Short term sell idea on Nas100Dear traders, here is my quick sell idea on Nasdaq100. We see Nasdaq 100 being held by the falling trendline that meets the horizontal level that acted as support in the past. Price bounced up from this level several times. After, the level was violated to the downside. Price came into this level several times already and it got rejected, the level is now acting as resistance. This time around, our short term sell idea is being supported with a falling trendline that meets the horizontal level making a confluence zone on the chart. I still expect Nasdaq100 to sell off for a short time before making new moves. As we go short, we do not want to stay in for long as this time a lot of consolidation is occurring in the market. A target of 15451.00 or before that can be sufficient for the day.
Trade smart.
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Ustech100
Nas100 structure has changed it will be bearish and rise againTraders, I just want to inform you that Nasdaq100 structure has changed and here is an update. At point X I expect it to fall to point A, the confluence zone respecting the falling channel. Point A will be a liquidity pool, because there the market will meet the diagonal support of the uptrend and the horizontal support. I expect more buying pressure at point A, pushing price higher at least to point B. At point B, we will examine the market more if it will make a new high or fall to point C.
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Do not miss this sell opportunity on Nasdaq100If you missed the sell opportunities on Nasdaq100 the past week, here is another opportunity. Last week Friday our first sell prediction and target came true. Now we see another sell opportunity. Entry can only be confirmed after a successful retest of the broken structure. As we know Nas100 was kept in this confined zone for many days after that we saw a strong push to the downside, violating the support of that structure. Now we are seeing Nasdaq100 resting that level. Will the level hold? There's high chance that this level will hold and push price lower. If that happens, we can see Nasdaq100 hitting our second target of 15217.49
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Do also check out my previous ideas on Nasdaq100 for you to have an overall idea of where we are headed. Follow the links below to see my previous analysis.
Nas100 might fall soon and here is why!Traders, in my previous analyses I stated why Nas100 might turn bearish anytime soon. For more detailed explanation, please consider checking my previous analyses by following the links below.
First, Nas100 is currently trading at the diagonal resistance of a rising channel that began September 2020. We witnessed strong selling pressures when price came to this level. For this very reason I believe price will likely do the same, get pushed back strongly to the support of this rising channel or even beyond.
Second, after careful examination, I noticed price behaving in a corrective manner on LTM which depicts a rising channel, a reversal pattern. Looking at this, I see the market completing this pattern and will soon decide its next strong impulse.
We will carefully and patiently examine further developments around my 5th touch to see if there will be any signs to short this market from there with four targets as shown on the chart.
Please take note that only if the selling opportunity present itself, otherwise no selling entry will be executed.
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NASDAQ is strong - How far can it go? The Nas shows a strong performance. The Nasdaq has pushed through several important levels since Friday and there is almost no end in sight. Well, almost where it goes up it has to go down. I see the current movement primarily rise to around 15900 points before the market cools down. This correction should then go up to a maximum of 15034 points, which is the support below. If he does this, however, for which the course would have to turn imminently, there will be another smaller detour before the Nasdaq can push again. Overall the index continues to rise strongly and I regard any corrections as only temporary.
But the correction is knocking on the door. This assumption can be supported by several chart patterns:
H1 future chart & possible targets for a correction:
+ alternative wave 4
Bearish wolfe wave H2 chart:
Bearish wolfe wave H4 chart:
EW setup short term Kassa:
SHEDDING LIGHT ON NASDAQ100 NEXT MOVETHE LIGHT IS GETTING CLEARER
At this point things are getting clearer and clearer. Nasdaq100 is revealing its next possible move. As I stated in my previous analysis (follow the link below) that Nas100 is at a resistance of the rising channel and it has two ways (but it has to choose one way), either continue rising, ignoring the resistance, (hahahaha!) or respect the resistance of the rising channel and fall. We waited to see further developments around the resistance, now at this point it is becoming clear that Nas100 is preparing for a beautiful fall. The past days we witnessed two highs being printed and failed to continue higher. Not only did we witness new highs, but high lows are being printed as well, which to me shows that bears are showing their muscles too. If Nas100 continues to develop as depicted on this chart forming a new high and bulls fail to push price further and further then I assume it will be over for Nasdaq100, at least for 2021. Maybe we can start preparing for a beautiful crash. But when will that happen? Only time will tell.
What I present here is merely an idea, what lies ahead no man knows. We will only know when the time arrives. Right now we need to wait or maybe catch those short swing highs and lows with caution. Again, we mustn't expect things to run perfectly as illustrated here, this is just an illustration, mine and my bias for this is bearish in the days to come. If something changes, well, we adjust accordingly.
In short, I do not fully know at what time and how Nasdaq100 will fall. What I do see is there is high probability that it is going to collapse, yes, for a healthy correction.
Maybe you should tell me your thought on this. I will be glad to know. Feel free to drop it in the comment section below.
