NAS100USD trade ideas
Idea for Target 1 NAS100 Trade flow for NAS100,
NAS100 seems exhausted at the moment, and i expect a crash sooner or later.. Feel free to ask me any further detailed questions regarding this trade idea.
Nasdaq Insights: 13-NOV-2024Good morning! Join me for today's Nasdaq market analysis. Share your charts, ask questions, and let's discuss trading strategies.
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NAS100 afternoon updateBearish case for NAS100.
From October 2022 low, wave ((5)) would complete with contracting ending diagonal (wedge).
Wave ((3)) is 3.618 fib length of ((1)), and wave ((5)) is 1.618 fib length of ((1)).
Technically sound.
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NAS100 Hits 1-Year High, Caution AdvisedHello,
PEPPERSTONE:NAS100 has reached a new 1-year high at 21257.75, with a continuation expected despite strong selling pressure. However, caution is recommended at these elevated levels.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Nasdaq Intraday Review - Monday 11 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, today is Veterans Day, market may be slow
News - None
Directional bias - BUY. The strong upsurge in the stock markets are a clear indication that the markets view the US election results favourably. Bulls have stepped in with both volume and momentum.
Morning analysis:
M TF - very bullish, candle is 13'000 pips strong at time of writing. Still 18 days to go till candle close but definitely indicative of strong bull sentiment
W TF - Finally the W candle managed to close above the strong weekly resistance at 20'363.
D TF - Friday's candle closed as a doji candle, could be an indication that price is stalling and a bigger price retracement is in the works. D TF and W TF fib levels are aligned, this will make this fib levels very strong. Huge gap up of +- 600 pips noted.
As the morning progressed, the 4H fib moved and finally settles on swing low at A. and swing high at B.
Identified an area of interest / confluence (highlighted in green), where pivot point and 4H 0.618 fib are in the same zone
Price should at least bounce from here, enough for me to secure my position at entry.
As the morning progressed, price moved down rapidly to my interest zone. Once price reached this green highlighted area, I start to keep an eye on the 5min TF because this is an area of high probability of price movement and with Nasdaq being so volatile, this TF can give signals at these high interest zones.
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 - the daily pivot point represents an objective and strong support & resistance zone which Nasdaq often respects.
3. Market pattern - a DB formed on the 5min and broke the neckline up, indicating that buyers are over-powering the sellers at this zone
4. Fib - 4H 0.618 fib level was in this zone
Mental SL placed below the lowest candle close of the first bottom of the DB on the 5min TF (marked with think pink line).
Market moved up enough for me to secure my trade (I usually secure my trades once price is 250 pips or more from my entry).
But then unfortunately moved back down and took me out at entry!
Today represented a big retracement.
In my trading style I don’t like to trade against the overall trend (I don’t trade retracements), so I would never have taken a sell.
But hope you got the sell, you would have coined it today! ;)
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
NAS100 SELL 15 MINUTE TIME FRAMESTRONG SUPPLY ZONE
Break and Retest
The previous bullish momentum was just to form a pullback to create the higher high
Price has to feel the gap below Expecting a 3:1 reward, Let's see!
NAS100 BUY 30 MINUTE TIME FRAMESTRONG DEMAND ZONE
Price has to feel gap up above Expecting a 2:8 Risk Reward Let's see:)
$NDQ shortHere's a quick short entering the new week. After last week climatic ending, this week's asia session to NY session sets the flor for sells.
11-11 Nas100:Same as with the Dow, the Nas is also with a big profit. we have placed a buy at 21170. Our trade system gives the following signals: Score 5, Cot Data 2, Retail sentiment 0, Seasonality 2, Trend reading 1, GDP -1, Manufacturing PMI -1, Services PMI 1, Retail Sales 1, Inflation 2, Employment Change -1, Unemployment Rate 0, Interest Rates -1.
NASDAQ Retracement: Awaiting Bullish Confirmation Around Key SupI am anticipating a retracement around the 20,000 to 20,020 level on NASDAQ before seeking an entry. I’ll be waiting for bullish confirmation signals in line with my methodology. Notably, we've swept the current day’s low along with some sessions from last week, suggesting a possible move to take out last week's low after first reaching last Friday’s high.
Good luck, and stay disciplined!
