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NAS100 trade ideas

1-hr US100: Possible Correction on the Horizon After a remarkable 1,300-point rally since last week, the US100 index is now losing steam, showing signs of exhaustion as bullish momentum wanes. Many investors are starting to take profits, leading to increased selling pressure and creating a short-term downward shift. This negative sentiment is reinforced by a key technical indicator: the 20-period moving average has crossed below the 60-period moving average, forming a Death Cross. This bearish crossover typically signals strong selling interest. Consequently, the ongoing correction could deepen, with the index likely to drop towards immediate support at 20,890, which aligns with the 23% Fibonacci retracement level. If the selloff continues, the decline may extend further, potentially testing the 20,700 area around the 38% Fibonacci retracement, a critical zone for buyers.
CAPITALCOM:US100Short
by Trendsharks
Nasdaq 100 Consolidates Near Record High: Is a 22,000 Target NexThe U.S. presidential election has sparked optimism also in the stock market, with the technology index rising by 1,000 points. Following this new all-time high, the Nasdaq 100 ( PEPPERSTONE:NAS100 ) is now consolidating just below that level. This consolidation is taking the shape of a flag pattern, which could signal potential for further upward movement. A breakout to the upside would confirm this pattern and could set the stage for additional gains, with a target of 22,000 points.
PEPPERSTONE:NAS100Long
by Mihai_Iacob
2
NASDAQ: Channel Up intact. Targeting 22,000.Nasdaq is on excellent bullish technical levels on the 1D timeframe (RSI = 65.968, MACD = 283.550, ADX = 47.440) as it is rising on the new bullih wave of the August Channel Up. The bullish wave confirmed the strong buying pressure as the 1D MA50 held and kickstarted it after a Bullish Cross on the 1D MACD. Based on the previous bullish wave in September, we are currently in the middle of a +10.90% wave. We are targeting its full length (TP = 22,000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
nas100 - 15 min ( Great Buy Scalping Opportunity )💎 Nas100 Time Frame : 15min Chart ------ 🔻 Type :intraday - most important key level's 🚨Bullish After Break Out key level + High Volume / 21150 Area Done ——————————— ☑️Great opportunity now Please check the drawing carefully and all the reasons for entry and exit are shown in the analysis If the analysis does not agree with you, please do not take it This is a personal vision that reflects my practical way good luck for everybody And we strive to provide the best opportunities and develop your money Please apply good capital management
FX:NAS100Long
by GoldenEngine
Nasdaq Intraday Review - Tuesday 12 Nov 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - None, CPI on Wednesday News - None Directional bias - I stick with a BUY as I view the red candles on the bigger TF as a retracement rather than a change of market sentiment. I would need a bit more price action evidence to be convinced that we are in a bear market....up until then, I continue to look for buys in what I see as a bull market. Morning analysis: M TF - very bullish, candle is 11'000 pips strong at time of writing (Tuesday morning). Still 17 days to go until candle close but definitely indicative of strong bull sentiment overall W TF - week candle has turned red (at time of writing on Tuesday morning), indicating that price is in an area where bears have stepped into play. Need to be careful and need good confirmation for entering a buy, as bears may still push for a further retracement. Time to whip out sell fibs on the smaller time frames and start analysing those too to understand if price is respecting these sell levels and sell TP points. This does not mean I waiver from my directional bias as a buy, but it helps me set buy TP's (possibly at strong sell fib levels) and understand bearish price action. D TF - D TF shows price stalling at this zone. We have a doji candle from Friday and a red (colour change) candle from Monday. If bears do push for a lager TF retracement, then it can be expected that price will move down significantly, as the D and W 0.382 fib level is 3'800 pips down. 4H TF - price seems be to struggling to break the 0.50 sell fib level (4H candles are failing to close above this level at C, D, E and F on the chart). Long wick candles are forming with wicks sticking out the top, indicating that bulls are trying to push higher but bears are successfully pushing back down at the 0.50 SELL fib level and the 0.618 SELL fib level. Looking at the line chart, a head and shoulders pattern is forming, with a neckline slanted upwards (indicated in blue lines). If bears break this neckline downwards, the price could move down and test the 4H EMA. The blue vertical line represents the distance that price would most probably move down if the neckline is broken (price usually moves the same distance as the height of the market pattern). Buy fib in the morning was drawn from swing low at A. to swing high at B. 1H - Monday and Tuesday's pivot points are close to each other. This indicates that price is in a strong area of S&R. It remains to be seen if this zone will act as a support for a push up, or resistance for a push down. As the morning progressed, a falling wedge started forming on the 1H TF, as marked by the torquoise lines. Falling wedge pattern usually breaks upward, but can break in either direction. Due to strong bearish presence, I decided to only enter if the 1H TF gave a signal. 1H TF is pretty strong on Nasdaq and I would manage my risk this way. Entered a buy at the hand icon - Confirmations: 1. Trend - a buy is in the same direction as the overall trend. I prefer trading with the trend as “the trend is your friend”. 2. S&R - price broke the pivot point + EMA with a good momentum candle. 3. Market pattern - a falling wedge pattern had formed which broke upwards. The temporary downtrend line (the top line of the falling wedge was broken) indicating that the temp downtrend was over. 4. Fib - price was respecting the 4H BUY 0.382 fib level (written in purple) and price finally broke the 0.50 SELL fib level For me all of this was strong confirmation that buyers had stepped in and that price was ready to move up. Mental SL placed below the lowest candle wick below the falling wedge, as indicated by the pink line. Unfortunately for me, price moved straight back down and I closed in my stop loss area when candles started closing below my pink line. Took a loss of 568 pips. Not too bad pip wise, but because I felt the confirmations were solid, I entered with a full position size. After that I was out for the day, as I "felt" (intuition that comes with LOTS of screen time) Nas wasn't moving as it normally does. What could I have done differently? Some part of me puts this loss to variance i.e. sometimes price will do what it wants and move against you no matter how good confirmations were. But another part of me recognises that the green candle I entered on (at the hand icon), closed at exactly the same price point as the green candle under B. From B. you can see that price moved down significantly from this point. So I basically entered a buy at resistance. I should have waited for the next 5min or 15min candle close to be sure that the resistance would not push price back down again (which is exactly what happened). I won't be trading CPI, I feel that in high impact news, I am not able to stack the odds in my favour. So hope you did better than me, good luck with CPI and catch you tomorrow! :) P.S. #NasdaqNerd - don't you think its so cool how price really did move down to the profit target (end of blue vertical line)! It happens so regularly that price respects market pattern profit targets so perfectly :) Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84