USTEC trade ideas
Nasdaq-this indices is moving in a range
-touched the highest high level for the third time then formed a bearish reversal pattern at the high...
-market doesn't have a valid structure to buy now
NASDAQOverview
Market: NAS100 (NASDAQ 100 Index)
Time Frame: 1-hour chart (indicated by the "1H" labels)
Key Concepts: The chart incorporates Wyckoff methodology, harmonic patterns, and Fibonacci retracement levels.
Key Components
Market Phases:
Phase A: Indicated at the bottom of the chart, represents the initial accumulation phase.
Phase B: The current market phase where distribution is occurring, highlighted by significant price levels and the potential for selling pressure.
Phase C: Marked on the chart as a potential accumulation phase after distribution completes.
Significant Price Levels:
Support and Resistance:
Resistance line at around 20,233.3, acting as a critical level to watch.
Support levels at 19,962.5 and 19,744.5.
Invalidation Points:
Points where the bullish or bearish bias may change if reached, such as the "INVALIDATION POINT" at 20,318.5.
W Close: Marked at 20,318.5, indicating a significant price area related to potential price reversals or continuation.
Harmonic Patterns:
ABC Structure: A visible ABC structure can be identified, with specific Fibonacci retracement levels, suggesting potential reversal or continuation points.
Potential for Further Downside: The labels suggest that further downside movement may occur after a retracement, with potential targets outlined.
Volume Profile:
The volume histogram at the bottom shows trading activity across price levels, providing insight into areas of high interest and potential supply/demand zones.
A significant spike in volume is often indicative of potential reversals or continuation patterns.
Fibonacci Levels:
Retracement Levels: Specific Fibonacci levels are marked, such as 0.236 and 0.272, which indicate potential reversal zones.
Extensions: Levels like 1.236 help in identifying possible price targets or extensions based on the harmonic pattern identified.
Trading Signals:
"SOW IN PHASE B": This indicates selling opportunities within the current phase.
Targets for Short Positions: Target prices for potential shorts are mentioned, such as 19,744.5 (indicating a drop from the current price).
Conclusion
This chart provides a comprehensive analysis based on Wyckoff's distribution and accumulation phases, supported by harmonic patterns and Fibonacci retracement levels. The trader should focus on the critical price levels mentioned, watch for volume changes, and consider potential entry/exit strategies based on the outlined phases and patterns.
US100 LONG - Cup and Handle
Retracement on descending channel with estimated support in the 20066 area, probable break of resistance at 1310. BUY 20325 - TAKE PROFIT 20756.
NAS100 - CPI Day: Anything is Possible!20SMA - Blue
200SMA - Pink
Key Confluence areas - Grey Lines
How I see it:
1) As long as price stays supported by 20SMA, Rally will continue.
2) A break below 20SMA could allow a correction to green zone.
3) If Support holds above 20100, price could continue to new HH's.
4) A "break and hold" below 20100, could see price break down beyond 20000.
Very high volatility day, never try to actually trade "THESE" major events!
There is always more than enough, manageable price action afterwards.
Thank you for your time reading, boosting or following my analysis.
Nasdaq Market Insights - Oct 10, 2024Good morning, traders! Welcome to today's Nasdaq market analysis. Compare my price action insights with your own charts and enhance your trading skills.
NAS100 10/10/24💡
Outlook: Price is trending very bullishly and headed towards this Daily high. I want to see price correct for CPI and then see a push higher for me to get involved.
Bias: Bullish, needs a correction on the 5hr time frame.
NAS100: Steady Performance Amid Seller PressureHello,
The NAS100 has been performing as anticipated recently, and this trend is expected to continue. However, sellers are currently entering the market in hopes of a bearish reversal.
TradeWithTheTrend3344
NAS100 SELL ANALYSIS TRIANGLE PATTERNHere on Nas100 price has just form a triangle pattern so and there chance of moving down if line 19677.9 break so trader should look for SHORT and target profit of 19280.0 and 18765.9 . Use money management
NAS100 afternoon updateBear count for NAS100.
This count envisions wave (5) finishing as a contracting ending diagonal to complete the primary impulse off the October 2022 low.
Wave 4 of (5) would be a regular flat, with C of 4 finishing above 18676.2 support. Wave 5 of (5) would then go after the ATH and be limited by the length of wave 3 of (5).
Analysis-NAS100-H4_October-2024On Monday, an interesting trading opportunity arose.
Unfortunately, I was on a plane and couldn’t act, but it also would have hit the target.
I remain active and prepared for upcoming trades.
Trendline breakoutWhat we have a here is a long correction that has formed a bearish trendline, now we see a breakout of that trendline signaling a potential bullish impulse. We have a breakout and retest and now the order is set above the pullback, time to go long
WE ONLY TRADE PULLBACKS
US 100 live US 100 forecast, I expect the high of September 26 to be reached today probably before the FOMC. The stop is the low created by the opening Bell
TP REACHED ON NASDAQ30 min ago I posted to buy on NASDAQ and the market has reached our TP.
For further questions, don't hesitate to ask!
Follow for more daily trades!
BUY NASDAQYou can buy on NASDAQ and set you TP and SL as on the chart.
For further questions don't hesitate to ask!
Follow for more!
US100US100 is in reversal zone
Big bearish divergence shown in RSI.
we wait for more confirmatin.
If it go down and break last HL then we will execute trade.
Nas Active Buy - 3 min TF - bottom channel bounceonce again it is a play based off of the 3 min TF
Bought bottom of trend bounce with confirmation threw FVG
There is a bigger play that could come out of this buy as can be seen on chart but with news later it is hard to judge
For journaling purposes only
NASDAQPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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Enjoy Trading... ;)
Nasdaq Awaits FOMC Impact, Key Levels for Bullish and Bearish Nasdaq Technical Analysis
The price is oscillating between 20,130 and 20,070, with a breakout likely given today's FOMC. A close of the 4-hour candle below 20,100 would reinforce a bearish outlook, targeting 19,990 and 19,860.
Conversely, if the price stabilizes above 20,190 by closing a 1-hour candle, it could rise to 20,280, with the potential to reach 20,440 thereafter.
Key Levels:
Pivot Point: 20100
Resistance Levels: 20280, 20440, 20710
Support Levels: 19990, 19860, 19620
Trend:
- Consolidation 20280 - 19990
- Bearish below 19780
- Bullish above 20280
NAS100 SELL 30 MINUTE TIME FRAMESTRONG SUPPLY ZONE
Double Top formation Shaped like
Multiple rejections off supply zone
Price has to feel the gap below
Expecting a 4:1 reward, Let's see!
