NQ1! NAS100USD NASDAQ 2023 AUG 20NQ1! NAS100USD NASDAQ 2023 AUG 20
Scenario 2 short yielded handsome profit if you had followed 07 Aug's
analysis. 18 Aug's bar showed some demand.
CME_MINI:NQ1!
Possible scenario:
1) Continued short opportunity if market test downward trendline and is rejected
2) Market tests breakdown area 15138-15511 (yellow box), and is rejected = short
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16029 15524 15138 14638
*Longer term: 13350 needs to be supported for long trend to be intact.
Price/Volume/Trend Analysis:
Weekly: NTC Ave vol down bar, close off low (some demand)
Daily: Ave vol down bar | ENR | SOT | DOWNTREND
*NTC = Non-Trend Changing | PTC: Potential Trend Changing
Like and follow if you find this useful | *For education purpose only.
Have a profitable trading week.
Us100
US100 - NASDAQ INDEXNASDAQ (US100) - The market has made a corrective move upwards in an ABC form. The larger trend correction can be termed as WXY with Y likely to end near the previous low (10,440), or possibly lower.
The last high of 15930 needs to hold with price making lower lows from here onwards.
This idea is based on the Elliott Wave Theory. Manage any trade/Investment with your own risk management.
NASDAQ 1W MACD Bearish Cross causing this correction.Nasdaq (US100) completed this week the first MACD Bearish Cross since September 2022 and is the leading technical cause behind the recent two week correction. The 1D RSI got rejection on the exact same level as August 24 2020, which was prior to a similar MACD Bearish Cross that corrected almost as low as the 1D MA100 (red trend-line).
As a result, it is possible to see another 1-2 week selling extension, before this (much needed) technical correction is over. We will be ready to give the buy signal for a long position that will eventually target the 16770 All Time High.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
NDQ100 8/15 5am SELL SIGNAL 1hr chart75%w strategy , 12:1 RR, .65% avg winning trade, 0500 EST.
1st TP .62% 15080
2nd TP .85% 15050
3rd runner : close trade/ new signal.
NDQ100 Eightcap, Nasdaq cash, US100, tech.
Typical trades last 16 hr. Close all position/ SL at any time new, 1hr chart signal is given.
Will update as trade progresses.
ALL 3 INDICATORS: SUPER PIVOT: DYNAMIC MONEY FLOW: LINEAR REGRESSION/RSI
ARE DOWNWARD SLOPING.
- NO CANDLES ARE NEEDED TO TRADE -
Support at 15300 and then retest 15900?We rejected 15900 level and had a massive sell off yesterday! We have a strong Buy zone around 15300 and I am expecting a bounce of that level and then retest 15900 level. Overall we have a strong bullish trend on daily timeframe and this looks like a healthy pull back. I would still like to see price in the green buy zone.
Entry : 15300-15350
Stop loss: 15200 (I would like to see a 2hr candle below this level)
First Target: 15600
Final Target: 15900
Please let me know your thoughts. Happy trading!
US100 2H Bullish F/G Index98Investors’ focus is now on the May core PCE data, scheduled for release at 12:30 GMT on Friday. Economists predict a 0.3% increase in the core PCE price index, with an annual growth rate of 4.7%. This data will play a crucial role in shaping the Federal Reserve’s future interest rate policy decisions.
Treasury Yield Volatility Expected
U.S. Treasury yields have risen as investors brace themselves for the PCE data, which is the Fed’s preferred inflation gauge. The 10-year Treasury yield is up over three basis points to 3.8858%, while the 2-year Treasury yield has also increased by more than four basis points to 4.9268%.
Trend Bullish
F/G 98
Volatility low
Nasdaq US100 long Aim for Strong Monthly Performance Aim for Strong Monthly Performance Ahead of PCE Data
Looking at the second quarter, the S&P 500 has risen 6.99%, set for a third straight quarter of gains. The Nasdaq boasts a gain of 11.2%, marking back-to-back positive quarters. The Dow has jumped 2.55%, also heading for a third winning quarter.
US100 Technical Analysis! SELL!
My dear subscribers ,
US100 looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 15140.1
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Target - 15002.4
Recommended Stop Loss - 15217.8
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
Tesla may reverse from hereBased on the analysis, it appears that Tesla's stock price has gone through a specific pattern known as the Elliott Wave Theory (i,ii,iii, and iv looking to be completed. This theory suggests that markets move in predictable patterns consisting of five waves in the direction of the main trend and three waves against the trend. In this case, you're indicating that Tesla's stock has completed its 4th wave, which retraced approximately 38% of the prior price move.
If this analysis is accurate and Tesla's stock price is following this Elliott Wave pattern, it suggests that the stock might be preparing to enter its 5th wave. The 5th wave is typically an upward-moving wave that aligns with the overall trend of the stock. The upside may be 300-317-335 $.
However, it's important to recognize that Elliott Wave Theory, as well as the use of Fibonacci retracements, relies on interpreting price charts and patterns. While these tools can provide insights into potential price movements, they are not foolproof predictions. Market behavior is influenced by a multitude of factors such as news, events, economic data, and overall market sentiment. These factors can lead to unexpected price movements that may deviate from the predicted patterns.
Disclaimer : As a reminder, trading and investing come with inherent risks. Decisions should be made with careful consideration of various factors, including both technical analysis (like Elliott Wave Theory and Fibonacci retracements) and fundamental analysis (such as a company's financial health, competitive landscape, and industry trends). Consulting with financial professionals, conducting thorough research, and implementing risk management strategies are advisable before making any investment decisions.
US100 Will Go Down From Resistance! Short!
Take a look at our analysis for US100.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 15060.4.
The above observations make me that the market will inevitably achieve 14257.5 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
The Illuminated Ascension of the Market.Since I presented my bearish prophecy, I've traversed the vast expanse of financial data in search of the Achilles' heel to counter my own narrative. The cosmos itself has conspired this evening to bestow upon me the final pieces of this intricate puzzle.
On the ominous date of 8-18, a staggering 70% of market contracts bow to the bearish sentiment. This, I postulate, is the very reason for a tight squeeze leading up into this date – a sly play to ensure the bears' demise, leaving their positions reduced to mere ephemeral memories. (Forgive my wickedness, for in the end, it's merely the cutthroat dance of commerce).
As the sands of time flow and we bid adieu to 8-18, expect a swift downturn; a mere blip, a hiccup if you will. But fear not, for the hungry wolves shall quickly gather to devour this dip, leading us into the waning days of August and the dawn of September.
Post the ritualistic dance of the wondrous blue moon, brace for a cosmic parabolic squeeze ascending towards the 9-15 expiration - ensuring the bears are banished into the void eternally.
Upon the ethereal touch of 17.2k, my machinations will recalibrate.
Godspeed on your cosmic journey, astral adventurers.
💜✨🌙✨🌌✨🌙✨💜