Double bottom patternWe have identified a double bottom pattern followed by a breakout. Currently, we are observing a pullback, which presents an opportunity to enter a long position.
WE ONLY TRADE PULLBACKS
USATEC trade ideas
NAS100...Ever The Bullish Instrument Part 6NAS100 continued last week with the historic theme of being bullish.
The week started off with Monday seeing three new breaks for new ATHs before seeing a retracement to end the week.
Be sure to check my tradingview profile for a video explanation of this post.
Now many people will get excited into believing that this is the beginning of the end, however this is the time when you take a step back and zoom out to look at the real story.
Remember analysis is always done on your largest timeframes back down to your lowest timeframes.
1. H1 to H5 have created new lows (The M30 & below are making LHs to LLs)
2. The H6 to H23 have created only HLs (coming from ATH's)
If you focus on your lower timeframes...in this case M5 and below, the situation looks bleak and looks like sellers are somehow in control. However once you take a step back and zoom out to look at the larger picture, you will see that the market only took a breather to create the needed HLs to continue on with the trend move, to break another ATH.
Like I have always said, patience is key and you just have to wait for the market to resume the trend.
When you have entries dating back to August 2024 you will notice that even with a retracement of 10,000 pips you are far from where your entry would have been and the low created last week only registered as a HL on the larger timeframes.
What am I expecting this week?
1. The weekly candle expired last week without creating any form of Low (order block)
2. The Daily candle expired last week without creating any form of Low (order block)
3. Largest HL was the H23 and that will work its way up to create another HH thus completing
another trend move.
So I will continue to add more buys and hold until the market breaks back for another ATH.
Patience is key and it is important not to get flustered by the lower timeframes but take your guidance only from your largest timeframes.
All the best for this week and remember to always practice.
#oneauberstrategy
#auberstrategy
#patience
#whywewait
#zigzagtheory
NAS100 FUTURE EXPECTATIONBullish: Until the All time high if the current SIBI FVG is invalidated I want it to act as support
NASDAQ: Touched the 4H MA200 and MACD Bullish Cross forming.Nasdaq turned neutral again on its 1D technical outlook (RSI = 49.926, MACD = 156.450, ADX = 29.632) as the price pulled back aggressively to the point that it reached the 4H MA200 again for the first time since the elections day. With the exception of Oct 31st, this level hasn't been touched since September 11th, as the trend is rising inside a Channel Up. The 4H MACD will form tomorrow a Bullish Cross, which has been an early buy signal on the previous bottoms. We expect a new bullish wave to begin. We aim again for a +6.80% rise (TP = 21,600) like the two bullish waves of the pattern.
See how our prior idea has worked out:
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NASDAQ targeting 25400 in the next 6 months. Don't miss this!!Nasdaq (NDX) hit this month our 20900 long-term Target, a level we called 3 months ago (August 12, see chart below):
As you can see, the index has been trading within a 2-year Channel Up and with the use of the Fibonacci Channel levels, we can determine on which phase of the Cycle we are.
Right now we are on the stage where the price has been rejected near the 0.786 Fib and pulled-back to the 0.5 Fib and the 1D MA50 (blue trend-line). This is exactly what took place from December 28 2023 to January 05 2024, i.e. during the previous Bullish Phase of the Channel. You can see that with the use of the Time Cycles, we can identify that the first such phase was on February 01 2023.
This is the phase that we've just completed and remarkably all 3 within the Channel Up completed a +20.88% rise. This further proves that the symmetry within this pattern is astounding. The larger Bullish Leg was completed on the previous two phases with a +49% and +48% rise respectively, so technically it is natural to assume that the current Bullish Phase (from the August 05 2024 bottom) will be completed on a +47% rise (-1% less than previously) at least.
This is why we're expecting to see 25400 as the next Higher High on a 6 month horizon.
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NAS100 afternoon updateBearish case for NAS100.
From ATH of 21247.5, proposed impulse wave down (red ellipse) and corrective wave up (green ellipse).
Price action in the context of proposed ending diagonal wave ((5)) (wedge) and failure of price to tag median line (red line) of pitchfork. Bottom of wedge has held as support for price in proposed wave (2) (red ellipse).
If count is correct, first sign would be impulsive price action (wave (3)) to break below wedge and head towards target of 18297.4.
If this is the market top, price will likely go much lower, back towards October 2022 lows.
NAS100 SELL ANALYSIS RISING WEDGE PATTERN Here on Nas100 price form rising wedge and is likely to fall if line 18345.5 break so trader should go for SHORT and expect profit target of 16323.6 and 14065.4 . Use money management
NASDAQ testing the MA50 (4h). Buy signal if broken.Nasdaq is on a slow rebound following the test of the long term Buy Zone, right over the MA50 (1d).
