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NQ1! NAS100USD NASDAQ Analysis dated 2023 Oct 02NQ1! NAS100USD NASDAQ 2023 Oct 02 Analysis from 02 Sep 2023 short scenario worked out well for the month. - market broke down the upward channel (black dash) - Supply is present on Friday's bar - Wait for reaction to demand line of upward channel (blue highlight, set alarm) Possible scenarios: 1) Market returns into upward channel and is supported = Long on test and accept 2) Short on rejection if bottom of channel becomes resistance. Price Reaction Levels Short on Test and reject | Long on Test and Accept 16255 15801 15283 14804 13960 *Longer term: 13350 support must hold for long trend to be intact. Price/Volume/Trend Analysis: Weekly: Ave vol up bar close level with previous bar = NTC, Minor support Daily: S>D weak close up bar. *NTC = Non-Trend Changing | PTC: Potential Trend Changing Like and follow if you find this useful | *For education purpose only. Have a profitable trading week.
CME_MINI:NQ1!
by paradox677
NASDAQ Is this what the markets fear the most?More than a month (August 16) ago we called for caution on Nasdaq (NDX) after calling for a short on the 1W MACD Bearish Cross formation (see chart below): This analysis didn't receive the attention it should as it delivered bad news that market participants wanted to ignore. The 1W MACD Bearish Cross on such a high level hasn't been seen since 2021 and that brought memories of the Inflation Crash. This week the index broke below the 1D MA100 (red trend-line) for the first time in 6 months with the 1W RSI turning neutral below 55.00 after being massively overbought from late May to late July. So far this looks like a healthy (and much needed) correction, similar to the 1D MA100 hit-and-rebounds of October 26 2020, March 01 2021, May 10 2021, September 27 2021. The common characteristic on all was that no 1W candle closed below the 1W MA100 and no selling sequence broke below the Support provided by the first candle that approached or hit the 1D MA100. This time that Support is at 14550. So far the current pattern resembles more the August - October 2020 fractal as the 1W MACD Bearish Cross is the widest while also formed after an incredible rally from the market bottom (it was the COVID flash crash recovery then). Check also the 1W RSI which is remarkably symmetrical. Also every such fractal that didn't cause a crash, broke quickly above a Lower Highs trend-line. The only one that didn't was the market peak fractal of November 2021. In our opinion, as long as Nasdaq holds the 14550 Support, it will become a buy opportunity the moment it breaks above the Lower Highs trend-line. In that case, we will resume our 16770 long-term Buy Target (and All Time High). If however it closes a 1W candle below the Support, we would expect a sharp sell-off to the 1W MA50 (blue trend-line), as it happened on the January 17 2022 candle. In that case we will need the fundamentals that will surround the market at the time, to determine the risk of buying at 13500 (projected contact level with the 1W MA50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100
by TradingShot
9
NASDAQ Bottom of the 2023 Channel but watch out if it breaks.The Nasdaq Index (NDX) has been basically trading sideways and around the 1D MA50 (blue trend-line) since September 07. This led the price to the bottom (Higher Lows trend-line) of the long-term Channel Up pattern that has been in effect since the December 29 2022 market bottom. The key Support trend-line has been the 1D MA100 (green trend-line) which has been holding since January 20. As a result, this is the most optimal level to enter a buy (bottom of the Channel Up) and target Resistance 2 at 16570 (January 04 2022 High). If however the price breaks below the 1D MA100, we will take the loss and instead open a sell, targeting the 1.5 Fibonacci extension at 13900, on a potential contact with the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
2
🚀 Trade Alert: NAS100 Opportunity! 🚀🚀 Trade Alert: NAS100 Opportunity! 🚀 Get ready for some electrifying news! 📈 We've got a sizzling trade opportunity on NAS100 that's got our engines revving! 🚗💨 But here's the deal: We're not diving in headfirst just yet. Oh no! We're playing it smart and patiently waiting for the market to serve us some mouthwatering Lower Timeframe (LTF) confirmation before we make our move. 🕒 Timing is Everything 🕒 In trading, timing is our secret sauce for success! We want to ensure that when we make our entry, it's backed by solid, high-energy confirmation. So, buckle up and stay tuned! We're keeping our eyes on the charts, and the moment that golden LTF confirmation appears, you'll be the first to know! 📊✨ Get ready to ride the waves of opportunity and seize those profits! 🌊💰
PEPPERSTONE:NAS100Long
by GREENBACK_OFFICIAL
NASDAQ 4H Buy signal within the Channel Up.Nasdaq (NDX) is breaking above the 4H MA50 (blue trend-line) again following a Bullish Cross on the 4H MACD and it needs a 4H candle closing above it in order to confirm the continuation of this bullish move. If confirmed, it will technically be the extension of the new bullish leg of the short-term Channel Up towards its top (Higher Highs trend-line). As you can see, both previous bullish legs have started right before a 4H MACD Bullish Cross and since the price already bottomed on the Higher Lows trend-line and the 4H MA100 (green trend-line), we have a strong mix for a buy signal, which is just waiting for the above mentioned confirmation. Our target is Resistance 1 at 15930, which will be a +5.30% rise from the bottom, similar to the previous two. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
NAS100 Anticipating a Reversal from Resistance ZoneHello traders, this is my view on NAS100. NAS100 is likely to reverse from the resistance zone. I believe it will fall after taking out BSL (buy-side liquidity). The reason for this idea is that NAS100 has perfectly created an inducement at 15,930.90, near the weekly timeframe CoG (Center of Gravity) at 16,099, and then it fell. Now, it has returned again to create a buy trap for retail traders. I think it will fall strongly after hitting BSL, which is at 15,796 on the 1D timeframe and 15,926 on the weekly timeframe. I'm looking to short it from the range of 15,800 to 15,940. "Please do support and engage with this analysis by giving it a follow and a like if you find it valuable. Your support helps us continue to provide insights into the market. Thank you!"
CAPITALCOM:US100Short
by Gravity-Traders-Academy
NASDAQ All going according plan, ATH by the end of the year.Today we make an update on our 1W time-frame Nasdaq (NDX) outlook on the analysis we published 2 weeks ago: So far the price action is materializing our projection, as the index priced a bottom near the 1D MA100 (red trend-line) two weeks ago and is rebounding aggressively, in similar fashion as the September 2020 fractal. Similar 1W MACD Bearish Cross and more importantly similar 1W RSI rebound within same Rectangle levels. If the pattern continues to be repeated, then a marginal breach of the 0.786 Fibonacci could deliver a new sharp pull-back to the 0.236 Fib. Weekly candle closings above it should keep investors interest intact and resume the uptrend, eventually to the 1.786 Fib extension and the 16770 All Time High. We are expecting this to take place towards the end of the year. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
6