US100 Technical Analysis and Trade IdeaI'd like to share my insights on the US100. As the week is coming to a close, it's important to be mindful of potential stop runs by institutional traders, which can be quite aggressive on Fridays. Additionally, we have the Non-Farm Payrolls (NFP) report scheduled later today, so if you're considering trading, exercise extreme caution.
These remarks are more in the context of a potential trading setup should we witness a retracement today, possibly setting the stage for Monday. It's crucial to remember that the information in this video is intended for educational purposes only and should not be considered as financial advice. Please ensure that you apply robust risk management techniques when engaging in trading.
Wishing you a wonderful weekend ahead!
Us100idea
I asked Chat GPT How US100 Price will changeS3
13215.8
S2
13240
S1
13251.1
R1
13275.3
R2
13288.4
R3
13312.6
My current strategy Bullish
I asked chatgpt how she sees US100 of the future.
And the answer is not too far away of my researches. I tried to visualize chatgpt answer
The blue cuve is the pojected price developement by chatgpt.
A little fun factor, so dont take it seriousely and letS STOCK TO OUR OWN TRADINGPLAN
CURRENTLY THE PROJECTED DEVELOPEMENT our own signals are sync.
But I will closely compare chatgpt tadingplan and mine. So you can do the same ,if you like.
Please feel welcomed to comment and shareyour ideas and inspire us as well.
At leasst trades do nothing else, but trading the future possible events and developements at the current time being.
Interesting is, that the most pice reverseals sync nealy closed to the prior Vps.
I remember a quote of Richar Dennis, the foundeof the TurtleTaders:
Traders ae the stundents of the makets.
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.
Follow for more
Next week - Several potential buying zones on NQ/US100 CAPITALCOM:US100 , CME_MINI:NQ1!
As the Nasdaq market is bullish at present, I expect the market to continue rising. In this analysis, based on the market's structure, you can find multiple possible buying zones with a high probability of buying scenario.
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US100 Continuation Up Trend After the breakout of the 14,000 level we will see a continuation towards the 15,000 level after a retest of the supply zone or a direct continuation towards the next demand zone
US100 22May2023Nasdaq moves higher according to last week's analysis. right now I'm trying to pull the Fibo extend from wave I and the price position is still not 1:1 with wave I. There is a possibility of a wave III extend so you can enjoy long bullish here, take the opportunity to buy when there is a slight retracement
US100 14May2023last week the performance of the Nasdaq was in accordance with the analysis, still continuing the bullish trend. the bullish trendline also supports the analysis with a bar movement with a slope of 45 degrees, we take the opportunity to buy next week
Nasdaq Breakdown Analysis 04/03/2023Dear traders Nasdaq was so powerful last week so it may start to consolidate these first days I except Nasdaq if he breaks above and close in 13200 it will be change to look for buy this area is good to buy and if he rejected and close below 13181 it will be change to look for sell target will be in 13000 trade safe and good luck
NASDAQ Next MovePair : US100 Nasdaq
Description :
Rising Wedge as an Correction in Short Time Frame and Rejection from the Upper Trend Line
Impulse Correction
Rejection From Daily Resistance Level
Divergence
Break of Structure
Completed " 12345 " Impulsive Wave and " abc " Corrective Wave
Double Top
US 100 ( High Probability BUY Setup SOON )* Here we can see clearly the next move for Nasdaq 100 Today & coming days,
* We can see clearly the formation of Double Bottom Reversal Pattern ( W ) Soon,
* We're using LTF for a clearer view of our analysis, hence we can't predict the exact moves of the market,
* We've got our EP ( Blue Line ) & our TP ( Golden Line ),
* Keep a close eye on US 100 today,
* Happy pip hunting traders.
* FX KILLA *
NASDAQ US100 Next Move Bullish ??Pair : US100 - NASDAQ
Description :
Bearish Channel as a Corrective Pattern in Long Time and A Breakout of the Upper Trend Line
Divergence
Break of Structure
Rejecting from the Demand Zone and Retracement Completed
Completed " 12345 " Impulsive Wave and Making its " A - wxyxz " Corrective Wave
US100 ( High Probability SELL Setup SOON ) * Here we can see the Next Moves for US100 today,
* We're expecting the Mini Move ( PullBack ) before the continuation of the Down Trend,
* We're Using STF for a cClearer View of our Analysis, Therefore we can't predict the duration of the moves,
* We've got a Major Fundamental News today ( NFP ) at 1:30pm ( GMT + 00:00 ) London Time,
* Keep a close eye on Nasdaq100 ( US100 ) Today,
* Happy pip hunting traders.
* FX KILLA *
US100 the end of the year is coming!Hello;
Here is my view on the $US100; our friend Powel is starting to reduce the strength of the increase in key rates, an encouraging signal. But the macro is often decorrelated from the micro economy; for example the insolvency of American loans is increasing as are the delays in payment of imo loans. First signs of the 2008 crisis; I invite you to see the super movie: The Big Short!
- The industry through the PMI index suffers worldwide (50 Neutral; more than 50 Growth and less than 50 Slowdown): zupimages.net .png
- For the PMI Composite (Industry, services and construction) therefore highly representative of the health of a real economy is not doing any better: zupimages.net /vysk.png
So this period in the markets for me is a temporary lull to wait for the end of the year before choosing a real direction. Liquidity is present in a significant way at the bottom as well as at the top, and the choice of direction is not ours, so let's limit our risk. Because the situation can quickly deteriorate, with a contagion of the consequences of the recession, to various sectors.
To analyse :
Price location:
- After the Covid bottom of March 25, 2020 at 6900 points, the Nasdac rose 144% to put an ATH at 16,650 points.
- Since this rise we have retraced a maximum of 37.1% at 10,470 points in 280 days of decline, to go below the equilibrium at 11,700 points (green line).
Evolution of the price and personal vision:
- We see that since the low point of 10,400, the price rises between two liquidity zones (Box at the bottom Green/Red and at the top Blue, with the $ symbols).
- If the Range price is in waves 2,3 and 4, the standby liquidity will only grow, while allowing time for smart money to settle.
- During this Range, Fakeaout or Breakaout are highly possible because two major Fibonacci levels are there and therefore, stops or TP retails.
- I think that at the end of February a direction should be taken. For me wave 5 will be violent, and decisive for the next 6 months!
I therefore propose 2 possible entries, Long and Short, both with an R/R of 4:
The short position (line 5 in Red) corresponds to JP Morgan's target of 10,000 points, for fans of Fud.
To quote a positive:
The OBV, which had fallen to Covid levels, is recovering and printing beautiful Ws and respecting a trend line:
zupimages.net
If the trend line breaks, it will not be a good signal for me.
Personal Conclusion:
So I think we could put away some time to create standby liquidity, to pick it up in typical range moves.
We must remain cautious and look for entries such as smart money, ie in these areas of potential TP/SL with judiciously placed SLs.
The market is not giving gifts at the moment, think about your currency management!