Nasdaq trading insights 11-NOV-2024Nasdaq trading insights for today: Explore our zones for informed decision-making.
NAS100USD trade ideas
NAS100 LongsAfter a strong bull run last week. We should have an early pullback in the week. Setting Up for some potential buy opportunities come wed. or thurs. Be patient wait for proper 4h patterns at support levels.
NAS100 - WHEN DO WE EXPECT THE DOWN TRENDTeam, I was roughly measuring the trend last week for NAS.
But today, I have carefully measured the position where it would be an excellent short-area
I would consider shorting around 21255-21295, with a TIGHT stop loss at 21335
Target 1 at 21136-21115
Target 2 at 21005-20985
Target 3 at 20925-20905
PLEASE NOTE, take some partial at 1st target ranges and bring stop loss to BE for further Target.
Consistency in DNA #1OANDA:XAUUSD
Hello traders! <3
This is a beginning of a legendary journey through the power of the markets. You have no idea what I have to gone through to get to this point but you will get to know what I will learn if you stay with me bro.
Everything thanks to my only one real trading mentor - SCI - and his - ICC CONCEPTS.
Remember that there is no word "impossible" in our dictionary.
~AS
its clear to see we also have a posibility of long positionswhenever we have sell possibilities we must not forget about buys thats the only way we stay or remain neutral in this industry other than that it means we are forcing the market to go in a certain and thats when emotions begins to develop.
its clear to see we also have a posibility of long positionswhenever we have sell possibilities we must not forget about buys thats the only way we stay or remain neutral in this industry other than that it means we are forcing the market to go in a certain and thats when emotions begins to develop.
short positions coming very soonthe market is creating new higher high then we will have a short position coming soon lets just be patience enough,then we react
NASDAQ Update on Elliott Wave CountsLast week, we saw solid sharp moves up in NASDAQ:NDX along with SP:SPX and $FRED:DJIA. And that move made me reconsider my counts since I was expecting that we had a top in place now with X complete and Y down should now unfold. But last week's move made another all time high. Watch the video to understand what are the possibilities now.
US100 Is Bullish! Buy!
Take a look at our analysis for US100.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 21,117.7.
The above observations make me that the market will inevitably achieve 21,285.0 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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US-100 which way to go(Note I have not considered last and upcoming news events)
Trend: The daily chart is in a bullish trend, moving within an upward channel. Higher highs and higher lows indicate sustained buying pressure.
Key Levels:
Resistance: Around 21,200 - 21,300, where price could encounter selling pressure.
Support: Strong support around 20,600 and additional lower support near 16,776, though this is a much deeper level.
Market Structure: Recent price action shows signs of consolidation near the upper channel, suggesting a potential pullback before the next move up.
4-Hour Timeframe:
Trend: The 4-hour chart also displays a bullish trend within a narrower range, but with some recent retracements that align with minor supply zones.
1-Hour Timeframe:
Trend: The hourly chart shows a short-term consolidation near the upper range of the trend channel. Some break-of-structure (BOS) and change-of-character (CHoCH) points are visible, indicating shifts in short-term momentum.
My take: The hourly trend could either break out above 21,200, aligning with the daily bullish trend, or pull back to support around 20,800, reinforcing the consolidation pattern before a potential upward move.
Nasdaq Short: Weak Tech & Key Data AheadTaking advantage of the current bearish momentum in the Nasdaq with a daily short setup. Recent price action reveals a double-top pattern and a significant trendline break, suggesting potential downside. As we approach critical economic data releases, volatility is expected, which could fuel further bearish movement.
Technical Analysis
• Pattern: Double-top formation, a bearish reversal signal, confirmed with a break below the neckline.
• Trendline: The long-standing upward trend has been broken, validating the bearish scenario.
• Key Resistance: $20,200 area is acting as a strong resistance zone.
• Support Levels: Initial support around $18,800 with further downside potential if broken.
Fundamentals:
The short position on Nasdaq is driven by the weak tech performance, with giants like MSFT (-6.05%) and META (-4.09%) showing declines. Rising bond yields have intensified pressure on tech stocks, indicating potential shifts in investor sentiment. Additionally, tomorrow’s key data—Non-Farm Payrolls (forecast: 113K vs. prior 254K), Unemployment Rate (expected steady at 4.1%), and ISM Manufacturing PMI (forecast: 47.6)—could further impact market outlook, with any surprises likely to influence Fed expectations and Nasdaq sentiment.
Risk Management
• Entry: Near current levels, aiming for downside momentum.
• Stop Loss: Above recent highs to protect against false breakouts.
• Target: Initial target at $18,800, with potential to extend if bearish momentum persists.
Risk Note: Given the volatility associated with these macroeconomic events, there is potential for increased fluctuations. Managing risk through stop-losses and close monitoring of data releases is essential.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
NasdaqThe scenario that can be considered now is that after a period of consolidation or minor correction, if there is a pullback to the broken level of $20,700 and its confirmation in the short-term time frames, the Nasdaq index could continue to grow and reach target levels in the ranges of 21,500 to Achieve $22,000. In case of correction, to better understand the continuation of the trend, it should be seen how the price will react to the desired level.
