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NASDAQ 100 CFD

NAS100 I Bullish Bounce Off Based on the H4 chart, the price is approaching our buy entry level at 21,359.42, which aligns with a key support level that aligns close to the 50% Fibonacci retracement. This level is expected to act as a potential reversal point in the bullish setup. Our take profit is set at 21,738.52, near the previous resistance zone, a key level where price may encounter selling pressure. The stop loss is placed at 21,000.94, below the 61.8% Fibonacci retracement and a recent swing low, providing room for price fluctuations while ensuring the bullish setup remains valid. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:NAS100Long
by FXCM
Nasdaq Trading for the last January 25.01.27Hello, this is Greedy All-Day. Today’s analysis focuses on the NASDAQ. Friday’s NASDAQ Briefing Results Chart: On Friday, the NASDAQ broke above the purple box resistance trendline but failed to break through the next major resistance zone at 22093.5–22111.25. After the ascending trendline broke, the sell entry zone at 21854.25 was triggered. Although there was a brief rebound before the U.S. session closed, the price eventually dropped further on Monday. Currently, the price has fallen approximately 300 points from the entry, yielding a profit of around $6,000 per contract. Detailed Analysis of Friday’s Patterns Chart: One key point to note from Friday’s briefing was that the upward pattern was forming a pennant. When the black box supply zone broke, the chart showed signs of consolidation, as seen with the light blue trendlines. This consolidation involved higher lows and lower highs, but the breakout signal came from the red box. However, the breakout attempt failed after the price couldn’t break through the green box. If the green box had been broken, the pattern would have shifted from a pennant to an ascending triangle, signaling stronger bullish momentum. Instead, the failure to break out suggests that the pennant formation remains valid. Also, considering the timing, the breakout attempt coincided with a scheduled economic indicator release, which is why setting a break-even stop-loss would have been the prudent choice. Economic data releases often disrupt natural chart trends with sudden bursts of trading volume, which is why it’s generally recommended to avoid trading immediately before or after such events. Trading Within Trend Breaks Chart: Using the red box as an example: Let’s say you entered after the red box breakout 15 minutes before the economic release, even though it wasn’t an ideal entry. Stop-Loss Strategy: A break-even stop-loss should be applied to protect against volatility during the announcement. First Stop: If the price falls below your entry level, it’s the first signal to exit the trade. Second Stop: If the price breaks below the blue box, you must exit because the ascending trendline is broken, invalidating the uptrend. Stop-loss levels are challenging to specify as fixed numbers because they depend on time and price movement. For trend trading, entry and exit decisions must be adaptive and based on real-time conditions. Daily Chart Analysis Chart: The daily chart shows: A significant bearish candle following a break of the short-term ascending trendline and the major support level. A gap-down open, with the price now inside the Ichimoku Cloud. The current price is testing support near the daily 20 EMA. Potential Scenarios: Upside: There’s a slight chance for a gap-filling rebound. Downside: A retest of the red box support zone near 21308. Support at the 60 EMA or Ichimoku Cloud bottom near 21220. Further major support levels are 21006 and 20694. Weekly Chart Analysis Chart: Last week’s bearish weekly candle completely engulfed the previous week’s body. The remaining lower wick reaches down to around 21377.75. Current Market Momentum Chart: The NASDAQ is currently in a steep, almost vertical downtrend. This movement makes it essential to remain cautious: Entering short positions at this stage carries the risk of a rebound to fill the gap. Entering long positions could result in further losses if the trend continues downward. Since most entry points have already been invalidated, it’s best to stay on the sidelines for now. Conclusion With Asian markets observing holidays next week (Korea from Monday, China from Tuesday, and Hong Kong from Wednesday), trading volumes are expected to decrease. Given the current market conditions, taking a step back and avoiding unnecessary trades might be the wisest approach. Unless significant news impacts the market, there’s a possibility of the session closing with some recovery. Thank you for your hard work this week, and let’s finish strong. See you in the next briefing! 🚀
CME_MINI:NQ1!
by Greedy_allday
#NAS100USD 4HNAS100USD (4H Timeframe) Analysis Market Structure: The price has formed a sell engulfing candlestick pattern in a key resistance area, indicating increased selling pressure. This bearish reversal pattern suggests that sellers are gaining control, and the price may start moving lower from this area. Forecast: A sell opportunity is expected as the sell engulfing pattern signals a potential bearish reversal. The price is likely to target nearby support levels if the selling momentum continues. Key Levels to Watch: - Entry Zone: Near the sell engulfing area after confirmation of continued bearish pressure. - Risk Management: - Stop Loss: Placed above the high of the sell engulfing candlestick to manage risk. - Take Profit: Target significant support levels below for potential downside movement. Market Sentiment: The sell engulfing candlestick pattern reflects bearish sentiment, suggesting a potential reversal from the current resistance area. Proper confirmation is recommended before entering the trade to align with market momentum.
