US Tech 100 Short All timeframes are finally overbought and there are multiple tops with divergence
There is a bat pattern on H1
Took this trade at 19520
Stop loss of 100 pips
Start of the week so should fall for a bit then might bounce back up
USTECH100CFD trade ideas
NASDAQ The index is well supported to hit 25k by mid 2025.Last week (September 09, see chart below), we gave a strong buy signal on Nasdaq (NDX) right as the price was testing the 1D MA200, a strong Support on its 2-year Channel Up:
The index duly delivered and we've completed 5 straight green days already. Not only that but the 1D candle closing above the 1D MA50, practically confirmed the bullish extension into this week.
The current week however isn't just a typical one, as we anticipate the Fed Rate Decision on Wednesday and even though the expectations are fixed on at least a 0.25% cut, the volatility is expected to be high.
As a result, to filter out this short-term noise, we will resort today to the wider 1W time-frame, which helps keeping a more accurate long-term perspective. In fact it was the same chart we published 6 months ago (March 18, see chart below), which very accurately laid out the Support that you needed to calmly buy on the long-term, which as you can see, it has been a recurring signal since 2010:
Every time the price broke above a Resistance, it was the ultimate buy entry if re-tested later as a Support. That happened in mid April and that's what happened last week as well.
In fact, the index made a strong rejection on the 1.5 Channel Fibonacci level and then tested and held the 1W MA50, confirming the emergence of a Channel Up (orange) similar to June 2020 - November 2021. The 1W RSI similarities between the two fractals are also further evidence of this.
As a result, we expect Nasdaq to reach as high as 25000 by mid 2025 (a little lower than our previous 6-month estimate but still good enough to be an excellent buy opportunity even now).
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NAS100: Three days traders long in the market (scalp)Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range ✅
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day
3 Days Long Breakout ✅
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump ✅
Dump&Pump
Frontside ✅
Backside
4. THESIS:
Long: Secondary, although my main thesis is short, day 3 long breakout traders in th market is not necessary a reversal signal, it can also keep going pushing higher, especially on Monday which setup the high low of the week. Depending on how it will setup after 9:30am NYT (equity opening), if a buy low is presented I can be willing to take a long trade.
Short: Primary, the market is out of balance, in breakout and is consolidating after an interesting pump performed on Friday during the NY session. London session of today placed a LL into the current LOD, and if it pumps back up in the closing price or any other relevant level, I will be shorting NAS back to at least the Friday LOD.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
Nasdaq - The stock market is waiting for the FEDThe index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel
If the index falls towards the demand zone, which is also at the intersection with the weekly pivot and channel bottom, you can look for the next buying positions of the Nasdaq index
USNAS100 / Huge Correction...Nasdaq Technical Analysis
The price remains on track to reach 19535 or 19680, after which a significant retest down to 19290 and potentially 19160 is possible before resuming the upward move. Sustained stability above 19535 would further support a rally toward 19680 and 19970.
Key Levels:
Pivot Point: 19535
Resistance Levels: 19680, 19810, 19970
Support Levels: 19290, 19160, 18920
Expected Trading Range Today: 19160 to 19625
Trend: The market is highly sensitive; an uptrend is expected above 19535, while a downtrend may develop if the price remains below this level.
SELLING NASDAQ AND HOLDING SELL WHOLE WEEKNasdaq has not closed the gap at 18350.00. I am going short whole week.
Buy Nasdaq 100Cot report shows more money flowing into the market the big guys are bullish.
Just buy
US100 NASDAQ Technical AnalysisWhen the US100 4-hour chart is examined; It is observed that the price movements continue on the triangle formation. It is evaluated that the index price can target the 20655 level by passing the 19929 level in price movements above the 19040 level, but it is evaluated that it can retreat to the 17326 level by breaking the 18585 level in price movements below the 19040 level.
Nasdaq Thoughts 16-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
Weekly Analyses and RecapSep 16 - 20 2024
Hi Traders and Welcome to Another Weekly Analyses and Recap Idea Post.
