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Nas100analysis

NASDAQ JULY MONTHLY STRUCTURE OHLC (SELL SETUP) 🔻🔻🔻🔻NASDAQ JULY MONTHLY STRUCTURE OHLC (SELL SETUP) 🔻🔻🔻🔻 The July monthly structure for NASDAQ in 2023 can be analyzed through the OHLC (Open, High, Low, Close) framework. Currently, a sell setup seems to be emerging as NASDAQ's NAs100 index has formed an OPEN HIGH LOW CLOSE structure on the daily timeframe. This structure has effectively rejected prices below the sell zone at 15582.08 . Based on this configuration, a potential target for a sell setup is anticipated to be at 15255.22 , following a confirmation from the TDI (Trade Dynamic Index) crossing. Another confirmation supporting the bearish stance for NASDAQ is the presence of a perfect bearish divergence observed on the daily timeframe, spanning from June 16, 2023, to the current price on July 14, 2023. This divergence suggests a potential shift in market sentiment and further supports the selling bias. Currently, we are awaiting a TDI cross on the daily timeframe, which will serve as an additional confirmation of the presence of sellers in the market. Moreover, it is strongly believed that price will open high today during the market's opening session. This provides an opportunity to capitalize on selling at the peak of the New York trading session. Additionally, there are indications of a possible formation of a head and shoulder pattern, with the market currently in the second leg of the right shoulder during the pullback phase following the initial breakout. In light of these observations, it is essential to exercise patience in the markets, closely monitoring the evolving patterns and price action. Furthermore, there is a possibility of an evening star pattern developing on the daily timeframe, which further reinforces the bearish sentiment. By providing this comprehensive analysis with a professional tone and incorporating specific examples, we can gain a deeper understanding of the July monthly structure for NASDAQ in 2023, focusing on the OHLC framework, sell setups, bearish divergences, TDI crosses, and potential pattern formations such as head and shoulder and evening star patterns. Target 1 - 15255.22 It is crucial to exercise patience and await the TDI cross before taking any action. Trade with Caution. Wait for valid entries. Please support this idea with LIKE, FOLLOW & SHARE if you find it useful. P A T I E N C E + D I S C I P L I N E
PEPPERSTONE:NAS100Short
by PeanutButter
Nasdaq's Rebalancing of Fabulous 7 Tech Stock so CautionRecent news concerns Nasdaq's decision to rebalance its equal weighting for the Fabulous 7 tech stocks. While this may seem like a routine adjustment, I urge you to exercise caution and remain skeptical about future stock returns and performance. It is no secret that the Fabulous 7 tech stock has been the talk of the town lately, capturing the attention of investors worldwide. Its remarkable growth and seemingly unstoppable momentum have undoubtedly piqued the interest of many. However, as seasoned traders, we must be aware of the hype and excitement surrounding these stocks. Nasdaq's decision to rebalance the equal weighting of the Fabulous Seven tech stock raises concerns and warrants a closer examination of the situation. Why would such a move be necessary if everything was going swimmingly? It is essential to question the motives behind this adjustment and consider its potential implications on the stock's performance. While rebalancing can be a regular part of market operations, it often signifies a shift in the underlying dynamics of a stock. It is crucial to remember that past performance does not guarantee future success. The Fabulous Seven tech stock's meteoric rise may have been impressive, but more is needed to ensure continued growth or prosperity. As traders, we must remain vigilant and not mindlessly follow the crowd. While the Fabulous Seven tech stock has undoubtedly provided lucrative opportunities in the past, it is crucial to approach future investments with a healthy dose of skepticism. We must carefully analyze the potential risks and rewards, considering the rebalancing decision and its impact on the stock. In conclusion, please proceed cautiously regarding the Fabulous Seven tech stock and any future investments. Nasdaq's rebalancing decision serves as a reminder that the market can be unpredictable and subject to sudden changes. Let us remember the importance of conducting thorough research, diversifying our portfolios, and making informed decisions based on careful analysis.
NASDAQ:NDX
by bryandowningqln
Nasdaq -> Preparing The Bearish WaveHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Nas100 just retested and already started to reject the major previous weekly structure zone at the psychological $15.000 level. You can also see that Nas100 retested the resistance of the very bullish rising channel, the next support would be the 38.2% fibonacci retracement level at the $14.000 zone so I am just waiting for more bearish pressure and then I do expect more upside potential. On the daily timeframe you can see that Nas100 finally broke structure towards the downside with Monday's candle so this is a sign that Nas100 is actually slowing down - I do expect another push lower to retest daily support at the $14.300 level and then I do expect a first bullish rejection. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
PEPPERSTONE:NAS100Short
by basictradingtv
41
Nasdaq -> When Does It StopHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that the Nasdaq is currently retesting important previous weekly structure at the psychological $15.000 level which is now turned resistance. You can also see that over the past couple of weeks, the Nasdaq created a rally of about 30% towards the upside, breaking a lot of resistance towards the upside but now we are a little bit overextended so I am simply waiting for a rejecion away from the resistance area. On the daily timeframe you can see that market structure is still bullish overall, there is no sign of the Nasdaq slowing down so I am still waiting for some bearish selling pressure before I then do expect also a daily retracement after this agressive pump recently. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BLACKBULL:NAS100Short
by basictradingtv
45
NASI have my eye on this area at the moment one of two things could happen 1. we could go up higher and grab liquidity and or see price go lower to target equal lows resting below and see if price will continue to fill gaps below. 2. we could see price continue rising above and leaving gaps open with resting SSL below and target previous highs at around 14645 and or 15300. lets see what price gives us over night and look forward to Friday morning with high impact news on the morning. 3 red high impact folders
OANDA:NAS100USD
by adrian14nk
Nasdaq -> Bulls Are In ControlHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Nas100 is actually approaching a quite obvious previous weekly support/resistance zone at the $13,500 level which is now turned resistance once again. You can also see that from a weekly perspective, market structure is extremely bullish, moving averages are also bullish and we just recently broke above and retested a previous weekly resistance which was then turned support so from a weekly perspective I simply do expect a deeper retest of the next resistance at the $13,500 before I then do expect a short term rejection towards the downside. On the daily timeframe you can see that with today's candle, Nas100 is finally breaking above a previous daily strong resistance area so market structure is now bullish again - I am just waiting for a little bit more upside, then a retest of the previous resistance which is then turned support and then I do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
PEPPERSTONE:NAS100Long
by basictradingtv
44
NQ1! NAS100 NASDAQ 2023 MAY 08NQ scenario 4, rotational trade yielded 470pts from 3 trades. Test and Reject/Accept setups consistently offers low risk trades. NQ was in rotation for a month now. Friday saw a low volume mark up, and could be trapping longs. Previous scenario planning remains. Given the rotation has progressed thus far, inexperienced traders should just wait. CAPS FOR EMPHASIS-MY TENDENCY TO TRADE SCENARIO4 WILL NOW BE DIMINISHED. Possible scenarios: 1) Market stuck in a 250pt range, wait till supply/demand is resolved Then: 2) Breakout of upper boundary to test 13740 = long at support of upper boundary of range 3) Breakdown of lower boundary of range = Short on rejection of 12950 4) The longer the rotation, the riskier will be rotational trade. Long on support between 12950-13040 | Short on rejection between 13350-13212 Volume Analysis: Friday's mark up on average volume, with close away from the high, is weakness on the bar. Price reaction levels: Short on Test and Reject | Long on Test and Accept 14361 13740 13350 13316 12950 10710 - 11068 Remember to Like and Follow if you find this useful. Have a profitable trading week ahead. *For educational purpose only.
CME_MINI:NQ1!
by paradox677