Potential bullish rise?NAS100 has reacted off the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could rise from this level to our take profit.
Entry: 21,426.87
Why we like it:
There is an overlap support level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 21,119.53
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 21,894.84
Why we like it:
There is a pullback resistance level that aligns with the 78.6% Fibonacci retracement.
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Nasdaqsignals
NASDAQ Technical buy on this 1D MA50 bounce.Nasdaq (NDX) has been trading within a Channel Up pattern since the September 06 Low and potentially has started the new Bullish Leg as on Friday it hit the 1D MA50 (red trend-line) and rebounded. The 1D MA50 has been holding since the September 12 bullish break-out.
Still, there is no confirmation yet, as the price remains below the 4H MA50 (blue trend-line). As you can see on this chart, every time the index broke above its 4H MA50, it never broke again until the next Higher High of the Channel Up, technically confirming the new Bullish Leg.
With the 4H RSI rebounding also from oversold (<30.00) territory, there are higher probabilities of this being the new Bullish Leg. If the confirmation comes, we expect at least another +9.08% rise from Friday's Low (which was the % rise of the previous Bullish Leg) to target 22500.
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US100 Trade LogUS100 has reached the daily FVG , providing a short setup at the 0.5 level with at least "1:2 RRR" and 1% risk.
Any fill above the midpoint is ideal, aiming for a correction into the weekly Kijun .
Recent Fed hawkishness, softening global growth, and tightening liquidity support a downside move. Stops go just above the FVG high; ride the drop toward weekly support.
NAS100On NAS100 I am bearish for the longer term, currently I am waiting for price to reach my area of interes where I will be looking for selling opportunities. You will see there are two areas where i will be interested to look for selling opportunities. This is done based on my strategy on specific charts.
Remember, clear charts better vision.
Elliott Wave Analysis and Fibonacci Projections for US 100CAPITALCOM:US100
The Elliott Wave Theory identifies 5 impulsive waves in the direction of the trend, followed by 3 corrective waves:
Impulse Waves (1-2-3-4-5): Main trend movement.
Corrective Waves (A-B-C): Countertrend correction.
2. Detailed Analysis of Observed Waves
Wave 1: Initial Upward Impulse
Definition: This is the first wave that initiates a new trend, driven by optimistic investors.
Key Level on Your Chart:
The bottom of Wave 1 is observed at 21,571.8, marking the trend’s starting point.
Wave 2: Correction of Wave 1
Definition: This wave corrects a portion of Wave 1, typically between 38.2% and 61.8% of Fibonacci retracements.
Interpretation: The correction does not breach the starting point of Wave 1.
Observation:
Wave 2's correction stays above the critical support.
Wave 3: Strongest Impulse Wave
Definition: This is typically the longest and strongest wave, often extending 1.618 times Wave 1.
Key Features:
It surpasses the high of Wave 1 and creates a significant trend move.
Key Level on Your Chart:
The peak of Wave 3 is at 22,133.4, confirming a strong upward move.
Wave 4: Intermediate Correction
Definition: Wave 4 corrects part of Wave 3 but does not overlap with Wave 1’s territory.
Typical Retracement: Between 23.6% and 50% of Wave 3 (Fibonacci levels).
Observation:
The low of Wave 4 is seen at 21,946.8, aligning with a retracement between 38.2% and 50%, indicating a moderate pullback.
Wave 5: Final Impulse Wave
Definition: This wave continues the trend but is usually weaker than Wave 3.
Projection:
Fibonacci extensions project Wave 5 to end around 0.618x or 1.0x of the distance between Wave 1 and Wave 3.
Key Level on Your Chart:
Wave 5 is projected to reach 22,400 (based on a 61.8% extension).
3. Fibonacci Levels and Wave Validation
Fibonacci Retracements:
Wave 2: Corrects 38.2%–61.8% of Wave 1.
Wave 4: Corrects 23.6%–50% of Wave 3.
Fibonacci Extensions:
Wave 3: Often extends 1.618x the length of Wave 1.
