QUALCOMM Short Trade Hits TP1 – More Bearish Targets PossibleTechnical Analysis: QUALCOMM – 15-Minute Timeframe (Short Trade)
QUALCOMM has reached TP1 (171.92) in the short trade, with the remaining targets still in play. The initial downtrend is confirmed, and we are closely watching for the next targets to be hit.
Key Levels
Entry: 173.07 – The short position was initiated following clear bearish signals.
Stop-Loss (SL): 173.99 – Risk management placed above the entry point to limit potential losses.
Take Profit 1 (TP1): 171.92 – First target hit, confirming the downtrend's strength.
Take Profit 2 (TP2): 170.08 – The next target is set as momentum continues downward.
Take Profit 3 (TP3): 168.23 – Further price movement could test this level soon.
Take Profit 4 (TP4): 167.09 – The final target for this short trade.
Trend Analysis
The price has broken below the Risological Dotted trendline, showing sustained bearish momentum. The price action confirms the downtrend, with TP1 already achieved, and lower targets still within reach.
QUALCOMM has started its downward movement by hitting TP1. We are now observing further bearish pressure to meet the next targets. Risk management remains crucial with the stop-loss in place.
Nasdaqsignals
NASDAQ can explode to 25000 if the 1D MA50 keeps supporting.Nasdaq (NDX) appears to be coming off yet another short-term consolidation (ellipse pattern), the kind of accumulation it is accustomed to while trading within its 2-year Channel Up.
As we have established in previous analyses, the index is on its 3rd Bullish Leg of this pattern following the August 05 bottom (Higher Low) on the 1D MA200 (orange trend-line). When the same consolidation took place in the previous two Bullish Legs, the index remained supported by the 1D MA50 (blue trend-line) and went off to complete a rise of +49.50% and +47.80% respectively. The 1D RSI fractals of all those sequences, also display amazing symmetry.
If the rallies are on a decelerating rate, we can expect the next one to hit at least 25000 (+45.50% from the Aug bottom). As you can see, the Higher Highs of the Channel Up tend to form after the Sine Wave tops, while the bottoms are exactly on point.
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NASDAQ 100 Index - Technical Analysis [Long Setup] 🔹 NASDAQ Analysis on 1H chart
- The current Trend is BULLISH
- There is no divergences
- Continuation pattern is present which is bullish flag
🔹 Trade Plan For 1HR
- Entry Level = 20386.3
- Stop Loss = 20312.7
- TP1 = 20458.6
🔹 Risk Management
- First TP is 1:1
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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NAS100 I Forecast and Technical Analysis Welcome back! Let me know your thoughts in the comments!
** NAS100 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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CleanSpark Rockets: All Targets Hit in 15-Minute Long TradeTechnical Analysis: CleanSpark – 15-Minute Timeframe (Long Trade)
CleanSpark showed strong bullish momentum, reaching all profit targets after entering the long trade at 9.06. This trade has concluded successfully with all targets achieved, confirming a solid upward trend.
Key Levels
Entry: 9.06 – The long position was entered following a clear bullish signal.
Stop-Loss (SL): 8.81 – Risk management was placed below the entry point.
Take Profit 1 (TP1): 9.37 – First target met, validating the initial bullish trend.
Take Profit 2 (TP2): 9.87 – Continued buying interest drove the price to the next target.
Take Profit 3 (TP3): 10.37 – The uptrend remained intact, hitting the third profit level.
Take Profit 4 (TP4): 10.68 – Final target achieved, confirming the trade's success.
Trend Analysis
The price remained well-supported by the Risological Dotted trendline, indicating strong upward momentum. Each target was hit as the price steadily moved in the long direction, with minimal retracement.
CleanSpark’s long trade demonstrated the power of catching the upward trend early. With all targets hit, this trade stands as an excellent example of precision and market timing.
MARA Holdings Surges: All Profit Targets Hit in 15min Long TradeTechnical Analysis: Mara Holdings – 15-Minute Timeframe (Long Trade)
Mara Holdings displayed a strong bullish move, hitting all profit targets following a long entry at 15.77. The trade has now concluded successfully, with all targets achieved.
Key Levels
Entry: 15.77 – Long position initiated after identifying bullish momentum.
Stop-Loss (SL): 15.41 – Positioned to manage risk in case of a reversal.
Take Profit 1 (TP1): 16.20 – Initial target achieved early in the trade, confirming the upward trend.
Take Profit 2 (TP2): 16.91 – Continued buying pressure led to this level being reached.
Take Profit 3 (TP3): 17.62 – Bullish momentum carried the price to this level.
Take Profit 4 (TP4): 18.05 – Final target successfully hit, completing the trade.
Trend Analysis
The price remained above the Risological Dotted trendline, confirming a sustained uptrend throughout the trade. Mara Holdings showed strong buying interest, driving the price through all profit targets.
The long trade on Mara Holdings was highly successful, hitting all targets, with the final target of 18.05 marking a profitable conclusion. This showcases the precision of identifying and capitalizing on upward trends.
RIOT Platforms Bullish Rally Hits All Targets! Trade CompleteTechnical Analysis: Riot Platforms – 15-Minute Timeframe (Long Trade)
Riot Platforms executed a strong bullish move, hitting all profit targets after a long entry at 8.04. The trade has now concluded successfully, with all targets achieved.
