Nasdaq Analysis A beautiful break out of trend line, broke through 13250 and now on route to 13000 area as explained on previous analysis. This area is the monthly structure and we expect all the buyers to be sitting here. However as this structure has been hit few times now i wont be surprised if this structure lets through and we may go lower than 13000.
If you missed this trade then be patient and wait the price will pullback shortly and then take the final push for the day. look for 13300-13250 area for entries. We cant be in everyday, when we miss the train we wait for the next one patiently.
NAS
NAS100 Retesting the local lowsStrong bullish divergence clearly visible on the 4hr chart, price is coming down to test the local lows/support zone (12950/13150).
Clear invalidation below the local low and trend line 12870/12940, and first TP target is around 13750 - this could be a great long opportunity.
NASDAQ END GAME MELT-UP - 28000 Extension Top (Targets/Bottom)12K (Wave 1 top) or 11K (200 Week EMA / 50 Month EMA ) micro-target followed by the melt-up rally.
Linear local top: 19000
Extension top: 28000 (Extension includes 5 waves within final wave 5 of grand wave 5)
*Bullish monthly engulfing candle closing above 19K means the log/extension targets are at play!*
ETA: Q1-Q3 2023
80% Bear Market follows - Target: 5150
End to daily bearish trend and strong momentum.Last week the bulls were in action for the most part of the week. And the after hitting some area of resistance the bears stepped in and gained resistance. Last week lows were broken as part of this support turned resistance which gave away some movement to the market downside. Several lower lows were made during this week and they held tightly as resistance. Steadily pushing the market to the bottom on the 1hour was strong bearish. The Fibonacci is saying their is and area at the 25% that is holding at support which in turn makes it possible for the bulls to return. We wait for a new higher lows to form now.
A Perspective of what we seeing on our side on Nas100We have been caught on a structural downtrend which manipulates small timeframe zones repeatedly because of the extremes constantly being hidden amongst minor ones, so today we are seeing a potential break of trend/correction through a probable bearish impulse, WHATS YOUR TAKE?
NAS100 reversal - playing through support/resistance levels1) 13850 support held and downtrend broke
2) 14350 resistance held temporarily
3) Price broke up towards 0.618 fib retrace level where it rejected.
4) 14350 then acted as temporary support which broke
5) NAS100 is trying to bounce/find support around the previous 13850 support level.
If the 13850 level holds I think over the next couple of weeks we will make our way back to test the 0.618/0.702 fib retracement levels. If the 13850 level breaks I think that we will move down to 13000/13100, which could be seen as a pullback to the broken trend-line. However, a HTF close back below this trend-line will change my medium term view to bearish.
Today's US CPI release / tomorrows PPI release will likely provide the volatility required to break this level or bounce from it.
Short-term view: Neutral
Medium-term view: Bullish (new ATH in coming months)
Long-term view: Bearish (stock market crash within the coming year(s))
NAS Outlook 4/2
My sentiment is bearish on NAS, however I expect price to turn around and take out everyone who thinks they got in early.
This gives us bullish opportunities early in the week. I am only interested in prices in and around the unmitigated 5min OB for long entries. Not interested on the long side of NAS till it does something to change my opinion.
Sells are valid from significant retracements to relevant POIs. However I don't see price truly turning around till about 15123.
These are not live orders in the market. I enter trades off most current price action.
NQ going UP 11% - massive bull Crab continuation - till midApril
influence of 23H TF bear Shark is very weak here - EW Wave2 finishing
monster 2D TF bull Crab continuation on EW Wave3+Wave4+Wave5
reaching a major pivot mid at around April 12-14
BIG bear could be waiting at levels 1600-16810 - massive ZIG-ZAG drop moves from there possible (two waves 14% each + 6% retrace)
NAS SHORT HIGHER TIMEFRAMENot to be an alarmist or anything. But the nasdaq is looking weak in the knees right now. We needed to break that high to switch bullish. The market rejected it pretty harshly. You couldn't pay me to long NAS until we get a new high or SIGNIFICANT retracements to discount prices succeeded by 1hr shifts in orderflow and bullish structure.
Nasdaq NASDAQ update
Targets. Supports, Resistances on chart.
I will love to read your comments. Please put a like and give us your comment.
Be carefull, patient and discipline.
Good trades to All.
❗ DISCLAIMER ❗
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. You deserve the profit and you are responsible for your potential loss.
Only you can be responsible for your trading.
Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
This Plan can be changed anytime, depending on how the price will arrive at the level and what will be happening on my level of interest for entry. Then I will decide if I will enter or not.
So please don't just blindly follow this. The author of the analysis does not accept liability for any loss or damage.
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The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk.
NASDAQ SHORTS 📉📉📉📉 NASDAQ/US100 - Market Analysis for the upcoming week.
What do you think ? Comment below..
Nasdaq AnalysisHello Everyone,
Nasdaq has had a strong bullish rally over the last couple weeks. As we approach the end of the month, we are now approaching the bullish channel centre trendline which is also previous month highs where price will most like reach and then fall.
I expect prices to reach 15268 area by end of today/tomorrow. From there price will come down to areas of 14708, if this area is broken price can come further down 14094 (which is more realistic as its the retest of the broken trendline) From the price will push back up again.