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Nas100signal

NAS100 completed it's inverse head and shoulders pattern!Hey everyone, We discussed about NAS100 yesterday and mentioned of the possibility of an inverse head and shoulders formation on it. Today it looks like this pattern has been completed. The left shoulder, head and right shoulder have been established and the market broke above the key level. There's high chance that NAS100 will rise at least for a brief rebound to the upside seeing that the stock market has been oversold for an extended period of time. With this pattern in mind, I expect buyers to defend the violated key level. If they can be able to, then 12600 will be an easy reach for the bulls. I will continue to monitor the behavior of price above the key level to look for more buying opportunities. If you enjoy reading my ideas please be kind to leave a like. Yesterday we were able to catch the beginning of this long term move to the upside. If you didn't see yesterday's idea, here it is. Follow the link below to read more about the idea. NAS100 was able to break above a structure on lower timeframe. Well, this is one of my favorite structures that I look for in any market.
FX:NAS100Long
by Forexintelligence_NA
NAS100 overall bullish projection and trend reversal!Hello everyone, Yesterday I discussed about NAS100 and its current developments on lower timeframe. I spotted certain patterns that seems to repeat themselves. You can take your time to read my previous idea on this to have an idea of what I am talking about by following the link below. If we expect a bull rally soon as discussed yesterday and possible reach 13000 in the near future, it is easy to believe that we will see a giant inverse head and shoulders on the higher timeframe which will eventually sponsor a strong bullish move to the upside and change the overall trend in this market. Keep in mind that the market may not turn out to exactly move in the same way, even if we can be confident in its future destination. I for my part will use the overall idea as a road map, but the streets may be curved. If you enjoy this idea please do not forget to show your support with likes. I will highly appreciate it. If you have any question, feel free to ask in the comment section below.
FX:NAS100Long
by Forexintelligence_NA
1
NAS100 repetition of patterns. What is it trying to tell us?NAS100 repetition of patterns. What is it trying to tell us? Hello traders, let's examine NAS100 and see what it is trying to tell us. Back in May we saw that after it created an inverse head and shoulders kind of correction NAS100 roared from there. Again it looks like the same thing is being printed right now. I am not sure if we are going to see an inverse head and shoulders but what I am pretty sure of is the correction is getting to its completion and whatever correction it is, soon we shall see NAS100 roaring, either up or down. In my previous analysis and discussion I have mentioned of this correction. These are few things I will examine to take opportunity of the strong coming moves on NAS100. A close below 11000 will mean that the recent low (head) will be broken and that means the inverse head and shoulders will no more be valid. That will signal bearish continuation and attract more selling pressure. A close above 11750 will mean that the inverse head and shoulders is coming into play and the neckline will be violated. That will signal bullish reversal and attract buyers in the market. Whatever the case may be, it is great to keep on the watch as the market is preparing for big moves. If you enjoy reading my ideas please be kind to leave a like. If you have any question feel free to ask in the comment section below.
FX:NAS100
by Forexintelligence_NA
1
NAS100 is in a correction phase! What should we expect next?What NAS100 is doing right now is quite simple to tell and relate, the index is in a correction as it has done in the past. As we can see after a correction comes a rally/drop and after a rally/drop comes a correction. A week ago we saw a drop where NAS100 moved significantly fast without looking back, this week what we see is just a correction which is not yet complete in my point of view. We still need a swing high and maybe another swing low to complete this correction. What comes after that? Obviously a rally or drop. This is how I define these market phases: Correction Phase= Sleeping state Rally/Drop Phase= Awakening state Right now NAS100 is sleeping, there's nothing much happening but moving choppy, sideways in a confined space. I am waiting it to complete its sleep and pay closer attention to its awakening to catch a rally or drop. Taking trades within a correction can only be done wisely. Does this make sense? What should we expect next, rally or drop? Share your thoughts in the comment section below.