Today it hit the MA50 (4h) and so far it is struggling to close above it.
On all prior bottoms, once the MA50 (4h) broke, it issued a bullish confirmation.
Trading Plan:
1. Buy when the price crosses above the MA50 (4h).
Targets:
1. 21450 (the 1.236 Fibonacci extension).
Tips:
1. The RSI (4h) is also rebounding after a 30.00 test. Also consistent with all prior bottoms. This is an additional buy signal.
Please like, follow and comment!!
Notes:
Past trading plan:
Morgan Stanley: Trump’s Tariff Plans Could Lower Stock IndicesMorgan Stanley: Trump’s Tariff Plans Could Lower Stock Indices
As reported by CNBC, Morgan Stanley analysts have evaluated the potential impact of tariff plans proposed by Donald Trump during his presidential campaign on the U.S. economy and stock market.
Key initiatives from the president-elect include:
→ Introducing a general tariff of 10% to 20% on all imported goods.
→ Imposing additional tariffs of 60% to 100% on imports from China.
Morgan Stanley’s Chief Global Economist, Seth Carpenter, suggests these measures could:
→ Eliminate the possibility of interest rate cuts in 2025 and constrain economic growth.
→ Threaten a slowdown in U.S. economic growth by 2026.
→ Drive inflation higher.
→ Pressure industries such as automotive, consumer electronics, machinery, construction, and retail. Increased producer costs are likely to be passed on to consumers.
These scenarios imply a negative outlook for the U.S. stock market. Tariffs may reduce investment appeal and raise borrowing costs for companies, potentially dampening market performance.
How Might This Affect Indices Like the Nasdaq 100 (US Tech 100 Mini on FXOpen)?
Technical analysis of the Nasdaq 100 chart (US Tech 100 Mini) indicates:
→ A broad upward channel has formed in 2024 (depicted in blue).
→ During October, prices gravitated toward the median line, creating a narrower channel between Resistance and Support levels.
→ Around the presidential election, prices spiked to a peak on 11 November but subsequently returned to the median.
The 21,000 level has emerged as a significant resistance point. It briefly acted as support, but the price failed to hold above it. Could bears successfully break away from the median's pull?
So far, the chart shows no clear signs of bearish activity. However, should such signals arise, they would lend greater weight to Morgan Stanley’s forecasts.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
THE GRAND RESET: WORLDS MOST EPIC FORECASTAt one of the 2 levels labelled recession here i expect some very rich someones to flush the market
The year is 2024 Q4 yall know whats going on right now
aside from the foggy interest rates and already going back up inflation 21/11/24
the companies in here are all just OB 28.1 P/E is not something to play cheerleader about
its institutional grade take profit time (booms and the busts baby) no room for dumb blondes we moving our money to asia now, so dont be playing hodl yay hodl when the DXY crash to oblivion on some ZIMBABWE dollar dollar type zhit and the standard asset classes change to gold maybe rubles maybe yen maybe brics idk maybe whatever those UFO's gone bring when they come in peace (trust nobody and pray to GOD)
p.s im speculating might be right might be wrong i could say russia pretending really well to have a tough time with ukraine, we just speculating i could say kamala going to take that seat even though she lost... im just speculating i could say ripple is your last chance millionaire crypto heck i could say next recession here might not even come to pass cause nobody will be trading nasdaq or trading at all just another wall st degen from afrika what can i say
#speclife
p.s despite the satire im very professional in my work
like comment follow
if you wanna gift this user on black friyay with a premium go for it
Nasdaq Market Review: 22-NOV-2024Good morning, traders! Today's Nasdaq analysis will help you achieve your trading goals. Let's work together towards success.
Todays RangeI have been infromed to provide more insightful descriptions. As I really have no basis for these trades I like to just claim that the stars speak. So yeah the stars speak to me.
Long nasdnasjdjnkjdahjdjahsdbasjhfbj adjidhai hzjbxjzhsbdcjhzdsbcjz. dhzjdhsjzhsdbjzhbfcjhzbc iczuhidfhzdibchxbvjzhbvjxhbvjzcbvjz. zshdbjzhxcbj
Mastering the trading on Nasdaq index! targets and strategy!First of everything, let me introduce you to my chart to not feel lost when I am talking later about the strategy.
*You can see 5 moving averages on the chart, the yellow represents the average of the last 10 candles whilst the dark blue 20, the white 50, the dark purple 100 and the turquoise 200
*On the chart, you can find only 3 trendlines, the top one in yellow is the weekly frame downtrend, the middle one in red on the daily frame and also the upper line of the formed triangle or it could be too rising wedge pattern is the second downtrend line and the third one which as the bottom of them in purple is uptrend on the daily frame.
