NAS100There isn't much I can say or do.
This is a missed trade from my eyes, it followed what my alternate view from US30 showed. It just happened earlier.
Right now any trades I can get from here will not be the most optimum RR but will still be worth the risk just probably not scalp traders.
It is heading for 16600
* 3 touches up, 3 touches down. In the channel its been in
* It broke the channel and retested
* continued downwards
* rejected 16865 (Showing the direct, downwards)
* wait for opening to get last confluence before looking for sell entries
TP1 = 16760
TP2 = 16680
TP3 = 16600
Us100
NASDAQ: Breached the 4H MA50. Sell signal.Nasdaq just crossed on the current 4H candle under the 4H MA50, which has been the short term Support since December 8th. Even though it turned neutral on its 4H outlook (RSI = 45.004, MACD = 31.260, ADX = 51.152), 1D remains bullish (RSI = 65.645) so a potential decline will serve as a technical pullback inside the seven week Channel Down.
The 4H RSI is already on a Bearish Divergence much like it was on the last Bearish Leg of November and a candle close under the 4H MA50 will validate the sell signal. Our target is the bottom of the Channel Up on an expected -2.88% decline (as the previous one) and potential contact with the 4H MA200 (TP = 16,480).
See how our prior idea has worked:
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⚡️US100 CMC TRADING ⚡️ RISING WEDGEUS100 has formed a rising wedge pattern, and it is prudent to exercise patience for confirmation of the breakout before considering a short entry. There is a notable potential for the formation of a correctional leg, retracing back towards or below the recently highlighted key level within the context of an extended bearish trend.
US100 Will Go Up From Support! Long!
Please, check our technical outlook for US100.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 16759.6.
Considering the today's price action, probabilities will be high to see a movement to 18070.7.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Nas100Just an update into the "trade" if we had taken it. It is an okay trade a 5/10 according to my trading plan. This is still good for those scalpers looking for quick trades with quick bucks.
We just broke the high but not by much, which means there are sellers trying to regain from the close of last week. If you had taken this trade move SL to either BE or just enough in line with your trading plan.
NAS100High 16862.3 (Dec 2023) last reached in Nov 2021
Bullish since 2023 started
- lots of retests (bearish channels and fake-outs), prepare for it.
16698 - 16843 = straight channel
- both lower end and higher end have been tested more than once therefore looking like a waiting moment
Go down to 15Min you'll see the candle tell a story
- the last 2 to touch the lower part of the channel (the bear has been engulfed by the two that follow)
- then there's a hammer which shows end of bearish momentum, but price gets stuck in a box and closes in that box.
- Higher lows and heading to higher highs
- Zoom out you will see a mini bullish momentum that started out of the straight channel.
* I placed a possible trade but WILL NOT BE TAKING IT, it does not follow my RR which is a set rule in my trading plan to be 1:3 or more anything less and we are punishing ourselves.
Nasdaq (US100) The latest analysis of Nasdaq in 2023
Hi guys
The latest analysis of Nasdaq in 2023 (keep in mind)
We do not have an analysis next week, the analysis will start again from the second week of 2024
I hope the analysis helped you and you can get great profit from the market
And kick up a storm in 2024
NASDAQ Long-term Rising Wedge top approaching.Nasdaq / US100 is getting close to the top of the Rising Wedge pattern that started in August 2022.
The Triangle pattern formed inside displays similar features with the one tha peaked on February 2nd 2023.
That formation eventually pulled back to the 1day MA50 and 0.5 Fibonacci level.
Sell and target 15850 (expected contact with the 1day MA50).
Previous chart:
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Can the MAGNIFICENT 7 outperform once more?We have seen the Magnificent 7 (Apple, Microsoft, Google, Amazon, Nvdia, Meta, Tesla) underperform on this rally since the October Low relative to the rest of the Nasdaq index (NDX). The former can be seen on the left chart while the latter on the right. This goes so far against the aggressive nature of the Magnificent 7 (M7), which have outperformed Nasdaq on all previous rallied by at least +50%.
In fact the M7's first major rally (2016 - 2018) rose by +150% while NDX's by +95%. The second major rally (2019 - 2021) registered +363% for MA7 and 'just' +185% for NDX. If there is any progression between them, we can argue that on M7 the rallies increase by a constant of (0.41) while on NDX by (0.51). Of course the sample isn't big enough for solid conclusions. But there is a Higher Lows trend-line on both that is driving this logarithmic growth. Especially for M7, it has been touched on all corrections.
