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Nasdaq Analysis Hello Everyone, The price is moving exactly how I analysed couple days ago. As I said the strong resistance area around 12850 will move likely not get broken due to the way price reacted around that area in the past. So where is price going. For at least today I will be looking for price to drop to at least 12413 and then price may push back up from there. However if price break 12710 then I will expect price to go back to 12850 area before pushing back down.
OANDA:NAS100USDShort
by Tradeofgrey
Nasdaq Analysis Hi Everyone, Hope you had a great weekend and back for another crazy week. Sorry the analysis is a little later than normal. Usual time for main analysis will be approx 7:30am GMT. Last week the analysis played out beautifully. Lets see what this week has to say. We are still in a downtrend on the higher timeframes. Nasdaq is in a falling channel, the market is also in some sort of consolidation if you look at the daily. The market broke out of 11700 area but then quickly came back up closing above this area. I feel we will carry on moving around the areas of 12061-11702 until the market is ready and give us a clearer direction. I have given two simulation what can happen for the bulls and the bears. BEARS: will most likely consolidate before pushing back down to 11700 area and this will also be the centre trendline and if broken we can see more lows. BULLS: If after a little consolidation the trendline gets broken then we may see a rapid move up before pushing down to carry on moving back up. Keep a eye on the lower timeframe analysis that will be coming up soon.
OANDA:NAS100USD
by Tradeofgrey
NAS100| Expect more selling pressure!Nas100 is still bearish. Last week, bulls failed to take the market higher, instead the market printed another lower high (as we can see that the market has already printed a series of lower highs and lower lows). Nearby resistance is seen at around 12300, second resistance is seen at 13000. In case of a bullish move this coming week, buyers would have difficulties to violate the first resistance. On the other hand, bears continuing to dominate will send price lower and they would be eyeing 11000 as the first nearby support. Second support is seen at around 10690.00. I have a strong bearish bias and as long as price continues to trade below 12300.00 we can be certain that 11000 would be an easy target for sellers. If you find my ideas helpful, please support my work with likes. If you have any question or opinion feel free to write in the comment section below. Do not forget to follow to continue receiving ideas likes this.
FX:NAS100Short
by Forexintelligence_NA
2
Nasdaq Analysis - Retest and continue From the previous analysis, nasdaq has done as expected, failed to break the strong resistance area and pushed price back down. Price has currently broke through 12205 area of support, we will see how price reacts here and if it can close below. There is high likely price may push back up from here to retest levels around 12400 area before pushing back down, breaking through 12205 and going lower. Always have a plan. You should know where you expect the market to go and when your entry and exits are. Sometimes its better to sit back and watch it play then enter over and over again and blow your account
OANDA:NAS100USDShort
by Tradeofgrey
Nasdaq Analysis Hi Everyone, I will start todays analysis on the 4 hour time frame where we can see a bearish channel that had been formed over the last few weeks. We are now at the top of the channel again after the monthly lows of 11677 which was also the bottom of the channel. This area we are at the moment 12532 is a very strong resistance area which has been tested many times. The question is will this channel finally break pushing prices back the monthly highs of 13550. If this channel is respected and the area 12532 is too then price can push back down to monthly lows of 11677. iv drawn the key support and resistance areas that we will need broken for prices to move. Key areas are very important as price will always play around these areas. breaking these areas will mean new key level can be reached. Bears: 12205- 11677 Bulls: 12845- 12532 Will keep you guys updated through the day as it plays out.
OANDA:NAS100USD
by Tradeofgrey
1