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Trend Based Fib Extension (PRO HACK) SUPPORT & RESISTANCE is one of the most important key elements in trading. Without knowing the key Support & Resistance levels, you will never have a true understanding of where the market could go to or reverse from. One very important factor worth knowing is the markets overall, trend Support & Resistance levels. While there are a lot of different methods in finding these levels, like pivot points, previous day high and low, or monthly or yearly and so on. One of the most promising, tried and tested ways is to use a Fibonacci Tool. Now YES, there are MANY Fibonacci Tools to choose from and use but if you need to know the fib levels for a trend, use the TREND BASED FIB EXTENSION. Along with using the TREND BASED FIB EXTENSION, you need to know the correct time frame to actually plot this tool on. There is no right or wrong time frame nor is there no right or wrong way in plotting this tool, BUT we need to know and understand the overall picture of the market as a whole and if you are thinking about the market as a whole, we need to use the correct time frame to show us that. So we turn to the 12M TIME FRAME! The 12M Time Frame is what's going to show us the OVERALL TREND of the asset we are looking at, from the start right to current time. Now keep in mind that this can work on EVERY SINGLE ASSET. We use the 12M time frame because we need to plot the trend base fib extension to show us our MAJOR FIBONACCI SUPPORT AND RESISTANCE LEVELS. These levels are for the OVERALL TREND OF THE GIVEN ASSET. By plotting it this way we actually have an idea as to where the market is going LONG TERM. So head over to whichever asset you are tracking, choose the 12M time frame and make your chart large enough to fit the screen. In order to plot this tool, you need to know your highs and lows because this tool is used from your lowest point to the first swing high and down to your next swing low, once those 3 are connected the tool will automatically plot your levels. One easy way to find your swing highs and lows is to use a ZIGZAG with a length of either 1 or 2. That setting will give you the most accurate points. In the drawing tool box you can you the TREND BASED FIB EXTENSION tool, once you select it and you know where your 3 points are then you plot it accordingly, you will start from your Lowest, to your Swing High and then down to your Swing Low. To get accurate plots, use the data window and get the exact low and high prices and enter the accordingly into the fib tool settings (coordinates tab). Adjust your settings with your style preferences, the fib levels that you want to see on your chart, and once done, lock the tool in place and BOOM, YOU NOW HAVE YOUR MAJOR ALL TIME SUPPORT AND RESISTANCE LEVELS PLOTTED ON YOUR CHART. Now you have a full understanding on the market overall trend by knowing where the major support and resistance levels are. You can go back to your lower time frame in which you trade from and now you will have a much clearer understanding as to where the market might stop or reverse from, according to the bigger picture. With that in place, you can use other methods of confluence to get entries, set stops, find direction, you can even go down to lower time frames to use a Fibonacci retracement tool or the trend based fib extension to get sniper entries and set targets. The key takeaway from this is for you to know the overall direction of the market you are trading and to know where potential areas of support and resistances are which leads to the major reversals in the market. I do hope this publication helps you in some way or another, even if it helped just 1 person out of many, I will be glad. HAPPY TRADING :) ==if you have any questions then please drop a comment, thanks==
OANDA:NAS100USDEducation
by avziofficial
Nas100 Buy Setup Pending Bullish TDI ConfirmationNasdaq 100 (Nas100) has begun September with a bearish trend, mirroring the OLHC structure observed last month. We are currently awaiting strong support on the daily timeframe to confirm a potential buy opportunity. Buyers are expected to enter the market once a bullish TDI cross appears on the daily chart . I have identified three targets for this setup: - First Target: 18,160.95 - Second Target: 19,031.30 - Third Target: 19,445.56 Exercise extreme caution and wait for clear signals before making any moves. Patience is key. If you find this analysis helpful, kindly like, share, and leave a comment.
FX:NAS100Long
by ezeepips
Futures Steady Before Payroll Data Amid Middle East RisksFutures Steady Ahead of Key Payroll Data Amid Middle East Tensions U.S. stock index futures remained subdued on Friday, as investors exercised caution, holding off on major moves ahead of the critical payrolls data release while monitoring potential escalations in geopolitical tensions in the Middle East. Nasdaq Technical Analysis: The price may initially aim for the 20,020 or 20,090 levels before potentially declining to 19,860. A decisive break below 19,520 could signal a further downward move towards 19,520. Overall, the price will likely consolidate between 20,090 and 19,750 until a breakout occurs during the Non-Farm Payroll (NFP) release. Key Levels: Pivot Point: 20020 Resistance Levels: 20090, 20280, 20440 Support Levels: 19860, 19620, 19520 Trend: - Bearish below 19860 - Bullish above 20090
OANDA:NAS100USD
by SroshMayi
2
