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Ndxlong

A bullish case for the Nasdaq 100The weekly timeframe has been slowly developing a bullish structure. The retracement from the all-time high stalled at a 61.8% Fibonacci ratio (from the pandemic low), and prices have since rallied to trade above the previous cycle high. OBV (on balance volume) is also confirming price action high. A recent pullback from the March high has stabilised above the 200-week MA and a small bullish candle formed last week. The daily chart shows an ABC correction which was completed with a bullish engulfing candle. Prices rose above the 20, 50, 100 and 200-EMA's and now pulled back to gap support. Given the Nasdaq has only fallen -0.6% this week despite the negative sentiment from potential Fed Hikes, it is holding up pretty well. SO if sentiment improves, the Nasdaq may go on to outperform its Wall Street peers. - The remains bullish above the 11,830 low and for a retest of the 12,880 highs - If prices can hold above gap support, bulls could consider tighter risk management
NASDAQ:NDXLong
by CityIndex
NQ short term bounce wolfe wave setup identifiedThere is a wolfe wave setup on the 78 min time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 11500 which coincides with the 6 day ma. The ETA is defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection line which is the line that extends from left to right.
CME_MINI:NQ1!Long
by TOSOPTION
Bullish NASDAQ WOLFE WAVE SETUPThere is also a bullish wolfe wave setting up on the 4hr and 3D time-frames which all can be used for supporting evidence that a strong rally is nearing. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the line perforated line, as shown in the chart. If we extend a vertical line from the apex to the perforated target line, the time and price meet on Nov 29, 2022 at 14400. This is a very aggressive time and price target; however, there is a gap open at $13225 and it will most likely fill this year, so I expect the midterm elections along with tax loss selling and christmas rally into january effect will all contribute to a strong rally. I hope the analysis serves you well and you remain on the right side of the market.
CME_MINI:NQ1!Long
by TOSOPTION
Nasdaq possibly could move up by 6-8% in coming days***CME_MINI:NQ1! Nasdaq hit weekly support around 11100 $ . *** denotes the following conditions, following its completion, we can expect a rally back to 12100$. .. - Completion of head and shoulders pattern. - We also see positive RSI divergence on the charts along with tag of a weekly demand level, so the probabilities of short term reversal are high. To enter this trade, I would wait for : - Nasdaq to break out and confirm above our neckline trendline (green flag). - SL is the breakdown of the neckline.
BLACKBULL:USTEC.FLong
by shivam94_007