NAS 21000 TP AND GAPFILL COMPLETED! Both of my analysis from Sunday hit gapfill and before that, the target of 21000.
NAS100USD trade ideas
NAS100 - Nasdaq will stabilize above 21 anytime?!The index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel. If the index rises towards the specified supply zone, you can look for Nasdaq sell positions to target the bottom of the ascending channel. Nasdaq buying positions will be at the bottom of the channel and the demand zone after the continuation of the corrective movement
The housing sector was in the spotlight last week. The market has regained attention following an unexpected surge in mortgage rates, which have risen by nearly 75 basis points since the Federal Reserve’s first rate cut during its September meeting. According to Freddie Mac, the average rate for 30-year mortgages climbed to 6.8% in the week ending November 21, offsetting much of the reductions seen in August and September.
Existing home sales increased by 3.4% in October, breaking a two-month decline. However, it’s important to note that October’s data largely reflects homebuying activity from late September, a period when mortgage rates were trending downward.
Despite this rise, the annualized sales rate of 3.96 million units in October remains sluggish. By comparison, the 2021 average was about 6.1 million units, with current declines largely attributed to higher yields on mortgage-backed securities (MBS).
Consumers remain relatively resilient, continuing to spend at a strong pace. October’s retail sales data exceeded expectations with a 0.4% increase, supported by upward revisions to previous figures. This trend indicates that households are entering the holiday season under favorable economic conditions.
In the upcoming week, durable goods orders data is anticipated. This segment, particularly aircraft orders, has experienced significant volatility in recent months. Challenges in the aviation industry are among the main reasons for this instability. While strikes may have impacted production last month, Boeing data reveals that only 63 new aircraft orders were placed in October, roughly matching the prior month’s figure. As a result, conditions in October are expected to have stabilized somewhat.
Overall, demand appears to be leveling out, yet uncertainties regarding corporate investment spending persist. Although borrowing costs and interest rates have been decreasing, the extent and intensity of these declines remain uncertain. Federal Reserve officials have recently acknowledged that, due to strong economic data and sticky inflation, rate cuts in the coming months are likely to proceed gradually and at a slower pace. Additionally, even though U.S. elections have concluded, it is still unclear which policies, particularly tariffs, will be implemented.
This week, several regional indicators—such as the Dallas Fed Manufacturing Index, the Richmond Fed Manufacturing Index, and the Chicago Fed National Activity Index—will be released. Monitoring these data points could provide a clearer picture of the U.S. economy’s health and serve as leading indicators for assessing upcoming economic releases.
Fed Chair Jerome Powell recently indicated that both headline and core Personal Consumption Expenditures (PCE) indexes are expected to rise from 2.1% to 2.3% and from 2.7% to 2.8%, respectively, in October. If these projections materialize, the Fed may still proceed with a rate cut in December.
Should the PCE report fail to offer clear guidance on the Fed’s next move, investors will turn their attention to the minutes from the November monetary policy meeting, which will be released on the same day. Additionally, other critical data, such as personal income and spending, durable goods orders, and the second estimate of Q3 GDP growth, will be published on Wednesday.
According to CME data, market participants estimate a 56% probability of a 25-basis-point rate cut in the upcoming Fed meeting on December 18, while a 44% chance of holding rates steady is also considered. These probabilities could shift with the release of more data ahead of the meeting. Furthermore, the minutes from the November FOMC meeting are also expected this week.
Bullish continuationNas100 will keep growing after bouncing off a key resistance which has turned into support. Established highs upon breaking will be the target for the bullish pressure.
NAS100 SELL 30 MINUTE TIME FRAMESTRONG SUPPLY ZONE Price has to feel the gap below Break and retest Another Setup today!! Expecting a 2:1 reward, Let's see!
Nasdaq Insights for 21-NOV-2024Good morning! Join me for today's Nasdaq market analysis. Share your charts, ask questions, and let's discuss trading strategies.
NAS: Trendline Support and Bullish DivergenceNAS has found support from its trendline and is also forming a bullish divergence. This technical setup suggests potential upward momentum.
TP REACHED ON NASDAQEarlier I shared to Sell NASDAQ with 2 targets. Now the market reached our 2nd target with a clean trade for the day on NASDAQ with 2 contracts.
Follow for more trades!
Let me know which market you want me to share trades on!
Nasdaq Intraday Review - Monday 18 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
News - None
Directional bias - BUY. On the W TF, it can be seen that price finally broke through a resistance level that held strong for 6 weeks (marked by numbers). After price broke through, it is now retesting this level to see if resistance is now turned to support. This zone also represents the W and D 0.618 fib level (drawn from swing low at C. to swing high at D.) Because the Day and the Week fib levels are the same, we have a kind of TF confluence, which makes this level very strong. As the overall trend of Nasdaq is bullish, I choose to see last week as a massive retracement but not an overall trend change for Nas.