OANDA:NAS100USDShort
by PIPSFIGHTER
USNAS100 Bullish Momentum Amid Lower Rate ExpectationsUSNAS100 Technical Analysis The price has stabilized in the bullish zone, supported by bullish momentum amid Trump’s push for lower interest rates. The Nasdaq is expected to maintain its upward trend as long as it trades above 21760, with stronger momentum above 21900, targeting 22100 and 22290. However, there is a possibility of a retest at 21760. If the price stabilizes below 21900, it may temporarily lose momentum before pushing higher. Key Levels Pivot Point: 21900 Resistance Levels: 22100, 22290, 22410 Support Levels: 21760, 21635, 21540 Trend Outlook Consolidation: Between 21760 and 21900 Bearish: Below 21760 Bullish: Above 21900 Previous idea:
OANDA:NAS100USDLong
by SroshMayi
Good luck with Nasdaq on Friday 25.01.24Hello, this is Greedy All-Day. Today’s analysis focuses on the NASDAQ. Breakout Analysis Chart: The ascending trendline broke shortly after the Asian session ended and just before the European session began. Buy Perspective: None. Sell Perspective: Although the trendline broke, the current market conditions suggest a need for a different interpretation. At this point, as the entry and stop-loss levels are near breakeven, it’s advisable to exit and observe further movements. Net Result: Zero profit for both buy and sell positions. Daily Chart Analysis Chart: The daily chart shows the NASDAQ tested the support at the orange supply zone and closed as a bullish candle on 25.01.23. Key Observations: The next resistance zone is the green box, above the blue box supply zone. A breakout attempt on 25.01.22 failed at 22093.5, which is just below the previous high at 22111.25 from 24.12.26. The daily chart from 25.01.23 indicates a tightening range with higher lows and lower highs. However, no clear directional breakout has occurred yet. Current Movement Chart: The current price action suggests a pennant formation after the breakout above the red box. The breakout direction will determine the next major move. Until then, observing the market from the sidelines appears to be the safest approach. Trading Strategy Buy Strategy Entry 1: Breakout above the purple box & red resistance trendline. Entry 2: Breakout above the green box high at 22111.25. Additional Notes: If the pattern breaks upward and surpasses the purple box, the first resistance is 22093.5, with the major resistance at 22111.25. While resistance near the major zone could result in pullbacks, a strong upward momentum is possible, particularly as past breakouts have led to sharp rallies. Reference Chart: Sell Strategy Entry: Break below the ascending trendline and 21854.50. Additional Notes: Despite occasional breakdowns of the ascending trendline, the market has frequently rebounded afterward. The primary bearish argument is the failure to break through major resistance. For a more conservative approach, enter short positions only if the support at 21854.5 (the daily support from 25.01.23) fails. Reference Chart: Conclusion The Asian markets will observe a week-long holiday starting next week: Korea: Closed from Monday. China: Closed from Tuesday. Hong Kong: Closed from Wednesday. This will likely result in reduced trading volume. With no major news today, the probability of a bearish reversal seems low. If no significant catalysts emerge, there’s a chance the market will push higher by the close of the session. Great work this week! Let’s finish strong. Fighting! 🚀
CME_MINI:NQ1!
