⭐️ NASDAQ’s Roller Coaster : A Week of Ups and Downs, More Fall?After examining the NASDAQ chart on a 4-hour timeframe, we noticed that the price, following our previous analysis, experienced a drop of 170 pips and managed to correct to 17,970. Subsequently, it regained demand and moved towards the second supply zone. Today, as the NASDAQ index reached 18,250, we witnessed a significant drop from this level, with a decline of 160 pips down to 18,090. It is likely that we will see further declines in the NASDAQ chart in next week. I hope you have made the most of this analysis this week!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Us100
NASDAQ INDEX (US100): Bullish Rally Continues
As I predicted earlier, US100 keeps growing.
Analyzing the index today, I spotted a strong
intraday bullish confirmation.
After a strong bullish impulse, the market started to correct
within a symmetrical triangle formation.
A breakout of the resistance of the triangle signifies that the
correction is over, and that the market returns to a bullish trend.
I think that the Index may reach 12285 level soon.
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NASDAQ on the most important level that will determine the trendNasdaq (NDX) easily hit our 18000 Target, which we set 2 weeks ago (April 23, see chart below):
That was the top of the Channel Down and 0.786 Fibonacci retracement level. As mentioned this is an important Resistance level as during the previous correction of the 1.5 year Channel Up (which bottomed on October 26 2023), the 0.786 Fib was the level that rejected the first upside attempt (on September 01 2023).
As a result, we are willing to buy again only if the index closes a 1D candle above the 0.786 Fib, in which case we will target 19950 (the 2.0 Fibonacci extension). Until that happens, we have to consider the probability of a rejection on the 0.786 Fib stronger, thus turn bearish, targeting 17000 (just above Support 1). The risk is low on that trade as we will take the loss the moment a 1D candle gets closed above the 0.786 Fib.
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NASDAQ INDEX (US100): Intraday Bullish Confirmation
After a breakout of a key horizontal resistance,
NASDAQ retested that and formed an ascending triangle on an hourly time frame.
A bullish violation of its neckline is an important intraday bullish confirmation
and a clear sign of strength of the buyers.
We can anticipate a growth now at least to 18100
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NASDAQ BREAKOUT ON SUPPORT, EYES ON BEARISH FLAGNASDAQ has confirmed an important level breakout recently. Here we witness a breakout and pullback on the major demand zone identified under the hourly timeframe. Here we also identified an important bearish flag formation, which is likely to create another dip towards the bottom level of support created.
Dow Jones Index (US30): Important Breakout
Dow Jones formed a huge double bottom pattern on a daily,
after a quite extended correctional movement from all-time high.
The price turned very bullish on Friday and broke a solid horizontal resistance.
The market may start recovering now.
Target - 39000
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N1We had some good trades.
WEEKLY
We've pulled back and had some interesting price developments. Moving towards more of the structure we see and prefer price to get to.
DAILY
We had an evening star at the top of this correction structure which is what gave us more evidence to move towards the downside. The pullback is giving us a different story and we need to take what the price is giving us in order to plan the next move.
4H
We've had multi touches within our correction and we had a very strong doji where price tested but could not break.
1H
Stay waiting.
AAPL:A Bearish Reversal Looms with Potential Downside of -9.22%?Hi Realistic Traders, let's delve into the technical analysis of NASDAQ:AAPL !
On the Daily timeframe, we've spotted a significant double-top pattern , suggesting a potential bearish reversal if the neckline is breached. Also, the price has fallen below the EMA200 line, indicating ongoing selling pressure. Despite two attempts, it hasn't managed to break above the EMA200 line, indicating strong resistance. This resistance could lead to a potential downturn in Apple's stock. Recently, there was a breakout below the neckline, confirming the bearish trend. Furthermore, MACD is showing bearish divergence in the negative zone, supporting the idea of a downward movement towards our target at 149.55."
It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on AAPL."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
NASDAQ One final dip left before it bottoms?Nasdaq (NDX) started the week on a bearish not and is correcting the last 1W candle, only a few hours left before the Fed Rate Decision. This is fundamentally the game changer for stocks, any hint towards cuts in the near future should have a strong positive effect on the markets.
Technically though, the long-term Channel Up pattern that started on the December 2022 Low has a base bottom on the 1D MA200 (red trend-line) - 1W MA50 (blue trend-line) Zone. In fact, both corrections/ Bearish Legs of the pattern, hit at least the 0.382 Fibonacci retracement level before finding Support and reversing upwards.
The 0.382 Fib is currently at 16800, any negative remarks during Powell's press conference can quickly and effortlessly hit that level. Even the 1W RSI suggests that we might be on a Lower High similar to the week of October 09 2023.
Whatever the outcome, those are levels good enough to buy for the long-term as the upside potential is significant and our personal Target is 20500 (top of the Channel Up).
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NASDAQ: Insights into Recent Price MovementsFollowing its ascent to approximately $18,451, the NASDAQ Index underwent a notable downturn, descending to the vicinity of $17,000 by April 22nd. In the aftermath, a bullish resurgence ensued, marked by a retracement phase wherein the price remained confined within the 50% to 61.8% Fibonacci levels. Notably, this retracement phase coincided with a notable resistance zone, with the added reinforcement of the 200 Moving Average on the H4 timeframe. Additionally, discernible signs of a divergence on the H4 stochastic indicator and an overbought condition have emerged, suggesting the potential for a forthcoming bearish opportunity for traders. Given the concurrent retracement trends observed in the DJ and S&P 500 indices, there exists a forward-looking anticipation for a more pronounced retracement within the NASDAQ, presenting a promising prospect for traders to capitalize on this evolving scenario.
