NASDAQ coiling ahead of downtrend resistance In the lead-up to tomorrow FOMC meeting, and driven by various dovish news reports, the interest rate market is pricing in 40bp of cuts —raising the odds considerably of a 50bp rate cut tomorrow. The basis for this is it would be improbable for the #Fed to allow pricing to move so far towards a 50bp cut only to let markets down with a 25bp cut, risking a repeat of the vicious sell-off viewed in early August. The #NASDAQ100 's impressive rebound from the early September 18,400 low has it up nudging up against downtrend resistance at 19,600/620, which comes from the July high of 20,690. A sustained break above 19,600/20 would signal that the correction from the 20,690 high is complete and that the uptrend has resumed towards 20,690 and then 21,500. Conversely, a failure to see a sustained break above 19,600/20 would warn that the correction is set for another leg lower towards the 200-day moving average at 18,200.by IG_com5
US100 (NDQ): Trend in 2H time frameThe color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas. If the NDQ chart does not react to close levels, this analysis will be invalid. So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive. BEST, MTby MT_TUpdated 8
NDQ (US 100 Index) 1W analysis - Sep 12 2024Weekly chart of US 100 index is suggesting that the possibility of a crash in US stock market is rather high! In fact the index is already in the heavy resistance zone of 19,000 - 20,400 and bearish divergence can be seen (both mid-term and long-term) While the index is inside the resistance zone, breaking below the blue trendline is the confirmation for the huge drop and will lead to a huge sell pressure in the market. The reason for this possible crash is probably weak data related to the labor market. Having a Buy position in US stock market is indeed risky these days as the index can even touch Oct 22 low and probably even lower levels if the drop is confirmed!! #NDQ #US100Shortby AlgoBotTrading3
US1003-week Projection before the US Elections -From current Market Price @18800 After the Apple Event, the market has seen a correction after NVDA share price drop My colleague and I are expecting a major bull run in the next couple of weeksLongby Ballers14083324
NASDAQ With Bearish Signs Ahead of FOMC MeetingNervousness is rising ahead of the FED meeting next Wednesday. The markets are now pricing in an interest rate cut of 50 basis points - a bad omen for the US economy. In the short term at least, we therefore expect prices on the NASDAQ (and other indices) to fall.Shortby OchlokratUpdated 2
NAS100USD Middle of rectangle patternIt’s going up till 20387 then going down till 18831 (in extension 18554) and another buying opportunity in begging of October. The stock market is highly volatile. Please be very careful with your investments. Longby FXJ7772
Will this H4 FVG be filled today ?I think that there is a possibility for this FVG to be filled today.NShortby trader779741
NAS100 I Potential long from bottom of the channelWelcome back! Let me know your thoughts in the comments! ** NAS100 Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!Editors' picksNLong04:03by BKTradingAcademy3232284
Is the Nasdaq breaking through its resistance?According to the resistance range of 19612, after the failure of this area, it can be expected that the range of 19891 and 20208 will continue to rise. Otherwise, after breaking the support range of 19275 Expect this index to fall to the range of 19089, and if the strength continues to fall to the range of 18909 by arongroups1
Weekly Analyses and RecapSep 16 - 20 2024 Hi Traders and Welcome to Another Weekly Analyses and Recap Idea Post. Last week the bulls held their strength and price was on a strong uptrend with only a 1H Low as the biggest TF to make a HL. This 1H Low occurred on Wednesday Sep 11 after CPI and acted as a retest before continuing the bullish trend. Although this was not the low I anticipated, it acted as a key entry point to continue the uptrend which continued up to a high of 19,565.9. On my chart I have highlighted bearish levels of resistance as red zones where price previously respected or retraced to signal some form of a HL. Following the 1H Low, the next retracement level was at 19,235.1 for price to retrace. This retracement only signalled a 45min HL and once again was not the kind of low I anticipated. This further highlights how strong the bulls were last week. Historically, once price has completed it's retracement, it will recover the sells and less than half the time the sells took the play out. So for example, the 23H HL took 2 weeks to complete to make its lowest point at 18,305.1. Within one week the 23H LH now sits at a high of 19,565.9. This is an indication that the retracement period may be over and we are