Morning analysis:
At this level (the W level highlighted in yellow), price is seen to start reacting to this level. There are DB forming on the 15min TF and the 30min TF. This gives me confidence that buyers are stepping in at this zone. Also, on the 4H TF we have not seen price retesting any of the higher level TF's, so a bullish move is expected to at least retest this bearish move.
As the day progressed:
Entered a buy at the hand icon (A.) - Confirmations:
1. Market pattern - DB formed on the 15min TF after touching the W+D 0.618 fib level.
2. S&R - DB formed right at the strong Weekly S&R level marked in yellow on the W view
3. Trend - price has finally started making higher highs and higher lows (indicating that price is ready to start moving up) and a buy is in the overall direction of Nasdaq - the trend is your friend
4. Fib - W+D 0.618 fib level touched + DB formed at 1H 0.618 fib level
Mental SL placed below green highlight.
Price moved up 1'200 pips and I secured my position at entry. I wanted to hold for a larger move because ultimately a DB formed on the 1H TF and the neckline was broken with a huge momentum candle. But price came back down and took me out.
I re-entered at the hand icon B. for a more swing trade kind of entry, because we have a DB on the 1H and the 4H TF. Mental stop placed at the thick pink line, which is about half the height of the DB. But it's a risky entry because the stop is soooo far below where price currently is. So a SL hit woud mean a big loss.
Hope you had a good trading day! :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
NAS100 Bullish Break & RetestNAS100 Broke above the resistance level and I think it will go up to around 22,000.
NAS100 SELL ANALYSIS RISING WEGE PATTERNHere on Nas100 price form a rising wedge pattern and now try to go down so if line 18400.8 break price likely to move more and trader should expect profit target of 16139.7 and 13294.8 . Use money management
NASDAQ BUY/SELLif the market breaks out from previous high 20759.0 market will continue to the upside until 21174.3
if the market fails to breakout from high then entry will be 20697.7 after a breakout candlestick followed by bearish engulfing candlesticks then a sell until 20120.8
Nas100 20nov24London killzone manipulated above asian session highs, sweeping liquidity and testing the supply of a 1H order block and is respecting, i am anticipating strong bearish price action.
NAS100 Uptrend BiasThe break of LH at 20650 can put the trend in continuation towards HH and HL a good signal would be to buy anywhere above 20650. A green bullish candle signifies an uptrend but another solid green candle can strongly confirm the bullish uptrend. In case this setup gets invalidated a bearish position can be expected below 20308 break
NAS100 is BullishBulls are in control of the price action, as on macro level the trend is bullish, printing higher highs and higher lows. Price went down for a retracement and has once again respected the ascending trendline, moreover a bullish divergence also appeared on four hourly time frame, indicating strong grip of bulls. If previous lower high is broken then we can expect a bullish reversal to new high. Targets are mentioned on the chart.
Kenyan Trader seeking support to join the leap competition .Hello Trading View Community!
I’m a Kenyan trader, deeply passionate about the financial markets and committed to pursuing trading full-time. I’m thrilled about the opportunity to participate in The Leap Competition, which is an incredible platform to test and refine my trading skills through paper trading.
However, to compete, I need an active Trading View subscription. Trading View's new gifting feature allows members to sponsor others with Essential, Plus, or Premium plans. I’m reaching out to ask for your support in helping me secure a subscription.
Here’s why I believe your support would make a difference:
I’m dedicated to using this competition as a stepping stone to improve my strategies and gain deeper market insights.
My goal is to not only grow personally but also share my journey and learnings with this amazing community to inspire others.
Your generosity would be a significant boost to my trading career and a chance for me to excel in the competition.
Thank you for considering my request, and I’m excited to pay it forward in the future! 🙏 Feel free to DM me for more details.
1-hr US100: High Demand for Tech StocksThe NASDAQ is showing strong upward momentum as it recovers, with potential confirmation of an uptrend continuation seen through the Golden Cross—a classic buy signal. This occurs when a short-term moving average (MA) crosses above a longer-term MA, indicating buyers' dominance. While short-term corrections remain possible, traders should keep an eye on the key Fibonacci retracement levels of 23% and 38%. These levels could act as support during pullbacks, offering better entry points for long positions. The area near 20,760 appears particularly attractive, providing a favorable risk-to-reward ratio for buyers looking to align with the bullish trend. This level sits just above the critical 38% Fib, reinforcing its importance as a support zone for the ongoing momentum.
Technical and digital analysisWe notice that we are in an upward correction and there is an increase in momentum. We are waiting for sellers to weaken in order to buy, Update idea Add note
Towards 20228Hi, as you can see, it did not succeed in breaking the weekly resistance and retraced down from strongly, and even broke another line and it looks like it goes down to the low of tall green daily candle which the index jumped to high levels from at 20228 where also you could find another at the price the index will touch that strong support uptrend line and I have a feeling that it will break through due to the high selling momentum but I would prefer to gain my profit at the TP level 20228 first and will close the trade then I will monitor if it will break though or not.