As a result, a modest target estimate for both could be the 2.0 Fibonacci extension, which for M7 is 600.00, while for NDX 27500. Indeed those seem remarkable from the levels we stand currently but the projections can get even more inflated if we follow the 0.41 and 0.51 progressions respectively, which indicate that M7 could rise up to +511% (767) from the recent market bottom, while Nasdaq up to +279% (39700).
In any event, do you think the Magnificent 7 will start to outperform Nasdaq again after November - December's pause?
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US100 H4 / POSSIBLE RETRACEMENT UNTIL THE PRICE 15735 ✅Hello Traders!
This is my perspective for US100 H4. NASDAQ just set a new ATH (All Time High), and now I expect a retracement until the price of 15735. A very strong move this week. In case of confirmation, it would be a good opportunity to execute a short trade.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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NASDAQ Hit the ATH but has one more push to give.Nasdaq (US100) hit yesterday the 16772 All Time High (ATH) level, reaching in the process our 16680 short-term target as shown on our December 11 call (see chart below):
The dominant pattern on the 4H time-frame is a Channel Up and the price is trading on its middle. As long as the 4H MA50 (blue trend-line) supports, any pull-back is a buy opportunity for at least one more push marginally above the 5.0 Fibonacci extension, as it happened on the November 14 pump. Our target is 17300.
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NASDAQ One opportunity to target 17300Nasdaq is trading inside a Channel Up.
The current Rising Wedge which is dring the price on the current bullish leg resembles that of October 27th - November 7th.
Trading Plan:
1. Buy on the current market price.
2. Sell below the MA50 (4h).
Targets:
1. 17300 (the 1.382 Fibonacci extension which was the target top of the mid November rise).
2. 15700 (Support 1).
Tips:
1. The MACD (4h) sequences among the two bullish legs are identical, confirming the bullish sentiment towards the 1.618 Fibonacci.
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NAS100 US100 Technical Analysis London Open / NY OpenThis video provides a detailed analysis of the NASDAQ. Presently, it has reached a robust resistance level on the weekly timeframe. The market appears quite stretched, presenting a potential counter-trend trading opportunity around the London Open. If missed, there might be another chance around the New York Open later today. Throughout the video, we delve into essential technical aspects such as price action, market structure, and the prevailing trend. It's crucial to note that this content is purely educational and should not be interpreted as financial advice.
US100 ~ Ho Ho Santa Rally or EOY Bah Humbug Bust? (4H)CAPITALCOM:US100 chart mapping/analysis.
Nasdaq 100 consolidating into key macro economic news, much like S&P 500.
Trading scenarios into EOY:
Bullish reaction to macro economic news = break above ~16167 trading range (yellow dashed) towards ascending trend-line (green) / red box confluence zone.
Bullish extension target(s) = new historical highs surpassing ~16770 November 2021 high.
Bearish reaction to macro economic news = break below ~15690 trading range (yellow dashed) + descending trend-line (light blue) towards 78.6% Fib / 200SMA dynamic support confluence zone.
Bearish extension target(s) = descending trend-line (white dotted) / ascending trend-line (green) / Golden Pocket confluence zone.
US100 Is Very Bullish! Long!
Please, check our technical outlook for US100.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 16026.2.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 16571.0 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NASDAQ: Channel Up soon to test the ATH.Nasdaq is almost overbought again on the 1D technical outlook (RSI = 69.937, MACD = 245.100, ADX = 36.889) but that shouldn't affect it much as it is trading on the lower band of the November Channel Up. Leg 1 of the bullish sequence that made the Nov 15th HH extended to the 2.382 Fibonacci level. As the 1D RSI is identical to that Leg and shows that we are roughly halfway there, we remain bullish aiming again at the 2.382 Fib extension (TP = 16,840) which is marginally over the All Time High of 16,780.
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NASDAQ INDEX (US100) Bullish Rally Continues
US100 successfully violated a resistance of a horizontal range on a daily.
Taking into consideration that the market is trading in a strong bullish trend,
such a breakout confirms a highly probable trend continuation.
Next resistance - 16500
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