AUDJPY BULLISHAUD/JPY appears poised for a bullish breakout, supported by key technical indicators and chart structures. Price action has reclaimed a significant liquidity zone, indicating strong buyer interest and the absorption of supply. A confluence of dynamic support from an ascending trendline and the 50-day EMA further reinforces the bullish setup.
On higher timeframes, a recent liquidity sweep at a key low has been followed by a strong rebound, signaling that sellers may be trapped and the market could pivot higher. A break above the recent market structure high could trigger stop orders, driving momentum toward the next major liquidity cluster. Increasing volume and momentum will be key to confirming this potential upward move.
+ testing inferior KL, aiming for higher ones
Nasdaq100
GOLD BULLISHGold appears poised for a bullish breakout, supported by key technical indicators and chart structures. Price action has reclaimed a significant liquidity zone, suggesting strong buyer interest and absorption of supply. A confluence of dynamic support from an ascending trendline and the 50-day EMA further strengthens the bullish case.
On higher timeframes, a recent liquidity sweep at a key low has been followed by a strong rebound, indicating that sellers may be trapped and the market could pivot higher. A break above the recent market structure high could trigger stop orders, fueling momentum toward the next major liquidity cluster. Watch for increasing volume and momentum as confirmation of this potential upward move.
+ precisely the contrary of NASDAQ with a little more zigzag liquidity
NASDAQ BEARISHThe Nasdaq may face a correction in the coming hours, based on technical signals from the charts. The index is approaching a key resistance zone, coupled with an overbought RSI (Relative Strength Index), indicating potential short-term reversal. Additionally, a bearish divergence between price action and the MACD (Moving Average Convergence Divergence) suggests weakening bullish momentum. Declining volumes on recent highs further point to reduced buying pressure. A test of the immediate support could accelerate the downside if this level is breached.
+ big liquidity level broken yesterday, looking for a correction
Nasdaq Intraday Review - Tuesday 10 Dec 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 +- 5:30 am GMT (00:30 am EST)
Economic news - None, but tomorrow is CPI
News - None
Directional bias - BUY. The M TF is very bullish and until there is a reversal pattern eg. DT on a high TF (like the D TF at least), I continue to hold my buy bias.
Morning analysis:
M TF - very bullish
D TF - Price is right at the neckline area (marked in green) at time of writing this morning. If candles start closing below neckline towards the mushroom, Nas will turn bearish, because then a day DT has formed with the neckline broken down (change the D TF chart to a line chart and it will be easily visible). D fib retracement levels were broken down yesterday, in other words bulls were not able to overcome the bears at these levels and bears push down past these levels. Now only W retracement levels remaining. W 0.382 fib level is 2800 pips down (at time of writing in the morning). Bulls last defense against the bears is the D neckline (marked in green) and a strong D support level, exactly at the D neckline. So this is the level were bulls will have to step in if they do today.
4H TF - Shrinking red candles at C. indicate a loss of bearish momentum. Hoping that bulls will push up from the green support / neckline. Drawn in the SELL fib levels because these will be key take profit levels. Sell fib drawn from swing high at B. to swing low at A.
As the day progressed:
As the morning progressed a falling wedge pattern formed on the 1H TF, as marked by the thick pink lines.
Entered a buy at the hand icon, when price broke upwards on the 15min TF - Confirmations:
1. Market pattern - Falling wedge pattern formed on 1H TF, right above key support. Pattern broken upwards, indicating that price is ready to move upwards
2. S&R - Green line represents D Neckline and key D support area. On the 1H TF, price is reacting to the 100 EMA, indicating that the torquiose EMA line is acting as dynamic support.
3. Trend - Buy is in the overall bullish trend of Nasdaq. Also the temporary downtrend line (the top pink line of the market pattern) is broken, indicating that price is ready to move upwards
4. Fib - None
5. Candlesticks - Shrinking candles on the 4H, indicating loss of bearish momentum
Mental SL placed at the thick pink line. I was willing to risk more today because it might have come down one last time to test the green line, this was purely based on my feeling, which luckily turned out not be true.
Luckily I had zero draw down and price shot up.
I took partial profits at the top hand icon (because that was TP2 on the buy fib (as drawn) and then closed almost all the rest of my position at the blue arrow (when a strong DT started forming on the 15min TF).
I left a runner open, just in case I could possibly benefit from a push up at CPI tomorrow, but this was taken out at entry ultimately.
Majority of my profits was about 1000 pips.
Stats:
The total bullish move for the day was +- 1575 pips:
I captured 63% of the total move (I'm happy with that).
Amazing to see how price reacted to the sell fibs today. Fib levels are real baby!
P.S. A note from yesterday's trading....I took a loss of 800 pips yesterday (I tried twice and hit SL twice). I was pretty bummed about it and didn't post :(
Won't be trading CPI tomorrow, because I feel I cant stack the probabilities in my favour! See ya Monday!
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
Intraday Levels for Nasdaq 100 Futures - 12/10/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Intraday Levels for Nasdaq 100 Futures - 12/09/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
NASDAQ ONE MONTH FORECASTAfter breaking so many levels and reaching such a high price, nasdaq should stop soon to correct ;
we think it could go up to 22K max, then come back to the red KL, which are the ones that never were corrected ;
not exactly sure when or how, but this round top seems like a realistic way to end the year for US100.
