US 100 Index forum
NAS100 Well, I analysed all here:As I said earlier, the main purpose from that bearish wave was to catch the low of the week candle of 05.08.2024. Well, that was hit in around the last trading hour last week! But that could also give an indication.. why that did not happen earlier then a quick retrace for the last trading hours then the expectation of a coming bullish week would be for us much easier.. but that happened too late to make us confused! leaving us between two options either a clear bullish due to the so so strong support level of 17251 (my TP2) and the last week and day candles shapes which do not give us still any bullish indication!!
OK. let us assume it will take the power to the upside from 17251 and it will be bullish week, ok I accept that no problem! but till? I will accept it till 17966 or till 18420 then will retrace back again to hit the TP3 on my idea ( which I explained its importance on my idea) so watch out the mentioned prices so careful as they are so important! If they go higher those levels so the whales will be joking again (Same joke when they pushed the prices on 05.08.2024 saving the indexes from the carry trade if you remember and that was a killing mistake! I spoke a lot about it! and this mistake caused a lot of people hell amount of money (But they won a lot when they gained a hell amount of profit gaining from ambitious funds, banks and small and big retailers and unexperienced traders)
Second scenario: Due to the huge bearish momentum, they will continue in this momentum and we could see a huge gap to the downside on Monday on all indexes! and if the next week will end in red so I will introduce to you another level between TP3 and 4 which is 16000!!! which you can consider too!
Worth to say that on the weekly we still did not reach the 200 moving average and on the monthly we did not hit yet the 50 moving averages .. and my TP3 and 4 are going along with everything in harmony!
So let us see on Monday or the next week in general what will happen.. A hint! the beginning of the week is not like its end! same as for the month candle!
That was my honest view and analysis for what is coming!
Conclusion:
A quick bullish retrace to my mentioned targets due to the strong support level of 17251, then down after would look logic, however more further downside moves straight also to my mentioned targets would look also logic according to the main and the bigger image!
All the best...
NAS100 Highlights from my idea!Idea: Moustafa! NASDAQ 16.03 Warren …
-I said we would expect a series of red weekly candles in a row even before this idea, on my minds!
- I gave a true honest hint, if you follow and read all what I wrote carefully, you will notice I highlighted an area in a yellow box, and I said that area is without any interest from buyers, or no volume! and I advised literally if the weekly candle will fall in the area and in case it would return back to after the retrace out of it, then it will fall to its end to my TP2 with no stop!! and see what happened the last week!
- I advised about the day and weekly candles of 05.08.2024 and said that every wick will be filled, especially if it was long like that! and if you will collect all above indications together, you would never find any difficulty in going to the most profitable trade idea, I believe, in the history of Tradigview! I wonder how that piece was not chosen in the editor picks so other people could learn and do money out of it! anyway! Not my problem )) I wanted only to help!
- I said also what made you not realise that the falling of the stocks was not planned from the beginning! They know what they are doing so well! and they are not surprised! but who is truly surprised, is who believed all his trading journey that Stocks markets are always in bullish trend!
- Then by the end of that mind, I spoke on my idea about the next TP, which is TP3, and I said, it is so critical and the most important support and resistance level and I said, that I believe it is the time for it to happen!
Now, I will prepare another post for how I see the next week after that savage last week.. but depend only on your analysis and the way you follow and you believe it is correct!
Scalpers could do money in small movements but I am a swing trader and the bigger image is my vision always in trading!
NAS100 Don't think many people on here understands the stock market. This is super healthy to be crashing! The money isn't being lost. It's going into people's back pockets ready for future investing... ITS HEALTHY!
NDQ Down near 20% this year so far.
NDQ very soon Iran vs USA/ Israel
china vs USA/Taiwan
Russia vs Ukraine/NATO/ USA( hidden)
Year 2025 😭😭😭😭😭😭😭
