NASDAQ 100 CFD
NASDAQ Faces Volatility Amid NVIDIA and Geopolitical Tensions Technical Analysis: Impact of Earnings Season and NVIDIA Situation on NASDAQ
Next Outlook:
The NASDAQ may break its barrier and stabilize below it due to the adverse situation with NVIDIA and prevailing geopolitical tensions. This makes the trend in this area particularly sensitive.
Bullish Scenario:
For a bullish trend to emerge, the price needs to break above 20,085, targeting a move towards 20,385.
Bearish Scenario:
As long as the price trades below 20,085, it is expected to consolidate between 19,845 and 20,085. A break below 19,845 could lead to a drop towards 19,625 and 19,530.
Key Levels:
- Pivot Line: 19,845
- Resistance Levels: 20,085, 20,385, 20,540
- Support Levels: 19,625, 19,530, 19,100
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19,530 and the resistance at 20,385.
NAS100 Technical Analysis and Trade Idea👉🔍 In this video, we analyze the NAS100. It's evident that US100 has been showing bearish momentum in recent times. However, I anticipate a retracement as it has traded into a key support level. My strategy involves monitoring the 5m chart for signs of sideways movement and a potential reversal, which could present a scalp/day trade buying opportunity targeting the previous bearish imbalance.
It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
NASDAQ THOUGHTS 18-JUL-2024Hello everyone! Please find my NASDAQ analysis for today below. As a price action trader, I encourage you to compare your charts with mine and use my insights to enhance your skills. Please note that these videos are meant for educational purposes only and should not be considered as trading signals. My goal is to help you learn and become a proficient trader.
NASDAQ Strong Bullish MomentumHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 20200 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 20200 support and resistance area.
We would also like to consider the current bearish bias on stocks, due to the negative correlation NASDAQ can benefit from that.
Trade safe, Joe.
Nasdaq 100 Breaks Trend Line, Threatens 20KThe Nasdaq 100 has come under pressure in recent days, dragged down by the same Big Tech stocks that had boosted it in recent years.
The index has now broken below its near-term bullish trend line and is now pressing against previous-resistance-turned-support near $20K. A drop below that key horizontal level could expose the 50-day MA in the mid-19Ks next.
-MW
NASDAQ / Potential Direction During Earnings Season NASDAQ Analysis: Potential Direction During Earnings Season
The NASDAQ recently broke out from an ascending trend line but has since reversed. Given the earnings season, we can anticipate increased volatility as companies report their quarterly results, which will significantly influence market direction.
Bullish Scenario:
If the price can stabilize above the pivot line at 20,080, we could see a move towards the resistance levels at 20,385 and 20,725. Sustained stability above 20,800 might drive the index higher towards 21,000.
Bearish Scenario:
If the price fails to hold above the pivot line and stabilizes below 20,086, it could signal a bearish trend. A close below this level, especially on a 4-hour candle, may drive the index down to the support levels at 19,845 and potentially further to 19,625.
Key Levels:
- Pivot Line: 20080
- Resistance Levels: 20385, 20724, 20800
- Support Levels: 19845, 19625, 19530
Earnings Season Impact:
Given that we are in the earnings season, the market reaction to company reports will play a crucial role. Positive earnings surprises could push the index higher, while disappointing results could lead to a sell-off. Keep an eye on major earnings announcements and guidance for the upcoming quarters, as these will be key drivers for the market's next direction.
NASDAQ - UniverseMetta - Analysis#NASDAQ - UniverseMetta - Analysis
Continuation of the trend, an ABC structure may form and allow the price to continue its momentum towards the level of 21000. In order not to increase the risks, it is better to consider the exit when fixing behind the lower trend line - the support level. When fixing, there may be a strong correction, then it will be necessary to understand the structure in order decisions. Globally, targets may be at the level of 21750.
Target 20415 - 21750
Nasdaq Intraday Review - Tuesday 17 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my pre day review and analysis in case it can help you!
Did my analysis at +- 6am GMT (1am EST)
Economic news - None
News - None for today - tomorrow is Netflix earnings
Directional bias - Starting to look Bearish?!