Last week the bulls held their strength and price was on a strong uptrend with only a 1H Low as the biggest TF to make a HL. This 1H Low occurred on Wednesday Sep 11 after CPI and acted as a retest before continuing the bullish trend. Although this was not the low I anticipated, it acted as a key entry point to continue the uptrend which continued up to a high of 19,565.9.
On my chart I have highlighted bearish levels of resistance as red zones where price previously respected or retraced to signal some form of a HL. Following the 1H Low, the next retracement level was at 19,235.1 for price to retrace. This retracement only signalled a 45min HL and once again was not the kind of low I anticipated. This further highlights how strong the bulls were last week.
Historically, once price has completed it's retracement, it will recover the sells and less than half the time the sells took the play out. So for example, the 23H HL took 2 weeks to complete to make its lowest point at 18,305.1. Within one week the 23H LH now sits at a high of 19,565.9. This is an indication that the retracement period may be over and we are resuming an uptrend.
Trading Plan for This Week:
Since price is at a high, we cannot buy at a high but rather wait for HLs to signal on the larger TFs for an entry point. On my chart I have indicated a consolidation zone in orange where price previously retraced.
At the time of this post, price is currently at 19,500.9 and is currently retracing from the high of last Friday. However, since the 7H TF is the biggest TF at a LH which needs to signal a High I anticipate that price will eventually continue bullish during London or NY session up to 19,647.7 to signal a 7H High. With the 7H TF being at a high, all the timeframes from the 23H down will be at their highest point making the retracement valid down to 19,134.8 to signal possibly a 4H HL.
19,134.8 is chosen as a TP of interest because
- it currently sits at the 38.2% fib level of extreme volatility.
- it is within an area for which previously acted as a resistance but since price broke out this resistance level can turn into a support.
Once price reaches 19,134.8 only then will I look for buys.
Daily HL signal - indication of a new low
23H LH - bullish correction
4H HL to 23H HL - confirmation of bullish reversal to ATH
From a fundamental standpoint, we do have the Fed's interest rate decision and FOMC which can cause added volatility since the markets anticipate the Feds to announce rate cuts. So then it possible that the price will not signal a HL on the bigger TF and will make a series of HHs and HLs on the 1H TF to break above the orange consolidation zone to new ATHs.
NAS100 9/16/24💹 Indices:
👁️ Outlook
30m Context Time Frame: The 30m time frame has been breaking bullish all last week. I am expecting some type of re-accumulation tomorrow NY session taking some lows before we get a continuation. We can possibly get a setup for longs but we can also just be sitting on our hands all of Monday and have no opportunity.
Daly Bias: Bullish but expecting some sort of re-accumulation before the coninuation.
Keeping an eye on this. 👁️
NAS100USD Middle of rectangle patternIt’s going up till 20387 then going down till 18831 (in extension 18554) and another buying opportunity in begging of October.
The stock market is highly volatile. Please be very careful with your investments.
US _ 100 _ Cash _ CFD _ Sep_ Distribution _ Prices _ Under _ TraUS _ 100 _ Cash _ CFD _ Sep_ Distribution _ Prices _ Under _ Trading _ Venue _ PEPPERSTONE.
Good week ahead .
Expecting the following same as I will be expecting tomorrow will be Monday (GMT).
1st Distribution prices:
$19,551.9
$19,592.6
$19,594.0
$19,639.6
$19,676.5
$19,717.7
$19,731.6
____________________
Retest (drop) To the key level of $19,430.3
2nd Distribution price:
$19,925.7
$20,149.1
$20.229.6
____________
It may struggle to 3rd Distribution:
$20,343.9
$20,390.3
________________
Prepare for descending to the key level of, $19,052.9 , $18,895.0
Look Both Ways Before Crossing The StreetHey, I’m back and better. Just tweaking a lot of things when it comes to my strategy but always remember price action comes before everything else.