FX:NAS100
by Forexintelligence_NA
I will watch out NAS100 to Sell at these levels! I would like to see it pull back in either the 38.2% Fibonacci level (#1183), or the 50% Fibonacci level (#12000). I will be watching for rejections at those levels with a strong bearish bar on lower timeframe. Seeing that the market is more bearish, it's most likely that one of these levels will be an ideal for short positions. I will be eyeing psych level 11000 as my first target and hopefully trail in some orders to see how far it will fall. As I discussed in my previous idea, I expect the worst for the stock markets so bears are in this for a long haul. If you have any question please leave it in the comment section below. If you enjoy reading my ideas please be kind to leave a like.
FX:NAS100Short
by Forexintelligence_NA
2
NAS100|The worst is still to come, more selling ahead!I was just going through the chart and market history and decided to share my thoughts on the current market situation. We can definitely see that the stock market is tumbling to the floor. But the big question is, where shall this end? Everyone is eager to know the answer so we buy the dip. The chart above is a weekly chart. NAS100 continues to break the lows as we can clearly see from the past weeks. Today (Monday) NAS100 is trading below the May 2022 low. A daily close below this low will mean that NAS100 will continue further down. Ahead of it is the 200 simple moving average. I have also plotted my Fibonacci retracement tool from point A to B and noticed that- near the 200 SMA is the 61.80 fib level. Should we expect the market to bottom around this level? Only time will tell. I also took time to study the 2008 financial crisis chart and see what I could possible learn from it. In 2008, NAS100 tumbled with at least 50% from June 2008 high to November 2008 low. For sure many where watching the 200 SMA and perhaps thought the market would bounce up from there, but as we can see on the chart below the market just went through the line and further it collapsed. Today, history is definitely repeating itself. We can expect the 200 SMA and 61.80 fib level to be penetrated and 78.60% fib level might be an ideal level to watch this market and that is at around 9000. Maybe you are wondering. What exactly happened in 2008? By the winter of 2008, the U.S. economy was in a full-blown recession and, as financial institutions' liquidity struggles continued, stock markets around the world were tumbling the most since the September 11 terrorist attacks. In January 2008, the Fed cut its benchmark rate by three-quarters of a percentage point—its biggest cut in a quarter-century, as it sought to slow the economic slide. The bad news continued to pour in from all sides. In February, the British government was forced to nationalize Northern Rock. In March, global investment bank Bear Stearns, a pillar of Wall Street that dated to 1923, collapsed and was acquired by JPMorgan Chase for pennies on the dollar. Source: Investopedia The bottom line? US inflation accelerated to a fresh 40-year high in May to 8.6%, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. With all this on the table, we can expect the worst for the stock market. I believe the stock market will continue to tumble and picking bottoms at this time is not a wise idea. If you enjoy reading my ideas please do support with likes.
FX:NAS100Short
by Forexintelligence_NA
4
What I am watching for on NAS100!Who else had terrible days last week? NAS100 and I weren't cool last week. I had devastating punches in the ring. Just when I thought it gave me a very beautiful bullish continuation pattern, it dropped like rain after the U.S CPI data release. I want to allow the market to still digest the data of last week. I am hoping to see a correction soon at least at the May low, there I want to see some sort of corrections which will help me have vivid details of the future direction of the index, whether it will rise from there or drop further and I will take it from there. One thing I have learnt and something I have to continuously remind myself: Never trade the market when it's in the correction phase, it is very frustrating and it keeps you glued to your computer all day long. I want to keep my trading simple and look for ways to enjoy myself and STOP worrying about every move on NAS100. It will definitely move and I am not going to stop it or tell it where to go, I will only wait for best opportunities to show up and capitalize on those. I hope you do the same. Don't chase the market, take it simple and remember there are a lot of instruments to take a look at, diversify your portfolio. And remember to always play it smart, the market doesn't owe you, it is hungry for more!
