Ustech100
NAS100| Reason I am still bullish on itHello everyone,
Previously I discussed about NAS100 and mentioned of my bullish bias on it. Previously Nas100 printed a tiny wedge which developed into a bigger pattern later as we currently see. This pattern confirms the bullish bias and I will be waiting for more bullish confirmation for entries. It is more likely that NAS100 will reach 13500 in the few coming days.
I will appreciate your continuous support, your likes do really matters to me. If you have any question feel free to ask in the comment section below.
Big Love❤️ that NAS100 will reach 13500 in the few coming days.
Nasdaq Analysis Interesting outlook Hello Everybody.
Hope you all had a great day trading yesterday. A lot of you sent your results from yesterday and they were amazing. Using simple price action to take trades. Its easy as that.
Today will be interesting, Nasdaq has been in a consolidation phase all week after last weeks bullish run. Today we reach the lower channel line and price will either break here or push back up. Here are two scenarios that may happen:
For the Bulls: Price may break out down the channel, test the zone 12475 causing a fake breakout and then pushing back up to 12800 area. And if 12800 area get broken we can expect a good bullish run again taking prices to 13373 area.
For the Bears: if price break down the trend line and then breaks the area of support at 12475 then I can see price coming down to 12226 area and if broken there then back to the previous lows of 11691 zone.
Whichever side you are in, be prepared, have a plan, decide what type of trade you will take and execute to the plan then sit and watch it play the game!! You are in risk of losing all your money if you keep winning and then losing everything next day. Your losses should never be more than your wins.
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.
Unfortunately, Nasdaq will Take us Lower AgainMajor update as Nasdaq is losing ground and a new dip will foloow. Hopefully not a big one.
Stick around for updates and think about this:
Last Friday NASDAQ rose a lot but Bitcoin did not..maybe time to reverse the situation and see Nasdaq drop without pushing BTC lower? Possible!
One Love,
the FXPROFESSOR
Nasdaq Analysis Hello Everyone.
We had a great run on nasdaq so far and now I can see nasdaq has reached a very strong key weekly area of 12930, the price has also simultaneously hit a strong trend line, This trend line has a history which I have highlighted, many times over the months this trendline has been tested. many occasions it failed to break, in the recent weeks we can see it had failed break, then a fake break so now we are back here lets see what it does this time. If price does break this area of resistance and trendline I don't see why price can't push to the next week resistance of 13856. If price does fail to break this area we may see price come back to the area of support at 11834.
Will keep you all updated on the lower timeframes
NAS100 breaks keys and opportunitiesThe 6th session NASDAQ100 had a strong bullish wave breaking through the important lvl 125xx key. We will look at some factors to be able to make a profit from it:
- Fundamental Analysis: The biggest buzz of the moment came after Friday's PCE data was released. The market is optimistic with the view that "inflation is showing signs of peaking" and if inflation continues to fall below current levels in the coming months, the Fed will feel more comfortable to slow down the pace of rate hikes. From there the view that the Fed won't raise rates above neutral begins to gain more support, which would be a downside effect on both long-term US Treasury yields and the dollar, and bullish effect on gold.
- Technical analysis: looking at the H1 frame chart, we can clearly see that the falling structure has just been broken and the uptrend lasted until the last minutes of the session. In my personal experience with such an excited market sentiment, the bullish wave can last until the price reaches the 131xx area. However, what we need to pay attention to, the price has just broken the key and has not formed a higher low - enough conditions to confirm the trend reversal. We can completely wait for the opportunity if the price finds the 12~122xx area to be able to set up a good entry for the upcoming long wave.
Wish you a good trading week.
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AAPL Apple : Short-term buy to key retest level 16.5Very straight-forward technical analysis .
Apple broke below substantial support trend-line beginning of May 2022.
The support was stretching higher with higher lows since early 2020, this changed just about a week ago.
The drop below the trend-line continued with a sharp drop from 155 to 139 at the lowest.
Connecting short-term lows provided support around 139.
Currently, short-term highs and lows converge into a 'falling wedge' pattern which may be bullish .
The only confirmation of bullish substantial movement would be with a break higher than 155 back to the long-term trend-line and therefor the breakout up of the 'falling wedge'.
A more likely scenario and the projection of this chart, is a retest of 155 post breakout - Which once retest confirms, would be the continuation of the down-trend.
In summary, Apple with high probability is going back to retest the long-term breakout, which makes for a very short-term buy.
**We must remember Apple went from $54 in March 2020 all the way to $180 early 2022.
There's plenty of room for Apple to correct down.
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Nasdaq Analysis Hi everyone.
We had a really clean break yesterday out the falling channel after some positive news releases. For today price will continue to go up at least 12584 the next resistance area. If this area is broken then price can push to the next level 12841. We will see some more bullish movements before anymore sells.
Nasdaq Analysis Hi Everyone.
Iv drawn few more bearish key levels to watch out for if price does break down from this consolidation. Its been a really nice consolidation with many opportunities to trade inside the box. We will be getting a break very soon and price may push up or down. If price push up we can expect it to go to areas of 12400-12700 and if price push down then price may come to 11268-10966. areas.
Nasdaq Analysis Descending Triangle Hi Everybody,
Nasdaq is still in consolidation. We can see a descending triangle that has been formed inside the consolidation box. These types of triangles usually indicate a bearish continuation so we can expect price to break down and continue to go down. However if price does break up we can see some bullish movement before coming down.
Will keep you updated
NAS100 [US100] Daily Outlook | 25-MayHolla Amigos,
A quick look at 4Hr timeframe shows that we might have a very clear buy today.
Reason:
1. Fakeout play in 4hr TF thus indicating that price may drive majorly upwards.
You might want to stick with price direction to avoid compounding losses.
I will update here as usual.
Kings
Nasdaq Analysis- Lower T/FA quick analysis of the lower timeframe. I have created a box where price is moving in the sideward motion. We can also see a falling wedge formed inside the box, Falling wedges are usually a continuation pattern so price is likely to come down and then push price back up breaking the wedge and moving to the top of the box at 12063.
Lets see how this plan plays out. Stay tuned for more good stuff!!!