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NDQUSD trade ideas

NAS100USDNow on my recent analysis for S&P500, we looking for bears, however here we may be having a bullish flag or compression continuation pattern. If my wave count is correct, then based on historical pullbacks on this chart, we may be correct with the continuation pattern which should pull back towards the 0.5 Fib area. Safer to still look for selling opportunities as currently we have a lowe new low, after breaking the price marked/indicated in blue on the chart/annotation.
OANDA:NAS100USDShort
by TheGreatestOne
Trading update on NASDAQ 100 MEGA Cycle ended? Greetings, traders! The markets are at a critical juncture, and it's essential to prepare for what could be a significant correction in the NASDAQ 100 and, by extension, the broader stock market. Here's my analysis and outlook based on current price action, key levels, and technical indicators. Potential for a 21% Decline in the NASDAQ 100 As I highlighted in the attached daily and weekly charts: Elliott Wave Analysis: The NASDAQ has completed its five-wave impulsive structure, signaling the potential end of a major bullish cycle. We are now in the midst of a corrective phase, which appears to be unfolding in the form of an ABC correction. This correction suggests that Wave C, the final leg down, is still in progress, with room for further downside. Break of Structure (BOS): A Break of Structure has occurred, confirming the bearish sentiment. Coupled with the presence of an unfilled gap overhead, it's clear that sellers are currently in control. Key Fibonacci Levels: The 0.618 Fibonacci retracement at 16,210 is a critical level to watch. A break below this support could open the door for a more extended drop to the 0.75 retracement at 13,200, representing a 21% decline from current levels. Trendline at Risk: The ascending trendline that has supported the NASDAQ since its 2022 lows is being tested. If this trendline breaks, it will likely trigger a cascade of selling pressure, accelerating the move to our projected downside targets. Broader Market Implications The NASDAQ often serves as a barometer for risk appetite in the financial markets. A sharp decline here could have ripple effects across other indices and sectors, particularly tech-heavy and growth-focused stocks. Watch for potential spillovers into the S&P 500 and Dow Jones Industrial Average, which could amplify market-wide volatility. Key Levels to Watch Resistance: Gap area near 21,600–21,800. This zone is likely to act as a supply area if the market attempts any retracement. Support: 16,210 (0.618 retracement) – Initial target and a potential temporary bounce zone. 13,200 (0.75 retracement) – Ultimate target if bearish momentum persists. Trading Strategy For traders looking to capitalize on this potential move: Short Positions: Consider shorting retracements into resistance zones like the gap area or the 0.25 Fibonacci level. Use 16,210 as a primary profit target, with a portion of the trade left to run toward 13,200 if bearish momentum accelerates. Risk Management: The markets remain volatile, so ensure you have clear stop-losses in place to protect against unexpected reversals. Watch for Confirmations: Monitor volume spikes, candlestick patterns (e.g., bearish engulfing), and breaks of key levels like the ascending trendline for additional entry confirmations. Final Thoughts The NASDAQ and broader markets are entering a critical phase. While the correction presents risks, it also provides opportunities for traders and investors who stay vigilant and disciplined. Remember, patience and preparation are key to navigating volatile markets like these. Stay sharp, stay informed, and trade smart. Lord MEDZ
OANDA:NAS100USD
by Skinwah
NASDAQ so here is what i have going on. nasdaq did accumulation last year, pushing price down giving indication banks are manipulatin the market, before pusshing price up in ther tue direction, after that, price was in none healthy market, also letting us know theres was liquidity left behind, price broke to bottom as we all know about the microsoft glitch then also nfp the same week puching price down, then price blasted up breaking previuos high but theres still to much money sitting at bottom at around 17575 area, price today is ready to drop one more time for a second opportunity, and if you guys been following me you guys can see how i have markedmy P.O.I i follow liquidity
FX:NAS100Short
by martinale0217
Weekly Bias for Nas100 13 -17 Jan 2025I will be looking forward to the following liquidity to be liquidated where as the imbalances will be repriced to where as some will be rebalance, overall direction I would like to see Nas100 making it's way down since we already started the new year sky rocketing. Seems like thereis more to work on going downside ... I will update you throughout the week. I will be interested to see what will be grabbed for distribution first between Buy side and sell side liquidity
FOREXCOM:NAS100
by Fx_Buddha17
NAS100/NDX morning updateAnother look at NAS100. I added another pitchfork and Hagopian line, drawn off bearish pivots after 16 December 2024 ATH. The Hagopian line held resistance at wave ii. As long as it continues to hold as resistance, the red median line is the bearish target. Failure of the bullish pitchforks to hit their median line targets suggests price reversal. Two bearish counts after ATH. Count in green shows a zigzag, and count in red shows an impulse. The red count assumes that price completed a (b) wave of an expanded flat, (b) wave starting October 2022, (c) wave impulse targeting October 2022 low.
PEPPERSTONE:NAS100Short
by discobiscuit
NAS100/NDX technical analysisTechnical analysis for NAS100 (NDX). Price shown from 5 August 2024 low. This count sees price as an ending diagonal from 5 August 2024 low, with a truncated fifth wave finishing at 22084.70. Completed impulse wave from 22084.70 to 20710.70 (first green ellipse). Regular flat completed at 21654.70, with impulsive price action afterwards (second green ellipse) which broke below support of 20710.7 today. Two pitchforks shown, neither of which had their median (red) lines tagged, implying prices will return to pivots at 20309.1 and 18297.4. Impulse waves (red ellipses) with regular flat corrective wave would either be a zigzag or the beginning of a larger impulse wave down. Given the lower targets involved, this count implies the latter. Key resistance now 21654.7.
PEPPERSTONE:NAS100Short
by discobiscuit