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Nq_f

NQ 4HR - Double Bearish Harmonic PatternsFirst of all - this is my first published idea, so I don't want anyone to trade based of this idea blindly. Second - I know history does not always repeat itself. Doing some early prep for next week I noticed these two harmonic patterns formed on the 4HR NQ chart. I normally do not trade based off of harmonic patterns, (don't know if these are gartley, butterfly, etc) but they looked so similar in time and precise formation that I had to post. Hoping someone with more experience - especially with harmonic patterns can comment and advise of their thoughts or ideas for confirmation.....thanks! --IF the corrective wave plays out similar to first, this has potential for 800+ point drop--
CME_MINI:NQ1!Short
by cdmoon44
SPX | NAS |USOIL Immediate trade references 22SEPWe have failed to hold lower and have seen a bounce and hold of those levels. SPX key areas is 3280F, Bullish on hold above and bearish below. Hold above 3280 for a test of 3308/ 3324 Hold below 3280 for a move back to 3250 ----------------------------------------- NAS 10955 key reference areas, Has been the stronger of the two hence will expect to lead the way for longs. Will look for a test of 11140 & 111240 Hold below 10950 will look for a rotation and traverse yday range of 10850/ 10790 & Lower ---------------------------------------- USOIL is looking bearish for a hold below 40.40-40.20 regions. Hold below that will look to trade bearish for a move back to 39.50 and lower. swing targets remain at 37.50
FX:USOIL
by PowerTrades
7
Elliott Wave View: Nasdaq (NQ) Looking to Extend HigherElliott Wave View of NASDAQ (NQ_F) suggests the Index ended the cycle from August 12 low as wave (1) at 11437 high. The pullback in wave (2) unfolded as zigzag correction and ended at 11221.50 low. The index then continued to rally higher in wave (3). Up from August 20 low, wave 1 ended at 11722.50 high. The subdivision of wave 1 unfolded as 5 waves impulse Elliott Wave Structure. Wave ((i)) ended at 11336.75 high and wave ((ii)) dip ended at 11267 low. Index then extended higher in wave ((iii)) towards 11524 high. Wave ((iv)) pullback then ended at 11407 low. Finally, wave ((v)) higher ended at 11722.50 high. This final move completed wave 1 in higher degree. Afterwards, Index corrected within wave 2, which ended at 11528.42 low. From there, Index resumed the rally and extended higher. Currently, wave 3 is in progress and can see a few more highs before ending the cycle from August 24 low. This would be followed by wave 4 pullback later in 3,7 or 11 swings. While above 11528.42 low, expect the dips in 3,7 or 11 swings to continue to find support for more upside.
CME_MINI:NQ1!
by Elliottwave-Forecast
Elliott Wave View: Nasdaq Attempting for New RecordNasdaq (NQ_F) 1 hour chart below shows that the Index has ended the correction from July 13 all-time high. The pullback unfolded as a flat Elliott Wave Structure. From July 13 high, wave (A) ended at 10358.75 low. The bounce in wave (B) ended at 11058 high. The Index then extended lower in wave (C), which ended at 10301.91 low. This completed wave ((2)) in larger degree. The correction reached the blue box area, which is the 100 – 123.6% extension of wave (A)-(B). From that blue box, the Index has turned higher. This allows buyers at blue box a risk free position. Up from wave ((2)) low, the Index rallied higher in wave (1). The subdivision unfolded as a diagonal Elliott Wave Structure. Wave 1 ended at 10531 high and the pullback in wave 2 ended at 10381.25 low. Afterwards, the Index resumed higher in wave 3, which ended at 10635.75 high. Wave 4 dips then ended at 10511.50 low. The final push higher in wave 5 ended at 10758.50 high. Afterwards, the Index did a pullback in wave (2), which ended at 10502.75 low. The Index has resumed higher and has broken above previous wave (1) high, confirming that the next leg higher in wave (3) has started. As long as 10301.91 low stays intact, the dips in 3,7 or 11 swings is expected to find support for more upside. However, the Index still needs to break above July 13 peak in order to avoid doing a double zig-zag correction.
CME_MINI:NQ1!
by Elliottwave-Forecast