NAS100/USDthere were a lot of news and (Nasdaq/us100) has 2 scenarios ether it would start a rest now at the first zone if it got rejected or at the second zone it depends on the news of this week to do your own research and trade safe .
Nasdaqshort
Sell possibility The price will continue with the original move (short) only if the current price goes up to fill the OB area then wait for its reactions with LTF to give us a possible sell signal in the lower time frames M1 to M5. And other reasons would be that the price will mostly reverse up and find an AOI for the central banks to find an area to put their orders in blocks as a potential sell. But its not yet valid let wait for the reaction
NASDAQ possible short for 10860daily chart forming lower low and lower high. supply zone 11730 & 11840, stop loss: 11940, target: 10860. RR 1:7
NASDAQ EXPECTED BEARISH TURNAlthough the economic indicators in US are positive in general, showing return to growth in July-September period, the heavy weight tech companies like Facebook, Alphabet and Microsoft Corp are expecting slower growth and Amazon Inc reported lower than expected earnings. This took toll on the NASDAQ Index. It plunged and broke the support of the upward channel that it had trading in since 14th of October.
Both technical indicators, MACD and RSI are confirming the bearish trend, with MACD histogram below 0 line and keep decreasing and RSI below the 50 neutral line.
If this trend continues, the instrument might reach its previous low of 10 680. In the opposite scenario, the price might try to test the channel resistance at 11 800.
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NASDAQ -- Quick Asian Scalp IDEATargetting Gap that was created previously -- we also seem to have created the Asian highs -- this was a retracement higher to come lower in my opinion. Not holding on to trade too long as I just wanna take my profits at TP and be done. Will also be going to bed to see if I can create a bias and let it run over night -- I want to let my trades run at night and once in a while take some Asian session trades because I believe it gives my trades room to just be there without me constantly trying to over manage it.. Sometimes I realize I overthink and either take profits too soon or close the trade too early due to fear.
Bearish NASDAQ (US100) to Continue in Longer TermBased on the upcoming fundamental news such as Non-farm Payroll (NFP) today and CPI news next week, I would think NQ would be bearish with higher probability to follow yellow path.
I am hoping i was wrong, but given the recent geo-political news such as OPEC+ is reducing the oil output, it will drive price of goods to continue to go up, giving more pressure for higher inflation, and fed will try to slow inflation down by increasing interest rates more if there were no strategic initiative by US government to relieve the concerning situation.
NASDAD probability short for 126005th & 8th August daily two key reversal bars consecutively formed , made a new highs and closed towards the low. might be possible price may jump more upside to catch stop losses of retails traders. so use low trade size and wider stop loss. 13530 supply zone above key reversal bars which may test before fall. i took short trade with low risk, will add more if price moves upside. target is 12600.