by Greedy_allday
Bizarre NASDAQ Movements 25.01.23Hello, this is Greedy All-Day. Today’s analysis focuses on the NASDAQ. Wednesday’s Analysis Results Chart: Buy Perspective: No buy signals were provided. Sell Perspective: The first signal for a sell was the break below the ascending trendline, as mentioned earlier. After the Asian session ended on 25.01.23, the ascending trendline was broken, triggering a sell. The price dropped by approximately 71 points after the breakdown, yielding a $1,400 profit per contract. Following Up on Yesterday’s Setup Chart: The rising wedge pattern did not fully complete. Instead, the NASDAQ created a new trend in the red box, pushing even higher than the previous pattern. It eventually re-entered the pattern but has not yet confirmed a full breakout. A more conservative trading approach would be to wait for a break below the blue zone to confirm a trend reversal. NASDAQ on the 4-Hour Chart Chart: As previously noted, the NASDAQ broke above the upper boundary of the orange box, rallying to 22093 (near the next supply zone’s upper boundary) before a pullback began. The uptrend remains intact for now. However, there are some red flags: The NASDAQ’s momentum appears to weaken, as corrections are becoming more prominent during the end of the U.S. session and in the Asian + European sessions. Daily Chart Analysis Chart: On the daily chart, the current candle is an inside bar following three consecutive bullish candles. Key Levels: Resistance: ~22000 Support: ~21806 How today’s daily candle closes will likely play a critical role in determining the market direction for the rest of the week. Today’s Trading Strategy Chart: Buy Recommendation: None. Reason: The price has risen significantly, and it seems prudent to observe the market for now. While the uptrend is still intact and the price could continue higher without offering clear entries (as seen yesterday), preserving your capital is just as important as making profits. Sell Recommendation: Entry: Upon breaking below the orange ascending trendline. Reason: Breaking this key trendline could signal a major shift in the market structure. If this happens, it’s unclear whether the price will test the purple resistance trendline or if a full trend reversal will occur. Regardless, entering a sell near the highs offers a favorable risk-reward opportunity. Conclusion The NASDAQ has displayed strong upward momentum but also signs of weakening, especially in the non-U.S. sessions. For buyers: Observe from the sidelines and avoid chasing the price. For sellers: Look for a trendline breakdown to enter positions near the highs, as this could signal the start of a broader reversal. Stay disciplined and focused. 🚀
CME_MINI:NQ1!
by Greedy_allday
Nasdaq market analysis: 23-Jan-2025Good morning. Welcome to today's Nasdaq market analysis and educational insights for price action traders. #Nasdaq #StockMarket #Trading #Investing #DayTrading #SwingTrading #TechnicalAnalysis #MarketAnalysis #FinancialNews #WallStreet #NasdaqToday #NasdaqAnalysis #NasdaqTrading #StockMarketNews #MarketTrends #InvestmentStrategies #FinancialMarkets #TradingTips #NasdaqForecast #MarketInsights #Nasdaq100 #TechStocks #GrowthStocks #IndexFunds #ETFs #StockMarketAnalysis #TradingStrategies #RiskManagement #InvestorEducation #FinancialLiteracy #EarningsSeason #FederalReserve #EconomicIndicators #MarketVolatility #GlobalMarkets
FPMARKETS:US100
by DrBtgar
NAS_break_21880_then-whats-nextNAS on daily view this is my current view, we need to check once it break the last Higher low on some fibs this is also a 178.6% extended fib view, so it wil be interesting to see what happens, what is it that market makers wants to do then again to the other side, once it breaks the high of the left side of the W, we could see a retracement to the the "Golden zone(50%-61%fib)" also some loads of liquidity in that long wick lets see what this week brings us
OANDA:NAS100USD
by CryptAlo
Nas100 - 15 min ( Best Buy And Sell Scalping After Break Out ) The NAS100 index, as observed through FXCM, demonstrates significant market dynamics characterized by pivotal key levels on the 15-minute time frame. A bullish sentiment is anticipated following a breakout at the 21625 area, especially corroborated by high trading volume. Conversely, a bearish outlook is suggested upon a breakout at the 21395 zone, also supported by elevated volume levels. It is imperative to note that our analysis is grounded in precision and accuracy rather than sheer numerical values, ensuring the most reliable trading opportunities for our clientele. ⚡️nas100 / FXCM Best Break Our / Key level's 15m Tf 🚨Bullish After Break Out key level + High Volume / 21625 Area 🚨Bearish After Break Out key level + High Volume / 21395 Area ⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
FX:NAS100
by GentleGoldenEngine
2
Nasdaq-100 H1 | Bullish uptrend to extend further?Nasdaq-100 (NAS100) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 21,711.75 which is an overlap support. Stop loss is at 21,600.00 which is a level that lies underneath a pullback support. Take profit is at 21,961.16 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:NAS100Long
