NAS
Bar Pattern Rhymes History doesn't repeat, but it rhymes... I copied the bar pattern twice and pasted it for a general bearish plot. May see a relief bounce Friday, but I suspect more down follows next week.
Any large deviation would invalidate it. These fractals, & plots in general, tend to get less accurate the further out they run.
I didn't short based off of this alone, but fractal patterns are fun to watch and useful for noticing trend deviation.
NASDAQ UPDATEThis is an update of the previous analysis. The price reached the offer zone, never confirmed entry in 5m, and with the volume of 09:30 NY and the news of the Prelim UoM Consumer Sentiment. The price eliminated the zone, taking liquidity from it and then distributed below the low, breaking structural points. After breaking the zone I expected a confirmation in 5 m to take shorts but he never gave it. He left a valid zone of 30 minutes in which he can test before the market closes or in any case perhaps for next week.
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NASDAQIn nasdaq, the price eliminated a supply zone and reached another zone, therefore for my operation this is a prime setup. The price made a change in structure and I would be looking for shorts in this area, which is valid according to my plan.
I would expect confirmation in smaller Tf such as: 5m.
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NASDAQWhat I see in nasdaq is that after taking liquidity from the highs and distributing to the lows as I indicated in another projection, what I expected was a sale in that area of highs.
Now the price is in the shopping area, it is at the base of 4H, which was the cause of creating the highest High. It filled in the imbalance and started an accumulation which is what we are seeing. He gave a valid long in the London opening. Now what can happen is that the price continues to rise, or that the price goes down, cleaning Asia and London to test the base.
If he goes down to base and confirms, I'll take longs.
Although it can also calmly continue down.
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What i see on NasdaqThe price after accumulating cleared supply zones. And he finds himself distributing to the highs again. Where the price confirm shorts we take them.
The price is in an expensive range.
NAS100USD ShortThe price touched the lower trend line of the falling channel and I am convinced the price is building a bearish momentum.
My entry price is 11800, just lower than the current lower low, and I have used pullback strategy to place my entry position.
My stop loss is at 12000, just above the current resistance zone. I am targeting a 1:3 R:R , so I will place my target at 11800.
Remember, only risk 1 - 2% of your account!
Nasdaq idea updateThe price never confirmed sales in my entry period, which is 5m. Now it is also taking liquidity from the supply zone. Where the price confirms through a CHoCH, shorts can be taken.
NASDAQ Next Move Pair : US100 - NASDAQ
Description :
Bearish Channel as a Corrective Pattern in Long Time and A Breakout of the Upper Trend Line
Divergence
Break of Structure
Rejecting from the Demand Zone and Retracement Completed
Completed " 12345 " Impulsive Wave and Making its " A - wxyxz " Corrective Wave
SNP500 Bullish Short-Term Expectation Analysis This expectation is a framework to look for a potential trading setup; I recommend you to not just execute based on these levels. I always wait for confirmations on lower timeframes
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This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- Wyckoff
- Etc.
Marlo's Going To Hell NQ Swing Strategy I know it's so simple you can't believe it! Is it magic? Is the Devil running the Stock Market!?!
Nope, what you're seeing is the all-pervasive 50% Principle in action!
www.investopedia.com
"It states that if an asset drops after a price increase, it will lose between 50% and 67% of recent price gains before rebounding. "
So over any given range, the retrace will test the thirds for support and resistance. NQ counts in the thousands so xx666.00! You'll see similar across smaller TFs and ranges as well using 33.34% and 66.67% retraces.
Marlo's Going To Hell NQ Strategy I know it's so simple you can't believe it! Is it magic? Is the Devil running the Stock Market!?!
Nope, what you're seeing is the all-pervasive 50% Principle in action!
www.investopedia.com
"It states that if an asset drops after a price increase, it will lose between 50% and 67% of recent price gains before rebounding. "
So over any given range, the retrace will test the thirds for support and resistance. Nq counts in the thousands so xx666.00
5-3-5 or 3-3-5 corrective? It appears we have a 5-3-5 "zig zag" corrective wave down to the QE-era trendlines .( TLs ) The idea is invalid if it breaks out of the pitchfork trigger line. There are only 3 types of corrective waves, 5-3-5, 3-3-5 & 3-3-3-3-3. Since this correction started with a 5 wave down it should follow the 5-3-5 pattern.
