NAS100We were triggered and stopped out but we did fair.
DAILY
Kept falling and dragging down and tested around the support level, 17070 around here. We have a test candle which shows that our test level was correct.
4H
Price is testing again (in correction) so we stay waiting and watching for either the break (impulsively) or the reversal impulsively. This is where we will get more information to lay forward our case.
1H
Reject before 17500 is where we would believe that our correction has ended, break through here means we wait even more.
Nasdaq100
N1DAILY
Just watch, the current sideways movement has me in a daze, previous similar price dropped and melted.
4H
Let it move more before any judgements. Rejection of price from 18200 and candles direct us to look for sells.
1H
17900, our target price. Just waiting for entry prerequisites.
15Min
The impulsive bear candle just gave us the first confirmation wait for 2 more before even attempting to enter.
NDQ100 (Nasdaq) Price Breakdown Pre-CPI
Today's focus: Nasdaq
Pattern – Range
Support – 17,832
Resistance – 18,355
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the Nasdaq daily.
Price remains range-bound. Do traders feel today's CPI will be bearish or bullish?
Yesterday, buyers showed some strength, stopping a bear move and reversing losses. Could good news on the CPI and minutes front maintain buyer control?
We have run over the primary levels and are currently holding the price. Depending on what we see from the CPI, could we see a new break that is lower or higher? Traders also have to be aware of false breakouts.
Good trading.
N1DAILY
Mid trend, so stay the fxxk away
4H
Impulsive bearish candlestick currently forming, which will keep the drive going down to find support. 18000 will give us a point of interest for price, where we will look for patterns before using candles for confirmation.
1H
Current candle is bearishly engulfing and giving more signs of bears killing momentum of the bears.
15Min
18050 we'll wait for this touch.
N1DAILY
Stay watching
4H
Bearish channel in a bullish trend. So we wait for the touch of 17900 or 18500.
1H
Impulsive bull candle, then a slow down (the consolidation / accumulation), now we heading back up so we can put a Buy Stop.
15Min
First wait for the break of 18150 and the retest before entering this trade. Do not take it on the break, rather wait for better confirmation
N1DAILY
Still following the channel and building it further. Currently 17949, which is giving us more confirmation to the direction we are anticipating.
4H
The little reversal candles don't give us enough information to go in any direction.
1H
17865 had a double bounce here, which had long wick touches to show rejection.
15Min
It's bottoming out and price is squeezing so during NFP we definitely will have lots of volatility to the direction where the demand is the highest.
US100/NASDAQ/USTECH/NDX100 Bullish Robbery planHello My dear Indices Traders,
This is our Day Trade master plan to Heist Bullish side of US100 Market. my dear Looterss U can enter at the any point above my entered area, Our target is Red Zone that is Hgh risk Reversal area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing stop.
My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
Nasdaq Prepares for Retracement Amidst USD MomentumThe Nasdaq, exhibits robust momentum as Friday begins However, signs indicate a potential retracement on the horizon, especially as observed in correlated pairs like EUR/USD. A pullback would offer the Nasdaq, along with the DJ and S&P500 indices, an opportunity to consolidate before resuming upward movement. Market participants are bolstering their positions in the Greenback, anticipating the Federal Reserve to scale back its projected interest rate cuts from three to at most two. This shift is prompted by ongoing economic data signaling a healthy pace of growth in the US economy.
Despite a lack of major economic releases scheduled for Friday, investors will closely monitor speeches from three US Federal Reserve officials. Foremost among them is Fed Chairman Jerome Powell, scheduled to address the market around 13:00 GMT.
In summary, the Nasdaq prepares for a potential retracement amidst USD momentum, with investors eyeing upcoming Fed speeches for further market cues.
This trading strategy is oriented towards scalping. Please ensure careful management of your funds if you decide to replicate our personal trading approach.
N1DAILY
18346, is our beautiful price of interest. We peak above and just below it. There it is a point where we will determine our next move. 18000, being the bounce price and now we are heading to our price of interest. We are anticipating a high yield tomorrow but we are not certain it won't fake out few times before the certain direction.
4H
Double bottom and finally price has brought itself up to where the previous strong impulsive candle started, 18255. Which shows just how strong the bears pushed the bulls over the hill. Stay watching and waiting.
1H
High highs and high lows but now we get around 18250 and we slow down again (resistance), we possibly could just melt again here before coming back up. Candles as well have short bodies and short wicks, indicating a high reversal chance.
-Nas consolidation does not usually last long because there is volumes of volatility always.
15Min
Break of 18210, I will look for sell opportunities
End of five waves! Or a higher wave? Then correctionDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
Weekly outlook (Bullish market 5-3-5-3-5) long-termDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
Dow Jones Industrial Averages Weekly Technical Analysis(1) We have witnessed a sharp fall from 29,500 level in Feb’20. This was almost 38% fall from the top. Market had gone in a oversold zone.
(2) Around 18,300 level, price found a support and bounced back from this level.
(3) With an upside rally, price managed to breakout its previous resistance.
(4) After the breakout, we have seen a sharp upside rally further and the price reached at 36,950 level.
(5) A corrective decline has been seen from there and the price started making lower highs and lower lows at reached to 28,800 level.
(6) Price again bounced back from there and gave a upside move.
(7) In this entire consolidation phase, a Cup & Handle chart pattern has been formed, which gave us positive indication.
(8) With a strong breakout of the Cup & Handle pattern, price started its journey upside.
(9) Currently the price is standing near its All Time High. More upside move is expected from here.
Technical Analysis of Nasdaq 100 Index in 1 Hour Time Frame(1) In hourly time frame, we can observe that the price was moving through a parallel channel in upward direction.
(2) From upside, 18,400 level is performing as a strong resistance and the price couldn’t sustain above this level.
(3) 17,800 level is an immediate support for the price as the price has taken support in here for multiple times.
(4) Recently with a gap down, price is currently trading below its trend line support level.
(5) There is a possible chance that the price again can come to its support zone and bounce back from here.
N1WEEKLY
Highest high, peak, top price. 18467, we bouncing around these areas and that is indication of more bulls to come. For now it's first a matter of getting momentum to go.
DAILY
18300 being the strong level of rejection with wicks all over the place is signs of reversals we would anticipate them going down and falling hard.
4H
Aiming down, possibly to 17900. But it's not conclusive as all the slowing down (wicks, spinning tops, dojis) all show reversals of current price and rejection so we'll wait.
1H
Bounce of 18180 will give us the idea we need for the next move.
15Min
Bad trade idea so rather stay waiting
NAS100/NASDAQHello Fellow traders, this idea on SKILLING:US100 is being distributed to my community, I'm sharing it here for your comments, if this is valid.
This is only my view, im looking for another Buy limit on this pair $nas100.
This is not a financial advice,
Once we hit another 2 highs, I will update again this idea.
Follow for more.