Nasdaqshort
iamtradingdon | NAS100 Market Daily Technical AnalysisWhile NAS100 continues to display a bullish trend, I closely monitor indicators suggesting a likely bearish shift. The price has consistently encountered resistance at a Rejection Block, marking this area as a significant institutional resistance zone. If the price drops and a bearish candle closes below 21735, I will establish my target at 21580.
NAS 100 BREAKER BLOCK SHORT! With Price action giving us strong rejection wicks at our area of interest, breaking through the Swing low (Break & Retest set up), along with sweeping buy side liquidity formed at the Daily support level.
Price is poised for a pull back to the breaker block (Structure Low). If we receive a Bearish confirmation, once price reaches the Breaker Block. This would be a good and confident short entry. Watch your risk as we are still above the subjective Bullish Trend line
Take profit 1 at The FVG 21,245
Take profit 2 (Stretch Goal) is the 38.2 Fib retracement level.
* If we see a 38.2 retracement this should be a rejection off of the subjective "Bullish Trendline"
** Volume is giving us a great push down from the breaker block, Also just above TP2 is another area of great volume that could server as potential support.
Concepts used:
Structure
Volume
Price Action
Fibs
ICT
QQQ Market Structure Update, Short Setup👋Hello Traders,
Our 🖥️ AI system detected that there is a H4 or higher timeframe, a Short Setup in
QQQ for swing trade (a couple of days)
We are waiting for a retest with less buying power under the Supply Zone before Swing Short trade this week.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
NQ - Nasdaq struggles. The weekly reveals itSee the support NQ had?
Super nice how the the Medianlines and the A/R set reveals it. But now there is some trouble in the Kitchen.
After reaching the white Center-Line, price is struggling to punch through the orange U-MLH.
If price can't fight ti's way through this resistance, it will turn south - probably very sharp.
To me, this is a cheap Short.
If I'm wrong, so be it, it's just one of 1000s of trades. But, it's a offer I can't reject §8-)
Nasdaq Short: Weak Tech & Key Data AheadTaking advantage of the current bearish momentum in the Nasdaq with a daily short setup. Recent price action reveals a double-top pattern and a significant trendline break, suggesting potential downside. As we approach critical economic data releases, volatility is expected, which could fuel further bearish movement.
Technical Analysis
• Pattern: Double-top formation, a bearish reversal signal, confirmed with a break below the neckline.
• Trendline: The long-standing upward trend has been broken, validating the bearish scenario.
• Key Resistance: $20,200 area is acting as a strong resistance zone.
• Support Levels: Initial support around $18,800 with further downside potential if broken.
Fundamentals:
The short position on Nasdaq is driven by the weak tech performance, with giants like MSFT (-6.05%) and META (-4.09%) showing declines. Rising bond yields have intensified pressure on tech stocks, indicating potential shifts in investor sentiment. Additionally, tomorrow’s key data—Non-Farm Payrolls (forecast: 113K vs. prior 254K), Unemployment Rate (expected steady at 4.1%), and ISM Manufacturing PMI (forecast: 47.6)—could further impact market outlook, with any surprises likely to influence Fed expectations and Nasdaq sentiment.
Risk Management
• Entry: Near current levels, aiming for downside momentum.
• Stop Loss: Above recent highs to protect against false breakouts.
• Target: Initial target at $18,800, with potential to extend if bearish momentum persists.
Risk Note: Given the volatility associated with these macroeconomic events, there is potential for increased fluctuations. Managing risk through stop-losses and close monitoring of data releases is essential.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Nasdaq Outlook: 07-NOV-2024Good morning, traders! Welcome to today's Nasdaq market analysis. Compare my price action insights with your own charts and enhance your trading skills.
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nasdaq falltoday as seen in the chart.
we tested the bottom of the range and wherent able to move with enough energy to the upside.
in the american sesion today we dditn ake a new high.
i see weeknes in the market.
entry in blue.
target in green.
to be able to take the win you also have to be able to the loss.\
have fun
Elektra
QUALCOMM Short Trade Hits TP1 – More Bearish Targets PossibleTechnical Analysis: QUALCOMM – 15-Minute Timeframe (Short Trade)
QUALCOMM has reached TP1 (171.92) in the short trade, with the remaining targets still in play. The initial downtrend is confirmed, and we are closely watching for the next targets to be hit.
Key Levels
Entry: 173.07 – The short position was initiated following clear bearish signals.
Stop-Loss (SL): 173.99 – Risk management placed above the entry point to limit potential losses.
Take Profit 1 (TP1): 171.92 – First target hit, confirming the downtrend's strength.
Take Profit 2 (TP2): 170.08 – The next target is set as momentum continues downward.
Take Profit 3 (TP3): 168.23 – Further price movement could test this level soon.
Take Profit 4 (TP4): 167.09 – The final target for this short trade.
Trend Analysis
The price has broken below the Risological Dotted trendline, showing sustained bearish momentum. The price action confirms the downtrend, with TP1 already achieved, and lower targets still within reach.
QUALCOMM has started its downward movement by hitting TP1. We are now observing further bearish pressure to meet the next targets. Risk management remains crucial with the stop-loss in place.
NASDAQ #NAS100 #NQ BIG SHORT THIS WEEK?Market Makers' Bias:
-Non-Commercial traders, including hedge funds and large institutional speculators, have significantly increased their net selling positions compared to the previous week. This shift indicates a strong bearish divergence, suggesting that market sentiment has turned decisively negative.
Additional Fundamental Bias:
-The Nasdaq appears overbought relative to U.S. Treasury bonds, suggesting that tech stocks within the Nasdaq Index, such as #AAPL, #META, and #GOOG already falling in prices.
-We also have the Nasdaq Futures contract Rollover Price gaps, they normally act as a magnet to be filled.
US-Election year Seasonality - Heavily Bearish this week.
Technical Analysis portion:
-We are just hit the weekly covered daily Supply zone, price may now be ready for a bearish this week.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
Let’s see how this plays out... 👀👀
NASDAQ 100 Drops! Short Trade Confirmed, Eyeing First TargetThe NASDAQ 100 has confirmed a short trade with a strong bearish move below the entry at 20263.46. The price is progressing towards the first profit target (TP1), though it has not yet been reached.
Key Levels
Entry: 20263.46 – The short position was confirmed as the price broke below this level, signaling bearish momentum.
Stop-Loss (SL): 20378.68 – Placed above the recent resistance to protect against potential upside reversals.
Take Profit 1 (TP1): 20121.04 – The first target, not yet reached, but in close proximity as the downward trend continues.
Take Profit 2 (TP2): 19890.59 – The next target in case of continued bearish pressure.
Take Profit 3 (TP3): 19660.15 – A further downside target, aligning with the next support zone.
Take Profit 4 (TP4): 19517.73 – The ultimate profit target, marking a significant decline.
Trend Analysis
The price has broken below the Risological Dotted trendline, confirming strong bearish sentiment. The market is likely to move toward TP1 if the selling pressure continues. The downward momentum suggests further potential to reach deeper profit targets.
The NASDAQ 100 short trade is progressing well after confirmation, with TP1 at 20121.04 in sight. If the bearish trend holds, further downside targets are expected to be reached.