*On the chart you would find digits from 1 till 5 represent the last five noticed tops or HHs on the daily frame.
===Now let us go to the strategy and analysis===
*The price moved down initially from its ATH after almost reaching to the weekly down trendline (which you may see it now far but because it was drawn on the weekly chart) and also because it did not retest the downtrend in red to settle on and then jump up from. But rather it was pushed down more and it lost even to settle on the top of the bearish engulfing pattern’s high from the 14th July
*Then it lost more tops in a free fall! It lost tops no.4 & 3 (which were also bearish engulfing patterns and their highs are regarded often as strong support areas) and even lost the moving averages 10 & 20. Luckily it found a ground on the top no.2 and retraced up from.
* But will that mean that it will be pushed up to start another bullish run similar to the big one? Answer is no! I do not want to disappoint the long traders but I do not think it will happen and maximum it could reach in that retrace, if it is meant to retrace originally, to the top no. 3 or max 4
*I think you started to figure it out now and say it should go then to the top no.1 which it was before also another bearish engulfing pattern 😉yes that is the point.
* But let us return back to the beginning of the story, why did the index ignore to settle on top no.4, 3 and more likely also top no.2? The answer is because of two reasons. The first is that it reached to the downtrend line on weekly so I was not surprised from the beginning with that huge bearish wave as I expected that to happen. Second reason, that it broke the red down trendline and two tops on the way (I mean now 3 big support levels) so that means that index is going to touch and retest back the uptrend on daily basis in purple and also note please that it broke before the moving average 20 so it will go to moving average 50 which is not by luck too at the retest point at the trendline when price reach to there soon, because of those two reasons I see that it is with 99% the index will continue the strong bearish wave after that temporary bullish retrace ends.
**** Most important now what will happen after the index break through the uptrend line in purple and reach to 19909.94 to top no1 to the top whose green candle sparked and triggered all last bullish run, so the index wants to return back to that base where the bullish rocket was launched from ))? I expect that the daily candle will retrace so strong back from 19909.94 back to test the purple line and in case as per scenario 1 the daily candle will close above that purple line, you would see one of the biggest bullish retraces in Nasdaq ever!! But if the second scenarios will apply when the daily candle will close under that purple line, so that will generate huge and continuous bearish wave ONLY after the index complete its bullish retrace to the purple trendline and after back to moving average 100 and then 200 and could reach to 17794 even!
Conclusion: The index will go regardless any short bullish retrace to 19910 and it could be till 19890 but I will definitely close my trade at 19910 to avoid unnecessary strong bullish retrace and I plan after I close it to open long trade also from that level!
For trading safe, I would recommend to close your trade at 20230 or you can bear the retrace and take your well worth risk and wait till index reach 19910 like what I will do.
NOTE!!! 19910 is also the 0.50% level of my Fibonacci retracement on the daily chart.
I hope that you understand my point of view and I wish you all the best!
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
NAS100 Technical Analysis and Next Week's Trading PlanTrend Overview:
NAS100 has recently completed Wave 5 of a higher-degree impulsive structure, indicating a potential trend reversal or a corrective move is imminent. This is consistent with Elliott Wave Theory, where after a 5-wave move, the market typically retraces in a corrective 3-wave pattern (ABC).
Key Structural Observations:
Wave 5 Characteristics: Sharp rally towards 21,247.5 suggests exhaustion of bullish momentum as it aligns with a liquidity zone.
Significant Break of Structure (BOS): A bearish BOS at the daily level signals potential trend weakness.
2. Technical Components
A. Elliott Wave Analysis
Current Count:
Wave 5 Completion: The chart shows Wave 5 at 21,247.5.
Expectation: A corrective Wave ABC towards lower levels, targeting key support zones.
Next Move:
Wave A: Likely to move toward the dealing range low (20,465.8).
Wave B: A shallow retracement before further downside.
B. Harmonic Patterns
Bearish Harmonic Pattern Completion:
The harmonic structure completes near 21,247.5, a confluence zone marked by Fibonacci extensions (0.786 of Wave 4 and 1.272 extension of Wave 3).
Expect strong selling pressure near this level.
Harmonic Implications:
Downward targets align with Fibonacci retracements:
38.2% at 20,758 (minor support).
61.8% at 19,777.5 (major support).
C. Order Flow and Liquidity
Liquidity Zones:
Buy-Side Liquidity (BSL): Stops above 21,247.5 represent trapped buyers in the rally, making this level a magnet for liquidity grabs.
Sell-Side Liquidity (SSL): Stops below 20,465.8 will likely get targeted during the correction.
Point of Control (POC):
POC at 19,493.2: A high-volume area that aligns with the lower end of the dealing range, marking a potential demand zone.
