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Technical analysis update: Nasdaq 100 (25th January 2022)Nasdaq 100 hit all our price targets as it dropped to 13 706 USD yesterday. At the moment we are unsure whether market selloff will continue. Because of that we decided not to set a new price target for NQ1!. Instead, we would like to wait for the FED statement tomorrow and then we will reassess the situation. It is possible that the FED might backtrack on its recent hawkish narrative in regards to economic tightening. This might temporarily halt market selloff (or even entirely). We will update our thoughts on NQ1! after the FED provides more information on its future monetary steps. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+ and DM- are bearish. ADX continues to increase which suggests that the prevailing trend is strong. Price deviated too far from its 10-day SMA which suggests that it might be ready for retracement. Overall, the daily time frame remains bearish, however, with some indicators signaling oversold condition in the short-term. Technical analysis - weekly time frame RSI, MACD and Stochastic are bearish. Same applies to DM+ and DM-. Overall, the weekly time frame is bearish. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
CME_MINI:NQ1!
by Tradersweekly
7
QCOM PredictionsHere is my insight on QCOM For the bounce case ~ 4 hr chart has not broken the support yet signifying we could see a bounce before going through it. ~ slight RSI bullish divergence in last 2 days signifies a small pullback could come. ~ we are on the 0.382 fib zone which is a zone to watch since pullbacks on an uptrend like that zone. ~ After going down a whopping 14 percent, we are due for a dead cat bounce of a possible 2-5 percent If bounce exists ~ Since we broke the 200 ema it is likely we could go back to it and bounce off. This PT/put entry point would be 169 - 169.50 ~ The 1hr chart hasn't pulled back to the emas yet after crossing them. The 50 ema would be the first to touch and would be at 173-174 range, which ironically is also a big zone of resistance from previous bottoms. This would be the ultimate entry point for puts, and a good stop loss for puts...If we go higher than this we are going back on the bull run. Puts case ~ the 4 hr chart has already broke and then bounced off the 200 ema. SO it is not out of the question that we can go lower. ~ We just need to break this support. once we break the support, we are going to go back up to it. I'd wait for the support to break and the bounce to occur before entering puts.
NASDAQ:QCOM
by CheckMatted
NQ - 1 Hour / 1C Retracement textbook A naar perfect touch of the SELL, dipped in a few Ticks an spet the balance of the Day heading to new and lower Lows. A perfect weak 1C retracement. ____________________________________________________ AAPL Breaks TSLA Breaks ____________________________________________________ Freaky Friday ahead, with more twists and turns, but the Operators showed their hands again today - screwing the Dip buyers without remorse. Tomorrow has the makings of a Black Friday as Expiry sees the remainder of Leaps expire.
CME_MINI:NQ1!
by HK_L61
4
GOLD Forecast 1/7Buy setup today on Gold, we are looking for price to bounce at 1789 and retrace into 1810-1813. As long as the C wave is holding and price does not close below the previous low this set up will be valid. Once price has retested this zone and trends upwards, then our target is the previous point of control around 1813. Our stop is tight as NFP is today and is placed at 1784. Enjoy & Happy New Year everyone, lets aim for another historical year in the marketplace. ^_^
OANDA:XAUUSDLong
by johnconner966
4
NAS SCENARIOOutlook for NAS. - Weekly: Nas had a nice big pullback on the weekly, perfectly testing and rejecting the 50%. It caught some liquidity and currently it's making it's way up again. - Daily: After that nice H&S pattern we can see liquidity being caught at the zone below the 50% fib, rejection and a perfect retest on the 50% on the daily aswell. I can see this being a major pivot point. - 4H: We can see the downtrend/major pullback very clear here, currently nas is making up moves after catching liquidity. if nas breaks the 61.8%, then I would like to see an ABC pullback correlating with the fib, creating a higher low. Indicating a shift of trend before looking for buy opportunities. - Let me know your thoughts, link your outlooks in the comments below.
