NASDAQ Trading Alert: Technical Setup and NFP Impact AnalysisAs we approach the upcoming non-farm payroll (NFP) report this Friday, there is a setup on the NASDAQ that's worth noting. However, I won't be taking any trades at the moment due to the potential impact of the NFP report on the market. Nonetheless, I'll still provide some technical insights to keep you informed.
It's worth keeping in mind that if the NFP beats expectations, this could potentially send the NASDAQ back to the downside. With that said, let's take a closer look at the technical side of things.
Recently, the NASDAQ has broken a higher time frame trendline and created a continuation pattern. If we see clear price action and a reclamation of our "Key Zone," there may be an opportunity for more upside. However, it's essential to exercise caution as this is a risky setup.
It's important to manage any trades carefully, especially given the potential market impact of the NFP report. By doing so, traders can mitigate potential losses and take advantage of any potential gains. So, good luck traders and stay vigilant! We hope this analysis helps you make informed decisions in your trading activities.
Buyopportunity
$NDSN is coming up on the right side of its base!Notes:
* Strong up trend on the higher time frames
* Strong earnings track record
* Basing for the past ~15 months
* Increasing volume on the monthly and weekly charts
* Currently breaking out, with volume, of a long germ pivot of 242.64 on the weekly chart
* On the daily chart it broke out, and retested that pivot as support while also pulling back to its 20EMA
* Has been seeing more accumulation recently, indicating institutional demand
Technicals:
* Sector: Industrials - Specialty Industrial Machinery
* Relative Strength vs. Sector: 1.41
* Relative Strength vs. SP500: 1.09
* U/D Ratio: 1.24
* Base Depth: 37.2%
* Distance from breakout buy point: -7.93%
* Volume -60.53% below its 15 day avg.
Trade Idea:
* You can enter now as the price is bouncing off of it's long term pivot of $242.64 and also its 20EMA
* If you want you can place an order around the $242.64 area as well as it may retest it as support since the volume is low on the daily chart.
* Statistically, this stock may go 22.14% higher from here. Of course that won't be immediately but, looking at its history it could push higher using it's 20EMA as a dynamic level of support and get there.
MORE BUYING PRESSURE FOR DOLLAR INDEXIn this analysis DXY impulsed out and broke-out from the huge period of consolidation on the higher time frame, now we want to see a continuation correction like a flag.... etc.... get ready to scale it to the top which means i'm going to observe some DOLLAR pairs for some sell momentum for e.g pairs stay tune
#WHAT ARE WE EXPECTING:
we need a lower time frame correction to form or reversal candle stick to form around labelled "retracement"
#HOW DO WE ENTER:
lower time frame correction break
TRADE CRITERIA:
#reduce risk entry on the ltf correction break
#3:1 risk to reward
#more correction
#target--104.100
WATCH OUT FOR NEXT WEEK WE NEED SOME CORRECTION
THANKS FOR READING
AS ALWAYS TRADE SAFE AND TRADE SAFE!!!!!!
DID YOU INVEST IN XRP?If your answer is "Yes". Congrats to you, by next uptrending between Altcoins vs Bitcoin, your money will be doubled. HOW?! In short. Let's say, you bought $1k of XRP at 30 cents ( 1000 / 0.3 = 3333.33 XRP ). After next halving of Bitcoin on May 2020, Bitcoin will reach $15k at least and the reward of miners will be decreased to 6.25 Bitcoins. This will reverse the game from the downtrend of Altcoins vs Bitcoin to the uptrend of Altcoins vs Bitcoin with double increase in value of USD. I'm not saying "Hype" but every Altcoin will try to be survived after the halving of Bitcoin and that's normal to keep the main investors in safe side. So, if you does sell your XRP / BTC or / USD at that time, you will get double profit $2k or 6666.66 XRP.
If your answer is "No". You can set buy orders like what I did in GOOD TIME TO BUY BITCOIN!
NEXT UPTREND WILL BE 60 CENTS FOR XRP.
DECIDE AND TRY TO MANAGE YOUR WALLET WITHOUT LOSING. HAPPY TRADING ;)
Siri setup for uptrendSiri is at the bottom of its trend channel. Expecting it to go back up soon, Good spot to buy now or $5.75 if you want more at the end of the dip, but trend shows this point might be going back up.
BITCOIN ENTERRING OUR BUYING ZONE :BE READY: -------.Sigma zone is very near you did't get enough time to --"ACCUMULATE".
ACTION CONSTRUCTION EQUIPMENT LTD ACTION CONSTRUCTION EQUIPMENT LTD GOOD FOR SWING
Daily chart time frame breakout
volume is high
BUY 301.90
sp 267
1st target 333
2nd target 365
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Gold buy opportunity Hi
We are in begging of powerful wave 3 on elliot wave analysis. Based on this theory, gold is started to be 2300 and over it.