D. Volume Profile
Volume Concentration:
Significant buying volume occurred in the range 20,758–19,888, suggesting this range will act as initial support during a pullback.
Low Volume Areas (LVAs):
Thin volume between 21,000 and 21,247 indicates potential for a rapid decline if selling pressure emerges.
3. Key Levels
Resistance Levels:
21,247.5:
Major swing high and harmonic completion zone.
High-probability reversal area.
Support Levels:
20,758: Minor support (38.2% retracement).
19,777.5: Major support (61.8% retracement).
19,493.2: Final support zone (Point of Control and low of dealing range).
4. Next Week's Trading Plan
Scenario 1: Bearish Move (Primary Plan)
Short Setup:
Entry: Enter short positions near 21,247.5, targeting liquidity above this level.
Stop Loss: Set stops above 21,300 (beyond the invalidation of Wave 5).
Profit Targets:
Target 1: 20,465.8 (sell-side liquidity zone).
Target 2: 19,777.5 (major Fibonacci support).
Target 3: 19,493.2 (POC/demand zone).
Rationale:
Exhaustion of Wave 5 aligns with harmonic completion and liquidity grab.
Scenario 2: Bullish Move (Secondary Plan)
Bullish Setup:
Entry: Enter long positions if price retraces to 20,758–19,777.5 and shows bullish rejection (e.g., pin bar, engulfing candle).
Stop Loss: Set stops below 19,424.3 (final invalidation of bullish structure).
Profit Targets:
Target 1: 21,138.9 (prior swing high).
Target 2: 21,247.5 (retest of highs).
Rationale:
The correction might end within the identified dealing range, providing a favorable risk-reward for longs.
5. Key Validation and Invalidation Levels
Bearish Bias Invalidated:
Sustained break above 21,300 suggests continued bullish momentum.
Bullish Bias Invalidated:
Break below 19,424.3 invalidates bullish correction, signaling deeper retracement.
6. Risk Management
Position Sizing: Keep risk per trade between 1-2% of capital.
Risk-Reward Ratio: Aim for 3:1 or higher.
Max Loss for the Week: Do not exceed 5% drawdown.
7. Additional Considerations
Economic Calendar: Monitor macroeconomic data that could impact U.S. indices.
Market Sentiment: Watch for news and earnings that may affect NAS100 components.
Live Order Flow: Track changes in real-time to confirm bearish/bullish moves.
USNAS100 / STILL BEARISH AREA !!!Technically:
The price did its retest to 20655 and dropped again.
So, Now it has a bearish area as long as trades below 20550 to get 20330
the retest possibility is till 20660; then stability below that level will remain a bearish trend.
Otherwise, stability above 20660 by closing 1h or 4h candle will attend a bullish trend toward 20860
Key Levels:
Pivot Point: 20550
Resistance Levels: 20660, 20860, 21070
Support Levels: 20330, 20130, 19950
Trend Outlook:
Bearish below 20550 and 20660
Bullish above 20660
Nas100 Bearish IdeaOnly going off of what information the chart has showed and in no way trying to predict anything. This week I'm bearish on Nas100 looking for it to retest the new resistance that was once support to see if it will hold. If price can stay under that resistance I will be looking to enter a trade at that level and targeting previous support. I try to keep trading simple by letting the charts show me the levels they want to go to and me reacting. Any feedback is appreciated :)
Potential bullish rise?USTEC has reacted off the pivot and could rise to the 1st resistance level which has been identified as a pullback resistance.
Pivot: 20,578.80
1st Support: 20,330.46
1st Resistance: 21,019.83
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Price Action Analysis: Bearish Continuation or Bullish ReversalTechnical Analysis:
The price experienced a significant decline of approximately 3.9% over the past week, as previously highlighted.
Currently, a potential retest of the 20550 or 20660 levels is anticipated. Sustained stability below these levels would reinforce the bearish trend, paving the way for a decline toward 20330, with a further drop to 20130 if this level is breached.
On the other hand, if the price stabilizes above 20660, confirmed by a 1-hour or 4-hour candle close, it would signal a shift to a bullish trend, targeting a move toward 20860.
Key Levels:
Pivot Point: 20550
Resistance Levels: 20660, 20860, 21070
Support Levels: 20330, 20130, 19950
Trend Outlook:
Bearish below 20550 and 20660
Bullish above 20660
NASDAQ TODAYToday is a calm day for US100 until the 3:30 PM pull ;
today, it seems like it ll be going down after a lot of hesitations, a lot of reticence to get over 21K ;
we managed to get the descent the other day (orange lines), today seems like either a big pull out, going towards 22K, but pretty unlikely to happen, or a big drawdown like that, reinitializing RSI for the next rally.