During analysis noted the following:
M - Still looking bullish, but long wick beginning to form. Wick is 4'330 pips at time of writing, body of the M candle is 5'900 pips
W - On the W TF you can see weakness in the candles. Last week's candle closed with a very long wick red doji candle. This week's candle is still forming but the weakness is evident, with price struggling to stay above the last 2 week's highest closing points - strong resistance forming on the W TF. The way that this week's candle will close will be very telling because price could just be stalling and then continue to move up (especially during earnings season), or this could be the beginning of a reversal.
D - The large red candle on the 11 July can be seen as a retracement. Price moved down to the W - 0.50 fib level and then moved up again. However, now one can see that a DT may be taking shape on the D TF. A potential neckline is visible and once price breaks below that point on the D TF (i.e. a D candle closes below the neckline), we may be in for a large move down because the profit target of the DT is +- 4'700 pips away. Yesterday's D candle closed as a hanging man candle.
Hanging man candle is a bearish reversal candle and indicates:
- sellers are beginning to outnumber the buyers
- the long bottom wick shows that sellers are pushing lower but the buyers could only push up near the candle open, meaning that there are not enough buyers left to provide the necessary momentum to keep price rising.
Today, in the early morning hours, we see more bears entering the market and pushing price down (at time of writing)
4H -
Trend line - a down trend is forming between B. and C. - two touches to a trend line forms the trend line. Three touches to a trend line, confirms the trend. So if you draw trend lines to wicks a trend has formed. If you draw trend lines to candle bodies (i.e. disregard the wicks and draw a trend line touching the thick part of the candle as per the yellow trend line) you will have three touches to the trend line. So I interpret this to mean that a strong temporary down trend is formed and confirmed.
Sell fibs - one can also see that the sell fibs are becoming stronger and the bulls are unable to break these zones, even after many attempts.
The 4H 0.618 sell fib kept price down on 3 attempts
The 4H 0.50 sell fib kept price down on FIVE attempts. Hence why bulls are losing momentum, they keep pushing up but bears are successfully keeping bulls down at lower and lower price levels.
S&R - yesterday price has been unable to break above and away the pivot point and today (at time of writing) the pivot point has already acted as a strong resistance (as indicated by the 2 x dice icons)
Buy fibs - buy fibs are unable to give price the momentum to move up and we can see that the D - 0.382 buy fib + D - 0.50 buy fib has been breached. This is telling because the D fib levels are strong (marked in blue).
So after this analysis, it seems my directional bias as a BUY is under threat.
I know that if I don't have my directional bias correct, then big losses are guaranteed.
I may wait today to see how the D candle closes in relation to the D market pattern that is forming (DT) and see if bears are strong enough to break the neckline down. Up until then we still have a W 0.382 buy fib level + D EMA that needs to be breached by bears and perhaps these levels are strong enough to call in more bulls.
As Trading View always says, there are three things you can do as a trader....buy, sell or wait. And I think today I might wait.
Have a great trading day!
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
NASDAQ THOUGHTS - 17-JUL-2024Hello all, Kindly see my NASDAQ thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
NASDAQ THOUGHTS 16-JUL-2024Hello all, Kindly see my NASDAQ thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Nasdaq Intraday Review - Monday 15 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 6am GMT (1am EST)
Economic news - None
News - None
Directional bias - BUY
During analysis noted the following:
M - Month candle is still in formation but very bullish, but at time of writing, the wick is 3'500 pips and the body is 8'500 pips. So still a very bullish candle indicating bullish sentiment
W - Last week's candle closed as a doji candle - could indicate that bulls are losing momentum
D - Massive gap up of 425 pips. Friday's candle closed as an inverted hammer candle (this is a bearish candle).
4H - Bears pushed down on Friday after candles touched the 0.618 Sell fib level. Doji candle possibly indicating that down trend is over.
1H - Strange looking DB (it kinda threw me off) but neckline broken upwards. I made the assumption that the DB marked in blue lines on the 1H TF was indeed a DB. I don't know if in theory it would be classified as such, but price gaped up significantly at C. and so although there is no green candle indicating price moved up, price gapped up and I took it as a DB.
Entered a buy at the hand icon - Confirmations:
1. Fib - price made a large DB just above the 4H - 0.50 fib level + pivot point
2. S&R - Pivot point was acting as a strong support with long candle wicks sticking out the bottom (on the 1H TF). Entered a buy when I was convinced on the 5min TF that the 4H EMA would not push price down and that price was able to successfully break & re-test the 4H EMA area.