resuming an uptrend. Trading Plan for This Week: Since price is at a high, we cannot buy at a high but rather wait for HLs to signal on the larger TFs for an entry point. On my chart I have indicated a consolidation zone in orange where price previously retraced. At the time of this post, price is currently at 19,500.9 and is currently retracing from the high of last Friday. However, since the 7H TF is the biggest TF at a LH which needs to signal a High I anticipate that price will eventually continue bullish during London or NY session up to 19,647.7 to signal a 7H High. With the 7H TF being at a high, all the timeframes from the 23H down will be at their highest point making the retracement valid down to 19,134.8 to signal possibly a 4H HL. 19,134.8 is chosen as a TP of interest because - it currently sits at the 38.2% fib level of extreme volatility. - it is within an area for which previously acted as a resistance but since price broke out this resistance level can turn into a support. Once price reaches 19,134.8 only then will I look for buys. Daily HL signal - indication of a new low 23H LH - bullish correction 4H HL to 23H HL - confirmation of bullish reversal to ATH From a fundamental standpoint, we do have the Fed's interest rate decision and FOMC which can cause added volatility since the markets anticipate the Feds to announce rate cuts. So then it possible that the price will not signal a HL on the bigger TF and will make a series of HHs and HLs on the 1H TF to break above the orange consolidation zone to new ATHs. by jhannellefrancis4
US _ 100 _ Cash _ CFD _ Sep_ Distribution _ Prices _ Under _ TraUS _ 100 _ Cash _ CFD _ Sep_ Distribution _ Prices _ Under _ Trading _ Venue _ PEPPERSTONE. Good week ahead . Expecting the following same as I will be expecting tomorrow will be Monday (GMT). 1st Distribution prices: $19,551.9 $19,592.6 $19,594.0 $19,639.6 $19,676.5 $19,717.7 $19,731.6 ____________________ Retest (drop) To the key level of $19,430.3 2nd Distribution price: $19,925.7 $20,149.1 $20.229.6 ____________ It may struggle to 3rd Distribution: $20,343.9 $20,390.3 ________________ Prepare for descending to the key level of, $19,052.9 , $18,895.0Shortby Skill-Knowledge-Conduct1
i think is it triangle patern you can see 2 scenarios . i am actualy waiting for new FED news by fotbalistarb1
NAS100 (Nasdaq) Technical breakdown (1h) (15m)Harmonic Patterns: Gartley Pattern The Gartley pattern, as you highlighted, is a five-point price formation. It's a powerful harmonic pattern for predicting potential market reversals. X: The initial move or trend, establishing the directional bias. A: First correction in the opposite direction of X, signaling a pullback. B: This leg retraces XA, typically by 61.8%, marking a key turning point. C: Projects from AB, often a retracement to 61.8% or 78.6% of the XA leg. This projection serves as an intermediate level before D. D: This point completes the pattern and is a potential reversal zone, determined by the 127.2% or 161.8% extension of AB. Traders look to enter here, expecting a significant reversal. Support and Resistance Levels The horizontal lines represent critical price levels: Support: Acts as a floor where price may find buying pressure and reverse upward. Resistance: Acts as a ceiling where price may face selling pressure and reverse downward. These levels help identify optimal entry and exit points, especially when combined with harmonic patterns like the Gartley. Trend Lines Diagonal trend lines connecting significant highs and lows show the overall direction of the market: Uptrend Lines: Connecting higher lows during an upward movement, showing areas to watch for pullbacks in a bullish trend. Downtrend Lines: Connecting lower highs during a downward movement, indicating areas of potential resistance in bearish markets. Trend lines serve as additional confluence when assessing the validity of the Gartley pattern at point D. Fibonacci Retracements and Extensions Fibonacci ratios are crucial for identifying potential reversal levels: Retracements: Used to measure corrections within the XA leg, typically at 38.2%, 50%, or 61.8%. In this case, the B and C legs are based on Fibonacci retracements of the XA leg. Extensions: These project the next potential price move. The D point in the Gartley pattern is often identified using Fibonacci extensions (127.2% or 161.8% of the AB leg). Annotations UT in Phase B (D): Likely refers to an Upthrust in Phase B of Wyckoff's method, indicating a false breakout or test of resistance, suggesting a potential turning point. Current Strong: Indicates that the prevailing trend (either bullish or bearish) has strong momentum, likely backed by volume or momentum indicators. LPSY (Last Point of Supply): A term from Wyckoff analysis, signaling the final effort