I am looking to sell NASDAQ this week
my confirmations to sell are due to liquidity zones
we also are forming a Symmetrical triangle following the Elliot Wave principles the D wave is the Correction and E wave will be the impulse.
The market is Correcting right now but overall still Bullish
Technical Analysis is a language - Jeffery Kennedy
Look Both Ways Before Crossing The StreetHey, I’m back and better. Just tweaking a lot of things when it comes to my strategy but always remember price action comes before everything else.
I am looking to sell NASDAQ this week
my confirmations to sell are due to liquidity zones
we also are forming a Symmetrical triangle following the Elliot Wave principles the D wave is the Correction and E wave will be the impulse.
The market is Correcting right now but overall still Bullish
Technical Analysis is a language - Jeffery Kennedy
My Analysis of where nas 100 can go. Not so sure about this oneMy Idea on nas100 is that it can make pullback before going up or it could go up right away but i am not sure about whats gonna happen. From the fundamental side of thing (stable financial news results and the upcoming Fed interest rate decision) it looks possitive to me.
Whats Your opinion on Nas100? Let me know, i am in the game new so i apreciate every idea and point of view.
NASDAQ H4 IdeaPlanning to initiate a short position in the Nasdaq when it reaches 19,100, aiming to capitalise on a downward movement to 18,900. Once the Nasdaq hits 18,900, I will close my short position and open a long position, anticipating a rebound that could lead to a new all-time high (ATH). This strategy is designed to take advantage of both the anticipated decline and the subsequent recovery in the Nasdaq index.
NAS100 View!!Wall Street was on track to open slightly higher on Friday as investors reevaluated the possibility of a bigger interest rate cut by the Federal Reserve next week, while Boeing fell after the planemaker's factory workers went on strike.
Traders' bets of a 50-basis point rate cut jumped overnight, now standing at 43% compared with 14% on Thursday, CME's FedWatch Tool showed.
Former New York Fed President Bill Dudley said there was a strong case for a 50-bps interest rate cut. Separate media reports calling the decision "a close call" also added to the uncertainty.
"A couple of articles were published in the
UPDATE ON NAS100 ANALYSISNAS100 4H - Back with some updated on analysis on this pair, as you can see previous analysis has played out perfectly for us up to now. Anyone who got involved in longs will have profited nicely.
I am now closing my longs in prep for a down move, we are seeing price sit well at this area of interest. We are also seeing price distribute and this maybe in prep for the anticipated down move, as always we just need to wait for relevant confirmation before we can look to take this market short.
Confirmation will be a break in the fractal structure thats traded price up, I have gone ahead and marked out the last fractal relevant protected low. A break in that will suggest that the bullish leg taking price higher has now finished and a new trend to the downside is ready to be printed.
If however price absorbs this area and breaks above it, we could look to add into further long positions trading price up and into the zone above, again we will need confirmation first before we look to do anything of the sort though.
NAS100 Is Bullish! Buy!
Here is our detailed technical review for NAS100.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 19,484.5.
Considering the today's price action, probabilities will be high to see a movement to 19,918.5.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
US100 | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | Weekly Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Daily Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.786 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
NAS100 - FOMC [18th] WEEK4HR SMA's Crossing, monitor price reaction closely this week.
20 SMA - Blue
200 SMA - Pink
Key Confluence Areas - Grey Lines
Thank you for your time reading, boosting and/or following my analysis.
I deeply appreciate it.
Nas100 BULLISH- I'm looking at that daily FVG and we might get our low of the week inside,
- also looking for sell side to be swept inside that daily FVG first before I start looking for buys.
- keeping in mind that SMT might be formed if Nas100 is stronger between USPX500 and Nas100 might not sweep that sell side but SPX500 might do it for NAs100
- entries would be around New York Am Session as usual looking for 1mins to 5mins MSS.
- it would be beautiful if this happens during that FOMC fundamental day
Always use Stop losses to protect your mentality
GOOD LUCK