3. Trend - buy is in the same direction as the overall bullish trend of Nasdaq. I keep my bias as a buy until a reversal pattern appears at least on the D TF.
4. Candlesticks - a doji candle appeared on the 1H TF at D. indicating that sellers may be losing momentum. Also the long wick sticking out of the pivot point indicate that sellers pushed down hard but bears were able to hold this area strong
5. Market pattern - DB with neckline broken upwards, as marked with the blue lines. You can also see a nice little re-test of the neckline at E.
Mental stop was place at the thick pink line, which was the 4H - 0.318 buy fib level. If candles started closing below the fib level then my buy would be invalidated.
Price action was pretty choppy and price came close to my SL area but as market opened, bulls stepped in and boosted price.
I was hoping for a sweet TP 1 at the green TP1 line, but the 4H - 0.618 fib level was too strong.
I closed half my position at the arrow icon, when bears pushed down hard and bulls were unable to keep price above the 4H - 0.618 sell fib, I knew there was trouble. I decided to be aggressive with the remaining half of my position and was hoping that price would not retrace all the way to my entry before hitting TP1.
It was aggressive, because for me last week's doji candle means that I need to take profit on my buys because it could be that bears step in at any moment.
But alas, no TP1 for me today! And I was out at entry on my other half position.
So only bagged about a 1'000 pips profit on half a position.
Hope you had a good trading day! :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
US100 / NDX / USTECH Bullish Robbery PlanMy Dear Robbers / Traders,
This is our master plan to Heist US100/NASDAQ 100 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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USNAS100 / Bullish Momentum Amid Earnings SeasonTechnical Analysis: Bullish Momentum Amid Earnings Season
Next Outlook:
The Nasdaq maintains a bullish trend as long as it trades above 20085. Stability below 20385 may trigger a retest down to 20085, whereas stability above 20385 indicates a potential push up to 20725.
Bullish Scenario:
As long as the price trades above 20385, targets are set at 20540 and 20725.
Bearish Scenario:
The price needs to stabilize below 20385 and close a 1-hour or 4-hour candle under this level to target 20085. A break below 20085 would open the path to a bearish zone, aiming for 19845 and 19625.
Key Levels:
- Pivot Line: 20385
- Resistance Levels: 20540, 20725, 20900
- Support Levels: 20085, 19845, 19625
Today's Expected Range:
The price is anticipated to fluctuate between the support at 20085 and the resistance at 20725.
NASDAQ - UniverseMetta - Analysis#NASDAQ - UniverseMetta - Analysis
Continuation of the trend, we can consider the formation of a 3-wave structure. In order not to increase risks, it is better to consider the exit after the 2nd wave, since the price can once again update the local minimum and form the ABC structure for further upward movement. Globally, targets may be at the level of 21750.
Target 20750 - 21750
Nasdaq Intraday Review - Friday 12 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 6am GMT (1am EST)
Economic news - PPI @ 13:30
News - None
Directional bias - BUY
Took a massive 2'000 pip loss the day before, so I knew I had to tread carefully today and make my best trading decisions. This was no time for revenge trading nor cowboy moves.
I had to make a really good trading decision or stay out to protect my capital, until a quality trade made itself visible.
Judging the candles and the fact that price had dropped 6'000 pips (un-freakin-believable), I felt like price would retrace to at least test the sell fib levels.
Price had formed a consolidation triangle (marked in blue lines during the early morning hours). These can break up or down. So I knew I had to be careful because it could be that price was just stalling before making a further plunge down to sellers TP1 (marked in orange and found by drawing a sell fib from swing high at A. to swing low at B.)
Price broke down from the consolidation triangle, but the yellow highlighted S&R zone seemed strong enough to hold price up.
Entered a buy at the hand icon - Confirmations:
1. Market pattern - DB formed on the 30min TF with a break of the neckline upwards. Entered when the neckline break candle closed.
2. Fib - consolidation triangle + DB market patterns were forming just above the W - 0.050 fib level
3. S&R - yellow highlighted support zone seemed to be holding up price, indicated by the long wick candles forming at this zone.
4. Trend - the buy was in the same direction as the overall bullish trend on Nas, and the break of the neckline candle had broken the temporary downtrend line (the upper blue line of the consolidation triangle)
5. Time frame confluence - at the same time as the DB with a broken neckline was formed on the 30min TF, it also formed on the 1H TF. So multiple TF's were giving bullish signals.
