 pips profit, which can be easily achieved through NAS. If you are not profiting and losing money you should stop, and see what you are doing wrong. From my experience I can say the ones that succeed and flip their 1000 to 10,000 to 100,000 to 1 million is the one who know when they are doing something wrong they seek help to improve and better themselves. The ones that gamble, this market will turn you into a gambler to the point it becomes an addiction. And you will never make any money instead you will lose everything you ever worked for in the outside world of trading. I have met people who even lost their family due to addiction hence I always advice people of gambling. So please don't ever let yourself get there! If you need help, Seek help.
OANDA:NAS100USD
by Tradeofgrey
1
NAS100 Analysis Hi Guys. So last week was great, we broke through previous highs to make new highs and it moves with some very good momentum. However after it made new high it has been consolidating and doesn't really know what to do. Its been a great battle between the bears and bulls- a lot of long wicks everywhere stopping traders out the trades. Im hoping to see some good stability in the market this week. Currently the market is still consolidating and we can see a triangle has been formed aswell. For the bears it is pretty simple, a break of 12442 and we can seen as come down to anywhere between 12377- 12227. If we manage to break this channel down and we get confirmation it has broken then we may see some bearish trends. As for the bulls we can see 12537 has been a very strong area of resistance however it may eventually break pushing price to 12657 - 12750 Advice for this week: Have a plan- a fool with a plan can beat a genius with no plan. It is very important to know where the market is going and be ready to execute with the correct calculated risk. To be a wealthy trader, you must learn first to love the money you have. If you have no care or love for the capital you have then you can never succeed to make more money. Protect the capital, and that capital will one day make you a millionaire!!!.
OANDA:NAS100USD
by Tradeofgrey
4