Please buy on this point.
Have a good trade.
Bye
MANYAVAR aka. VENDANT FASHION LTD looks like a great buy at CMPVEDANT FASHIONS LTD also better known as MANYAVAR is a Monopoly clothing and accessory business when it comes to marriage related shopping.
Also, it has very strong Fundamentals.
Recently, It has broken on UPSIDE from the Box on good volumes.
Volumes are rising each day, can be an interesting buy for Medium to Long term.
Note: This is not an investment advice.
Let’s goPrice is strong bearish on HTF. But this looks like a good scalp. Will take ifhourly closes bullish and some sort of engulfing candle for afternoon NY sess
Great buy opportunity for nikkeiHi
In my elliott analysis, we are in second wave and the third (and very profitable wave) will be started soon.
Two target is shown in chart by fibo and resistance line.
Please like my idea if you agree with it.
Have good trade
Yours
Dax's buy opportunityHi
According my Elliot analysis, we are in starting of third wave for Dax index. This impulse wave can increase to 14730-14950 at the first state.
Have good trade
Yours
Gold's buy opportunityHi
The correction of third wave wss done and forth wave was finished.
We are in impulse increasing wave and a best opportunity to buy.
Have good trade.
Bye
Call Option Setup *ATER*Speculating that ATER will break 5.20 resistance and move up towards $6 a share. Im looking to buy a $5 call option expiring 4/29. A perfect wedge is being set up, good buy oppurtunity in my eyes.
JSMR will shine during Eid holidays 2022. Buy now !!positive sentiment supported the movement of JSMR shares during the Eid holiday season. Based on the news and also from a technical perspective, JSMR shares are also in an uptrend phase with a bullish candle supported by an increasing volume along with an increase in the oscillator and MACD indicators
RIOT Calls *Not Financial Advice* *All Speculation*Looking to buy Call options for RIOT. Depending on how BTC reacts to 38000 resistance level will be the determing factor to if I buy these call options. If we see a break at 38000 then RIOT will more then likely trade down to $10 a share, this is where im looking to buy in. However if we see a reversal at 38000 then RIOT will likely trade into 11.5-12 zone. If we dont see a reversal at 38000 then im speculating market will retest at 36000. The exact play im looking at is a RIOT 11.5 Call Expiring May 6. Entry zone is $10 area and Exit Zone is 11.5-12 area.
QQQ Calls ??? 4/26 - 4/29 Analysis Looking for QQQ to bounce of 318 and retest this restistance. If I see a reversal at 318 I will be buying call options that expire 4/29. If this goes how I predict then I will be looking to sell my option contracts in the 324-327 Zone before the contracts expire. Depending on how QQQ reacts to 322 resistance will determine my exit.
Buy CUMMINSINDStock gave breakout from descending triangle pattern!
Can be bought @cmp for target of 1065.
Take SL at 840.
R:R is 2.22 if bought at 910.
Gland pharma Daily seen double bottom and rsi divergence buy at Cmp(3300)Sl will at 3200 for 3450 3500 ++
WAR WeStarter Cryptocurrency Launchpad at $1 Million Mk capWAR WeStarter is a cross-chain token initial swap platform which selects high-quality crypto projects that need fundraising before listing to major exchanges.
It was launched in May 2021 at $2. Due to market conditions, the price is now $0.071 and the market cap is $1 million.
The first financing was completed on April 15th, and the participated investment institutions include Continue Capital, SevenX Ventures, NGC Ventures, AU21 Capital, Spark Digital Capital, LD Capital, Power Law Capital, Kyros Ventures, DoraHacks Ventures, SkyVentures, DEFI TIMES CAPITAL and others.
A similar incubator is SFUND Seedify, has a mk cap of $185Mil.
So The upside potential is 185X from here just to reach SFUND`s market cap.
Extremely low circulating supply, with few thousands usd, you ca substantially move the price.
The RSI shows a massive bullish divergence. Increase in volume while decrease in price.
Minimum upside potential is 10X in my opinion.
Paypal Correction coming to an end ? Paypal has taken a beat down this week but when we zoom out its no more than a healthy correction .
Price began to correct after putting in a double top back in the summer and from then on we identify a change in market structure .
We are way down at the .786 Fib and heading towards .886 for around 110 a share .
Always wait and see the reaction of a level and look at volume and reactions on a LTF will give you some clarification.
If .886 is the last stop then you want to see a change in market structure on LTF with a higher low /Higher high but i
would expect a reaction at this level .
Fib speed fan and FIB Expansion used in chart + fixed Range
