With NASDAQ-EA trading at $118.70, down nearly 30% from its all-time high of $168.50 just 63 days ago, the market presents a mix of caution and intrigue. RSI levels languish deep in oversold territory, with daily RSI14 at an eye-popping 12.19—signaling potential exhaustion in bearish momentum. Add to this the emergence of high-volume buy signals, such as the VSA Buy Pattern Extra, hinting at possible accumulation near powerful support zones.
But here’s the burning question: Is this just a pause in the downtrend, or are we witnessing the groundwork for a bullish reversal? The price has been consolidating under key resistance at $126.40 while remaining well above the critical support at $113.57. As we dive into the charts, traders and investors alike must decide: Is this a time for patience, or a moment to seize the opportunity?
NASDAQ-EA Roadmap: A Path Through Patterns
Here’s how the recent market narrative unfolded for NASDAQ-EA, based on the patterns’ sequence and their main directions. Let’s walk through the roadmap of events to understand the technical dynamics and validate the signals.
1. VSA Buy Pattern Extra 1st – The Starting Signal
The session on 2025-01-23 10:00 UTC kicked off with a bullish VSA Buy Pattern. The pattern suggested an upward movement, confirmed by subsequent price action. The high of $143.27 aligned with the bullish prediction. The trigger was set at a low of $120.50, with the price bouncing back robustly.
* Main Direction: Buy
* Outcome: The next pattern supported the bullish trajectory, validating this pattern's forecast.
2. Sell Volumes Take Over – A Divergence in Direction
The next notable signal emerged on 2025-01-23 15:00 UTC, highlighting increased sell volumes. This suggested a bearish reversal from the earlier upward move. However, the market defied the expectation, holding the $126.4 support and continuing higher, indicating that the trigger failed to activate.
* Main Direction: Sell
* Outcome: Rejected – This pattern didn’t play out due to sustained bullish momentum.
3. Buy Volumes Max – A Bullish Confirmation
Following this, a strong Buy Volumes Max signal emerged on 2025-01-23 14:00 UTC, confirming the market’s intention to stay bullish. The price reached a high of $126.71, creating a significant movement upward. This pattern marked a key moment in establishing a robust upward trend.
* Main Direction: Buy
* Outcome: Confirmed – Momentum aligned with the forecast.
4. VSA Manipulation Buy Pattern Extra 1st – The Climax of Confidence
On 2025-01-23 17:00 UTC, another VSA Buy Pattern surfaced, affirming a long-term upward drive. The subsequent high of $130 reinforced this direction, proving its credibility. This pattern’s precision and alignment with previous signals made it a pivotal moment.
* Main Direction: Buy
* Outcome: Verified – Price action aligned perfectly, solidifying bullish confidence.
5. Increased Sell Volumes – A Temporary Reprieve
The market showed a shift on 2025-01-22 21:00 UTC, with an Increased Sell Volumes pattern. Despite a minor pullback to $120, the upward trend persisted, invalidating the bearish prediction. This marked the sellers’ inability to seize control.
* Main Direction: Sell
* Outcome: Failed – Price action rejected the bearish forecast.
Key Takeaways for Traders and Investors
Stay tuned for the next wave of market action! Whether you're riding the trend or waiting for the next pivot, these patterns provide a clear narrative for navigating NASDAQ-EA.
Technical & Price Action Analysis: Key Levels to Watch
The market’s dance around support and resistance zones can reveal its next moves. Let’s break down the levels currently steering NASDAQ-EA and how to approach them. Remember, if these levels don’t hold, they’ll flip into resistance, and the bulls or bears will have to face them again.
Support Levels to Keep on Your Radar
Resistance Levels to Break for Bullish Continuation
Powerful Support Levels – Where the Big Boys Are Watching
Powerful Resistance Levels – Overhead Barriers
Pro Tip for Traders:
Levels don’t exist in isolation. Always look for price action confirmation—like wick rejections, candle closes, or volume spikes—when testing these zones. If you see these signs fail to hold, flip your mindset and consider these levels as the next barriers to overcome.
Trading Strategies with Rays: Precision Meets Probability
The "Rays from the Beginning of Movement" concept offers a robust approach to understanding market dynamics, providing clarity on probable price scenarios while avoiding the pitfalls of predicting exact levels. Let’s explore the concept, scenarios, and actionable trade setups.
Concept of Rays: The Fibonacci-Based Framework
Rays, based on Fibonacci mathematical and geometric principles, are dynamic tools that define key zones of price interaction. Each ray starts from the beginning of a movement, capturing the natural flow of the trend or correction. Here’s why this matters:
Why Focus on Probability, Not Precision?
The nonlinear nature of financial markets makes predicting exact levels unfeasible. Instead, rays reveal key zones where price interaction is likely. This simplifies decision-making and identifies high-probability trade setups.
Optimistic Scenario: Bulls Regain Control
* First Target: $126.4 – Interaction with this ray and support from MA50 signals a breakout opportunity.
* Second Target: $143.01 – Sustained momentum leads to this resistance zone, amplified by MA100 convergence.
* Third Target: $145.79 – Interaction here suggests another leg upward, with potential consolidation around MA200 for further continuation.