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NAS100 WE SHOULD EXPECT THIS TWO SCENARIOSNasdaq100 is currently at it's highest price, 52 weeks maximum. Since September 2020, it had been rising in an ascending channel. Currently, it is at the resistance of that channel. We can expect two things to happen around this area, a breakout of that resistance and push price further or a rejection and send price lower to the support of that channel. We should also keep in mind that a fake breakout of the resistance can be expected to put traders on the wrong side and then it falls. The only best way is to wait for confirmation that can help us understand what price will do next instead of blindly entering the market.
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NASDAQ 100 FRIDAY BREAKOUTIf nasdaq break and close above trendline we can look to go long.
maybe a trendline retest.
NASDAQ 100 THURSDAY REVERSALI Predict a reverse to the upside
If bulls push past yesterday's low, we can get ready to go long.
NASDAQ 100 MAJOR DROP SEPTEMBER 2021I predict a push to the upside from the big players, breakout up inducing retail traders to buy.
And once the buyers are trapped, we can expect a hard sell.
NASDAQ 100 FRIDAY BREAKOUTNasdaq jumped off yesterday previous low made a pullback
and about to breakthrough to the upside.
NASDAQ 100 WED REVERSALDown trend reverse
Nasdaq is dropping down
so I predict a reversal at the low of yesterday.
Predicting a reverse to the upside
Expecting downside on Nasdaq NDXHello altogether,
Today we want to look at the Nasdaq index.
Fundamentally we are in a bit of uncertainty:
- Delta variant of Covid is spreading strongly
- Markets seem to be pushed a bit too high
- Fed is already talking about tapering, since the economical data releases are looking quite healthy for a while
Above can give the USD a push higher and could put some pressure on indices - especially the pretty overbought Nasdaq.
On the Nasdaq, we can also clearly see that the RSI is not able to reach new highs, whilst the index itself is trading close to its ATH. This is a bearish sign to me.
I am currently looking for a sell. Putting my stop right above the last ATH and am looking for a correction to my limit into the 13.700 - 14.000 area, where we can find our next big vertical as well as horizontal support.
16 August: we predict down trend if high not break in green arrow (powerful next low place) you must put buylimit with sl=50
trailstop=80
if high break (you can put buystop) next target is 15300-15400
if you have sell or want pick sell,never remove sl from high (sellstop in today low posible too with sl in high)
to find trend 5-6 month monitor AC or stoch 7.4.4 on 4hour chart
Ustech (Rising Wedge/Head and Shoulders)Ustech is showing a clear rising wedge on the daily time frame. It is also beginning to look like a Head and Shoulders Reversal Pattern on the daily time frame as well. This one has been really hard to trade over the past year because it keeps making all time highs over and over again. With this being said, I think we could safely open a sell soon and that is exactly what im looking to do here!!!
So when I open the sell, im selling based on a rising wedge reversal pattern, and what looks to me like a small head and shoulders pattern on the daily time frame.
Bankers Candle strategy on NAS100Here i am seeing a bankers candle on the 5m and 4h time frame at 2 different locations.
Set my sell Limits and hope for the best.
The Main trend line has been broken and maybe the market will go back up to hit the bankers candle to the pip and if not then im out of the trade anyway. No harm no foul.
NASDAQ 100 WED REVERSAL PREDICTION!Looking for a drop to the downside. maybe a trap/stop-hunt to the upside and then reverse down!
Wait for entry confirmation!
DON'T get wedgied! Peak excitement on Friday - as retail traders pumped various markets with billions in cash. This was alongside institutional traders who had been bailing out.
Well, retail won a significant limb of this, from the bottom edge of what now looks like an ascending broadening wedge following a major bullish drive. Biden echoed the FED's mantra on transitory inflation in the last few days. That seemed to be a signal for retail traders on the apps to dive in.
Ascending broadening wedges after long bull drives north, are usually a signal of weakness. Just to be clear (and read my disclaimer below), this does not mean that the market will crash now. Price could move significantly up and whipsaw the top of the wedge before heading for the moon! 🌛
This wedge formation creates probabilities. Probabilities exist in minds. The probability estimate based on this snapshot (right now), is for a significant correction. This is not advice! This is opinion - a very different thing to advice.
How probabilities work : If 'you' estimate there is a 51% chance of a correction, that leaves a 49% chance there will be no correction. A lot of novice traders forget about the lesser probability, which does not favour their mindset.
There are other silent probabilities adding up in the background (DYOR): 90 year economic cycle, coinciding with 20 and 10 year cycles - and we're not out of the woods with a major pandemic. We are at year 11+. Some say 'cycles mean nothing'. Everybody is entitled to their own belief. I think these are dangerous times to be throwing money into the market going long.
If you are about to short this position, you have to have money that you can afford to lose. Read that again. If you can't lose money, stop trading - instantly!
Alternative reasoned perspectives are most welcome.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.