by FXCM
Wednesday is good day to trade Nasdaq 25.01.22Hello, this is Greedy All-Day. Today’s analysis focuses on the NASDAQ. Tuesday’s Briefing Results Chart: Buy Perspective: A buy position was recommended upon the breakout above 21812. The entry zone is marked with the blue box on the chart. The breakout occurred as a gap-up before the Asian session, resulting in a current gain of approximately 65 points. Profit: $1,300 per contract. Recommendation: Consider closing the position here for a conservative approach, as the target has not yet been reached. Sell Perspective: The black box indicates the sell perspective zone. No sell entries were triggered as the ascending trendline was not broken. Daily Chart Analysis Chart: Key Observations: The current resistance zone is the green box at 21896.75, which aligns with the high from January 6, 2025. A breakout above this zone would open the next supply zone at the orange box highs, with major resistances at 22111.25 and 22425.75. While further upside is possible, historical patterns suggest caution: three instances of sharp declines occurred near similar zones. Recommendation: Stay flexible and prepared for movement in either direction rather than committing to a single bias. NASDAQ Scenario Analysis Chart: Scenario 1: Rising Wedge Continuation The NASDAQ has been rising in a stair-step fashion since the 21173.5 low, with pullbacks testing support after breaking resistance trendlines. Evidence: After breaking the blue resistance trendline, the price retested the yellow box before continuing upward. If 21896.75 (major resistance) fails to break, the price may retest the blue box (red trendline support). Optimal Strategy: Wait for a breakout above the major resistance at 21896.75 before entering long positions. Scenario 2: Sharp Decline Possibility Historical patterns (green box and orange box) show that during the Asian and European sessions, the NASDAQ often rises, forms a supply zone, then sharply declines before the U.S. session. A similar sharp drop from the red box zone is possible. Today’s Trading Strategy Chart: Buy Strategy: None. Reason: Although a breakout above 21896.75 could signal a buy, the risk level is high. New buy entries are not recommended. Sell Strategy: Entry 1: Trigger: Break below the green ascending trendline and 21696.25. Reason: A breakdown would indicate a potential retest of major support levels (refer to earlier chart analysis). Entry 2: Trigger: Break below the orange ascending trendline. Reason: Completion of the rising wedge pattern (refer to earlier chart analysis). Conclusion The NASDAQ is approaching a critical juncture: For buyers: A breakout above 21896.75 could lead to further upside, but entry at current levels carries significant risk. For sellers: Focus on trendline breakdowns, particularly below 21696.25 or the orange ascending trendline, to confirm potential downside momentum. Stay cautious, monitor key levels, and trade strategically. 🚀
CME_MINI:NQ1!
by Greedy_allday
nas100 - 15 min ( sell Scalping Target Range 180 PIP ) ⚡️nas100 / FXCM Best Break Our / Key level's 15m Tf In the context of the NAS100 index on the FXCM platform, we identify a significant bearish reversal at the key level of 21,580 points, supported by high trading volume. Our analysis, characterized by precision rather than numerical estimates, has consistently delivered the most accurate trading opportunities. This key level serves as a crucial point for traders to monitor for potential market movements. 🚨Bearish Reversal Out key level + High Volume / 21580 Point ⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
FX:NAS100Short
by GentleGoldenEngine
2
USNAS100 Maintains Bullish Momentum with Key Levels in FocusUSNAS100 Technical Analysis As previously mentioned, the price has moved upward, successfully reaching our target of 21635. Currently, the bullish trend remains intact, especially after a correction to the pivot line. As long as the price trades above 21545, it is expected to reach 21635 again. A 1-hour candle close above 21635 could pave the way for a move toward 21760. A bearish trend, however, will be confirmed if the price closes a 4-hour candle below 21380. Key Levels Pivot Point: 21540 Resistance Levels: 21635, 21760, 21900 Support Levels: 21380, 21220, 21080 Trend Outlook The trend remains bullish while the price stays above 21385. Previous idea:
OANDA:NAS100USDLong
by SroshMayi
NAS100 Will Go Higher! Buy! Please, check our technical outlook for NAS100. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 21,543.12. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 22,044.19 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
BLACKBULL:NAS100Long
by SignalProvider
1
