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 :)
Nq100
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.
if you enjoy my analysis, please like comment and subscribe.
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.
Ndx Watch Hour... A New Bearish Pull?According to the chart below, you can tell that you need to actually watch this clip to get it right?...
Anyway, last week was bearish and now we're seeing what looks like a double bottom the question now is---Are the bears done?
Well, that depends on the Higher low at 15300 right?
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Ndx: 16000 Is The MarkHey y'all, so---I'm still waiting for the train Cos' honestly it's been a bit confusing. The over-all trend is still bullish but, I need to buy at a good price. The nasdaq100 isn't giving that. The hour-4 kind of gave a great pull that I missed out on. Well, that's the disadvantage of my strategy You miss it, you got to wait for another train.
16k is still my mark. It determines the next step!
In this video, I explain all that I'm expecting. Be sure to watch the whole clip!
If my work is something you admire, be sure to leave a like, comment and follow.
I'm forever grateful!
$NQ, NASDAQ 100. NASDAQ 100 should begin the C wave correction down now that the B wave bounce looks finito.
Ndx: Wick Fill Or NotSomething great happened to me---I lost a trade but the reason I said it's great is---it revealed to me what I needed to do personally. My ego and intuitions get the best of me sometimes. Which I know I need to work on.
Either way, I also took the trade because of a daily wick fill I believe might happen. Not expecting though I'll just wait for the market to decide...
Then again, let me remind you of the kevels.
Bulls---17200, 16400 and 15600 (mid)
Bears--14400, 14800 and 15200 (mid)
The bulls are at the strong stick now but since there's a wick, the bears might just be back...
Remember, this is my journal so I post everything and talk about everything.
Follow me to be more enlightened or not if you think trading isn't for you. The question is, are you honest with you?
I'm brutally honest and the truth hurts so only follow me for the truth... That wasn't even ego speaking but you get it though.
Ndx: What The Side Channel Sayshey y'all we're currently in a channel... "side-channel" with 16000 serving as the mid, 16771 top and 15580 it's bottom.
Be sure to use this as a guide.
In that---if the 16000 serves as a resistance, then these bears would be back and vice-versa.
In this video, I explain all that I'm expecting. Be sure to watch the whole clip!
If my work is something you admire, be sure to leave a like, comment and follow.
I'm forever grateful!