GOLD GAPHuge trade opportunity tonight with a gap so huge that it got filled right away ;
bulls took their chance, nice job, now it should head back to the original configuration towards 2600s, then 2550s later this month ;
the first week price is always the most important, here anyone could have made a huge trade by simply aiming at filling the gap by selling.
XAUUSD ON THE MOVEAfter make such a sudden hard uptrend, Gold seems ready to come down again ;
in a liquidity slow pattern this time, as it seems to have already started yesterday ;
just like BTC, gold sometimes like to come back where it started but in a slow way compared to the huge candlebox it just did ;
so this seems like a plunging pattern looking at aiming for 2550s.
US100/NASDAQ GOING UPAfter a long uptrend which we could not wait would stop, seems like yesterday's move set the tone for next days ;
it seems thanks to Trump that it is going up for real in a super bullish trend that wants to break 22K ;
and as BTC just blew 102-103K, we never know what could happen.
More precisely, this seems like a triangle pattern which will either make the price fall hard or keep going up smoothly, which seems more accurate now.
QQQ & the market are heading higher! BULL RUN CONTINUATION! NASDAQ:QQQ and the overall markets are heading higher based on our High Five Setup Trading Strategy and what the charts are telling us!
- Ascending triangle breakout_retest_next is higher. This was a tricky one as we broke out and over shot the rest area but we are now back above the breakout area and set for ATH push this upcoming thanksgiving week IMO.
- Dropped down to our support zone and caught a bid as we anticipated due to AVP shelf and the 9ema.
- Williams R% needed that pullback last week, and now we have a retest of support and a bounce higher in our consolidation box. Giving us a strong signal we will build on the week we just had and head towards ATH's once more.
Measure move for the Ascending Triangle is:
$560
Measure Timeframe is:
March2025
For everyone that is calling a TOP across social medias. I say NO SIR! The charts DON'T LIE!
NFA
Intraday Levels for Nasdaq 100 Futures - 12/05/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Nasdaq Intraday Review - Wednesday 4 Dec 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 +- 5:30 am GMT (00:30 am EST)
Economic news - ADP Nonfarm Employment Change @13:15
News - None
Directional bias - BUY
Morning analysis:
M TF - very bullish
W TF - very bullish, we are now in all time high territory again
D TF - D candle had closed higher that previous high, testament of the bullish sentiment
4H TF - very bullish, 4H EMA is far down, so if price retraces it could be a long way down before price finds the dynamic support of the 4H EMA
As the day progressed:
Noted a rising wedge pattern form as marked by the blue lines.
Price broke the market pattern upwards and came back down to retest the top line of the pattern.
With price being at an all time high, it could easily be assumed that price will make a huge retracement. In the past, I would have been eagerly ready to place a sell because it's at an all time high and "has to come down"(*). I have lost a lot of money in the past, trying to decide for the market, what it should do.
Looking at this market pattern, the way price broke upwards, re-tested and closed a green candle HIGHER. It seemed to me price wanted to continue upwards.
From years of screen time, I also know that if price is very bullish (like at all time highs) it can continue higher for much longer than one would expect. I have also seen that sometimes, price will continue to push for the previous day's TP's.
So because price was also rejecting the TP1 from the day before and closing higher, I felt that bulls wanted to push for TP2.
I entered a small buy position at the hand icon. Price shot all the way up to TP2.
I closed just before market open at the top hand icon and made a cool 870 pips. I closed because I was "sure" market open would retrace and wanted to lock in my profits.
So even though preaching at (*) in the text above, I was still a victim of this mentality that "price has to come down" :)
But anyway, I am still happy with my trading today. In the long ago past, I probably would have taken a sell just because price "has to come down after all time high".
In the not-so-long-ago past, I probably would have sat out and been too scared to take a buy, even though I saw the signal. But today, I took the signal, albeit with a small position. #progress
So just a reminder, trading is a long and slow game of patience and repetition (or at least for me).
Keep going, keep consistent and you will see progress.
In the beginning your goal should be to survive and live to trade another day. Get in as many hours of screen time as you can...and just keep going.
If I were to advise a beginner, I would say:
1. Learn as much as you can about candles, market patterns and timeframe confluence (use baby pips.com for an excellent free resource)
2. Have 3 x display screens on your desk. On one screen, have the 1H TF displayed, on the second screen, display a split between the 4H TF and the D TF. On the third screen, display a split between the 15min and 30min TF.
3. Stare at your screens for hours and hours a day! Haha! Screen time is the most valuable experience you can get.
4. Don't demo trade for too long. Trading with real money changes the game. So trade with the smallest possible position size available eg. 0.01 and just try to survive to the next day.
5. Start seeing results after a few years (not what everyone wants to hear because trading is "fast, easy money", but that is the truth for the majority of traders)
All the best! :)
Stats:
The total move for the day was 2'000 pips
I captured 870 pips / 44 % of the total move (need to improve)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
Intraday Levels for Nasdaq 100 FuturesThis analysis highlights key Support zones for intraday trading, based on the provided chart.
Analysis
The Nasdaq 100 has reached its all-time highs, meaning there are currently no technical resistances above the current levels. However, we can identify some support zones where the price might bounce or reverse.
Considerations
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.