Nq100
Ndx Watch Hour: Drop Base DropOn Friday, we got a double top pattern after the failed double bottom couldn't get past the 15050 in Nasdaq 100. The bears pushed past the 14200 zone with a bearish pull manifesting afterwards.
Today (pre-market) the bears keep leaving trails when a Drop-base-drop supply continuation pattern shows up, the question now is---where's the new supply zone going to be at and do we get a ride to 13030?
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Lazyluchi
Ndx Trade Review: Top 3 Lessons
Hey there, so last week was actually filled up with lessons. I discovered my weaknesses and applied my strengths. Lesson learnt. Watch to figure out which weakness was discovered.
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Lazyluchi.
NQ: Catching everyone off guard and ready to rocketI have rarely seen so many analysts on Tradingview turn bearish on NQ. Guess what... It is most likely a trap. The trendline is holding and so far the structure appears corrective - respecting the appropriate fibonacci retracements. This means there is a potential setup for a sharp move higher into 15,700 - 16,000 as long as the lows hold.
Today on the 4h, we have a bearish signal on the NQ !Today on the 4h, we have a bearish signal on the NQ, as you can see on the chart :
1. We have in red our support which holds well
2. We have the orange line which serves as resistance
If the NQ breaks the yellow rectangle our TP will be support.
Summary for today I will be short the NQ if the confirmations come in
NDX swing low?March 2021 swing low coincided with October 2020 resistance. Will January swing low coincide with Feb. 2021 resistance range? Next few days will be telling, watch out for 13720-13760 if we revisit again. It's still quite soon to call it but I cant imagine daily RSI's going down to 0 from here :)
NAS100 USD NQ1! NASDAQ 2022 FEB 07 week
NAS100 USD NQ1! NASDAQ 2022 FEB 07 week
Last week's trade from 14582 was good, with a test again of 14582 means those looking for a
long position again can do so should 14582 support become successful.
Possible Scenarios:
a) Price returns into previous rotation zone 14582 - 13635 = short at upper boundary resistance and and
long at lower boundary support
b) If price comes down on low volume, look for long opportunity on retracement.
c) if price advances on narrow spread and low volume, do not long, Rather prepare to short
on weakness.
This week's preference will be to long on pullback, but do look out for the
trap mentioned per (c).
Weekly = Average volume up bar closing at lower third of bar = Weakness
Daily = On the last daily bar price came down and managed to close higher, demand is present.
H4: Average volume Upthrust bar testing 14582 = If next bar closes lower, weakness is confirmed.
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
16767 16481 15992
15492 15160 14582
14462 13706 12955
12465
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Have a profitable trading week ahead.
Nasdaq - Huge WICK Daily Candle @ Support. Possible Bottom? Possible Bottom on Nasdaq? Looks likely... at least for now. Huge wick at the Support on the Daily Candle.
NASDAQ Price actionIs not supply and demand... chart pattern or harmonic pattern and no indicators :)
i dont use zone, but i use specific level.
i use fibs only to find equilibrium and OTE.
Currently price hovering arround mid level of parent swing, normally price will play in the middle of the range at FOMC week.
Find your liquidity, or you are the liquidity.
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Regards,
by "huntedortobehunted"
NASSIE, where do we go next?The market will be split between these 2 directions over the coming days and I can make a good argument for both though the bearish scenario looks a lot more obvious given the recent price action, technical breakdowns and hot inflation reports. Just remember, there's always a thin line between what the market makers make you feel will happen vs. what ultimately happens. We've seen some good examples of that since September 2020 already hence why it's important we don't lose focus on the bigger macro picture.
In a nutshell:
Ultimate bear scenario is for NDX to go as far down as 14385 and even 14030/13765 if 14950 and 14760 are consecutively lost. I personally don't believe this scenario will play out though it is a possibility I will be considering. The close today and tomorrow are crucial.
Ultimate bull case scenario is to find strong support around 14950/15000 on NDX however there are many headwinds ahead. NQ needs to recapture 15152, 15312 and 15415 to start building some short-term bullish bias. The real test and decisive moment for the index will be around 15550/15600.
We may have already started a bear market or we may be deflating the froth to enable bulls for the remainder of the year, I favor the later despite seeing new challenges and choppiness ahead.
NAS100 USD NQ1! NASDAQ 2022 JAN 22
NAS100 USD NQ1! NASDAQ 2022 JAN 22
Last week scenario2 Failure of 15492 short opportunity
was very fruitful.
Preference to short on pullback to test break down area.
Daily = High volume down bar closing on low =
weakness
H4: High volume down bar closing on low = weakness
17441 17070
16767 16481
15992 15492
15152 15992
15492 15152
14357 14060
12955 12465
Short on Test and Reject | Long on Test and Accept
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.