NQ one hour time frame has created an up channel. I am looking for a low price near a known level of U-turn before looking for long opportunities on NASDAQ 100
Sorry for the slow updates, really haven't been paying much attention to the market lately. ES and NQ went oversold premarket, expecting this to move up Monday and Tuesday premarket. NQ chart looks similar, so posting just this one chart. Staying cash for now.
NQ MFI went overbought and promptly sold off. Good chance it hits the next line below next week.
Move today was good, but not bullish enough. We might lag, but not bullish yet. Not changing the outlook yet, flat to bearish.
If price loses the Hull MA after breakdown now of rising wedge then look for a big red candle I have been in this position for last few days waiting for the big move. See previous links 💜 Ms Bunny
MFI and RSI now oversold, but usually when it breaks one trendline it breaks two. I think it gets rid of the oversold condition then drops again.
The markets follow the channels like train tracks, use them like support and resistance to guide you
Trend: Daily/Weekly/Monthly: Up/Up/Up #NDX made ATH at lower volume but well so what? We opened below my bearish line 14005. What can be a trigger for a sell? The only probable I can think of is crypto buyers losing it all. 3 scenarios: 1) Asian opens and we sell, further, possible pullback in European session but we must close US below 14005. Selling continue...
So I did make okay profit on last NQ drop (see setup below) but not as much as I target for. So now I will try again. Bearish signals as follow: - rising wedge - double top - negative MACD divergence - Resistance and double top at monthly high - bearish confirmation of spinning top candlestick (4h candle that made high of day) If price breaks down out of rising...
This chart hopefully self explanatory. NQ has a way of going more higher just when you think it can’t happen. But I will take this set up 9 out of 10 times always. Just use stop and you will be okay. Happy trading!
I do not see much upside potential for NQ. Most people think we have seen the high though and contrarian views often win out. So be careful! But what is see is down side move. -Rising wedge is likely bearish sign. But be prepared DP to take a position if it breaks out from top of wedge line. I don’t think this will happen though. - negative divergence on MACD...
NQ short term bearish on tech here. expecting a nice pullback and a buy the dip opportunity on tech stonks within the next week. the setup here is simple: every time nq goes outside of upper BB, as expected per BB definition, a nice correction follows %R indicates current overbought conditions on not only daily time frame, but weekly and monthly as well. ...
if nasdaq break 15min chart trend (or low) dont fear to inter sell with sl=high tp1=13300 tp2=fibo61% (wait time 10 day) we advice on germany dax FDAX1! looking for sell too ,on gold ,silver looking for buy too
Short term Elliott wave in NASDAQ suggests that the cycle from March 05, 2021 low is unfolding as an impulse sequence. Up from March 05 low, the rally to $13287.25 high ended wave (1). Down from there, the pullback in wave (2) unfolded as a zigzag structure where wave A ended at $12681.75. Wave B bounce ended at $13172 high and wave C ended at $12609.42 low thus...
In this video I show you how I used the Opening Range / Initial Balance indicator for a winning trade of 100 points on the NQ. Please hit the LIKE button if you enjoyed this video and got value from it.
This is a set up that is easy as it comes. An rising wedge that break down. You can sell here or wait to retest again lower wedge. Very big profit target at demand zone at around 1715 or more carefully at 1721. Sorry for my English. But I am tired of using Grammerly. Good luck trading! Please give thumbs up and follow if you like my ideas! Ms. Bunny
NDX looks set to resume its long-term uptrend with a target over 15,000 in the next few months. If one looks at the behavior of the NDX after a sizable correction (evidenced by the 10/50 EMA daily cross), a pullback should occur back toward the 50 EMA level soon. This would equate to a retest of the 13200 area before resuming higher. No guarantee but just a...