Nasdaqlong
NASDAQ100/US100 LONG daily daily breakdown for the overall bull we've been on. finding stable demand and long. don't get caught up in the daily' temporal reversal mania and shorting into demand. Shorting is advisable on a short term if price closes significantly lower than today' open.
NASDAQ - Tracking Minor Waves - Long Trade UpdateTo be honest with you I have not looked at the trade until now when someone told me about a drop.
All this does is really make me think how far up this is going to go. I will update you shortly if the target has changed. This could be going a lot higher.
Looking at this now I just see a C Wave in an expanded Green Wave 2 correction. The trade remains in place.
Stop: 9508
Was this move designed to knock you out of the trade, probably.
Let's see what happens from here.
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NASDAQ - Tracking Minor Waves - Some Tricky D Wave DudMy thinking on the previous related idea (see below) was that the previous high (marked in red) was the D Wave followed by the E Wave.
Due to some weird choppy waves this morning the D Wave identification was wrong.
A break of 9594 should confirm that Blue Wave 2 in this (C) Wave is done.
I always look for that V shaped recovery when E wave is complete.
When E Waves are confirmed, the stop goes at the end of E Wave.
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NASDAQ - Bullish Scenario - Let's Play Devils AdvocateIn line with my Dow bullish scenario here is the Nasdaq version.
A break of the magenta line will confirm Blue Wave 3 in progress for Wave (C) of Wave D.
Entry: 9614
Target: 11154
Stop: 9372
A break of 9757 is further confirmation of this bullish scenario.
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NASDAQ | Bullish momentum but until when?- In the 1h timeframe we are able to see a clear bullish movement with increasing tops and bottoms.
- Price is above SMA50 and SMA200.
- Volume: In every consolidation so far we see a small depression but every time when the bullish trend has begun, volume has increased as well.
- Strong support zone at 7750 and strong resistance zone at 7870-7900. The next big challenge for NAS100 is to break the significant resistance at 7990.
Nasdaq - why I wouldn't buy hereAs can be seen on chart Gaussian alligator can be seen to be opening bearishly on the weekly chart, with a possible rejection at the top of the ichimoku cloud, it may seem bullish at the moment but in fact this is very bearish. Short at your own risk, big players tend to take out shorts.
NAS100 Next Move PredictionThe long awaited drop finally came into play last night, after a long day of a choppy market and trading side ways, we have finally gone bak to test the major support on 916X Region, which has faired pretty well.
Confluences taken into consideration
1) EMA Currently above current market price.
2) Shooting Star on daily time frame.
3) Multiple Trend lines aligning, creating paramaters to work within
NAS respecting the ascending trend line, i predict a further drop past the current current support and a potential long swing.
The only concern with regards to news, which might push it further down is regarding the Coronavirus which is now widespread and have investors on their tip toes.
#NASDAQ 100, Will the declines stop?After an 8% drop, is it time to buy again? If the fundamental analysis is ignored and we focus on technical analysis, we will draw some conclusions:
According to the Ichimoku indicator, there is no change and the bullish model is still strong and stable.
The last drop in May was about the same amount of decline and you know the sequel ...
The 7600 has strong support of moving average 200 line.
Target: 8400
NASDAQ NQ1! 1 HR in a Range Trade 11:00 NYT a.m.RANGE
Today we do see Nasdaq in range bound
from 7560 to 7620
I have marked the range with 2 red lines for easy view.
To check an outbreak of these range we do need a fall below
the support 7560 or a start to new highs with an outbreak above 7620
Till one of these scenes will happen i suppose to do nothing.
After the decision its more easy to go in a long or short position.
As we come from a long scenario maybe the decision to the upside is
more likely than to the downside but thats not shure.
Good trades