USATEC trade ideas
ShortsYesterday September 3rd 2024, price was bearish throughout after Monday holiday...and after such expansion we will be expecting a retracement to the expansion range or a total reversion to the upside....stay tuned for the outcome during the New York session (8:30-12noon New York time)
Nasdaq thoughts 04-Sept-2024Good morning everyone. Kindly find my trading zones for trading opportunities on Nasdaq today, I hope this gives you some position opening insights for today. Remember these are not signals and you use them at your own risk
NAS100 - Set up and waiting for confirmationTeam, I am setting up the long position, howver I still waiting for the confirmation.
The current market price is 18814, I would prefer if it reached above 18836-42 to confirm my long position.
If the market break though the support line 18784 then we call it off.
If the price however consolidate and move toward the above price 18836-42, then I will enter my long position, with stop loss at 18772
Target 1 - 18964.70
Tareget 2 - 19196.50
NASDAQ / US100 /US Tech Money Heist Plan on Bullish SideMy Dear Robbers / Money Makers & Newbies,
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Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
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Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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Nasdaq pull back from Daily FVGNasdaq could potentially reverse from the current daily fair value gap which is the key level to reverse the market if not then the same PD array will used inverted to sell
Wallstreet - Nasdaq100 short trade update Following the Nasdaq 100’s close below 19,400 on Thursday last week, we moved to a tactical short bias in the Nasdaq 100.
The basis for the short recommendation was based on the idea that the correction in the Nasdaq 100 from the 20,690 high to the August 17453 low is missing a leg lower towards the 18,000/17,700 support area coming from the 200-day moving average and uptrend support from the December 10,671 low. There is a possibility of downside overshoot towards support at 17,000, a wave equality target.
We will remain with the tactical short view unless the Nasdaq 100 sees a sustained break above last week's swing high of 19,938. For those who would prefer to manage the trade more closely, you could use 19,650 as the stop loss, just above the high of the NDX over the past five days.
NAS100 Outlook💹 Indices:
📉 Bearish Outlook:
NAS100 has been breaking into new lows on our 2hr, 30m, and 5m time frame.
Context time frame (2hr): Price has been surfing below the 10ema and is showing strength.
Context time frame (2hr): Price needs to correct and come back to the 10ema for a valid pullback before looking for shorts.
Keeping an eye on this for tomorrows NY session. 👁️
NASDAQ Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 18350, NASDAQ was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 18350 support and resistance area.
Trade safe, Joe.
Nasdaq - Here we finally go!TVC:NDQ is finally rejecting the resistance and creating the anticipated bearish correction.
Let me just put it that way: The correction was 100% anticipated and you can definitely then trade accordingly. Just a couple of weeks ago the Nasdaq retested a resistance which has been pushing price lower for 14 years - a correction was very likely. So far the Nasdaq is dropping significantly but I don't think that the current correction will actually be over soon...
Levels to watch: $16.000
Keep your long term vision,
Philip - BasicTrading
NASDAQ - The Darkest Hour Is Just Before The DawnThat was quite a slaughter today, wasn't it? So I'll say it right away: this analysis is no joke.
I assume that today's sell-off heralded an imminent rally that will soon take us to new all-time highs. Because from a technical perspective, today we have only touched the 38.2% retracement of the upward movement between August 5 and August 22, 2024. Bearish doomsday scenarios look different.
We are now bullish in the medium term. We expect the NASDAQ to reach its next high of at least 21,500 points, and the 22,000 point mark is also a distinct possibility. We are placing the stop loss below a gap that is still open. The 50% retracement of the aforementioned upward movement is also located in this area.
USNAS100 / Still toward 19185 !!!Nasdaq Technical Analysis
The Nasdaq price has stabilized below the pivot line at 19,535, signaling a bearish trend, particularly given the significant bearish volume below this level.
As long as the price remains under 19,535 and 19685, it is likely to continue declining, potentially reaching 19185.
However, a break above 19685, followed by 19820 and 19975.
Key Levels:
Pivot Line: 19535
Resistance Levels: 19625, 19972, 20100
Support Levels: 19290, 19185, 18940
Expected Trading Range for Today: 19685 to 19185
Trend: Bearish, as long as the price remains below 19,535.
NDX climb to 22k soon.It's gonna bounce either from the current middle green line or the one below and i think it's going to follow one of the lines i drew depending on which one it bounces from.
Nasdaq fall aheadEverything on chart.
Daily chart version.
QML
FIBONACCI
and whatever else you can find.
Fall/crash looks assured 10-20% or more.
NAS100USD / TRADING BELOW TURNING LEVEL - 4H NAS100USD / 4H TIME FRAME
Tendency , prices is under downward pressure , until trading below turning level at 19,550
Downward Condition : The price is currently under downward pressure, and this trend is expected to persist as long as it remains below the turning level at 19,550 . This indicates a potential decline toward the support level (1) at 19,164 . Should a 4-hour candle close below this support, it would signal increased bearish momentum, likely resulting in a further drop toward the next support level (2) at 18,751. This scenario underscores the importance of monitoring these levels closely, as staying below the turning level could lead to continued weakness in the market.
Upward Condition : For an upward trend to establish itself and target the resistance level (1) at 19,908 , prices must first break through the turning level at 19,550 . This breakout is a crucial indicator of potential upward momentum. To further validate this movement, prices should stabilize above the resistance level (1) , which would set the stage for reaching the resistance level (2) at 20,218. However, if prices encounter the first resistance level but fail to break through and stabilize, it suggests that the upward momentum may be insufficient, leading to a potential retest of the turning level. This retest could indicate a pause or reversal in the upward trend, requiring further observation before a clear direction is determined.
NAS100USD / buy above 19,550
SL: 19,480
TP: 19,908
TP: 20,218
NAS100USD / sell below 19,550
SL: 19,600
TP: 19,164
TP: 18,751
NAS100: Another Shot at Going LongOur first NAS100 trade started off strong, moving more than 50% in our favor, but then it dipped below the stop loss. I’m betting those who were in on it took some profits at the halfway mark and moved their stop loss to break even. Now, NAS100’s looking like it’s ready to give us another crack at a long position if it hits the right level. Keep your eyes peeled for this one!