FX:NAS100
by Forexintelligence_NA
2
US30 buy after the violation of the wedge!US30 buy after the violation of the wedge. Just like its related family member, US30 is showing bullish signs. The index has been in a correction the past days and it looks like the time to push up is getting closer. Currently the index is locked up in the wedge formation. I am waiting to see a violation of this pattern to the top for long opportunity. My target will be 34000 or closer to this considering the broker spread. Don't forget to support the idea with likes. Thank you! NAS100 IDEA
ULong
by Forexintelligence_NA
What to watch out for on NAS100 today during New York SessionWhat to watch out for on NAS100 today during New York Session. Technically, the index is still in its consolidation state, trading within a wedge pattern. It is also trading above 38.2% fib level. On 1 hour timeframe, RSI is below the bearish territory, suggesting that the index's momentum is to the downside. Not knowing where it would be headed from here I will look out for few of these confirmations for direction and perhaps entry: I want to see a rejection and bounce up from the 38.2% fib level with a strong bullish candle closing above the 38.2% fib level on lower timeframe for long position with target at 12700.00 and 12900. on the other hand, if 38.2% fib level gets violated to the bottom, I will be careful to wait for strong bearish momentum at least with a strong bearish candle closing below 38.2% fib level to go short with target at 12049.54. Whatever the move will be, will wait, watch and prepared to capitalize on it. Do your own analysis before pulling the trigger! Like this idea if you find it helpful. Trade smart and Big Love!
FX:NAS100
by Forexintelligence_NA
5
NAS100 6/7/22Before london session begin we can identified liquidities above those lower high. . Once 9:30 begin stocks market open Price reached FVG then start rally down. . Overall i'm still looking at 12000 key level . . . . . . 🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice 🧅JUST AN OPINION OF THE ONION.🧅
OANDA:NAS100USD
by MLGONION
NAS100| Reason I am still bullish on itHello everyone, Previously I discussed about NAS100 and mentioned of my bullish bias on it. Previously Nas100 printed a tiny wedge which developed into a bigger pattern later as we currently see. This pattern confirms the bullish bias and I will be waiting for more bullish confirmation for entries. It is more likely that NAS100 will reach 13500 in the few coming days. I will appreciate your continuous support, your likes do really matters to me. If you have any question feel free to ask in the comment section below. Big Love❤️ that NAS100 will reach 13500 in the few coming days.
FX:NAS100Long
by Forexintelligence_NA
1
Buy opportunity on Nas100!Trust you caught a sell entry and benefited a few pips from my previous analysis. If you followed congratulations. Let's now look at the current market structure. Price bounced up beautifully from a confluence zone of the rising trendline, 38.2% Fibonacci level and interestingly, price has printed a wedge (bullish continuation pattern). I expect price to rise if the wedge gets violated to the top side. For best entry, we should wait for the wedge to be completely violated. I will consider going long on this market with short term targets of 12856 and 13000 as shown on the chart.
FX:NAS100Long
by Forexintelligence_NA
🧅Read & Learn market structure NAS100I have decribed how the market move from my perspective . before and after the newyork session begin. unfortunately i can't publish 1m TF ,you guys can click the link on the chart to see it's in my private post. Let's learn together Good Luck Trader💯💯 . . . . . . 🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice 🧅JUST AN OPINION OF THE ONION.🧅
OANDA:NAS100USD
by MLGONION
Nas100 two possible scenarios from this key level!Nas100 broke above its falling channel that kept it in a strong downtrend since March 2022 closing above the 10th and 17th May highs. Ahead of it is the 12800 key level where I anticipate price to stop or make some reactions. A break above the 12800 or 13000 vicinity will expose the next resistance level at around 13570.00. If buyers hesitate to break the 12800-13000 key level, we could see price retracing lower and the nearby support is seen at 12000-12050. I will watch for any possible trading opportunities in this market. I will appreciate your continuous support, your likes do really matters to me. If you have any question feel free to ask in the comment section below. Namaste❤️
FX:NAS100
by Forexintelligence_NA
🧅Read & Learn market structure NAS100I have decribed how the market move from my perspective . before and after the newyork session begin. Let's learn together . . . . . . 🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice 🧅JUST AN OPINION OF THE ONION.🧅
OANDA:NAS100USD
by MLGONION
Nasdaq can correct towards 13kSince the beginning of 2022, Nas100 is in a downtrend, making lower highs and lower lows on our chart. However, after breaking under 13k support, the lows are marginal and the last break under 12k seems to be a false one. Friday the index closed the day with a Doji and now is trading back above 12k. A correction could be in cards for Nas100 and I'm bullish as long as the recent low is intact 13k could be the bulls target and buy dips in search of a good R: R can be a good strategy
SKILLING:US100Short
by Mihai_Iacob
7