NASDAQ After Trump's Inauguration 25.01.21Hello, this is Greedy All-Day. Today’s analysis focuses on the NASDAQ. Monday’s Briefing Results Chart: Buy Position: A breakout above the high occurred 45 minutes before the U.S. session opened, reaching the buy-entry zone at 21682.5. While the target of 21812 was not achieved, the price increased by 95 points, generating approximately $1,900 in profit per contract. Sell Position: During the Asian session, after breaking the ascending trendline, a sell-entry opportunity emerged at the yellow box. Following the entry, the price dropped by 183 points, yielding approximately $3,660 in profit per contract. Total Results: Based on Monday’s briefing, a total profit of approximately $5,560 per contract was achieved. Daily Chart Analysis Chart: Due to Monday’s market closure, the daily candle for Monday has yet to close, and it will likely complete after Tuesday’s U.S. session. Key Observations: The sharp drop during the Asian session found support at the 20 EMA on the daily chart. The 20 EMA is currently at 21387, and whether this support holds will be crucial in determining the market’s direction. Bearish Scenario: If the 20 EMA fails to hold, traders should prepare for a potential trend reversal. Bullish Scenario: Resistance was observed at the green box, particularly near the January 7 bearish candle’s high. If Tuesday’s session closes above the 21806–21896.75 zone, it could signal a breakout above the supply zone and a trend reversal. A critical point for buyers is whether the current price action can engulf the large bearish candle with a bullish one. 15-Minute Chart Analysis Chart: Key Insights: During the Asian session’s sharp decline, the NASDAQ bounced off the upper boundary of the blue box supply zone. However, it broke the yellow box ascending trendline, leaving uncertainty about whether the current rebound is a dead cat bounce or a genuine reversal. The market may react strongly to the president’s inauguration speech and subsequent remarks, which could provide clear direction. Recommendation: At this point, trading either direction is a 50-50 probability. It’s advisable to wait for a clear breakout or breakdown before entering a trade. Today’s Trading Strategy Chart: Buy Strategy: Entry: Breakout above the yellow box high at 21779. Rationale: The sharp drop during the Asian session has broken the upward channel. A breakout above the high would confirm that bullish momentum has returned. Risk: The next resistance is close at 21812, and whether this level is broken will be crucial for further upside potential. Sell Strategy: Entry: Break below the ascending trendline, or Break below both the trendline and the Asian session low at 21377. Rationale: The rebound during the Asian session occurred near the 20 EMA on the perpetual contract, making a clear break below this level necessary to confirm a trend reversal. However, if the white box frame’s lower boundary isn’t completely breached, it’s difficult to confirm a full trend reversal. Risk: Support at the daily 20 EMA. Conclusion The NASDAQ remains in a delicate balance, with potential for movement in either direction: For buyers, the key focus is on breaking above 21779 and 21812 for a potential continuation of the uptrend. For sellers, watch for a break below the ascending trendline or 21377 to confirm a trend reversal. Stay patient, follow the levels closely, and trade strategically. 🚀
CME_MINI:NQ1!
by Greedy_allday
The key is whether it can be supported at 21673.4 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- Important factors when analyzing charts are - Support and resistance points - StochRSI indicator If you have the above two factors, I think you can analyze the charts quickly and briefly. Support and resistance points should be drawn on 1M, 1W, and 1D charts. You can analyze the chart by checking whether the line drawn in this way is supported or not while referring to the movement of the StochRSI indicator on the 1D chart. The 21673.4-22013.5 section, which is indicated as a high point boundary section, is likely to act as resistance. However, since the StochRSI indicator has entered the overbought zone, it is important to see if it can break through the high point boundary zone upward. In other words, we can see that the high point boundary zone is more likely to act as resistance. The volatility period is expected to occur around January 29. Therefore, in order to maintain an upward trend, it must show support at the high point boundary zone after the volatility period. If not, it will eventually fall. At this time, what we should pay attention to is the movement of the StochRSI indicator. The longer the StochRSI indicator remains in the overbought zone, the more likely it is that the StochRSI indicator will show a large decline if there is a slight price decline. When the StochRSI indicator falls to or below the 50 point, if it shows support at around 21673.4, it is highly likely that it will show an upward trend by breaking through the high point boundary zone upward. To maintain the current short-term uptrend, the price needs to stay above 21068.2-21321.9. ------------------------------------ The settings for the StochRSI indicator are 14, 7, 3, 3 (RSI, Stoch, K, D). The source value is ohlc4. With these settings, you can see the movement similar to the StochRSI indicator on my chart. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
OANDA:NAS100USD
by readCrypto