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
NAS
NAS - mini cup and handle editionFed speakers to congress today, scouting a break of the cup and handle for bull plays.
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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NAS - The Game of Patterns - In the MiddleBoiled down - need more information. The larger iH&S and the 10 year note are both in play.
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!
NAS - the Bear Casethe shadow of the larger H&S and the trend favors the bears. No predictions, simply scenarios.
NAS - Supported by Consolidation Zonewicked the .5 of the purple island square channel. see previous post for zoomed out view of the larger inverse (which is a long way from the neckline - time to see it all develop.
NAS - Eyes on Key SupportQuad Day - a time to plan for next week and watch out for bear down drafts. If key support breaks and backtests I will be looking lower and scouting a bounce.
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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NAS100 - to complete inverse H&S?KEY SUPPORT: 12700-750
KEY RESISTANCE: 13270-330
short term: buying dips on the way up to 13300 (completion of inverse H&S), with heavy buy limit at 12760.
Long term: wait for break and retest of neckline for long entry. Half and full H&S targets noted on graph.
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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NAS - The Game of PatternsThe Catch-up trade, as IWM and SPX shorten the % distance gained from the recovery.
NAS - Chopped the InverseThe pattern is no longer clean and reduces the chance for a clean break. The bond market reacted to FMOC with higher yields. This is in the middle of a range from my view and requires a bit of a wait for clear trending direction.
NASDAQ 100 analysis HI Guys,
So nasdaq is kinda ranging at the moment with the struggle of break through 13283. This level has been tested many times and failed. I have put the daily chart today do show you what is happening in higher timeframe. You can see the level 13283 is also in line with a key trend line which its also trying to break and has failed many time. This trend is still very bullish overall.
In the short time let see what may happen, if we get a break of 12971 then price will likely come down to 12762- 12575. However if the price does bounce of 12971 then we can see it come back to 13283 which may likely break this time. taking us to one of the key level above it.
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NAS - Inverse Moment of TruthOPEX/Quad Witching, stimulus checks - We saw one false break-out of this pattern, if it breaks bull the technical target is well above ATH. The price action around the neckline may offer clues.
NAS100 Analysis The price is currently ranging. Yesterday we had a break of the 13142 a key resistance area. The price didn't stay above that long before come back down. Today we may see the price either come touch the trend line (drawn with a box on chart) before continuing to go up or the price may break the trend line, come down to 13000-12910 before continuing to go up. The levels for the bulls remains the same see yesterday charts. If the price breaks 12910 there can be chance of prices coming down. If we look at 4hr t/f we can see 13300 is actually a very strong area of resistance as well, in the last few weeks we can see price has come to this area many times and it failed to break through pushing the price down quite a bit.
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NAS - Hourly H&Swicked the neckline (supported by the 2-hour MBB) - on watch for the overnight session. This will provide an indicator for the front running sentiment before the Dot-Plot.