Pessimistic Scenario: Bears Take the Wheel
* First Target: $113.57 – A breakdown below this ray opens a move to this support.
* Second Target: $109.83 – Failure at MA50 and interaction with this ray could accelerate downward momentum.
* Third Target: $108.53 – Price interaction signals potential bottoming, but further selling pressure could test this absolute low.
Suggested Trade Setups: From Ray to Ray
Key Takeaway for Traders:
Use ray interaction as your signal to act. Each move from ray to ray provides clarity on the next targets, with moving averages acting as dynamic guides. Adjust your position size and risk accordingly, but remember: patience pays when trading with rays.
Let’s Keep the Conversation Going!
Got questions about the analysis or want to discuss the roadmap in more detail? Drop your thoughts directly in the comments! I’m here to chat, clarify, and help you sharpen your trading game.
Don’t forget to Boost this post and save it to your favorites—it’s the best way to track how the price moves according to my layout. Understanding key levels and reaction points is essential for building confident trades, and I’d love for you to revisit this analysis later to see how it played out.
For those of you intrigued by my Rays and Levels Strategy, here’s the insider tip: the indicator automatically maps out all these zones, but it’s currently available in Private Only. If you’re interested in using it, feel free to message me directly, and we can discuss access options.
If you’d like custom analysis on a specific asset, I can make it happen! Some requests I’m happy to share for free with the community, while others can remain private just for you—perfect if you want to keep your edge to yourself. Either way, let’s collaborate to make your trading more precise.
Rays work on all assets, from stocks to crypto, and I’m happy to mark them up for you. Just Boost this post, write your request in the comments, and I’ll get to it as soon as I can.
And, of course, make sure to follow me here on TradingView to stay updated on my latest ideas, strategies, and insights. Trading is a journey, and I’d be thrilled to have you along for the ride! 🚀
But here’s the burning question: Is this just a pause in the downtrend, or are we witnessing the groundwork for a bullish reversal? The price has been consolidating under key resistance at $126.40 while remaining well above the critical support at $113.57. As we dive into the charts, traders and investors alike must decide: Is this a time for patience, or a moment to seize the opportunity?
NASDAQ-EA Roadmap: A Path Through Patterns
Here’s how the recent market narrative unfolded for NASDAQ-EA, based on the patterns’ sequence and their main directions. Let’s walk through the roadmap of events to understand the technical dynamics and validate the signals.
1. VSA Buy Pattern Extra 1st – The Starting Signal
The session on 2025-01-23 10:00 UTC kicked off with a bullish VSA Buy Pattern. The pattern suggested an upward movement, confirmed by subsequent price action. The high of $143.27 aligned with the bullish prediction. The trigger was set at a low of $120.50, with the price bouncing back robustly.
* Main Direction: Buy
* Outcome: The next pattern supported the bullish trajectory, validating this pattern's forecast.
2. Sell Volumes Take Over – A Divergence in Direction
The next notable signal emerged on 2025-01-23 15:00 UTC, highlighting increased sell volumes. This suggested a bearish reversal from the earlier upward move. However, the market defied the expectation, holding the $126.4 support and continuing higher, indicating that the trigger failed to activate.
* Main Direction: Sell
* Outcome: Rejected – This pattern didn’t play out due to sustained bullish momentum.
3. Buy Volumes Max – A Bullish Confirmation
Following this, a strong Buy Volumes Max signal emerged on 2025-01-23 14:00 UTC, confirming the market’s intention to stay bullish. The price reached a high of $126.71, creating a significant movement upward. This pattern marked a key moment in establishing a robust upward trend.
* Main Direction: Buy
* Outcome: Confirmed – Momentum aligned with the forecast.
4. VSA Manipulation Buy Pattern Extra 1st – The Climax of Confidence
On 2025-01-23 17:00 UTC, another VSA Buy Pattern surfaced, affirming a long-term upward drive. The subsequent high of $130 reinforced this direction, proving its credibility. This pattern’s precision and alignment with previous signals made it a pivotal moment.
* Main Direction: Buy
* Outcome: Verified – Price action aligned perfectly, solidifying bullish confidence.
5. Increased Sell Volumes – A Temporary Reprieve
The market showed a shift on 2025-01-22 21:00 UTC, with an Increased Sell Volumes pattern. Despite a minor pullback to $120, the upward trend persisted, invalidating the bearish prediction. This marked the sellers’ inability to seize control.
* Main Direction: Sell
* Outcome: Failed – Price action rejected the bearish forecast.
Key Takeaways for Traders and Investors
- Bullish patterns dominated the sequence, with successful confirmations in 3 out of 5 instances.
- The alignment of VSA Buy Patterns highlighted the reliability of these signals for medium-term forecasts.
- Failed bearish patterns suggest strong buying pressure, keeping the market in an upward trend.
Stay tuned for the next wave of market action! Whether you're riding the trend or waiting for the next pivot, these patterns provide a clear narrative for navigating NASDAQ-EA.