Wave 5: Projected at 0.618x or 1.0x the total move of Wave 1–3.
4. Validating the Elliott Wave Scenario
To ensure the waves on your chart follow the Elliott Wave principles:
Wave 2 does not retrace more than 100% of Wave 1.
Wave 3 is not the shortest of the three impulsive waves (1, 3, 5).
Wave 4 does not overlap the territory of Wave 1.
5. Observations and Projections
Based on your key levels:
Wave 3 successfully formed a strong impulse at 22,133.4.
Wave 4 retraced to 21,946.8, aligning with Fibonacci retracement levels.
Wave 5 is projected to reach approximately 22,400, based on the 61.8% Fibonacci extension.
6. Recommendations
Monitor Fibonacci levels to confirm Wave 5's target near 22,400.
Use indicators like RSI or MACD to detect divergences, signaling potential Wave 5 exhaustion.
Validate Elliott Wave rules to avoid misinterpretations.
NASDAQ rally still has lots of upside before is tops.Nasdaq (NDX) is technically respecting the 2-year Channel Up that it's been trading in since the December 26 2022 market bottom. Its most recent Higher Low was on the August 05 2024 1W candle, which initiated the Bullish Leg we're currently in.
As you see, the previous two Bullish Legs had one main pull-back/ correction sequence each and apart from that, the majority of the Leg was technically a straight uptrend. Given that the current Bullish Leg already had a strong pull-back early on (August 26 - September 02 1W candles), it may continue to rise up to its target without another correction, assuming the 1D MA100 (red trend-line) holds.
If however it has another pull-back similar to the previous Bullish Leg (March 04 - April 15 2024), then it should rise some more near the 0.236 Fibonacci level and then pull-back.
In any event, the current level is technically a solid long-term buy entry and since both previous Bullish Legs have been around +48%, we expect to see 25300 before the current one tops.
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NASDAQ100 / US100 / US TECH Indices Market Bullish Heist PlanHello!! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
Stop Loss 🛑 : Recent Swing Low using 4H timeframe
Target 🎯 : 22400.0
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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.
NASDAQ Approaches Key Support: Bullish Momentum Likely to PersisThe NASDAQ is approaching its ascending trendline support, which could serve as a potential bounce point to sustain the bullish momentum and drive new highs. There are no significant bearish signals, suggesting that buying on dips remains a viable strategy for targeting further upside.
US 100 Trade LogUS100 Long Setup (1H)
Trade Logic:
- Entry: Long within the 1-hour Fair Value Gap (FVG) located in the discount zone relative to this timeframe.
Confluence Factors:
- Bullish Momentum: The market is strongly bullish, with price action consistently breaking resistance and forming higher highs.
- Relative Aggression: While the FVG is in a discount zone on the 1H timeframe, higher timeframes do not confirm the same, making this a relatively aggressive trade.
- Supportive Context: Recent pullback aligns with the FVG, offering a potential continuation opportunity as buyers step in.
- Risk-Reward: Minimum 1:2 RRR with a tight stop-loss of 50 points, ensuring disciplined risk management.
- Target: TP1 at the next intraday resistance; TP2 near psychological levels like 15,500.
Macro Context:
- Market Sentiment: Strong risk-on sentiment in equities as major indices rally, supported by favorable economic data and dovish central bank tone.
- Tech Strength: Nasdaq constituents leading the charge with inflows into growth and tech sectors, further reinforcing bullish momentum.
- Volatility: VIX remains low, indicating stable conditions conducive to continuation of bullish trends.
Additional Consideration:
While this setup is aggressive, the bullish momentum makes it a calculated risk worth attempting. Keep stops tight and monitor if price fails to hold the FVG. Reassess if higher timeframe resistance levels come into play, suggesting a larger pullback.
NASDAQ consolidation until the CPI.Nasdaq (NDX) hit our 21650 Target that we set exactly 2 weeks ago (November 25, see chart below) and is now entering a consolidation phase (orange Rectangle):
As long as the 4H MA50 holds, the uptrend will stay intact within this 3-month Channel Up. We believe that this consolidation is similar to the September 13 - 19 price action, which also started after a +6.80% rise and with the support of the 4H MA50, it resumed the rally and peaked on the 1.5 Fibonacci extension.
