Nasdaqshort
NASDAQ Moving LowerLooks as if a double top has formed after the recent melt up and a secondary trendline has been broken (solid yellow). Used RSI and OBV here to show the deviation from the price action solid red). The current trendline of the RSI has broken down and has bounced lower off the 50 level while the OBV sits right on it's current trendline. Price action has seemingly failed to make a higher high and is accompanied by higher recent selling volume. Current support levels are shown as dashed lines (yellow to red) With the red box being the strongest support and current target.
The Short Term - Looks as if we return to the primary trendline of the melt up (teal solid) to see if we get a breakout or a fake out. Mom's allowance money for this week says we make that move lower due to the above analysis and since RSI was rejected off the 50 level.
The Long Term - Shows price action moving back towards and testing the 200-day MA with the battle between the 50-day and 200-day to follow afterwards. Death cross = doom and gloom, bounce = hao in the NHL did u guise pull ths off?
TDLR; Bearish Deviations - Price action moves down to the teal solid line then towards the 200-day MA. Red box is the current target. Stay tuned to see how mad mom gets if the market takes our allowance money.
None of this was meant to be financial advice, but still seems pretty legit
NASDAQ JULY MONTHLY STRUCTURE OHLC (SELL SETUP) 🔻🔻🔻🔻NASDAQ JULY
MONTHLY STRUCTURE
OHLC (SELL SETUP)
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The July monthly structure for NASDAQ in 2023 can be analyzed through the OHLC (Open, High, Low, Close) framework. Currently, a sell setup seems to be emerging as NASDAQ's NAs100 index has formed an OPEN HIGH LOW CLOSE structure on the daily timeframe. This structure has effectively rejected prices below the sell zone at 15582.08 . Based on this configuration, a potential target for a sell setup is anticipated to be at 15255.22 , following a confirmation from the TDI (Trade Dynamic Index) crossing.
Another confirmation supporting the bearish stance for NASDAQ is the presence of a perfect bearish divergence observed on the daily timeframe, spanning from June 16, 2023, to the current price on July 14, 2023. This divergence suggests a potential shift in market sentiment and further supports the selling bias. Currently, we are awaiting a TDI cross on the daily timeframe, which will serve as an additional confirmation of the presence of sellers in the market.
Moreover, it is strongly believed that price will open high today during the market's opening session. This provides an opportunity to capitalize on selling at the peak of the New York trading session. Additionally, there are indications of a possible formation of a head and shoulder pattern, with the market currently in the second leg of the right shoulder during the pullback phase following the initial breakout.
In light of these observations, it is essential to exercise patience in the markets, closely monitoring the evolving patterns and price action. Furthermore, there is a possibility of an evening star pattern developing on the daily timeframe, which further reinforces the bearish sentiment.
By providing this comprehensive analysis with a professional tone and incorporating specific examples, we can gain a deeper understanding of the July monthly structure for NASDAQ in 2023, focusing on the OHLC framework, sell setups, bearish divergences, TDI crosses, and potential pattern formations such as head and shoulder and evening star patterns.
Target 1 - 15255.22
It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
NASDAQ - INMINENT SELL OFFNASDAQ - BEARISH INTERNAL CYCLE
Price it's on Panic Area (-0.382 - 0.00%) from Bearish Internal Cycle
I Suggest open SELL positions / take profits from bought stocks listed on Nasdaq at current price
- SL: ABOVE PANIC LIMIT AREA (17094.04)
- TP 1: 12849.15 - 12231.24 (50-61 %)
- TP 2: 10442.74 (100 %)
ADDITIONAL CONFIRMATIONS:
-APPLE Stock on same situation.
NFP NASif 15100 holds we can see a nice move to the down side tapping into that 4hr order block and buy side liquidity around 14900
now if 15100 doesn't hold we can see a move up to clear the remaining sell side liquidity around 15160 -15220
im short side biased at the moment a break of 15050 should open the door for a nice move down to those both of those green lines if no break i wouldnt enter waiting on confirmation but keep a eye on this trade safely its NFP
NAS100 AnalystHello everyone. I want share my idea about NAS100.
Last weeks how we see we have pretty bullish trend on NAS100. but yesterday we touch to 1W resistance where NAS rejected well and start coming down, fortunately my order opened.
In my opinions its was really good moment for find reverse spot entry after big bullish trend.
I am still looking to nas100 bullish but for this moment I am shorting it.
For bull entry we need to wait retest support zone which we have 14800-14700 which is really strong buy zone.
BE PATIENT!!! LOOK CHART EASY NOT HARD!!!
US100 BUYAccording to the analysis of the Nasdaq index. There is a high probability of a decline. The price reached a strong resistance level at 15,200. This resistance can be seen on the daily chart. Also, when it reached this area, it formed a strong double bottom pattern. With the formation of very negative candles confirming the great pressure of the sellers until the index declines. good luck
NASTY100Pure Technical
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
Nasdaq Short Idea For The Coming Days Or Weeks.This is my analysis on the Nasdaq, I'm anticipating selling down to any of those two weekly fair value gaps, what will confirm if any of those fair value gaps will hold price and have us see an expansion to the upside is if price breaks structure bullishly to the upside on the 4 hour time frame, for now shorts are ideal for this market condition.