Technical & Price Action Analysis: Key Levels to Watch
The market’s dance around support and resistance zones can reveal its next moves. Let’s break down the levels currently steering NASDAQ-EA and how to approach them. Remember, if these levels don’t hold, they’ll flip into resistance, and the bulls or bears will have to face them again.
Support Levels to Keep on Your Radar
- 113.57 – A critical level; if it breaks, expect a retest to confirm resistance.
- 109.83 – A deeper pullback zone where buyers might reload if momentum weakens.
Resistance Levels to Break for Bullish Continuation
- 126.4 – The first line of defense for bears. A breakout here could ignite a stronger rally.
- 143.01 – A psychological zone tied to past highs; watch for reaction here.
- 145.79 – This level could be the gatekeeper for more significant upside potential.
Powerful Support Levels – Where the Big Boys Are Watching
- 144.61 – A make-or-break zone for bulls if the market revisits lower prices.
- 163.86 – The last stronghold for buyers, holding the line from deeper corrections.
Powerful Resistance Levels – Overhead Barriers
- 113.79 – If this flips, expect it to become a strong ceiling on pullbacks.
Pro Tip for Traders:
Levels don’t exist in isolation. Always look for price action confirmation—like wick rejections, candle closes, or volume spikes—when testing these zones. If you see these signs fail to hold, flip your mindset and consider these levels as the next barriers to overcome.
Trading Strategies with Rays: Precision Meets Probability
The "Rays from the Beginning of Movement" concept offers a robust approach to understanding market dynamics, providing clarity on probable price scenarios while avoiding the pitfalls of predicting exact levels. Let’s explore the concept, scenarios, and actionable trade setups.
Concept of Rays: The Fibonacci-Based Framework
Rays, based on Fibonacci mathematical and geometric principles, are dynamic tools that define key zones of price interaction. Each ray starts from the beginning of a movement, capturing the natural flow of the trend or correction. Here’s why this matters:
- Dynamic Levels: Rays adapt to new patterns, keeping you ahead of the curve.
- Clear Scenarios: Price interaction signals continuation or reversal, but only after interaction with a ray.
- Directional Guidance: Moving averages (MA50, MA100, MA200, and MA233) enhance ray analysis, acting as dynamic support or resistance.
Why Focus on Probability, Not Precision?
The nonlinear nature of financial markets makes predicting exact levels unfeasible. Instead, rays reveal key zones where price interaction is likely. This simplifies decision-making and identifies high-probability trade setups.
Optimistic Scenario: Bulls Regain Control
* First Target: $126.4 – Interaction with this ray and support from MA50 signals a breakout opportunity.
* Second Target: $143.01 – Sustained momentum leads to this resistance zone, amplified by MA100 convergence.
* Third Target: $145.79 – Interaction here suggests another leg upward, with potential consolidation around MA200 for further continuation.
Pessimistic Scenario: Bears Take the Wheel
* First Target: $113.57 – A breakdown below this ray opens a move to this support.
* Second Target: $109.83 – Failure at MA50 and interaction with this ray could accelerate downward momentum.
* Third Target: $108.53 – Price interaction signals potential bottoming, but further selling pressure could test this absolute low.
Suggested Trade Setups: From Ray to Ray
- Buy at $126.4: Enter on a breakout above this ray with MA50 support. Target $143.01, with $145.79 as the stretch goal.
- Short at $126.4: If price rejects this ray, target $113.57 with a protective stop-loss above $126.4.
- Buy at $113.57: Look for bullish price action signals after interaction. First target $126.4, second target $143.01.
- Short at $143.01: If price fails to hold above this ray, target $126.4. For risk-takers, $113.57 offers a secondary target.
Key Takeaway for Traders:
Use ray interaction as your signal to act. Each move from ray to ray provides clarity on the next targets, with moving averages acting as dynamic guides. Adjust your position size and risk accordingly, but remember: patience pays when trading with rays.
Let’s Keep the Conversation Going!
Got questions about the analysis or want to discuss the roadmap in more detail? Drop your thoughts directly in the comments! I’m here to chat, clarify, and help you sharpen your trading game.
Don’t forget to Boost this post and save it to your favorites—it’s the best way to track how the price moves according to my layout. Understanding key levels and reaction points is essential for building confident trades, and I’d love for you to revisit this analysis later to see how it played out.
For those of you intrigued by my Rays and Levels Strategy, here’s the insider tip: the indicator automatically maps out all these zones, but it’s currently available in Private Only. If you’re interested in using it, feel free to message me directly, and we can discuss access options.
If you’d like custom analysis on a specific asset, I can make it happen! Some requests I’m happy to share for free with the community, while others can remain private just for you—perfect if you want to keep your edge to yourself. Either way, let’s collaborate to make your trading more precise.
Rays work on all assets, from stocks to crypto, and I’m happy to mark them up for you. Just Boost this post, write your request in the comments, and I’ll get to it as soon as I can.
And, of course, make sure to follow me here on TradingView to stay updated on my latest ideas, strategies, and insights. Trading is a journey, and I’d be thrilled to have you along for the ride! 🚀
Professional market analytics. Get discount 90% on the annually subscriptions. Message me in DM.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Professional market analytics. Get discount 90% on the annually subscriptions. Message me in DM.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.