NASDAQ100 - US MARKETS UPDATEInvesting isn't always that easy, heh?
Especially in Bear Markets, the market circumstances seem to trick one into thinking, that the next bull run will happen soon.
The Bull is climbing up the stairway and it takes a while, whereas the bear jumps out of the window.
Looking at YTD 32.88% decline as of 27.06.2022 in the US TECH 100 is one of the worst Q1 and Q2 in the history of US markets.
Inflation is at 8,6% in the United States (10.06.2022) and around 7.5% in Europe. The western world faces a huge backlash after rising the interest charges by 0.75 percentage-points to a range between 1.5%-1.75%.
Covid-19 is still around and has sluggished the world economy and growth view for the past two years.
Facing climate change may be one of, if not the biggest threat of the 21. century and the Ukraine conflict does not make it look better at all:- )
All the Quantitative Easing and Printing money have led to massive inflation all over the place. The only real solution is to simply "produce more".
Sounds easier than it's done, with a view to collapsed supply chains.
Chart:
RSI is at lows forming a triangle, indecision. 200MA is a good trivial indicator to get a minimum idea of the AVERAGE price of this derivate.
I think a retest of 14.500 is in play, after which the bear market could continue.
I think we have not seen the bottom here, since the real sell-off hasn't happened yet.
Being liquid in dangerous times is the best thing you can do and is actually the only way to really make some money.
So, catching a falling knife is always a risky thing to do, but if you catch it, this could change your life.
These kinds of opportunities are not that often in life, maybe once in a lifetime or once every one or two decades.
The NASDAQ doubled in on year, literally mooning, due to the printed money, which was flooded into the markets, to catch the markets and secure a fluid economy, but guess what, we have used our last gun powder, and no we are facing the costs of this two-year printerage.
It was necessary, but the consequences are real and in my personal opinion, most of the stocks are overpriced. I'm just gonna say it, they are OVERPRICED. Especially tech and housing market looks bubbly and an honest recovery after a healthy bull market from literally the 2008 crisis.
So I think we can go down and test the highs before the Covid-19 Crash (16.03.2020) at around 10.000 points.
I feel like September could be a stop to raising rates, which would lead to more upside, but IF we somehow manage to find a bottom and to not test lower levels, highs as 20.000 until 2024 is absolutely in play!
No one knows what will happen, so my personal bet would be bearish until the market, the government and the economy gives massive positive signals to the public, to reenter a bull market.
Until then i personally stay bearish and stay liquid. I try to average in an amount here and there from time to time. At one point it will turn because everything comes to an end at a certain point.
All right, if you made it until here, thanks for reading!
Take care,
gqt
Forecasted to Reach New All-Time High with +14% Upside PotentialHi Realistic Traders, let's delve into the technical analysis of NASDAQ:GOOG
Google has rebounded three times on the EMA200 Line with upward impulsive movement, indicating a continuation of the bullish trend. Additionally, it has formed a bullish chart pattern known as a falling wedge pattern. In March 2024, it broke out of the falling wedge pattern with a bullish full-body candlestick and higher-than-average 7-day trading volume . This higher-than-average trading volume is significant as it suggests increased market participation and conviction behind the price movement, reinforcing the validity of the breakout. Moreover, the MACD has made a bullish crossover, signifying a shift towards upward momentum. A bullish crossover in the MACD is a crucial signal in technical analysis, indicating a potential reversal from bearish to bullish sentiment. This occurrence is significant as it suggests strengthening buying pressure, often foreshadowing further upward movement in the price. Analyzing these technical factors, we forecast a potential upward movement to our designated target.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on GOOG."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
NAS100 (NASDAQ / US100) Technical Analysis and Trade Idea The NAS100 has broken market structure (bearish) on the 1W and 1D timeframes. Currently we are seeing a bullish rally on the 1D and 4H US100 into a key resistance level. In the video, we meticulously assess the prevailing NASDAQ trend, market structure, and price behavior, deliberating a prospective buying opportunity.
It's important to note that the information shared is intended purely for educational purposes and does not constitute financial advice. Trading entails inherent risks, underscoring the criticality of implementing robust risk management protocols consistently.
Nasdaq: Analyzing Recent Trends and Potential ResurgenceIn the most recent trading session, the Nasdaq, mirroring the broader trend observed across major US indices, underwent a significant retracement following an extended period of bullish momentum throughout the year. The Nasdaq's price descended to a demand zone situated approximately at the 50% level from the preceding swing on the daily timeframe. Subsequently, following a rebound around the $17,000 mark, indications suggest a potential for a renewed pullback, signaling a possible resurgence in the uptrend. We are currently considering a long position, having already initiated one, and are also contemplating a buy limit order should the retracement deepen further.
US100US100 is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price has given the massive breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 17850
What you guys think of this idea?
NASDAQ Relief rally to 18000 ahead?Nasdaq (NDX) finally hit yesterday our long-term bearish Target (17130), which we called a while ago (March 12, see chart below) but was postponed due to the Double Top formation:
The index is now on a mixed sentiment as even though it is on a correction sequence below the 1D MA100 (green trend-line), the 1D RSI hit the 30.00 oversold limit as this Bearish Leg almost completed a -8.50% decline.
During the previous Bearish Leg of the multi-month Channel Up pattern, the index had a relief rally towards the 0.786 Fib, after an initial -8.50% decline. We can see that this took place on the 0.3 Fib (blue) from the top.
As a result we expect a short-term (at least) bounce to 18000. As long as the index doesn't break above the (blue) Channel Down and in particularly close a 1D candle above the 0.786 Fib (18150), we can expect a Lower Low after this relief rally. If it does close above it, we will resume most likely the long-term bullish trend earlier and we will update our position.
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