of buyers before a price decline in a distribution phase. It often indicates bearish sentiment. Interpretation The trader is likely using a blend of harmonic patterns, support/resistance levels, and Fibonacci analysis to find entry and exit points. The Gartley pattern helps spot potential reversals at key levels, while trend lines and Fibonacci levels offer additional validation. Potential Trading Strategies Long Entry Strategy: Setup: If the price is nearing a major support level and the Gartley pattern is completing at point D, traders may look for a bullish reversal pattern to go long. Confirmation: Price action signals such as bullish engulfing candles, pin bars, or divergence on indicators (like RSI) can confirm the reversal at point D. Targets: Fibonacci retracement levels (38.2%, 50%, or 61.8% of the AD move) serve as potential profit targets. Short Entry Strategy: Setup: If the price is nearing a resistance level and the Gartley pattern is completing at point D, traders may look for bearish reversal signals to enter short. Confirmation: Look for price action patterns (like a shooting star or bearish divergence) near point D to confirm the setup. Targets: Again, use Fibonacci retracement levels (38.2%, 50%, or 61.8% of the last move) as exit targets.Longby spacedevil2
NAS100 FVG and Resistance could signal bearish movementCurrently looking at the daily FVG as well as resistance on the daily at 19,700. I envision two possible scenarios: A run up to 19,700 before heading down to fill the gap OR A more immediate move to fill the gap before continuing the bullish trend Retail sales data and Fed news on tap this week so that might push the market in either direction. Either way, I can see that gap being filled sooner rather than later.NShortby dustinkrat1
Look Both Ways Before Crossing The StreetHey, I’m back and better. Just tweaking a lot of things when it comes to my strategy but always remember price action comes before everything else. I am looking to sell NASDAQ this week my confirmations to sell are due to liquidity zones we also are forming a Symmetrical triangle following the Elliot Wave principles the D wave is the Correction and E wave will be the impulse. The market is Correcting right now but overall still Bullish Technical Analysis is a language - Jeffery Kennedy Shortby moneymastermoe11
Nasdaq - The stock market is waiting for the FEDThe index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel If the index falls towards the demand zone, which is also at the intersection with the weekly pivot and channel bottom, you can look for the next buying positions of the Nasdaq indexLongby Ali_PSND2
NAS100 - Divergence Supported Bullish Break outNASDAQ 100 broke through short term and medium term trendline after printing massive divergence on MACD. Price will likely retest the resistance cum support zone and then will resume the bullish momentum. Price has shown bouncing behaviour from this very zone multiple times in the recent past. Longby marazzaq621
Nasdaq continues to rise?It can be expected that the range of 19891 will continue to rise, and after the failure of this resistance, it can be expected to rise to the range of 20208. Otherwise, return to the support range of 19600 and after the failure of the support, wait for the drop to the range of 19275 and 19089. by arongroups1
NASDAQ 100 (NAS100)If the Federal Reserve decides to implement a 50 basis point cut, it can often lead to a positive market reaction, particularly in technology-focused indices like the NASDAQ 100 (NAS100). However, predicting the exact magnitude of the movement is challenging as it can vary based on various factors, including:1. **Market Sentiment**: If the market perceives the rate cut as a strong signal of support for economic growth, NAS100 could see a notable rally. 2. **Investor Reactions**: Traders might react differently based on their expectations before the announcement. If the cut was anticipated, the immediate reaction might be muted, as much of the effect could have already been priced in. 3. **Additional Factors**: Other influences such as earnings reports from tech companies, inflation data, or global economic conditions can also affect how NAS100 responds post-announcement. In general, historically, significant rate cuts have led to positive movements in indices like the NAS100, potentially allowing for gains in the range of 1-3% on the day of the announcement. However, actual outcomes will depend on the factors mentioned above and cannot be guaranteed. It’s always wise to consider volatility and other market conditions when investing.Longby US30EMPIRE3
US100 ANALYSIS Nasdaq / US100 forms bearish channel now in base correct towards upside liquidity after that I'm looking for sell side FVG there Follow MM , RM Longby DNA_traderofficials1