NASDAQ Small pull-back before final rally.Nasdaq (NDX) exceeded all expectations this month as following our November 01 buy signal (see chart below), not only did it hit the target but broke aggressively above the former Channel Down:
Since November 21 basically it has turned sideways, in an attempt to normalize the previous overbought 1D technicals. It has already hit the 4H MA50 (blue trend-line) and that is the first sign of exhaustion. If the 4H RSI gets rejected on its Lower Highs trend-line (testing it today), then expect a short-term pull-back, which we will short and target 15750 (-2.25% decline and above Support 1).
We take this target as during a similar 4H RSI Lower Highs rejection (September 15), NDX decline initially by -2.25%, similar also with the October 12 rejection. We expect this symmetry to play out at least on the short-term before the end-of-the-year rally, not necessarily on the long-term, where we need to see a 1D candle closing below Support 1, in order to signal a short towards the 4H MA200 (orange trend-line).
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Nasdaqsignals
NASDAQ ANALYSIS💸NASDAQ💸
Chart : 1Hour
Overall Trend : Bullish
Current Market Structure : Consolidation
Scenario 1 :
•Break ABOVE current consolidation area , we will look to Buy ,Targeting our weekly OB @ 16300 .
Scenario 2 :
•Break BELOW current consolidation , will signify a pullback to 15500 , Filling the imbalance in the market & then continuing the bullish momentum.
WILL LOOK ON THE LOWER TIME FRAME FOR POSSIBLE BUYING POSITIONS .(WITH CONFIRMATION)💡
NasDaQ's New Highs & Next MoveNasdaq pushed up pass July's highest price last week. We want to keep an eye on it this week to see if there will be more buys to push price higher.
The only thing that can invalidate this setup is if the inside bar's or past sellers attempt to push the market down fails.
What do you think will happen next? Will the buyers keep price going or will the sellers come in strong?
*I love doing these videos so like the video and boost it to let me know if you like them too.*
NASDAQ The target is no less than the All Time High.Nasdaq (NDX) smashed through our bullish target when we issued a buy signal (see chart below) 2 weeks ago:
Right now it is on a minor pull-back after hitting Resistance 1 (15930) yesterday, which is the July 19 High. That was the firs High of a potential Megaphone pattern and its structure so far resembles the Megaphone that formed the market bottom (October - December 2022) after the 2022 Inflation Bear Cycle.
Technically there are high probabilities that we are on the final bullish leg towards the Higher Highs trend-line, which in January 2023 extended as high as to complete a +20.50% rise. It also reached the 2.0 Fibonacci extension. A repeat of that magnitude would push the index marginally above the 16780 All Time High (ATH) of November 22 2021, and that is our current medium-term target.
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NASDAQ100 - Short SignalNAS100
The NAS100 shares a strikingly similar outlook with the Dow Jones, also known as US30 for those acquainted with the terminology. In fact, the NAS trend appears even more pristine compared to US30. The lower lows (LL) and higher highs (LH) sequence exhibits greater consistency on NAS100, while US30 displays a minor fake-out, although still well-contained within our designated zone.
Choosing to align with either NAS100 or US30 is a decision not to be taken lightly. It hinges on a careful assessment of risk considerations, instrument pace, and prevailing market expectations, rather than simultaneously trading both indices.
Bearish continuation of spooz and nasdaqIm going to watch the price action when it hits my entry point on daily chart based on monthly PD arrays. I am anticipating the current weekly candle to close bearish initiating the sell move on Wednesday and Thursday most probably. Markets could go higher and definitely could take the resent daily swing high. But if it does that today or tomorrow on Tuesday then Wednesday will be a good time to look for the perfect selling opportunity around 10-11 AM or 02-03 PM ET. Look for price to break structure on at least H1 and H4 chart, once its done, wait for retracement and get into it. Only trade for study purpose on demo.
NDQ, NDX, Nasdaq, Us100 setupIf price should trade above my Take profit 15209.56 - 15210.69 before 9:30am NY time on the 6th of Nov 2023, then I favor a market reversal to take profit below. But if market doesn't do that, I look for a direction which I believe the market should be going. Idea will be updated frequently.
This is a daily chart
NASDAQ Can it hold the 1D MA200 ahead of the Fed and NFP?Nasdaq (NDX) has a strong rebound near the 1D MA200 (orange trend-line) last week, which formed the latest Lower Low at the bottom of the 3.5 month Channel Down. Ahead of today's Fed Rate Decision and Friday's Nonfarm Payrolls, it is important for investors to see the index holding the 1D MA200 as Support, as it will provide the technical backing for at least a short-term rise.
As long as it does, our target is 14850, which is a level that meets all 4 bullish criteria:
1) Is on the 0.236 Fibonacci Channel level (all previous 3 Channel Down bullish legs hit at least this level).
2) Is on/ below the 1D MA50 (blue trend-line).
3) Is less than +6.28% (which has been the lowest % rise of a bullish leg withi this Channel).
4) Is (quite) below the 0.786 horizontal Fibonacci level (all previous bullish legs almost hit it).
If however the 1D RSI hits the 58.50 level (Resistance 1) before the index hits the 14850 target, we will book the profit earlier, as that RSI Resistance has formed the last 2 Lower Highs of the Channel Down.
