🚨 US100 HIGH PROBABILITY SELL SETUP SOON 🚨🚨 US100 HIGH PROBABILITY SELL SETUP SOON 🚨
* Here we can see the next potential move for Nasdaq100 ion coming hours or day.
* I can see its forming the double top reversal pattern at the strong resistance level of 15257.2.
* EP(SELL): 15110.2
* TP1: 14920.2
* TP2: 14877.1
*No SL provided for this trade.
* Keep your eye close on your trading positions.
* Happy pip hunting traders.
* FX KILLA *
Us100
Dow Jones - 1D bullish trend analysisBased on my analysis, I anticipate the index to sustain its upward momentum towards the determined resistance zone. However, it's essential to remain cautious as signs indicate a potential recession on the horizon, which might limit the likelihood of reaching new highs.
Furthermore, it's worth noting that the index recently experienced a picture-perfect pullback to the downtrend line, which adds an interesting dynamic to the overall market sentiment.
Stay informed and keep a watchful eye on the evolving market conditions. Make well-informed decisions to navigate these trends effectively. Remember, knowledge is key! 📈💼💡
NASDAQ The weekly charts tells you what you need to knowNasdaq / US100 is approaching today Resistance A (15280), which is the High of March 2022.
The pace of the rally since the start of the year has been so strong, in fact since the week of April 24th the index has posted only green weekly candles (8 today), that the 1week RSI reached a level (76.75) it last hit almost 2 years ago (on August 24th 2020).
In the last 6 years, every time the 1week RSI hit that level, Nasdaq made a top and corrected either immediately or in a few weeks.
On all those times, there was a clear Support Zone for the RSI to place your buys (47.90 - 52.90).
Also on all cases the price corrected to at least the 1day MA50.
This isn't primarily an invitation to sell what is obviously a bullish trend but rather take some profit of the index (or shares) in order to lay off some risk and enter again at a better price as suggested by the 1week RSI and the 1day MA50.
Our long term target is the 16840 All Time High (Resistance B) by December.
Previous chart:
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DAX H4 & D1 - Sell SignalDAX40 H4 & D1
Starting to see rejections from this 16300/350 price, I would like to see us pull down towards that 16000 whole number price in the short term before then maybe seeing something even deeper on a higher timeframe basis.
We have indicated an entry (albeit a little late, apologies) for the H4 entry, and also marked the D1 timeframe for reference and significance. Stock indices are massively overpriced at the moment, corrections I feel are certainly over-due!
US100: Will Start Falling! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell US100.
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Nasdaq levels to watch & potential move. US100 📈Hello guys, Everything is marked on the chart for you like always. Monitor the price's action in the circles to enter your position.
Good luck.
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Dow Jones Index (US30): Your Detailed Trading Plan
Top-down analysis on US30.
Daily time frame analysis.
Intraday analysis.
Price action & key levels.
Potential scenarios.
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NASDAQ: Approaching the March 2022 High on Fed week.Nasdaq is having an enormous rally since last December and the Double Bottom, with even the 1W time frame turning massively overbought (RSI = 74.522, MACD = 645.290, ADX = 53.716). The Double Bottom was formed on the Zone of the All Time High before the COVID crash. The market has filled a massive gap and this is why it has been rising so aggressively since the start of the year. History has shown that overbought levels can extend rallies for a short while before pull backs.
The Resistance ahead of us is R1 (15,280) and the Fed Rate Decision on Wednesday will be critical for the trend of the next 4-5 weeks. A closing above it can target the ATH regardless of the massively overbought technicals. A rejection can start a medium term decline near the Demand Zone. That would be the new entry point for long term investors.
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US30: Breakout Bearish Channel, The Start of the Trend Reversal?Hello Fellow Stock Investor/Trader, Here's an Outlook for Dow Jones Industrial Average or US30!
Price Action Analysis
There has been a breakout of the recent double bottom and falling wedge pattern, which is followed by a bullish hammer. This pattern typically confirms a potential reversal or bullish scenario. Furthermore, the candlesticks have moved above the dynamic support/EMA90, indicating the possible start of a bullish trend.
The momentum indicator
The MACD has formed a golden cross prior to the breakout, indicating a potential upward movement for the US30.
If the scenario unfolds as planned, after reaching the historical resistance area, there may be a pullback to 33463 before continuing its movement towards the second target.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the FX:US30 "
NASDAQ Can cross above 2 Channels and reach 15100 now.Nasdaq has been trading inside two Channel Up patterns, one on the medium and one on the long term, which we've outlined in all recent ideas.
The current bullish wave has identical measures with those of the 2nd part of March and 2nd part of January.
It is highly probable with the current buying momentum to seek and complete this impulse and break over both Channel Up patterns.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15100 (Fibonacci 1.618 level).
Tips:
1. The RSI (1d) has formed a Double Top on a clear 76.55 Resistance. If it reaches that level before the price hits 15100, close the trade on whatever profit you have made.
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Notes:
Past trading plan:
US100 H1 - Sell from 14650, buy from 14250US100 H1 🇺🇸
We have our preferred sell zone at 14650 and our preferred buy zone at 14490 ish. In-between, we have a bit of a resistance price at this current price of 14600. Interested to see whether we breach this 600 price or not.