As a result, we expect Nasdaq to stay ranged until Wednesday's U.S. CPI report and following that to resume the uptrend, targeting 22300 (just below the 1.5 Fib).
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All Time Highs on the Horizon!!!Price is on a Bullish Up trend In a Current Retracement.
This Thesis uses several different concepts. Based off of Market structure, support & resistance, RSI Divergence, Fib lvl's, ICT Concepts,
Daily: Bullish, Price is Rejecting Bullish TL and Testing structure , 61.8 prz (Daily Breaker Block forming)
H4: Bullish, Morning star R Pattern at H4 lvl
H1: Bearish (Wait for price action to return Bullish before entering)
Thesis:
Looking for price to bullish break H4 lvl to order block
and retest back to daily lvl 20595 / previous structure high zone, for bullish entry.
Notes:
price has a overall retracement 61.8 prz
Price rejecting off bullish Trend line
Price rejecting 4H FVG
H4 Hidden Bullish Divergence
Daily Bullish Breaker Block
Cons:
-4H could be a Head and shoulders Pattern if price rejects and doesn't break through Daily lvl 20595
Wait for H1 Time frame and Execution time frames to line up with macro Bullish Trend before Executing!
TP1: 21,150
TP2: 21,468 (ATH)
TP3: 22,242 Stretch Goal (ATH)
Intraday Levels for Nasdaq 100 Futures - 12/05/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
US 100 Trade LogUS 100 Buy SIgnals
Two potential long opportunities have been identified, but caution is advised due to the possibility of stop runs. The market could easily disrupt both trades, so this requires close observation and adherence to the system. Discretionary judgment will play a role here, but the focus remains on structured analysis.
Trade Setup :
1. Entry Zones : Buy within the 1H Fair Value Gap (FVG) or the 4H Fair Value Gap (FVG).
2. Risk Parameters :
- First Position: 0.5% risk
- Second Position: 1% risk
3. Stop-Loss Size : Fixed at 90 points for both trades.
4. Risk-Reward Ratio (RRR) : 1:2 for both positions.
5. Caution : Be wary of potential stop hunts in these volatile zones. Monitor closely for signs of market manipulation or sudden reversals.
I am also weary of the strong divergences on both the MACD and the CVD. So be careful with risk assessment today.
Several indicators suggest that the NASDAQ 100 (NAS100) may faceSeveral indicators suggest that the NASDAQ 100 (NAS100) may face a downturn in the near future:
Technical Indicators:
• Rising Wedge Pattern: The NAS100 has formed a rising wedge pattern, typically considered a bearish signal indicating a potential price decline.
• Overbought Conditions: The Relative Strength Index (RSI) shows overbought levels, suggesting that the index may be due for a correction.
Economic Data:
• Manufacturing Sector Contraction: The ISM Manufacturing PMI rose to 48.4 in November but remains below the 50 threshold, indicating ongoing contraction in the manufacturing sector.
• Slowing GDP Growth: The U.S. economy grew at an annual rate of 2.8% in the third quarter, down from previous quarters, reflecting a slowdown that could impact corporate earnings.
Federal Reserve Policies:
• Interest Rate Outlook: Federal Reserve officials have signaled caution regarding future interest rate cuts, which may affect investor sentiment and equity valuations.
Market Sentiment:
• Tech Stock Volatility: Recent declines in major tech stocks, including Nvidia and Microsoft, have led to broader market pullbacks, indicating potential vulnerability in the NASDAQ 100.
• Strengthening U.S. Dollar: A stronger dollar can negatively impact multinational companies’ earnings, many of which are components of the NASDAQ 100.
Considering these factors, there is a potential for the NASDAQ 100 to experience a decline in the near term. However, market conditions can change rapidly, and it’s advisable to monitor real-time data and news updates for the most accurate information.