However, there's also a decent chance the 3 wave is the first leg of a 3-3-5 "flat" corrective wave. Still a short here for 3 waves down at least. Plotted some scenarios in yellow. 3-3-5 would obey the inside pitchfork more, which will be watched closely near the fibs and bottom.
Technical Analysis:
We've had 3 weeks of resistance and failed the YTD daily chart bull TL. Volume dropped off sharply near the top indicating reversal. Weekly Stoch is rolling over. Failed the daily linear regression curve shown in orange. Anytime it crosses under the reg curve seems to be a safe short swing for 2+ weeks out. Sometimes it chops sideways for a week or so after first crossing under from a bull run. However, during the bear market it has always continued further down after first break. If it does violate this trend, then it's an indication the bear market really is over.
Fundamental analysis:
-DXY had a healthy bounce off the 50% retrace and broke the bear trend. It's looking to test 110 next. It's been 5 months of selling, mostly exacerbated by $80T in FX swaps that got trapped and capitulated. That's mostly settled now.
-Oil and NG both seem to have made support near trend lows. Oil's 20+yr fork median is around $70 and it's been ranging 70-80. NG is under it's 33yr POC of $2.57 and under the years long VAL. Both look like good investments. near the bottom of the current ranges.
-Some food commodities are still rising in price YTD, such as: eggs and egg products; coffee ; cocoa , & sugar
-Housing prices have dropped over 10% since the Summer and it could snowball into a bigger problem that forces people to finance at higher rates. Mortgage Backed Securities look like they're taking another leg down. Meanwhile personal Savings are near all-time lows and credit card delinquency is nearing ATHs. Along with slowing growth, layoffs and poor guidance; it sure sounds like a recession!
-CPI from the previous month was revised up then both CPI and PPI came in hot. Then Bullard mentioned 50bps rates still being on the table, which would indicate a misstep and panic on the Fed's part if that happens. The market currently has the terminal rate of 5.25% priced in, but that obviously isn't happening anymore. I would expect 6% terminal rate if they keep 25bps hikes extended or 7% if they go back to 50bps.
As the market slowly realizes the light at the end of the tunnel is much further away, they will panic and finally capitulate. It most likely bottoms around Sept Trip Witch if we get 50bps. Maybe late spring early Summer if just a few 25bps extensions.
NASDAQ Analysis (LONG BIAS)Hello all!
NAS100 is looking INTERESTING!
After a long sideways movement on this pair for the past week or so..
I have marked Liquidity and Imbalances, as well as my POIs of course! ;)
Will monitor LTF, wait for confirmation, and execute a LONG position targeting 13200!
Take care!
SPX500 Longs Awaiting for C.E of 4H candle for 2nd Entry really prime entry.
Taking enough room on the first entry to maximize profits, aware of potential drawdown.
NASDAQ can move higher? 🦐NASDAQ price has experienced a bullish impulse, retraced to the 0.618 Fibonacci level, and has since moved back up to the 0.382 level therefore we can look for a potential long entry.
To do this, we should first identify a key resistance level that has acted as a barrier to price movement in the past. This level should be in close proximity to the current price level, and ideally should be a level that has been tested at least twice before.
Once the resistance level has been identified, we can look for a breakout above this level. If the price breaks above the resistance level and continues to rise, it may indicate that there is significant buying pressure in the market. This could provide a good opportunity to enter a long position according to the CPS Plancton's strategy rules.
NAS100The NAS100 index appears to be bullish, as it has been displaying a consistent upward trend in recent times. This is largely attributed to positive market sentiment and a strong earnings season, which have contributed to the overall bullish outlook. Additionally, technical analysis of the NAS100 chart suggests a potential continuation of the bullish trend, further reinforcing the optimistic outlook for the index
NAS100 OUTLOOK keeping a eye on nas at these levels after coming off a major pull back and making a lower high i want to see what price does around that 12500-12600 level if it holds we can start seeing another lower high which and another push down towards the 12100 level which is higher time frame orderblock area as well do keep in mind my biased is bearish at the moment due to the fact of lower highs and also a change of structure aka "choch" but doesnt mean we cant see a retrace up b4 coming down
now on the other hand if price breaks this 15 min orderblock we can see nas make a push towards 12600-12700 which is around the trend lines and also the pivot high for tomorrow so im watching as this develops just something to keep a eye on
SELL NASDAQ UNTIL 11K AND WAIT FOR MORE BLOOD !!!Nasdaq going on a Down trend !!
Sell now and be Patient
PATIENCE IS THE KEY
TP on 11K and wait !!!