DreamAnalysis | Nasdaq Analysis Trends and Key Levels✨ Today’s Focus: US100 (Nasdaq) – A Critical Market Asset We’ll analyze recent price movements and share insights on potential future trends based on key market levels. 📊 Current Market Overview: Currently, the price has swept a significant Sell-Side Liquidity (SSL) level, but there hasn’t been much movement since. The market is consolidating, and it’s essential to monitor the recent Buy-Side Liquidity (BSL) and SSL levels. Based on current conditions, we anticipate a likely downward movement, and we’ll explain why. 🕓 Key Levels to Watch: Here are the critical zones we’re tracking: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - BSL: Buy-Side Liquidity - SSL: Sell-Side Liquidity - 4H FVG: Fair Value Gap (imbalance zone) These levels represent crucial areas where price may accumulate liquidity or rebalance. Fair Value Gaps (FVGs) indicate zones where the market might retrace to gather orders before continuing its trend. 📈 Bullish Scenario: For a bullish outlook, we would look for long positions following a sweep of the Previous Week Low (PWL). However, we need to wait for the SSL to be taken out first. Once that occurs, we can target long positions aimed at the Buy-Side, specifically focusing on the BSL and Equal High (EQH). 📉 Bearish Scenario: The optimal bearish scenario involves a sweep through the Buy-Side Liquidity (BSL), followed by a tap into the 4H Fair Value Gap (4H FVG), which coincides with the 0.5 Fibonacci Retracement level. Alternatively, we could see the price rise higher, taking out the EQH or even the Previous Month High (PWH) before reversing. Therefore, we’ll need a lower time frame (LTF) entry model rather than entering shorts impulsively. 📝 Conclusion: Stay adaptable to evolving market conditions. By closely monitoring these key levels and scenarios, you’ll enhance your strategy and identify potential opportunities. 🔮 Looking Ahead: Keep an eye out for updates as we track the NASDAQ, DXY, EUR/USD, and other major currency pairs. Expect timely insights as market trends unfold. ⚠️ Disclaimer: This information is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
CAPITALCOM:US100Short
by DreamAnalysis
1
US100 H1 - Short SignalUS100 H1 Here is a little range we were discussing yesterday evening on the call, this 19,850 resistance price, down to 19,600 support price, a nice 250 point range which could be utilised. I'm not going to go too heavy with the setups today, because until we see the data cluster, we want to observe rather than to be involved so much. Markets are often hesitant and stagnant around these types of economic events. So lets just sit cash for a while and evaluation post event, hopefully the data will give us some opportunities and entries and the stock market open will really help push the volume and give us some drive we need to yield some nice profit.
CAPITALCOM:US100Short
by Trade_Simple_FX
1
NAS100 on 2 HourPrice is displaying a clear shift of trend structure currently forming lower lows & highs. Price at the all time highs, had a bearish engulfing reaction occur, and failed to make a new higher high after showing that buyers had no more momentum to move price higher and sellers stepped in to shift the market structure, creating a new lower high and shifting the trend. Since then price has formed new lows, and is currently retesting a previous area of support structure as new resistance, in consolidation back at the top of the range. Price is also at the 50 fibonacci retracement which aligns in the zone from the last impulsive move. I am anticipating that price will hold the zone, and enter back into the impulsive stage of the downtrend again, resuming back to the previous lower low, and if that is broken, then a new low can be formed to continue the downtrend.
FX:NAS100
by Profound_Ambition
Nasdaq 100 Buyers May Want to Wait for Lower PricesNASDAQ 100 buyers might find a better entry point if they wait a couple of weeks, as prices are currently stuck in a large triangle pattern. Support is close to the September low of 18,309. With the general election approaching, traders could soon take profits. The NASDAQ 100 and other stock indices have already seen significant gains. Historically, the S&P 500 tends to rise by around 30% in election years, with the S&P 500 already up by 19%. This suggests that the upside might be limited. However, if the NASDAQ 100 doesn't drop toward the September low, there's a chance for a bullish breakout of the triangle pattern. A breach of 20,119 will likely signal that the price is ready to head higher. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
N
by ThinkMarkets
Nasdaq / It looks bearish, especially with stability below 19860Nasdaq Technical Analysis: The price dropped as we mentioned yesterday and still running to get 19520 while trades under 19860 So the direction will be downward for today till 19520 with correction till 19860 otherwise, stability above 19860 will try to touch 19950 and 20080 Key Levels: Pivot Point: 19770 Resistance Levels: 19860, 19980, 20090 Support Levels: 19620, 19520, 19170 Expected Trading Range for Today: 19870 to 19520 Trend: Bearish while under 19860 Previous idea:
OANDA:NAS100USDShort
by SroshMayi
#NAS100 4HNASDAQ 100 (NAS100) 4-Hour Chart Forecast: The NASDAQ 100 index (NAS100) is displaying bearish potential on the 4-hour chart, suggesting a possible sell opportunity. The price is currently testing a key resistance level, and a retest of this level may offer a favorable entry for a short position. Key factors supporting the sell forecast: Resistance Retest: The price has approached a significant resistance level and is showing signs of hesitation. A retest of this zone could confirm its strength as resistance, making it an attractive level to initiate a sell position if the market fails to break higher. Bearish Pattern Formation: The chart might be forming a bearish technical pattern, such as a double top or head and shoulders, signaling the potential for a downside move after the retest of resistance. Momentum Indicators: Technical indicators like the RSI or MACD could be showing bearish divergence or overbought conditions, hinting at a possible reversal from the resistance level. Traders should wait for a confirmed retest of the resistance level before entering the sell trade. A clear rejection from the resistance zone would strengthen the bearish case. Stop-loss orders should be placed above the resistance level or recent swing highs to manage risk, while profit targets can be set at key support levels or previous lows. However, traders should remain cautious and monitor for any signs of a breakout above resistance, which would invalidate the bearish outlook. Overall, the technical setup favors a sell strategy for NAS100 on the 4-hour chart, pending a successful retest of resistance.
FX:NAS100Short
by PIPSFIGHTER