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USNAS100/ Bearish Trend Analysis and Key Levels for ReversalThe price is trading below the support zone, which confirms that the bearish trend remains active. Currently, the price is moving toward the 20730 support level, where it is likely to pause or make a short correction upon reaching this level. However, after this brief correction, the price is expected to continue declining. A key development to watch for is whether the price breaks below the 20730 level. If the price breaks this level and closes a 4-hour candle below it, the bearish trend will strengthen further, and the next target becomes the 20340 support level. This level represents a deeper bearish continuation, where sellers might push the market further downward. On the other hand, for a bullish trend to begin, the price must rise and hold above the support zone, which is situated between 21170 and 21365. Only a sustained presence above this zone will indicate a potential reversal of the current bearish trend and signal a shift toward bullish momentum.
OANDA:NAS100USDShort
by ArinaKarayi
1
NAS100...Ever the Bullish Instrument Part 13With the first full trading week completed, I still observe structure being maintained on the larger timeframes and as such the historic bullish trend still intact. The strategy still remains the same guaranteed HL's to HH's. Every single ATH that has been created by the market has been broken after a retracement to another HL.... Not so with the lows...the only ATH on the NAS100 was the lowest point that it has ever gone and since then the price has never gone back there... What does that mean for this week? 1. Continue taking my largest HL to my largest High (if it comes to a LH then I TP and wait for another HL). 2. Keep doing this until the consolidation on the upper levels is broken to produce the next ATH. 3. Continue trading the trend as you will never go wrong with the trend (HL's to HH's) So with that being said my first buy entry of the week will be below 20,725.2...It's a game of patience and you just have to continue taking your profits on the consolidation points until the trend resumes to the next ATH. Have another great week guys and always remember to practice constantly, journal your trades, analyze and review...that is the only way to improve (not by signal chasing). #oneauberstrategy #aubersystem #auberstrategy #whywewait #patience #zigzagtheory
OANDA:NAS100USDLong
by Auberstrategy
US100 SHORT TERM SET UP LONG US100 Analysis: Navigating Key Levels Amid a Downtrend The US100 is currently in a downtrend on both the intermediate and lower timeframes. However, we are approaching a key bullish order block, which was responsible for creating the all-time high (ATH). Price has not yet violated this level, with a recent candle close holding above it. Technical Outlook • 4H and 2H Timeframes: • Both are in oversold territory, with price exiting the Bollinger Bands. • The 2H RSI is showing initial signs of recovery, indicating potential short-term bullish momentum. • 30M Timeframe: • We are observing a bullish change of character, potentially setting up a lower high along the descending trendline. Macro Perspective Historically, January tends to be a volatile month without a definitive trend. With the remaining days of the month, we anticipate more range-bound movements rather than an extremely large downward move. While our longer-term bias remains bearish, expecting a potential move toward mid-19k, we are traders first and focus on opportunities as they arise. Key Observations 1. Daily Timeframe: • The daily chart shows a firm close below the 50 SMA, a bearish signal that opens the door for potential moves toward the 100 SMA and lower levels. • However, we remain reactive, not predictive, as assuming direct moves to specific levels without confirmation is a common trading error. 2. Risk-to-Reward Opportunity: • At 21,450, we have identified a setup offering a 2.5 R:R opportunity based on the 78.6% Fibonacci retracement. Plan of Action Option 1: Intraday Buy Setup • Action: Place a buy at market open (Sunday night). • Stop Loss: 21,670 to protect against further downside. • Take Profit: Target the 21,450 level, aligning with the 78.6% Fibonacci retracement, offering a 2.5 R:R setup. Option 2: Limit Short Setup • Action: Place a limit short below a candle close at 21,670. • Rationale: A close below this level would accelerate a move toward the 100 SMA. • Stop Loss: Positioned above the invalidation level. • Target: Mid-range levels, in line with the descending trendline and broader bearish structure. Important Notes • Volatility Consideration: • With January’s historical volatility and range-bound tendencies, there is potential for markets to oscillate rather than make decisive moves. • As traders, we adapt to what the market presents rather than relying solely on predictions. • Bias and Flexibility: • While our long-term bias remains bearish, we approach these setups with a focus on high risk-to-reward opportunities to extract value from the market. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Trading involves significant risk, and you should only trade with capital you can afford to lose. Always conduct your own research and consult with a licensed financial advisor before making trading decisions. Follow us for more detailed trade ideas, market insights, and strategies! Let us help you stay ahead of the market with disciplined, data-driven analysis. This version maintains professionalism, clearly outlines risks, and invites readers to follow your profile for more ideas. Let me know if there’s anything else you’d like to add! Follow us for more expert trade ideas, actionable insights, and market strategies to help you navigate the markets like a pro! Stay ahead with disciplined and data-driven analysis.
CAPITALCOM:US100Long
by EliteMarketAnalysis
NAS100/NDX morning updateAnother look at NAS100. I added another pitchfork and Hagopian line, drawn off bearish pivots after 16 December 2024 ATH. The Hagopian line held resistance at wave ii. As long as it continues to hold as resistance, the red median line is the bearish target. Failure of the bullish pitchforks to hit their median line targets suggests price reversal. Two bearish counts after ATH. Count in green shows a zigzag, and count in red shows an impulse. The red count assumes that price completed a (b) wave of an expanded flat, (b) wave starting October 2022, (c) wave impulse targeting October 2022 low.
PEPPERSTONE:NAS100Short
by discobiscuit
NAS100/NDX technical analysisTechnical analysis for NAS100 (NDX). Price shown from 5 August 2024 low. This count sees price as an ending diagonal from 5 August 2024 low, with a truncated fifth wave finishing at 22084.70. Completed impulse wave from 22084.70 to 20710.70 (first green ellipse). Regular flat completed at 21654.70, with impulsive price action afterwards (second green ellipse) which broke below support of 20710.7 today. Two pitchforks shown, neither of which had their median (red) lines tagged, implying prices will return to pivots at 20309.1 and 18297.4. Impulse waves (red ellipses) with regular flat corrective wave would either be a zigzag or the beginning of a larger impulse wave down. Given the lower targets involved, this count implies the latter. Key resistance now 21654.7.
PEPPERSTONE:NAS100Short
by discobiscuit
NAS100USD: Bullish Reversal on the Horizon?Greetings Traders, and welcome to the new year! I wish you all success and prosperity in the year ahead. In today’s analysis of NAS100USD, we observe that the market has been delivering bearish institutional order flow, influenced by high-impact economic releases such as Average Hourly Earnings, Non-Farm Employment Change, and the Unemployment Rate. Despite this bearish momentum, I am anticipating a potential bullish reversal due to several key factors. Key Observations: 1. Rejection Block Signal: A rejection block at the lows indicates that institutions have been entering buying positions. This resulted in a rejection of the previous low, signaling bearish weakness and suggesting the possibility of a reversal. 2. Bullish Break of Structure: Price recently broke a high during its upward movement, signaling bullish strength. This shift suggests that institutions may now be favoring upward price delivery. 3. Mitigation Block as a Key Zone: Price is currently reversing toward a key institutional area known as the mitigation block. What is a Mitigation Block? This zone represents an area where institutions previously entered sell orders during the bearish trend. As price has since moved upward, these sell orders are now in loss. Institutions retrace price to this area to mitigate their losses and reinstate new buy orders to align with the prevailing bullish narrative. These zones are pivotal and form the basis of support and resistance concepts. Trading Strategy: After confirmation, I will be looking for buying opportunities at the mitigation block, targeting the liquidity pool above. This aligns with the narrative that institutions are scaling into bullish positions and preparing for upward price delivery. Stay observant and strategic as we analyze this potential shift in market structure. Feel free to share your thoughts or questions in the comments below, and let’s capitalize on the opportunities ahead! Kind Regards, The Architect
OANDA:NAS100USDLong
by The_Archi-tect