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Nasdaq Intraday Review - Tuesday 12 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, CPI on Wednesday News - None Directional bias - I stick with a BUY as I view the red candles on the bigger TF as a retracement rather than a change of market sentiment. I would need a bit more price action evidence to be convinced that we are in a bear market....up until then, I continue to look for buys in what I see as a bull market. Morning analysis: M TF - very bullish, candle is 11'000 pips strong at time of writing (Tuesday morning). Still 17 days to go until candle close but definitely indicative of strong bull sentiment overall W TF - week candle has turned red (at time of writing on Tuesday morning), indicating that price is in an area where bears have stepped into play. Need to be careful and need good confirmation for entering a buy, as bears may still push for a further retracement. Time to whip out sell fibs on the smaller time frames and start analysing those too to understand if price is respecting these sell levels and sell TP points. This does not mean I waiver from my directional bias as a buy, but it helps me set buy TP's (possibly at strong sell fib levels) and understand bearish price action. D TF - D TF shows price stalling at this zone. We have a doji candle from Friday and a red (colour change) candle from Monday. If bears do push for a lager TF retracement, then it can be expected that price will move down significantly, as the D and W 0.382 fib level is 3'800 pips down. 4H TF - price seems be to struggling to break the 0.50 sell fib level (4H candles are failing to close above this level at C, D, E and F on the chart). Long wick candles are forming with wicks sticking out the top, indicating that bulls are trying to push higher but bears are successfully pushing back down at the 0.50 SELL fib level and the 0.618 SELL fib level. Looking at the line chart, a head and shoulders pattern is forming, with a neckline slanted upwards (indicated in blue lines). If bears break this neckline downwards, the price could move down and test the 4H EMA. The blue vertical line represents the distance that price would most probably move down if the neckline is broken (price usually moves the same distance as the height of the market pattern). Buy fib in the morning was drawn from swing low at A. to swing high at B. 1H - Monday and Tuesday's pivot points are close to each other. This indicates that price is in a strong area of S&R. It remains to be seen if this zone will act as a support for a push up, or resistance for a push down. As the morning progressed, a falling wedge started forming on the 1H TF, as marked by the torquoise lines. Falling wedge pattern usually breaks upward, but can break in either direction. Due to strong bearish presence, I decided to only enter if the 1H TF gave a signal. 1H TF is pretty strong on Nasdaq and I would manage my risk this way. 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 - price broke the pivot point + EMA with a good momentum candle. 3. Market pattern - a falling wedge pattern had formed which broke upwards. The temporary downtrend line (the top line of the falling wedge was broken) indicating that the temp downtrend was over. 4. Fib - price was respecting the 4H BUY 0.382 fib level (written in purple) and price finally broke the 0.50 SELL fib level For me all of this was strong confirmation that buyers had stepped in and that price was ready to move up. Mental SL placed below the lowest candle wick below the falling wedge, as indicated by the pink line. Unfortunately for me, price moved straight back down and I closed in my stop loss area when candles started closing below my pink line. Took a loss of 568 pips. Not too bad pip wise, but because I felt the confirmations were solid, I entered with a full position size. After that I was out for the day, as I "felt" (intuition that comes with LOTS of screen time) Nas wasn't moving as it normally does. What could I have done differently? Some part of me puts this loss to variance i.e. sometimes price will do what it wants and move against you no matter how good confirmations were. But another part of me recognises that the green candle I entered on (at the hand icon), closed at exactly the same price point as the green candle under B. From B. you can see that price moved down significantly from this point. So I basically entered a buy at resistance. I should have waited for the next 5min or 15min candle close to be sure that the resistance would not push price back down again (which is exactly what happened). I won't be trading CPI, I feel that in high impact news, I am not able to stack the odds in my favour. So hope you did better than me, good luck with CPI and catch you tomorrow! :) P.S. #NasdaqNerd - don't you think its so cool how price really did move down to the profit target (end of blue vertical line)! It happens so regularly that price respects market pattern profit targets so perfectly :) 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
PEPPERSTONE:NAS100
by Jinxx84
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. #Nasdaq #StockMarket #Trading #Investing #DayTrading #SwingTrading #TechnicalAnalysis #MarketAnalysis #FinancialNews #WallStreet #NasdaqToday #NasdaqAnalysis #NasdaqTrading #StockMarketNews #MarketTrends #InvestmentStrategies #FinancialMarkets #TradingTips #NasdaqForecast #MarketInsights #Nasdaq100 #TechStocks #GrowthStocks #IndexFunds #ETFs #StockMarketAnalysis #TradingStrategies #RiskManagement #InvestorEducation #FinancialLiteracy #EarningsSeason #FederalReserve #EconomicIndicators #MarketVolatility #GlobalMarkets
PEPPERSTONE:NAS100
by DrBtgar
"$OM: MANTRA's RWA Dominance Unleashed, Google Partnership to FuI believe #MANTRA will lead the #RWA bull run soon ⏳ NASDAQ:OM is the king of RWA sector, they have already launched the Mainnet and they now have a fully legal complaint Layer-1 blockchain. Recently MANTRA announced Google Cloud as a validator. Google and MANTRA are also collaborating on an accelerator program for RWAs, to go live in Q1 2025. Soon we will see big partnerships which will boost and expand their ecosystem. NASDAQ:OM to new ATH soon 🕉 🔜 #MANTRA #Google #Altcoins #RWAs #OM #Mainnet
TVC:NDQLong
by Eoin_bell48
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
PEPPERSTONE:NAS100
by Jinxx84
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.
NASDAQ:NDXLong
by CrowdWisdomTrading