Nasdaq Quantum Computing SimulationsMany things can happen in the future. But do some potential scenarios have a higher probability of happening than others? I don't know. But if the Destination in this setup is to be reached, I would like to see a REBOUND from the GREEN curve and see if I can take it from there.
Next in the setup to be observed are the 333 projections. 2 orange arrows. One green circle. If the price hits any of these 3, the project is considered a success in the attempt to answer the initial question. With or without the DESTINATION.
There is no quantum computing here. Unless it is hiding in my brain making jokes. Unless all of this is just a joke.
NASDAQ INDEX (US100) Classic Trend-Following
Bullish rally on US100 continues.
The market closed, updating the all time high.
To catch a bullish trend continuation next week,
pay attention to a horizontal range on a 4H.
Bullish breakout of its upper boundary - a 4h candle close above that
will give you a strong bullish confirmation.
❤️Please, support my work with like, thank you!❤️
Let's have a look at 12MHi! friends,
12M gave the perfect entry for the investors , being a pattern follower i always look for the possible patterns in every time frame , here i'm analysing the 12M, i could do it for 36M and 60 M also if anybody is interested
i will also post possible 12M patterns levels for this and next year already posted 12M levels for this year many time
NAS100 SELL ANALYSIS DOUBLE TOP PATTERNHere on Nas100 price form double top and now try fall so if line 21028.6 break that means price likely to move down more so trader can go for SHORT and target profit target of 20896.2 . Use money management
nas100 weekly review - 8 nov 2024Hello guys! <3
I'm making my first video about nasdaq weekly review give me some feedback how you like it
Nasdaq Intraday Review - Friday 8 Nov 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Been quiet, dealing with a personal issue - but time to get back into trading.
Did my analysis at +- 5:30 am GMT (00:30 am EST)
Economic news - None today. Fed cut interest rates by 25 bps yesterday.
News - Trump won the US presidential election.
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, current candle is 12'500 pips strong
W TF - Very bullish, fib levels moved up and now coincide with D fib levels = TF confluence and strong levels
D TF - Second day of highest D candle close. Bulls are dominating. Strong fib levels as coincide with W.
4H - Difficult to draw fib because price action just moved straight up, but used the line chart to give best estimate (fib drawn from swing low at A to swing high at B) and 4H 0.382 fib level lines up perfectly with pivot point. This is my interest area / area of confluence for today.
During the day:
Price formed a rising wedge on the 1H TF, marked with the blue lines.
Price broke the market pattern downwards and moved down past the market pattern profit target, marked by blue vertical line (i.e. price usually moves down the same distance as the height of the market pattern).
As price neared my area of interest, I noted a double bottom form on the 5min TF and entered.
Entered a buy at the hand icon - Confirmations:
1. Trend - a buy is in the same direction as the overall trend - the trend is your friend
2. Fib - price made a DB above the 4H 0.382 fib level - 4H fib levels are strong levels.
3. Market pattern - DB formed on the 5min TF with neckline broken upwards. I used the 5min TF because price was right at my area of confluence (I don't use this TF if price is not in my area of interest)
4. Candlesticks - doji candle formed on the 15min TF, thereafter, neckline of DB was broken upwards on the 5min. This indicated that sellers were unable to push price down beyond this point and that buyers stepped in.
6. S&R - DB formed above the D pivot.
Mental stop placed below pivot point, at thick red line.
Price moved up and is now re-testing the neckline of the 4H DT. Seems that as of now, bears are giving bulls a hard time.
Once price moved up sufficiently, I secured at entry (moved SL to entry) and am now effectively trading risk free.
My intention is to hold my position in case bulls can re-test and break the 4H neckline upwards.
If I get taken out before that...then I would be ok with a zero profit day for my first day back.
Hope you coined it during this incredible bulls rally the past few days! :)
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
NAS100USD / UNDER FOMC PRESSURE / 4H NAS100USD / 4H TIME FRAME
HELLO TRADERS
Recent Price Movement ,The price has reached a new historical level, breaking past the last all-time high (ATH) of 20,788.
Current Target , Prices are trying to approach 21,125. As long as there’s upward pressure, there’s potential for growth.
Potential Retest of Support , Before continuing to increase, prices might retest an old supply zone between 20,788 and 20,662. This area serves as a potential support level, and if the price remains above it, there’s a higher chance for further increases.
Upside Target , If prices stabilize above this support zone, there’s a chance of reaching a new ATH around 21,125. If it breaks this level, the next historical zone lies between 21,200 and 21,350.
Downside Risk, If prices fall below the old supply zone, it could indicate a decline, with a potential target of the Fair Value Gap (FVG) between 20,482 and 20,335. This level represents a potential lower support area if the price trend reverses.