Whilst US stocks are climbing higher, S&P breaking resistance price of 4150, the NASDAQ has been climbing since December 2022, it would be great to see a monster swing correction to maybe 13750. But that's quite an ask.
NQ1! NAS100USD NASDAQ 2023 JUNE 12NQ1! NAS100USD NASDAQ 2023 JUNE 12
Significant Weakness observed on daily bar (Friday 09 June) as market is marked up on ultra low volume S>D bar.
If mark ups on low volume continues, tighten stops and don't chase longs. Prepare to look out for short opportunity.
Possible Scenarios:
1) Market continues to be marked up on low volume narrow spread up bars = tighten stops on longs / wait
2) When additional weakness emerges = Short on test and rejection of recent high / lower high
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 15269 14575
*Longer term: 13350 needs to be supported for long trend to be intact.
Price Volume Analysis:
Weekly: Ave vol up bar close off high = NTC weakness
Daily: 09 June ultra low volume S>D up bar
*NTC = Non-Trend Changing
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Have a profitable trading week.
*For education purpose only.
Next week - Potential buying/Selling zones on NQ/US100 CAPITALCOM:US100 CME_MINI:NQ1!
I will continue my analysis on Nasdaq NQ/US100 Market, after reaching my TP last week, I expect 2 scenarios:
1st: If the price closes below 14440, I'll sell after the first unmitigated single candle (entry based on 1H TF), if not I will buy here after sweeping the LQD.
2nd: If the price closes below 14233, I'll sell after the first unmitigated single candle (On 1H TF), if not I will buy here after sweeping the LQD.
I'd just like to mention that the market is expecting some big news this week (CPI, PPI, FOMC).
Trade at your own risk.
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US100 Will Go Higher! Long!
Please, check our technical outlook for US100.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 14497.0.
The above observations make me that the market will inevitably achieve 14950.0 level.
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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NASDAQ: Bullish as long as the 4H MA100 holds.Nasdaq is having a standard technical pull back turning the 4H time frame neutral (RSI = 52.452, MACD = -2.890, ADX = 30.912) but the 1D remains bullish as since March 13th, the index has been trading inside a Channel Up pattern.
As the chart shows, every crossing under the 4H MA50 has been a buy signal (2 times) unless when the 4H MA100 broke as well, in which case the downtrend was extended to the 4H MA200 (2 times also). The 4H RSI has a clear Buy Zone and it just bounced on it, so we're already bullish (TP = 14,950). If though the 4H MA100 breaks, we will open a short term sell as well, targeting the bottom of the Channel Up (TP = 14,000), where upon contact with the 4H MA200 we will add a 2nd buy.
Prior idea:
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NASDAQ starting a short term correction.Nasdaq got rejected near the top of the 6 month Channel Up.
The narrower Channel Up however made an exact Higher High and the rejection today is a natural technical consequence.
This is most likely starting the 3rd correction wave.
Each wave has been less aggressive than the previous.
The breaking under the 4hour MA50 is the sell confirmation. Target the bottom of the short term Channel Up and the 4hour MA200.
Buy on the 4hour MA200 and target 15280 (Resistance A, High of March 29th 2022).
Previous chart:
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Is the lagging S&P500 a better buy option than Nasdaq?Nasdaq's (NDX) incredible run (left chart) since the start of the year (+37%) has seen the index break above the Last Lower High of the Bear Cycle (13730) while at the same time avoiding a Death Cross on the 1W time-frame in epic fashion. It even broke above the RSI Resistance of the price's ATH (when the index was on its All Time High).
At the same time, the S&P500 (SPX) is obviously lagging behind (right chart) as not only the RSI is below its ATH Resistance but the index itself is only now approaching the Last Lower High of the Bear Cycle.
The question is, can the S&P500 be a better buy opportunity than Nasdaq since it is underperforming. Well being overperforming doesn't necessarily mean that Nasdaq is overvalued. Investors clearly thought at the start of the year that the technology sector would fuel the economy out of the 2022 inflationary Bear Cycle. However, it is also clear that the S&P has three target ahead of it (Last Lower High, First Lower High of Bear Cycle and the ATH), while Nasdaq two. In % terms, a ATH hit for the S&P500 from the current level would be a +12% rise, while for Nasdaq a 14.50% rise. Not that big of a difference on long-term terms and that has a lot to do with the fact that Nasdaq declined more that -37% during the 2022 Bear Cycle, while the S&P500 -27%. As a result, any buy between the two would be justified, even though a good pull-back on NDX would be more appealing to buy and couldn't be overlooked.
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US100 - Can we catch some pips to the downside?Hi traders,
Sell on US100... Why?
1. Divergence on the 4 hour.
2. Strong fake out rejection on the 4 hour.
3. Big fakeout rejection to the upside on the 4 hour.
4. Broke the last low on the 1 hour.
US100 could possibly do a small stop hunt to the upside before dropping further down.
Let's anticipate!
What do you think of this analyses?
Let me know!
Have a nice trading day all!