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NDQ100 trade ideas

NASDAQ: Short term bullish if the 1H MA50 holdsNasdaq turned on excellent bullish technicals on the 1D timeframe (RSI = 63.446, MACD = 268.010, ADX = 43.526) and that sets the tone for a strong medium term continuation. On the short term 1H timeframe however, we had a strong pullback today of -1.75%, the strongest inside the the two week Channel Up, but along the lines of the previous two. It managed to reach the 1H MA50 and is consolidating on it. The 1H MA50 has been holding for the past week and as long as it continues, this will be the best buy opportunity to aim for a new +3.30% rise (TP = 20,600). If it breaks however, the pattern is negated, so keep the SL tight around pattern limits. 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 Breakout: Aiming for New Highs as US30 Empire Gains The NAS100 has recently broken through key resistance levels and trend lines, signaling bullish momentum. With the US30 (Dow Jones) continuing to show strength, the NAS100 is expected to follow suit, aiming for new highs. The breakout suggests further upside potential as market confidence grows, supported by strong performance in tech and growth stocks. We anticipate continued upward movement, provided key support levels hold and the macroeconomic environment remains favorable. This could be an ideal entry for traders looking to capitalize on the ongoing rally.
OANDA:NAS100USDLong
by US30EMPIRE
Nasdasq100 rises above 20k with the ATH in focusA revival of AI optimism following Micron Technologies strong guidance, combined with additional Chinese stimulus and the prospects of a 50 basis point cut in November, means the path higher is of least resistance, The Nasdaq 100 has extended its breakout from the symmetrical triangle pattern, rising above 20k and reaching fresh 6-week highs. Buyers will now set their sights on 20,750. Immediate support is seen at 20k. Below here, the 50 SMA and falling trendline support come into focus at 19,200.
FOREXCOM:NAS100Long
by FOREXcom
2
PREPARING TO GO SHORT ON NASDAQNAS100 4H - As you can see price has now traded into the Supply Zone we have had marked out for some time now, I am wanting to see price begin to break down and distribute giving us the ability to get involved in this market with some shorts. I have gone ahead and marked out the last protected low within the fractal structure of this market, a break in this would confirm that the correction trading us up and into the zone has finished and a new bearish leg is ready to be printed in the market. We can expect an S&D flip as Supply is introduced from this zone and Demand is removed from all the buy orders that have pushed price up and into this area to begin with. Once we have relevant confirmation this is when we can prepare for those shorts. After the BOS we can expect price to pullback putting in a lower high, following those laws of bearish structure, so its important we find the fractal area of Supply price may come to trade up and into to set that.
PEPPERSTONE:NAS100Short
by Lukegforex
6
USTEC gained as earningsUSTEC gained as earnings from Micron provided a temporary boost to a market that has been trading sideways. The chipmaker reported strong sales of high-bandwidth memory chips in 1Q, along with upbeat revenue, earnings, and an optimistic forward outlook. USTEC broke its consolidation and the psychological resistance at 20000, confirming an uptrend continuation. The diverging bullish EMAs show strong upward momentum. If USTEC extends its surge, the index may target the record high around 20700. On the contrary, USTEC may return to 20000 if the index pulls back before its continuation.
TRADENATION:USTEC
by Exness_Official
Analysis of NASDAQ 100 (H1) - Technical Breakdown (Sep 26 2024)1. Wyckoff Accumulation & Distribution Phases: This chart heavily applies Wyckoff's methodology, which is built on the phases of market accumulation and distribution. The schematic is drawn to reflect the following phases: Phase A marks the preliminary support (PSY) and automatic rally (AR), where initial buying pressure emerges after a prolonged downtrend, indicating early signs of accumulation. Phase B represents a secondary test (ST) and an upward thrust (UT) within the trading range. This phase signals the testing of supply and the building of a cause for future price movement. Phase C typically includes a "spring" or test of support, but this chart appears to be leaning towards a distribution pattern as the price tests the upper boundary. We can observe signs of a Sign of Weakness (SOW) in Phase B, suggesting a potential shift from accumulation to distribution, as supply overwhelms demand at higher price levels. 2. Elliott Wave Count: The Elliott Wave theory, which describes price movements in predictable wave patterns, is applied to the broader structure. The chart indicates the presence of a five-wave impulsive pattern (labeled 1-5): Wave 1 seems to have completed near the automatic rally (AR). Wave 2 traces back towards the end of the rally, with Wave 3 extending beyond the buying climax (BC). The final wave (Wave 5) culminates with an upward thrust (UT) in Phase B, which could signal the completion of the current cycle, leading to a bearish correction or retracement. 3. Harmonic Patterns: There is a clear integration of harmonic patterns within this chart, which is often used to predict potential reversal zones based on Fibonacci ratios. The highlighted zone with Fibonacci extensions (0.618, 1.236) suggests a potential area for a retracement: The butterfly harmonic pattern outlined between Phase A and Phase B suggests that after the buying climax (BC), the price is primed for a pullback as it approaches key Fibonacci resistance levels. The Bearish Bat pattern shows convergence near the upper resistance level (around 19,900-20,120), which corresponds with the end of Wave 5 in the Elliott Wave structure. 