OANDA:NAS100USDLong
by Nas-Prince
Nas100 Weekly Breakdown: Reading charts like a pro📈📉Hello friends, Today I have decided to share with you what I look for in the market and what helps me to predict market movements. In this idea, I have used Nas100 as an example. I am sharing this for educational purposes and also to shed light on the current market structures as well as future movement of Nas100. Some of you might find this beneficial and others won't. It doesn't really matters. Hahahaha. First of all, we see that Nas100 printed a head and shoulders pattern the past weeks. What exactly is a head and shoulders pattern? According to Wikipedia: "Head and Shoulders formations consist of a left shoulder, a head, and a right shoulder and a line drawn as the neckline. The left shoulder is formed at the end of an extensive move during which volume is noticeably high. After the peak of the left shoulder is formed, there is a subsequent reaction and prices slide down somewhat, generally occurring on low volume. The prices rally up to form the head with normal or heavy volume and subsequent reaction downward is accompanied with lesser volume. The right shoulder is formed when prices move up again but remain below the central peak called the Head and fall down nearly equal to the first valley between the left shoulder and the head or at least below the peak of the left shoulder. Volume is lesser in the right shoulder formation compared to the left shoulder and the head formation. A neckline can be drawn across the bottoms of the left shoulder, the head and the right shoulder. When prices break through this neckline and keep on falling after forming the right shoulder, it is the ultimate confirmation of the completion of the Head and Shoulders Top formation. It is quite possible that prices pull back to touch the neckline before continuing their declining trend." That make sense doesn't it? For a head shoulders pattern to be completed, it should have a left peak (shoulder), top peak (head), right peak (shoulder) and a neckline. A neckline needs to be broken (sometimes retested) to validate the pattern and to ensure that the next impulsive move is likely to occur. Let's look at the psychological human behavior behind the head and shoulders pattern (in this scenario, I will use the head and shoulders top like the one we currently see on Nas100). This will also help us to understand if this is a real head and shoulders or fake one (there can be fake ones that can give wrong signals, hahahaha). This will also help us to understand what really is in the in mind of traders both institutional traders and retail traders. Please pay attention to my two arrows label X and Y. X- Price rallied high and it did so strongly (the market moved very rapidly without resting and for sure people that bought during that time had big fat smiles😁). Now that is what we call an Impulsive Wave. Price pushed up, and from the neckline price began to take a break from a long run and it printed the Left Shoulder which can also be said as the higher high. Again, price pushed up and formed the head which can also be said as another higher high, this peak is higher than the previous high. Oops, that is the last time we saw buyers flexing their muscles. Sellers stepped in, pushing price to the neckline and from there buyers weren't strong enough to push price back to where they were brought from (head), instead sellers kept price at the same level as the left shoulder, which sponsored a strong reaction that violated the neckline and that became bears victory (a break of the neckline). What is next for us? Since the neckline has been broken, how far should the fall be? Now here is where we get different answers. Some would tell you, first impulsive wave I labelled X is a shadow of what is to come, meaning what we should expect is the same impulsive wave to be printed at point Y, same length as X. It can make sense to some but it won't be to others. Here is a thing, whatever makes money for you is all what matters. What other people think is basically none of my business (sorry)😁, As long as the money is made. Right? Yes! We do not want to blindly follow what is in the books, what is taught and what is on the internet. We need to develop the mind of understanding and interpreting the current price action in the market. If we can do so on our own, that is maturity. Look at the market like you would look at a friend, you would understand and interpret your friend's feelings and emotions, when he is sad and when he is happy. The market, this thing called the financial market is dramatic, but if we only sit and try our best to understand and of course interpret the current mood in the market we can reap some measure of success. Do you enjoy this article? Do you want me to share many of this? Show me you do by hitting that like button. If you find this boring please be kind to tell me why, I will improve. Wishing everyone the best this week. Forexintelligence
FX:NAS100Short
by Forexintelligence_NA
9
Could be wrong... but buying the support on $NAS could be smartFacts don't always translate into reality, but the facts are here for the $NAS statistics of head and shoulders patterns - In 93% of cases, the exit from the head and shoulders pattern is bearish. - In 63% of cases, the price reaches the objective of the head and shoulders pattern when the neck line is broken. - In 96% of cases, the bearish movement continues at the break in the neck line. - In 45% of cases, after exiting, the price makes a pullback in resistance on the neck line of the head and shoulders pattern. Notes on the head and shoulders pattern - The longer the movement before the formation of a Head and Shoulders (H&S) pattern is, the more forceful the bearish movement at the break of the neck line will be. - The more abrupt the movement before the formation of a Head and Shoulders (H&S) pattern, the more forceful the bearish movement at the break of the neck line will be. - Head and shoulder patterns with an upward neck line offer better performance. - If the left shoulder is higher than the right shoulder, the head and shoulder pattern offers better performance. - After exiting the head and shoulders pattern, pullbacks in resistance on the neck line are detrimental to performance.
OANDA:NAS100USD
by TheMarketDog2
Nas100 might rise to 16400 to complete the wedgeWe should expect further consolidations between 16000 and 16400 to complete the broadening wedge. There's high possibility that Nas100 will rise to complete the broadening wedge formation to the top side. A break above the wedge will attract more buying pressure and send price higher to 17000.00 and on the other hand, failure for bulls to break above the wedge, will attract more selling pressure and Nas100 will remain vulnerable to more weaknesses. We should continue to monitor price and further developments while being vigilant with our positioning, following a very good trading plan. Please support this idea with likes and feel free to share your opinion in the comment section below.
FX:NAS100Long
by Forexintelligence_NA
7