New ATH at 21250: Key Levels for Bullish Continuation or BearishTechnical Analysis
The price has reached a new all-time high (ATH) at 21250 and continues in a bullish trend, targeting 21350.
Today, a retest down to 21170 or 21080 is possible. If the price closes a 4-hour candle below 21070, it may signal a bearish trend toward 20790.
Alternatively, a 4-hour or 1-hour candle closing above 21260 would support a bullish move toward 21350 and 21500.
Key Levels:
Pivot Point: 21260
Resistance Levels: 21350, 21500, 21600
Support Levels: 21170, 21070, 20790
Trend Outlook:
Bullish above 21260
Bearish below 21070
previous idea:
NAS100 Finds Support: Trendline Bounce Signals Potential UpsideNAS100 has recently touched a key trendline, finding significant support that could lead to a bullish reversal. This trendline bounce suggests potential upward momentum as buyers re-enter the market.
NASDAQ Extremely bullish for the next 30 days.Nasdaq (NDX) is extending a very aggressive post-election rally that is coming after a clear technical hold on the 1D MA50 (blue trend-line). This is just a short-term movement inside a (blue) Channel Up that emerged after the index rebounded on the 1D MA200 (orange trend-line), which in turn is the Bullish Leg of the 2-year Channel Up pattern.
As you can see, the price action is so far very similar to the Channel's previous Bullish Leg that also started on a 1D MA200 hold (October 26 2023). Based on the 1D MACD's Bullish Cross and the 1D RSI bullish reversal, we are in symmetrical terms on a situation similar to January 23 2024, with the price above the 0.618 Fibonacci retracement level.
We still expect a similar +30% rise from the last bottom (August 05) to be completed, so our 22000 medium-term Target is intact.
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NAS100 EXPECTATIONS!!!!NAS have been on uptrend chart for years now using the equal liquidity structures in the drawings nas is expected to create another highs above 21,400 then make the completion of the three top pattern then am expecting to see price reject from that level to starts making its way down 20,676 which is a very strong level for profits taking if price runs the liquidity below then more sell is expected
Gear Up for the NASDAQ 100 Bull Run Next Week
The NASDAQ 100 has been riding a bullish wave recently, closing out last week at
record highs. With strong performances from major tech stocks contributing to
this upward momentum, the index has shown resilience in maintaining higher highs
and higher lows throughout the past week.
Key Actionable Insights and Takeaways Specific to NASDAQ 100
- Watch for continued bullish momentum as the index has shown solid upward
movement.
- Maintain a focus on key resistance levels, particularly around 21,000, which
has proved pivotal in the short term.
- Look for potential pullbacks as the index approaches new highs; these could be
opportunities for swing trades.
Summary of Expert Opinions on NASDAQ 100
Experts are largely optimistic about the NASDAQ 100's potential for further
gains in the upcoming week. Many are looking for the index to break through
significant resistance levels, suggesting that momentum will continue if these
targets are surpassed. The bullish outlook is bolstered by strong performances
from tech stocks, particularly those within the semiconductor sector.
Based on the wisdom of all professional traders
- Target 1: 21,332 (short-term)
- Target 2: 21,600 (if momentum continues)
- Stop 1: 20,800 (to protect against a downside move)
- Stop 2: 20,500 (for additional security in case of volatility)
For longer-term targets, experts suggest the NASDAQ could reach as high as
23,000 to 23,750 in the coming months if the prevailing bullish trends hold.
Notable News or Events Affecting NASDAQ 100
Recent election results have sparked a rally in major indices, including the
NASDAQ 100. Analysts are watching semiconductor stocks closely as they are
expected to drive further gains, especially after strong quarterly earnings
reports and market optimism surrounding technological advances.
US100- bias long Bullish indications:
HHHL
trend line resistance broken.
Bullish engulfer candle from trend line support.
Moving average respected
Resistance broken at 21088
Bearish indications:
Bearish divergence 4 hr and 15 min time frame.
Trade plan bias long @ 21094
SL:21037
TP1:21156
TP2:21212
Nasdaq 100 - Shorted
I am taking a short entry at 21,180. I know I have headwind since it's against the momentum. I have set my stop loss at 21,420 & target at 20,300 providing me a good RR. Risking 0.75% of Capital.