4. Fibonacci Levels and Retracements: Key Fibonacci retracement levels have been plotted, notably the 0.618 and 1.236 extensions. These levels serve as potential resistance or support zones in the chart. The price action initially retraced to the 0.618 Fibonacci level (around 19,567), marking a key level for potential support. If the 1.236 extension level (19,576) holds as resistance, it could validate the bearish scenario suggested by the Wyckoff distribution and harmonic pattern convergence. 5. Volume and Price Momentum: Though the volume is not displayed, the POC (Point of Control) is marked, which represents the price level where the highest volume of trading occurs within the given period. It aligns with a strong support zone at around 19,567. RSI Indicator (represented by the red line below the price chart) appears to show weakening momentum, particularly in Phase B, further supporting the potential for a downward move as the price begins to test upper resistance levels. 6. ICT (Inner Circle Trader) Model Reference: There is a reference to ICT’s Classic Weekly Profile. This model suggests a predictable weekly price structure where Monday typically creates a low or high for the week, followed by a mid-week reversal. The chart points to a possible reversal towards the middle of the week, supported by the Wyckoff distribution and harmonic setups. 7. Key Resistance and Support Zones: Several key levels are highlighted: Upper Resistance (19,962.5 - 20,120): These zones, indicated by the buying climax (BC) and upper thrust (UT), are likely to serve as strong resistance as the price begins to retrace. Support Zones: The area near 19,567 (0.618 retracement) and 19,490 marks a significant support zone, where demand could potentially re-enter if prices pull back sharply. 8. Wave Invalidation Points: The chart includes an invalidating point for Wave 4. If the price breaches this level, the current wave structure would be invalidated, and a deeper correction might be expected. The potential invalidation could occur near 19,322, signaling a breakdown in the bullish impulse wave count. Conclusion: In summary, this NASDAQ 100 chart reflects a complex but highly informative mix of Wyckoff Distribution, Elliott Wave Theory, and Harmonic Patterns with Fibonacci retracements. The ongoing phase seems to indicate a transition towards a bearish correction, particularly as prices approach major resistance zones around 19,900 to 20,120. Traders should monitor key support levels near 19,567 and below, as a breach of these levels would likely trigger deeper corrective moves in line with the Wyckoff and Elliott Wave structures.
PEPPERSTONE:NAS100Short
by spacedevil
NAS100USD / UNDER (Sep) MONTH PRESSURE - 4HNAS100USD / 4H TIME FRAME HELLO TRADERS Initial Decline: In the first part of September, prices fell by 8.21%. This indicates a negative trend early in the month. Mid-Month Rise: By the middle of September, prices reversed and began to increase, rising by 10.25%. This suggests a recovery or positive momentum starting mid-month. End of Month Expectation: It is expected that by the end of the month, prices will rise further, reaching a total increase of 14.45%. This projection suggests a continuation of the positive trend that started mid-month. Overall, the prices of nas100usd a volatile price movement, with an initial drop followed by a recovery and an expected significant increase by the end of September. Technical Analysis: Current Market Condition: The asset is under bullish pressure , As long as the price remains above 19,954, the bullish momentum is expected to continue. Upward Condition: - Target 1: If the price trades above 19,954, it's expected to rise to 20,432. - Target 2: If the price stabilizes above 20.432, the next target is 20,797$. Downward Condition: - If the price falls below 19,954 , it suggests a potential decline: - Target 1: A decline to 19,844. - Target 2: If it breaks below 19,844, further decline is expected to 19,535.
OANDA:NAS100USDLong
by ArinaKarayi
Nasdaq Long Memory updated Technical Analysis: The market is currently trading within an ascending channel, characterized by two distinct touches on both the upper resistance and lower support levels. We recently observed a bullish rebound from the 0.236 Fibonacci retracement level, where sell pressure was rejected, allowing buyers to take control. Given this setup, there is a strong likelihood that the market will test the resistance level for a third time, with potential new highs projected between 20,500 and 20,800. Fundamental Analysis: As we enter the fourth quarter, seasonal consumer behavior, particularly driven by the upcoming festive period, is expected to influence the markets. With an uptick in consumer spending, many companies are likely to see a boost in sales, providing a positive backdrop for continued bullish momentum. Another catalyst for this period is yet to emerge but may further support the bullish outlook as we progress through Q4. Current Position: I am currently holding a long position, having identified 19,915 as a key resistance level that has recently been breached. The daily candlestick closed firmly above this level, indicating potential support for the continuation of the bullish trend. This breakout reinforces the case for upward momentum in the near term.
FOREXCOM:NAS100Long
by MrMosako
1