My trades are exclusive to myself only and is not regarded as an advice to traders or investors and is not more than a personal thought or idea which I just wanted to share with you all and I do hope it could help.
I am not selling any signals and I do not take money favour any trade and my recommendations or are free of charge all life long but I keep the copy rights of them though to not be copied or shared.
Upward pullbackNas100 might find selling pressure on the above resistance barriers due to finding bullish momentum and failing to decline from last week's selling pressure. However, if the the upward movement fails to reach 21k mark, the indice may resume its donward trajectory!
USNAS100 - Dropped and still Running!Technical Analysis:
The price has declined by approximately 1.75%, as previously indicated.
Currently, it is approaching 20,705. A confirmed 1-hour candle close below this level is required to sustain the bearish trend toward 20,550.
Alternatively, breaking above 20,860 could shift the momentum to bullish, targeting 21,070.
Key Levels:
Pivot Point: 20780
Resistance Levels: 20860, 20980, 21170
Support Levels: 20670, 20550, 20330
Trend Outlook:
Bearish below 20780 and 20700
previous idea:
Anticipating a Major Market Shift NASDAQ: Key Levels 1. Wave Structure and Elliott Wave Analysis
Wave 5 and Volume Divergence: The left chart appears to highlight an extended Wave 5 with a possible volume divergence, which typically signals the end of an impulsive movement and can indicate a potential trend reversal.
Complex Wave Structure (Weekly Perspective): The larger time-frame view is labeling a complex wave sequence, with sharp corrections and shallow retracements that indicate areas of key resistance and support.
4-Hour Chart (Right Side): Shows a corrective pattern forming after a series of impulsive moves, with annotations of potential Elliott wave substructures. This includes labels such as Wave iii, iv, and v, which suggest a detailed fractal analysis within the larger trend.
2. Key Levels and Fibo Retracements
Key Fibonacci Levels: The chart highlights multiple Fibonacci retracement levels like 0.618, 0.5, and 1.236 across different parts of the wave structure, essential for identifying retracement and extension targets.
POC and VAL (Point of Control and Value Area Low): The Point of Control (POC) and Value Area Low (VAL) levels suggest key areas of market interest and volume profile zones. Traders often use these as points for potential reversals or continuations.
3. Support and Resistance Zones
Bullish and Bearish Order Blocks (OB): The chart points out zones of "Bullish OB" and "Resistance Line BC Distribution." These zones may act as supply or demand areas, where price reactions can be anticipated due to prior order flow activity.
Sell Side and Buy Side Liquidity Levels (SSL & BSL): Important liquidity zones are highlighted where traders place stop-loss orders. These levels often become targets during market moves, as liquidity is a major driver for institutional traders.
4. Invalidation Points and Critical Structure
Wave Invalidation Levels: Marked invalidation levels provide insight into where the current wave structure would be negated, indicating a possible shift in trend. For instance, invalidation points in Waves I and IV set the limits for maintaining the integrity of the Elliott wave pattern.
Order Flow Zones: Notes about "Order Flow" and "Inducement" suggest areas where the current market bias could shift, reflecting zones where traders may be trapped, or liquidity is pursued.
5. Market Sentiment and Trader Psychology Notes
Inducement and Fake Breakouts: The chart suggests areas where fake breakouts or “inducements” are used to trap retail traders, followed by a strong reversal in the opposite direction.
Wave Extensions and Momentum Continuation: By labeling “momentum continuation,” it hints at areas where minimal resistance may allow for a strong directional move, especially in alignment with the higher time-frame trend.
6. Potential Trading Scenarios
Reversal Opportunities at Key Levels: Should price hit critical Fibonacci extensions or volume divergence zones, it might signal exhaustion and a reversal.
Trend Continuation if Invalidation Holds: If key invalidation levels remain intact, the wave structure may support continued movement within the impulsive or corrective phase.
Liquidity Run and Stop-Hunt Scenarios: Annotations related to liquidity levels (like SSL and BSL) suggest potential stop-hunt areas, where price may temporarily break these levels before reversing sharply.
US100: Bullish Breakout Overview: This analysis focuses on the NASDAQ 100 (US100), examining the 4-hour chart for potential trading opportunities. Using RSI and MACD, I’ve identified key levels and patterns that could influence future price action.
Key Insights:
Trend Outlook: The current trend is neutral, but will be bullish.
Critical Levels: Watch for support at 20,321.
Potential Triggers: A breakout above 20,692 may confirm a bullish scenario. While RSI is on 20, and MACD is on it's way to turn.
I also think this will be accurate because of the Trump election,
I hope I will be helpful, any other ideas please let me know