Equities are overvalued, especially tech. Im looking for a reversal from the upper Wedge pattern and for the price to fill-in the previous imbalances.
NASDAQ 100 H1 Chart BreakdownWyckoff Distribution Phase:
The chart shows clear signs of a Wyckoff Distribution, which suggests the market is in the process of transferring from bullish to bearish sentiment.
The market is likely in Phase C, where the price tests supply at a premium level before a possible markdown phase.
In Phase C, we typically see a test of the resistance zone (created by supply) followed by a final push down.
Harmonic Patterns:
A Bearish Bat Harmonic Pattern has completed near 20,432, signaling a high probability of a reversal or a temporary top.
The harmonic pattern provides confluence with the Wyckoff Distribution, as both imply that the market may be exhausted at current highs.
Break of Structure (BOS) & Change of Character (CHoCH):
There’s a noted Break of Structure (BOS) at 20,162, where the market shifted from bullish to bearish.
Following the BOS, we have a Change of Character (CHoCH), indicating a potential reversal from bullish to bearish sentiment.
Key Levels:
20,432 is a significant resistance level where both the harmonic pattern and distribution align. A failure to break above this level confirms the bearish scenario.
Targets on the downside include 20,297 (discount zone) and 20,162 (liquidity zone).
Short-term Outlook:
NASDAQ 100 is expected to continue lower if it fails to break above 20,432. Downside targets include the 20,297–20,162 range.
NAS100 Outlook for the Week (October 21-28, 2024) Key Concepts:
Wyckoff Phases and Distribution:
The chart seems to follow the Wyckoff methodology, particularly focusing on Distribution phases (Phase A, B, C).
The current price action appears to be in Phase C, approaching the potential markdown (downtrend) continuation.
Supply and Demand Zones:
A Bearish Order Block is identified at the upper part of the chart, indicating an area where institutional sellers are present. Price action is likely to be rejected here, pushing prices lower.
There is also a Buy Side Liquidity zone that was previously mitigated and failed to push price higher, confirming further bearish momentum.
Elliott Wave Analysis:
We can see an Elliott Wave structure forming, with a Wave 3 completion in progress. Wave 4 is expected to be corrective (minor upward retracement), followed by Wave 5 (continuation of the downtrend).
The labeling of the waves implies that next week's price action is entering Wave 5, which will likely bring prices lower towards the 2.618 extension levels seen on the chart.
Liquidity and Smart Money Concepts:
Liquidity Sells Below Wave 2: Retail traders' stop losses are marked below the previous Wave 2 low. Smart money will likely target this liquidity zone to push price lower.
SOW in Phase B (Sign of Weakness): The chart shows a SOW (Sign of Weakness), confirming a bearish trend during Phase B. Prices are likely to continue lower as market participants distribute their holdings.
Market Structure and Break of Structure (BOS):
The chart highlights CHoCH (Change of Character) and BOS (Break of Structure) events. These represent moments where the market shifted from bullish to bearish structure, signaling a downtrend.
There’s a CHoCH in Phase B, leading to MSB (Market Structure Break), confirming a further decline.
Fibonacci Levels:
The Premium and Discount levels marked on the chart indicate the range where price is likely to react.
Prices rejected from the 0.705 retracement level, confirming a bearish continuation towards the Discount range (below 20,000 level).
Outlook for Next Week:
Monday:
Expect a continuation of the bearish move, possibly targeting the current weak low around 19,640.
Early in the week, we might see minor retracement into the Wave 4 correction, but this is expected to be short-lived.
Tuesday - Wednesday:
Market could test the Bearish Order Block or the Premium level again before moving lower.
Watch for a Break of Structure (BOS) around the 19,910 level. If this level holds, a strong push down into the lower liquidity zones is likely.
Thursday - Friday:
Wave 5 should start its completion phase, driving price further down towards the 19,131.8 and 19,210.3 levels.
This would be in line with the 2.618 Fibonacci extension, where we can expect significant support or a reversal if market conditions change.
Key Levels:
Bearish targets for next week: 19,210.3 (2.618 extension), 19,131.8 (2.786 extension).
Support areas to watch for potential reactions: 20,042 and 19,640.
