NAS - Price CompressionThe confirmed H&S that failed to follow-through to the 100% downside target left a wake in it's path. Now we are seeing price compression at the neckline; with the apex lining up first half of April. Now, waiting for the break and backtest. The NAS remains below the 2 hour 50 SMA in the shadow of the triple top. The toppy patterns are repeating on the 5 min frame.
NAS
NAS - Record a LL - with a sense of humornot funny, as tech refuses to leave the resistance zone. Inside bar tomorrow with a spinning top candle stick to end off the week? Nio had a nice bounce today under the short sellers restricted list and was tied directly to the NAS albeit supercharged on the up moves.
Nasdaq will it continue its sell rally We had a very good bearish run yesterday. As I analysed couple days ago it has come to 12780 one of the key areas, see previous posts. Before we get excited and jump into more sells we should see what is happening. The market has been consolidating last couple weeks between 13174- 12780 which you can see more clear on the daily. So for the bears to continue its rally we need a break of 12780 to the downside. If not price may continue towards 13174 and attempt a break there toward the upside.
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Divergence trade on H! NAS 100 Divergence on H1, wait for 50-61% retracement from current support to form a lower high to break bullish structure. Sell at LH target next consolidation
Nasdaq very bullish We had a nice bullish rally yesterday taking price very close to my analysis 13200- Priced reached 13170. The price then did retrace a bit and today I am expecting price moving back up taking price to 13200-13300. However if the price starts to drop before 13020 then we may see bears coming in pushing price back down 13780 level.
Also on the daily you can see the box I have drawn where I want the price to be coming then it will be a battle for breaking this trend to go to the upside or fall back down.
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Will Nasdaq make a new high ? Hi Everyone,
Hope you all had a great weekend.
I Will start with the higher timeframe today as it is very important to see what is happening. Today we will get a weekly candle close and we are at the crutial area again where we really need the candle to break the resistance area of 12940 on the weekly timeframe. The last 3 weeks it's attempted each time but failed. If we finally get this break nothing is stopping nasdaq to reach a new high. As for the daily time frame we can see the trend is still very bullish. And bulls do come in it will take price to 14000 and above which I will add as we progress. So today our concentration will be around this 12773- 13202 area.
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NAS100 | Inverted Head & Shoulders Formation..!!!#NASDAQ (Update)
In 4h timeframe, NAS100 is Forming Inverted Head & Shoulders Pattern But Right Shoulder still not Completed yet.
At the Moment, Bulls Defending the 12700 Support & In Case of Bounce towards the Key Horizontal Resistance (13330) then Right Shoulder Will be Completed.
If Key Resistance got Cleared, Next Stop would be 140000. (New ATH)
In Bearish Case, If 12700 Support Broken Downside then Nasdaq might retest the 12300 Support Area & inverted H&S Formation will be got Invalid.
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NAS100USD 2021 Mar 22 Week
OANDA:NAS100USD
NAS100USD 2021 Mar 22 Week
Last week, resistance zone held up convincingly.
UHV Bar 1 sign of weakness appeared, for a good short.
Watch if price can remain above high of bar 2. If so, Bar 2
has formed a support and we may have long opportunity.
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Have a safe and profitable trading week!
NASDAQ Analysis From the daily we can the the price will either continuing coming down (if broken through 12726), to come back and retest the trend line before going up to make new highs or the bulls may come in now, breaking 12924 and continue going up. Have a plan and patiently wait for that plan to play out. Dont rush into trade.
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NASDAQ 2HR SHORT TRADE ENTRY : 12990
STOP LOSS : 13062
FIRST TAKE PROFIT : 12885
RISK : 1% CAPITAL
Once first take profit target is hit i will close half the position. We will then look for continues of trend. As we have more information i will follow up with an analysis on remaining open position.
GL.
Please feel free to comment and discuss.
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