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NAS100 4H NAS100 is in a bearish move over two weeks. LH and LL are keep forming. Now any signs of BOS (break of structure). There is a huge gap between last week High and last week Low. We can see a possible correction reversal move. A lot of imbalances are also to be taken out as we can see a lot of single print moves. This week we wait for FED decision about rates. Be careful with your trades and use tight SL.
NASDAQ 100: Setup for next week / daysPrice has retraced into a level that is in for demand to flood the market. My stand for tomorrow friday is consolidation. If I were going to push the market higher for next week, I'll want Friday trading day to be an in trading day. I wouldn't want the market to go up or down, but consolidate. That will be a signal to me that market will be going bullish for next week.
However, if the market for Friday should trade and not consolidate, but rather create a new lower low. Then I can look for a reason to buy.
NASDAQ Numerous technical indicators call for a Buy.Nasdaq (NDX) gave us a low risk sell trade last week (see chart below), where after taking the loss on the Channel Up bottom buy, we reversed to selling on the break-out and hit 14530:
Standard 'buy low, sell the breakout if invalidated' approach that aims at assuming low risk near supports/ resistances and high return when those break.
This sell-off brought the price on the Lower Lows (bottom) trend-line of the Falling Wedge for the 4th time. Coming of a 4H Death Cross, this is the 2nd Low after its formation, which has previously been a bottom pricing and buy signal. Additionally, the 4H RSI has been on Higher Lows on every bottom. The last indication that this is a solid buy entry, is that the price hit the 1.1 Fibonacci extension (from previous Low to High), which was where the previous two bottoms where formed.
As a result of all the above parameters, we issue a buy signal on Nasdaq and since the previous Lower Highs almost hit the 0.236 Fibonacci level, we set the Target at 15050.
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NASDAQ flashed a 13 years old BUY SIGNAL!Nasdaq (NDX) has completed a Bullish Cross between its 1W MA50 (blue trend-line) and 1W MA100 (green trend-line). Even though it's not a Golden Cross, on the 1W time-frame it attracts particular importance as the last time we saw this bullish signal was more than 13 years ago (February 08 2010) in the (sharp) recovery process after the 2008 Housing Crisis.
The fractals of that Crisis and the (current) 2022 Inflation Crisis are similar. Both hit the 0.9 Fibonacci retracement level and got the first major rejection since the Bear Market. The current wave is ongoing but in 2010 it approached the 0.618 Fib and rebounded strongly for nearly 1 year. On the current pull-back wave the 0.618 Fib is at 14000 and thi index already hit 14420.
Is it good enough to start the new recovery wave? It certainly is low enough to give us acceptable risk for the long-term, especially after the formation of a 13 year old bullish pattern. Based on the 2010 fractal, we may see new All Time Highs on Nasdaq in less than 6 months.
Are you buying on this signal?
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NAS100 MID-WEEK ANALYSIS-24/09/2023NAS100: Exploring Potential Bullish Scenarios Amid Market Shift
The market has recently exhibited a notable shift in the NAS100 index, particularly on lower timeframes, which has piqued my interest in exploring potential buy opportunities. Join me in the quest to uncover emerging bullish scenarios for NAS100 and adapt our trading strategies accordingly. Stay tuned for ongoing insights and updates! 📈📊 #NAS100Trading #BullishScenarios #MarketShift
SAME BIAS AS US30 AND SPX500
NASDAQ UPDATES
Last friday moves, 4H liquidity reacts the sellers.
Now im looking for a buy Opp this week. See the charts for context and guides.
My basis is liquidity sweep. THis idea base on my view only.
Trade with cautions. Risk is applied.
Trade at your own.
This is not a financial advice.
what is your thought?
NASDAQ Best action plan for the short-term.Nasdaq (NDX) is trading on the 4H MA50 (blue trend-line), pulling back after a Lower High at the top of the Falling Wedge pattern. The formation that took it that high is a Channel Up which hasn't yet been invalidated. As a result we currently sit on a bullish short-term signal until broken, with a 15270 target (Lower Highs trend-line). If the price closes below the 0.5 Fibonacci retracement level, which would also be below the 4H MA100 (green trend-line), it will be a sell confirmation like that of September 19, and we will sell, targeting 14530.
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Mirror strategy in a Ranging MarketNAS100USD has been Ranging between 15538 and 14556 since 18 Aug 2023. Here is our trading plan.
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Possible Path 1: To Upside
A Higher Low forms above the bottom of the Demand Zone (14826) ,
then attach the Supply Zone and Trend Line again.
Idea:
1. Long Entry when a Low formed above 14826.
2. Target to 15352 (Bottom of the Supply Zone).
3. Stop Loss below the Demand.
Risk and Reward 1:3 to 1:4
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Possible Path 2: To Downside
Straightly break the bottom of the Demand Zone (14826), then formed a Lower Low below the Demand Zone.
Idea:
1. Short Entry when a Lower Low formed below 14826.
2. Target to 14557 (Day Low on 18 Aug).
3. Stop Loss above the Demand.
Risk and Reward 1:3 to 1:4