Potential short term bounce in NVDAWill the anchored vWAP of $763.45 on the daily chart for NASDAQ:NVDA (anchored from the low on 3rd January 2024) be defended after Friday's close dipped beneath it? The 15 minute open at 4am this morning ($778.00) looks like a potential intraday key level at this stage...
Nasdaqlong
Whats next for Nas100??So I have a couple of reasons as to why I can see prices pushing higher. If looking on the 4H we broke out of what looks to be a bullish wedge and also a double bottom. we got a solid pump from yesterdays news. Now we wicked above last Friday's high but no candle closeon the 4H, at least not yet. Momentarily Nas is going short but not for long, we do need it to fill in these gaps and you can also see even better on the 2H. My second reason is if you see on the 2H it looks like we finished leg 3 of the elliot wave pattern hopefully dropping to that golden zone or even 18000-17950 which My extreme POI, then look for a 15min entry. After entry I'm holding to 18875. Good luck everyone!
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NAS100 - Interesting buy zone!Hello everyone!
After the SL of yesterday, we are turning bearish on NAS100.
Also because we are having rumors that start confirm itself, rumor about the US debt, but also about the NFP that gonna be bad !
Technically, I've entered a buy position due to:
- 2 major liquidity uptakes.
- Buy zone created through accumulation.
- Strong reactions at the buy zone (Accu).
Now we just wait!
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NASDAQ ANALYSISChart : 4Hour
Overall Trend : Bullish
Current Market Structure : Downtrend
Scenario 1 :
We are overall very much bullish on Nasdaq , we are looking into getting in on buys at a very discounted price . We can look at a 4Hour demand areas that put in a new all time high on Nasdaq .
Possible buys from that demand area.
So I will be looking for short term selling opportunities in the market for now as price needs to fill imbalance in the market .
( Counter Trend Trade )
Will look for buying opportunities at 18100 area
Nasdaq 100 Head and ShoulderHaving studied Nas100 for sometime now, I've noticed that it has a bullish turning movement of a head and shoulder. Expecting the market to correct/pull back into 4H demand before continuing to break all time highs. Expecting move from now until early next week, latest Wednesday.
NAS100 - MONDAY'S SMALL SHORT FOR BIG LONG! (TARGET 17265)As you might have noticed, the Nasdaq is on fire and I'm more of a reversal trader so times are harder. But, there is an old saying that states: "the trend is your ". I forgot the rest but I'll let you figure out the last word. So in homage of this old saying, we'll tighten our bullish running shoes and propose a setup that satisfies both camps. Here's what I see happening on Monday (29/01/2024):
What is on the chart? (follow the steps)
1) We have our liquidity target level which gave place to the continuation of the rally. So far so good for bulls, price is going up and their net worths too.
2) Our first reversal structure, with a low taken out and the high intact.
3) This is our retracement signal, confirming the market structure shift to the downside. This is paired with the fact that price broke the hourly Tenkan and Kijun + the Tenkan and the Kijun crossed over + breaking the Kumo + breaking the latest low. Additionally, the 4H Kijun and Tenkan reside within the 1H Kumo so those too were broken (not shown on the chart to promote clarity). These are reliable reversal signals. I am not trying to be a contrarian against the general trend but, this is how we spot general highs and lows. The daily is simply bullish so it's harder to spot a minor intraday opportunity such as this one.
4) This rejection confirms our reversal idea, and strengthens the probability of sellside liquidity getting taken out.
5) This is our final target, ideally the 1 Hour FVG. Again, on Monday anything can happen of course but this seems the most likely. I want these lows taken out before anything and, therefore we can short in anticipation of these lows getting taken out!
Most importantly, take some rest and have a great weekend! ;)
NASDAQ is going to pull back to the bottom of the broken channelWhen NASDAQ index reached the midline of the main historical channel, the hammer landed on its head. Then the bottom of the ascending channel was lost and now it is pulling back to the bottom of the broken channel with the confirmation of the indicator for a pullback.
The predicted route is specified.
Nasdaq weakness before Christmas?Nasdaq weakness before Christmas?
Barely hanging on to gains in a streak lasting ten days, US stocks managed to recover from initial losses and were trading slightly higher on Wednesday. The attempt to secure a tenth consecutive session of gains pushed the Nasdaq 100 to a new record high of 16,830.
In December, the Nasdaq has seen an increase of over 5%, and its performance for 2023 stands at 43%, on track for its best year since 2020. These gains can be attributed to expectations of the Federal Reserve cutting interest rates next year. Additionally, positive economic data this week exceeded expectations, with existing home sales unexpectedly rising and CB consumer confidence experiencing its most significant increase since early 2021.
The NAS100 Index is currently trading above both the 200-day and 50-day moving averages, indicating a bullish trend. However, it is not far from yesterday’s close which raises caution, as it could suggest either a consolidation phase or a potential reversal.
In the short term, there may be some weakness targeting the 16,750 area and 16,400, the latter being the level where consolidation occurred at the beginning of December before the most recent upward movement.
NDX Broke Double Bullish Pattern, 16600 SoonDear Traders,
NDX broke the falling channel (long purple trendlines) and then repeated a breakout from the falling wedge (short purple trendlines).
I believe NDX can continue its rally because MACD turned bullish, and I can see a confirmed bullish cross on the RSI. The price is above EMAs, and the volume is high enough for the continuation. I believe the target could be around 16600.
NDX is also overbought. While I expect further upside, traders without an existing position from lower target prices could wait for a corrective retracement to enter.
Kind regards,
Ely
UPDATE: Nasdaq easily heading to first target 16,956Similar to Dow Jones, the Nasdaq is heading to our initial target of 16,956.
Also formed a Cup and Handle. Also above the 200MA.
Also moving based on the fundamentals of weaker US dollar and slow down in interest rate hikes.
Also, with AI tech and EVs taking over control with many different companies in some ways or another, we can expect the tech boom going into 2024.
All the reasons to stay bullish and optimistic.
Or am I just feeling the festive season too much?
You let me know!
NAS100 MID-WEEK ANALYSIS-24/09/2023NAS100: Exploring Potential Bullish Scenarios Amid Market Shift
The market has recently exhibited a notable shift in the NAS100 index, particularly on lower timeframes, which has piqued my interest in exploring potential buy opportunities. Join me in the quest to uncover emerging bullish scenarios for NAS100 and adapt our trading strategies accordingly. Stay tuned for ongoing insights and updates! 📈📊 #NAS100Trading #BullishScenarios #MarketShift
SAME BIAS AS US30 AND SPX500
E-mini Nasdaq MONSTER LONG Setup (ABCD Completion)Looking at a potential MONSTER move on E-mini NASDAQ
Market bottomed out and using our Fib calculations we would see a strong Extension from here (ABCD pattern Completion) that would take is to 15497.75 for 470+pts of profit potential... I have engaged position LONG at 15012.5 and am holding on strong... A lot is riding on TESLA Earnings tonight, followed by Jerome Powell tomorrow at 12pm EST if all goes well we will be running for new Highs in my opinion!