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Weekly Update: Has the Nasdaq Topped?The Nasdaq market has been the most impulsive looking of the indices. Having stretched slightly above the .786% retracement off the move down from November 2021 highs to the October 2022 lows, price looks to challenge the overall bearish structure. Unlike the other indices, the Nasdaq shows a clear impulsive structure. However, the problem with this idea of the NQ reaching all time highs is much the same story in all the other indices. The manner in which price started this rally off the October lows. In my opinion, it continues to tell the tale of this type of price action. One would expect a move to new highs starting off with an impulsive 5-wave structure. In the NQ, the only potential bullish structure off the lows is a leading diagonal. Although it is a motive wave and a push to new highs starting off with a diagonal is valid, diagonals tend to be highly unreliable structures. Therefore, I have to maintain that this move higher is still a B-wave counter trend rally that reconciles eventually in the 7000-9000 sometime next year. Although it is possible to retrace some and make one more high as displayed in my purple labeling, I now have a full count to the upside. Therefore, I will maintain this purple alternative count as long as price is above 14250. Below 14250, and my expectation is to ultimately resolve this larger bearish structure at far lower levels.
CME_MINI:NQ1!Short
by maikisch
NAS100 SHORT RESISTANCEDear fellow aliens. Short position on NAS100 RESISTANCE TOUCH Wait for breakout trendline and retest of broken BoS wick candle. 4hr TP 1day chart recent highest swing as seen support zone. RSI MULTIPLE 1D OVERBOUGHT AREAS. MARKET SENTIMENT BULLISH. Do opposite Inflation rates probably will decrease so expect xauusd to go bullish. Everyone expects gold to drop, do opposite eliminate retail amateur traders. comment for 4000 pips scalping strategy for nas100. mentoring is free . dedication and full time concetration is required. of course wait NY market open session for best entry. looking into expand my business for interest only 1000% dedication no guru alike indians fokes or similair. comment for interest and contact details will be shared.
OANDA:NAS100USDShort
by ImperialTrading
US30 The Target Is DOWN! SELL! My dear followers , Please, find my technical outlook for US30 below: The price is coiling around a solid key level - 34190 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 33839 My Stop Loss - 34397 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
CAPITALCOM:US30Short
by AnabelSignals
6
DAX Incomplete Elliott Wave Bullish Sequence Favors HigherShort Term Elliott Wave View in DAX suggests the rally from 3.20.2023 low is in progress as a 5 waves impulse. Up from 3.20.2023 low, wave 1 ended at 15298.49 and pullback in wave 2 ended at 14809.82. Index then extends higher in wave 3 towards 16331.94. Pullback in wave 4 is unfolding as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 15726.5 and wave ((b)) ended at 16079.73. Wave ((c)) lower ended at 15629.12 which completed wave 4. Index has resumed higher in wave 5. Internal subdivision of wave 5 is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave 4, wave ((i)) ended at 16114.84 and pullback in wave ((ii)) ended at 15909.85. Index then resumes higher again in wave ((iii)). Up from wave ((ii)), wave (i) ended at 16020.28 and wave (ii) ended at 15913.95. Expect the Index to extend higher 1 more leg to complete wave (iii), then it should pullback in wave (iv) before it resumes higher again. Near term, as far as pivot at 15629.38 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
XETR:DAX
by Elliottwave-Forecast