Nasdaq Market Review: 14-OCT-2024Good morning, everyone! Today's Nasdaq analysis is designed to educate and empower. Use these insights to refine your price action trading strategy.
US100 trade ideas
NAS100 Price ActionHello Traders,
The market is open, and today I’d like to share a simple yet effective strategy that can help you achieve a risk-to-reward ratio of 1:5, or even up to 1:15.
Start with a higher timeframe – I personally prefer using the 4-hour chart. Identify the swing high (which represents buy-side liquidity) and the swing low (representing sell-side liquidity).
Once the price grabs either the buy-side or sell-side liquidity, switch to a 5-minute or 15-minute chart.
Look for a Fair Value Gap (FVG), which will be your entry point. Set your target at the next swing low, just like I’ve done in this setup.
NOTE - Make sure trades are open or active during London/New York Session!
Even with a 40% win rate, this strategy can put you ahead in the long run.
Good luck, and thank you!
NAS100 10/14/24 - 10/18/24💡
🔍 5hr time frame: NAS100 has been accumulating/trending bullish above the 10/20emas and has corrected into the 10/20emas. I will be waiting for the 30m time frame to make a impulse and show a valid impulse above the emas as well as a correction into the 10/20emas just like the 5hr has showed.
Bias: Bullish
NDX v SPX. Nerd America comes closer to the Nerd sunsetThe main graph represents NDX v SPX ratio.
Like 25 years ago, new super duper brave generation of Nerd America comes closer to the next one Nerd sunset.
Nas100We looking for selling opportunities as long we are still under the ceiling resulting in sells to the downside
#NAS100 1DAYNAS100 1D Analysis:
On the daily chart, NAS100 is displaying a rising wedge pattern, a bearish formation that suggests the current upward trend may be nearing exhaustion. Additionally, the price action has entered a **bearish engulfing** area, indicating strong selling pressure.
Forecast:
-Sell: With both the rising wedge and the bearish engulfing pattern in play, a sell is anticipated. A breakdown below the wedge’s lower trendline would confirm the bearish signal, likely leading to further downward movement.
NAS100USD / UNDER FOMCE PRESSURE / 4HNAS100USD / 4H TIME FRMAE
HELLO TRADERS
Range , Between 20,209 and 20,356 , This range represents a resistance or supply zone , where selling pressure is likely strong. The market is “processing” this zone, meaning it is trading within these boundaries, with no clear breakout above or below yet.
The mention of “prices under bearish pressure” indicates that the market is leaning towards a decline rather than an increase. This means sellers are dominant, and there could be downward price movement unless key levels are broken.
The Federal Open Market Committee (FOMC) speech is mentioned as a key event that could influence the market. FOMC meetings and speeches are important as they provide insight into the Federal Reserve’s economic policy, which often impacts market sentiment and price action , Impact: FOMC announcements can shift the market either positively or negatively, making it a key factor to watch for traders.
Range: Between 19,578 and 19,370 , If the market fails to break out of the supply zone (20,209–20,356), it is expected to decline towards this demand zone. A demand zone indicates a level where buying pressure could increase, potentially causing a reversal or support for prices.
If the supply zone (20,209–20,356) is broken to the upside, the text suggests that prices could rise, with targets at , 20,607: Immediate potential upside target , ATH (All-Time High) 20,796: The highest price point in recent history, which would represent a significant bullish move.
Supply Zone :20,209 and 20,356.
Demand Zone : 19,578 and 19,370.
FVG : 19,223 and 18,911.
NAS100 BULLISH TRADE UPDATEIn one of my initial trade ideas for Nas100 was that the Market/Price will trade in a Bullish manner all the way upto 20,734. As such currently the Price is currently mitigating a Premium Bearish Fair Value Gap which could be used as an area to partially close some of the trades and leave one or two positions open in order to ride it all out. Until next time
NAS1OO View!!!The S&P 500 and the Dow scored record closing highs on Friday, with the big boosts from financial stocks after banks reported strong quarterly results while the latest inflation data fueled expectations for a U.S. Federal Reserve rate cut in November.
Major financial companies kicked off earnings season with JPMorgan Chase
JPM
finishing the session up 4.4% after the lender reported higher-than-expected third-quarter profit and raised its annual interest income forecast.
Shares in Wells Fargo
WFC
rallied 5.6% after its profit also beat analysts' expectations. BlackRock
B
BLK
stock gained 3.6% after the asset manager reported that its assets under management had hit a record high for the third straight quarter
NAS100USD New position updatedIt seems like the price rise period is being delayed a lot, but I think the target price will be achieved.
It’s going up till 21080
The stock market is highly volatile. Please be very careful with your investments.
SOUTH TO NORTH SWEEPBear side sweep of liquidity to sell side with continue momentum upward. BOS with a pullback/bullish Choch in effect. 15min scalp.
NAS100 on 2 HourPrice is following a uptrend structure making higher highs & lows. Price is now in a consolidation range, and has rejected the top of the range 3 times, which also aligns with a powerful area of previous resistance looking left.
I am looking for price to test the bottom of the consolidation range, which aligns with a key area of support & structure. I will be looking for a 3rd rejection at the bottom where I am anticipating a heavy ammount of momentum where buyers may step in, to continue the uptrend back to the top of the range, & if that is broken then a new potential higher high into the regions above.
No need to guess which way price will go, rather looking at where I can get the highest probability setups.
NAS100 about to hit itEvening stars guided me to this fabulous setup. Monday come, claim your reward.
NAS100 - Long Term OutlookHow I see it:
To be crystal clear. This is my bigger picture observation only.
Time Frame - 1 Week
20SMA - Blue
200SMA - Pink
Price has been in overbought territory since June 2023!!
A DEEP CORRECTION IS INEVITABLE:
1) Can price still surge to new ATH's "BEFORE" a deep correction - YES.
2) Can price still surge to new ATH's "AFTER" a deep correction - YES.
3) When will the deep correction start - IMPOSSIBLE TO KNOW.
Thank you for your time reading, boosting or following my analysis.
I deeply appreciate it.
NASDAQ Weekly Elliott Wave Analysis - Expecting DownsideNASDAQ:NDX seem to be in last stages of wave X of WXY correction post which we should see wave Y down. At the minimum, I am expecting 15% correction in wave Y. More details in the video.
NAS100 I Potential correction and more growth Welcome 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.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
NEW IIDEA FOR NASDAQ-100An increase in risk tolerance leads to the rise of stock indices
The Nasdaq-100 index has broken the ceiling of the first upward channel in the one-hour time frame and now due to the increase in the moving averages of the Alligator indicator, there is a possibility of a price increase.
In general, this scenario is strengthened that the Nasdaq-100 index, on the condition of maintaining and not recording any one-hour close candle time below the important support interval in the range of 20115-2016, can reach the resistance of the ceiling of the second ascending channel in the range of 20572 , increase.
NASDAQ Don't expect any major correction for a while.Nasdaq has been trading over its MA50 (1d) for almost 1 month, establishing it as the new support level.
The long term pattern is a Channel Up and every time the price stayed that long above the MA50 (1d), is has already starting the new bullish wave and spend at least 3 months above it.
The previous two buy waves grew by +48% and +49.90% respectively.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 25500 (+48% from the Channel Up bottom).
Tips:
1. The MACD (1d) is symmetrically on the exact same level where the previous bullish waves have established their price actions above the MA50 (1d). This fully supports a long term rally from here.
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Notes:
Past trading plan:
Nasdaq Short IdeaIm planning to short the nasdaq
(CFD - Entry:20421.12 Stop Loss:21043.05 Take Profit:19177.27)