Mental stop loss was placed at half the height of the market pattern and I decided to place my SL at half the height of the 15min DB, just because it was also the 1H S&R zone that seemed to be holding strong.
For me, if candles started closing below this level than my buy would be invalidated.
As I entered, price immediately dropped.
Price was playing around my SL but when the long wick hammer candle closed on the 30min TF, I decided to keep my buy active.
Price moved up and away from my stop loss area. When PPI news broke, price spiked down, but even on the 5min TF, the candle closed way above my SL zone.
From there, bulls pushed up hard and price moved up quickly.
This is what makes trading Nas so difficult in my opinion, candles can spike drastically, but it's how they close that really matters. So sometimes you have to have the bravery to sit out a deep spike. Not easy.
So now I knew a retracement was in play and the area around the pivot was a strong sell zone because:
Pivot point + 4H - 0.318 fib level + 4H EMA (at that time).
Price blasted past this zone but when there was weakness in the candles on the 15min TF, I decided to call it a day at 2'000 pip profit and thank my lucky Nasdaq stars that I had recovered my my previous day's mistake.
In theory, I would have liked to keep a runner open in case price moves back up but I had no such luxury today....I needed every pip that Nasdaq would give me.
Hope you are having a good weekend!
See ya Monday for more Nasdaq fun! ;)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
Nasdaq Intraday Review - Thursday 11 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 13h00 GMT
Economic news - CPI @ 13h30
Directional bias - BUY
This post is titled: CRASH AND BURN!!! :(
So I have runner's that are still in play from previously - roughly in the area of the bang emoji.
My plan for CPI was to keep my directional bias as a buy, but I only wanted to get in if price spiked down.
If price spiked upwards, I was happy for my runners to benefit.
I identified 2 areas of interest -
Area 1:
Pivot point + 1H 0.382 fib (drawn from swing low at A. to swing high at B.) + Consolidation triangle market pattern profit target (marked in orange lines.
Area 2:
4H 0.50 fib level + orange trend line + 4H EMA (at that time) + strong 4H S&R zone + 4H 0.618 fib level not to far below + D - 0.382 fib level not too far below.
I set a smaller position buy limit at Area 1 and a bigger position buy limit at Area 2.
At 13h30, the CPI data was released and came in below expectations.
Market spiked up, but bulls could not keep price afloat.
When the long wick appeared on the 1H TF, I recognized that bulls may be losing momentum.
I immediately removed my buy limit in Area 1 because it was too close to price in my opinion and I would rather enter manually in that zone if need be.
To my surprise, price dropped like a hot potato.
Welcome to Nasdaq trading! Haha! :)
I was still pretty confident in my Area 2 and so kept that buy limit, after all it was +-1'500 pips from where price was at that moment.
My order triggered and I was in with a buy.
But my overconfidence got the better of me. I was so confident in the strength of this zone and so confident in my expectation that price would at least bounce from here, that I never actually considered where my stop loss would be.
So I made a deadly mistake - I entered a trade without having a trade plan.
As price continued to fall, my mind started reeling and I had no clue what to do. My runner's were closing and I just couldn't think clearly.
EVENTUALLY I closed this position. But I closed it way too late and took a MUCH bigger loss that I would have if I had planned my trade.
I took a loss of +- 2'000 pips on a pretty big position.
Even just writing that feels ridiculous and I can't believe I let that happen, but my mind was reeling and the drop was happening fast.
My regret is not that I entered a buy (I am glad that I did because the area was super strong in my opinion).
My regret is that I entered without a proper trade plan.
To prevent this from ever happening again, I have added a new trading rule to my trading system:
If I enter a buy limit order, my SL is 500pips from entry, no matter what. Reason is that I only enter buy limits when I feel the area is strong and if price is able to move 500pips from that area of interest in the opposite direction to my expectation, then it means I got it wrong and I need to get out of the trade quick!
So learn from my costly mistake (and one that I don't normally make)....always plan your stop loss!
Once out, I knew I needed to wait for really strong confirmation before entering again. So no revenge trading for me!
Hope CPI went better for you! :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
NASDAQ/US100 Market Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist US100/NASDAQ Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday