UPDATE NQ Like as i share before but some changes has happend. Broke the sup then fall little more , but top will be in after some weeks . We’r gonna see so much higher than this prices then the bulls will run out of juice.
USTEC trade ideas
NAS100 morning analysisBullish count for NAS100.
This count sees price action from 5 August 2024 low as a leading diagonal ((1)), rather than an ending diagonal ((5)).
Wave ((2)) would be a zigzag, with c likely finishing between 19k-20k.
In this scenario, wave v would likely top out near 30k.
US100-bias long Bullish indications:
Trend line resistance broken.
resistance broken at 60626
Moving average respected in 15 min and day time frame .
HHHL in day time frame.
Morning star candle in 2 hr time frame.
Trade plan bias long @ 20598
SL:50604
TP1:20709
TP2:20814
NAS100 - Zoomed Out Perspective @ Year End.20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
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How I see it:
Is stocks capped @ July ATH or just one more push to 20967?
Will institutionalized profit taking break the 1D trend before year end?
I deeply appreciate you taking the time to study my analysis and point of view.
KEYNOTE:
The most important to consider always, before you leap:
When you jump in the river, make sure you are swimming "WITH" the current!!
Possible Continuation on USTECH.Let's wait for a correction and look for long position on the order block. Lets See how this plays out
NAS100 UPDATE - 4HR Explanation20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends, your interest motivates me:
If you find my analysis helpful, please boost and follow me for future analysis at your service.
How I see it:
A better explanation of the upside limitation I see...hope it helps.
For more bullish rallies, price will have to break through the diagonal:
Confluence ~ Trend Resistance
*** Even though price is supported for now by both SMA's.
I deeply appreciate you taking the time to study my analysis and point of view.
KEYNOTE:
The most important to consider always, before you leap:
When you jump in the river, make sure you are swimming "WITH" the current!!
NASDAQ 100 bouncing off from rising trendline. Great Risk RewardTrend is up - check
Trendline touch - check
Great Risk Reward Ratio - check
BUY NASDAQYou can buy on NASDAQ | NQ1! | NAS100 with the same levels as I placed on the chart!
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The Rally May Run Out of SteamFundamental Background
According to CNBC, analysts at Morgan Stanley have conducted a study on how the tariff plans announced by Donald Trump during his campaign might affect the U.S. economy and the stock market.
Among the initiatives of the president-elect:
Implementing a general tariff of 10% to 20% on all imported goods;
Introducing additional tariffs of 60% to 100% on goods imported from China.
According to Seth Carpenter, the chief global economist at Morgan Stanley, such plans:
May eliminate the possibility of interest rate cuts in 2025 and also limit economic growth;
Threaten to reduce U.S. economic growth by 2026;
Will lead to increased inflation;
Will put pressure on the automotive industry, consumer electronics, machinery, construction, and retail sectors. It is expected that the costs to manufacturers will be passed on to consumers.
Consequently, this implies a negative outlook for the U.S. stock market as there is a high likelihood that the tariffs will reduce investment attractiveness and increase the cost of borrowing for companies, negatively impacting the stock market.
Technical Analysis
In 2024, the price formed a broad ascending channel (shown in blue);
Throughout October, the price was "magnetized" to the median line and formed a narrower channel between the Resistance and Support lines;
Against the backdrop of the presidential elections, the price surged to a peak on November 11th, but then returned to the median line.
The line around 20,941 level briefly acted as support, but the price failed to sustain above it. Could the bears' attempt to break away from the median line's pull be more successful?
Cyclical Analysis
Cyclical Chart Predicts a Decline in the Nasdaq Index
Conclusions
While the chart currently shows no clear signs of bearish activity, the facts presented above suggest that the vigorous bull market observed throughout 2024 may run out of steam.
The #1 Reasoñ NASDAQ 100 Will Trend UpI have been running in my doubting
About my Trading strategies..
Because sometimes that market 📈
Volatility makes it difficult to trust a system.
But you have to remind yourself that everything takes time especially when dealing with equity stocks
Again full disclosure Am mostly a Bitcoin Trading Expert
Because its easy for me to buy Bitcoin I kind of mirror my Trading strategies to pick stocks to trade.
But there is down side..low margin below x5
Meaning for every stock to trade do not use more than 5x leverage
Because the volatility will cancel you out your position.
Think of these trades like investing.Swing trading is not day trading.
In order to day trade you need to subscribe to monthly payment services such as newsletter, or TradingView
These services will allow you to dive deep into your trading journey so that you can learn how to make money quickly.
These trades I show you are swing or investment strategies.
On average you hold for about 3 months.
It's not easy but it's good for beginners.
This is why CAPITALCOM:US100
Is a good buy because it's price
correlation is connected to Bitcoin COINBASE:BTCUSD
I must warn you.There are a lot of short sellers pilling into Bitcoin.Because they think it will crash ⬇️
Bitcoin won't crash instead it will go up!
Also this chart is following the rocket booster strategy check it out.
From the resources below ⬇️
Rocket boost this content to learn more.
Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.
Please
Learn More by using a simulation trading account before you use real money
1:1 RR ,NAS100 1:1 Trades are slowly becoming my favorite , They are fast and instant rewarding motivating you and also good for developing your system . I would recommend this to any upcoming trader , A Win is A win no matter how small it is
What's Happening With Nasdaq100So as y'all know nasdaq had a big correction this year and in the same year a new ath (all time high). However, her structures are very chaotic hence the back n' forth compared to previous years.
She’s struggling at the 11th if july previous resistance and if broken then we up if not, the fall to balance things might just be a possibility. There's a trendline channel she's still in and it has been tested a lot. A 20800-850 break is all we need.
new maintained support at: 20316.
What's your take?
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
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
USTEC rose after avoiding Lutnick as a Treasury Secretary
The Nasdaq index has surged, fueled by solid expectations surrounding Nvidia's Q3 earnings and the alleviation of uncertainty following the appointment of the new Treasury Secretary.
Investors are breathing a sigh of relief as Howard Lutnick, a staunch supporter of Trump's tariff policies, has been nominated for Commerce Secretary rather than Treasury Secretary. In contrast, Kevin Warsh, who is running for Treasury Secretary, has openly criticized protectionist measures such as tariffs. This shift has heightened expectations that some economic issues stemming from Trump’s tariff policies will be mitigated.
Furthermore, Wall Street consistently raises Nvidia's target stock price. Investors anticipate that Nvidia's Q3 earnings will surpass market consensus, and Wall Street confidently anticipates that the Q4 guidance will also exceed expectations.
USTEC briefly tested the support at 20300 and rebounded to 20770. The index sustains upward momentum, holding above the trend line. If USTEC sustains its upward trend above the resistance at 20700, the index could gain upward momentum toward the 21250 high. Conversely, if USTEC fails to hold above the trend line and 20300, the index may fall further to 19950.
Nasdaq Intraday Review - Tuesday 19 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. Tomorrow is Nvidia Earnings release
Directional bias - BUY (read yesterday's post entitled "Nasdaq Intraday Review - Monday 18 Nov 2024" for more insight into today's directional bias and swing trade entry)
Yesterday I opened a swing trade at the B. hand icon.
My mental stop was placed at the thick pink line.
Wow....what a day, what a draw down!
But held throughout and I am now 1'300 pips in the profit with a big position and secured at entry i.e. trading risk free.
Here's the reasoning for holding and also where I would have entered today if I had not had a swing trade going:
Holding swing trade:
As is evident from the 1H chart, a huge red candle closed below my mental stop. In normal trading i.e. day trading I would have closed my trade.
But in this instance I entered a swing trade based on the 4H TF. On normal day trading days, I enter on much lower TF and judge how candles close against my mental SL on much lower TFs.
As a rule, if candles start closing below my mental stop, I would close.
But over the years I have also learnt that the time frame you enter on, is the TF you should judge if you want to close your trade. In other words, if I enter on a 4H TF, then in theory I should only close my trade if 4H candles start closing below my mental stop. This is very hard (especially because Nasdaq that can spike thousands of pips at a time). But over the years, as I have grown my account and gained experience, I have been able to hold fast on this observation.
And so, as can be seen on the 4H TF, a 4H candle did not close at my mental stop.
This draw down had me sweating bullets and if I had my position sizing wrong I could easily have bust my account on a 2'700 pip drawn down (esp because I trade with a 500 leverage). I was also nearly in panic mode because the news is full of stories regarding the Ukraine Russia War escalation. So I am pleased that I held my cool, stuck with my trade plan and didn't panic close my position at a massive loss.
Whether it was luck or truly my past "observation", I thank my lucky stars that price ultimately went my way.
Entry point for today:
I did not add another position today because my exposure was already at the max.
But if I hadn't had my swing trade going, I would have entered on the 1H TF at the smiley icon (because the move down was really strong, so I would have looked for confirmation on a higher TF)
Also the 1H DB formed on the strong Weekly support.
Now we need to see if price can break through the strong sell fib levels and I am hoping Nvidia earnings will help with that.
Hope you had a good trading day! Over and out!
P.S. Note how price exactly respected the market pattern profit target theory market at C. (i.e. that price will move the same distance as the height of the market pattern, once the market pattern in broken). Price formed a rising wedge on the 4H TF and then broke downwards and moved the exact distance down as the height of the market pattern.
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 UptrendA nice bullish candlestick pattern of three white soldiers indicates that the market will move up from here also no divergence is observed on the RSI oscillator.
Nas 100 Execution , 1:1 RR Trade This was a quick execution targeting the Buyside liqudity pool which is a low hanging objective
The IFVG ( Reclaimed Fair Value Gap ) Is my Market structure shift .
1:1 are good for building confidence on your system and remove fear .
who else likes the 1:1 trades.
NAS100 - Continuation DTFOn the daily timeframe a bearish candlestick pattern of three black crows is expected to push down the price to buy limit levels in case the price continues to move up a buy stop is placed at 20290 level
NAS100 Continuation PatternNAS100 is advancing in an uptrend a bias towards retracement is expected to occur because of the bearish dark cloud cover candlestick pattern. In case it is invalidated a buy-stop position would be valid if the setup breaks higher high level of 21458
1ST TARGET REACHEDMinutes ago I posted to Sell on NASDAQ, now the market reached out 1st Target, half of the trade closed and now waiting for the market to reach our 2nd Target.
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