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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: BULLISH FALLING WEDGE PATTERN.Hello traders, today I am gonna share a NASDAQ update with you guys. This is my first ever update on NASDAQ and I am super excited to share this valuable information with you all. Timeframe: 1 Day. Description: Nasdaq is the second-largest stock exchange in the world. Nasdaq, which is an acronym for the National Association of Securities Dealers Automatic Quotation System, was established in 1971. The US-based exchange is also the first-ever electronic stock market in the world. Update: Back in Nov 2021, when NASDAQ hit its ATH at 16767, we saw some drastic fall on NASDAQ. A straight -33.6% drop in the last seven and half months. NASDAQ has been under the falling wedge pattern for a while and in the recent move when NASDAQ got rejected from the resistance level of 12200 (Lower High), it did not make any lower low level, rather the candle closed above the previous lower low level (11068). This could be a sign of trend reversal where the falling wedge will turn into a rising wedge pattern. RSI: The RSI on NASDAQ has been below the level of 50 for quite a while. It has been constantly getting rejected from the middle level of the RSI keeping NASDAQ under the oversold area. Conclusion: If NASDAQ manages to reverse the trend then I expect a bullish rally to start soon. I am expecting a 60% rally if NASDAQ breaks above the resistance level. The yellow-colored lower trendline will be the invalidation point for NASDAQ. Note: This chart is completely based on technical analysis. It is not a piece of financial advice. So, do your own research before investing. What are your views on NASDAQ? Do you think NASDAQ is ready to make a bullish rally? Let me know your thoughts in the comments. I hope this idea will be helpful to you. If you agree with this idea then do like and comment. Thank you.
CME_MINI:NQ1!Long
by Dexter_The_Trader
18
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.
ULong
by shivam94_007
Did NASDAQ potentially hit bottom?!NDX just hit and bounced off a major support level. Over the last 18 years, as shown in the chart, this support level has proven to be a historical pivot point for the Nasdaq index. As per the attached chart image, every time the index hit this support level (150 MA on weekly candles), it has bounced off the moving average, and reversed into either short term or long term bullish trend. You can watch our full video explaining this by clicking on the link below. In addition the Stochastic indicator is telling us that the NDX is oversold and overstretched, and is due for a rebound rally at minimum, or potential change to a bullish momentum.
NASDAQ:NDXLong
by BojanCerberus