Key Levels
Entry: 8.04 – The long trade was initiated after identifying bullish signals.
Stop-Loss (SL): 7.83 – Positioned below key support to manage risk.
Take Profit 1 (TP1): 8.30 – Hit early in the trade, confirming initial upward momentum.
Take Profit 2 (TP2): 8.72 – Continued buying pressure drove the price to this level.
Take Profit 3 (TP3): 9.14 – The strong uptrend pushed the price to this target.
Take Profit 4 (TP4): 9.40 – The final target has been successfully reached, concluding the trade.
Trend Analysis
The price stayed well above the Risological Dotted trendline, confirming a sustained uptrend. Riot Platforms showed clear bullish momentum throughout the trade, hitting each profit target in sequence.
The long trade on Riot Platforms was highly successful, achieving all targets, with the final target of 9.40 marking the end of the trade. This showcases the effectiveness of identifying strong upward trends.
Nasdaq Breakdown: Today’s Metrics and Analysis 18-OCT-2024Good morning, traders! As a seasoned price action trader, I'll share my Nasdaq insights to help you improve your trading skills.
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"Nasdaq could experience a significant drop in the coming days.""Dear everyone, NASDAQ may decline in the next few days. I'm currently in two trades."So let's see how things unfold."
As always, it's essential to apply proper money management and never trade without placing an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be measured over a series of trades, not just one.
Guys always read this quote.It will help you mentally."I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.' No, you don't. You should sit there until you find something.” “Jim Rogers:
Thanks!
WOLFSPEED Rallies! Long Trade Hits All Targets, Bulls DominateTechnical Analysis: Wolfspeed – 15-Minute Timeframe (Long Trade)
Wolfspeed demonstrated strong bullish momentum, with a long trade entry at 10.23 and successfully reaching all profit targets.
Key Levels
Entry: 10.23 – The long position was initiated at this level, marking the start of a strong upward movement.
Stop-Loss (SL): 9.75 – Positioned below recent support to manage risk and protect against potential downside.
Take Profit 1 (TP1): 10.83 – The first target was achieved, confirming the strength of the bullish trend.
Take Profit 2 (TP2): 11.80 – Continued momentum pushed the price to this level.
Take Profit 3 (TP3): 12.77 – The bullish rally extended further, reaching this target.
Take Profit 4 (TP4): 13.37 – The final target, signaling a complete and highly successful upward move.
Trend Analysis
The price has consistently remained above the Risological Dotted trendline, affirming the strength of the uptrend. The bullish surge indicates strong market interest, supporting further upward moves, though all profit targets have been met.
The long trade on Wolfspeed performed exceptionally well, hitting all designated targets. The final TP4 at 13.37 reflects a robust upward trend, well-supported by the Risological Dotted trendline. The sustained buying pressure indicates that the bulls have maintained control throughout the move.
NASDAQ 100 Drops! Short Trade Confirmed, Eyeing First TargetThe NASDAQ 100 has confirmed a short trade with a strong bearish move below the entry at 20263.46. The price is progressing towards the first profit target (TP1), though it has not yet been reached.
Key Levels
Entry: 20263.46 – The short position was confirmed as the price broke below this level, signaling bearish momentum.
Stop-Loss (SL): 20378.68 – Placed above the recent resistance to protect against potential upside reversals.
Take Profit 1 (TP1): 20121.04 – The first target, not yet reached, but in close proximity as the downward trend continues.
Take Profit 2 (TP2): 19890.59 – The next target in case of continued bearish pressure.
Take Profit 3 (TP3): 19660.15 – A further downside target, aligning with the next support zone.
Take Profit 4 (TP4): 19517.73 – The ultimate profit target, marking a significant decline.
Trend Analysis
The price has broken below the Risological Dotted trendline, confirming strong bearish sentiment. The market is likely to move toward TP1 if the selling pressure continues. The downward momentum suggests further potential to reach deeper profit targets.
The NASDAQ 100 short trade is progressing well after confirmation, with TP1 at 20121.04 in sight. If the bearish trend holds, further downside targets are expected to be reached.
NASDAQ Channel Up with more room to rise.Nasdaq (NDX) eventually held the 1D MA50 (blue trend-line) and no significant correction took place, a development that should extend the uptrend within the 2-month Channel Up. Technically we are still on its Bullish Leg.
We have had two rallies so far within this structure the most recent +11.00% and the one before +15.50%. Assuming there is a declining rate on those by -4.50%, we can assume that the current one will peak at +6.50% from the October 01 Low, which is ideal as it gives a 20900 short-term Target exactly at the top of the Channel Up.
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Can the MAGNIFICENT 7 outperform once more?We have seen the Magnificent 7 (Apple, Microsoft, Google, Amazon, Nvdia, Meta, Tesla) underperform historically but since the start of the year this hasn't been as strong as previously (roughly +35% for M7 against + 25% for Nasdaq). The former can be seen on the left chart while the latter on the right. This goes so far against the aggressive nature of the Magnificent 7 (M7), which have outperformed Nasdaq on all previous rallied by around +50%.
In fact the M7's first major rally (2016 - 2018) rose by +140% while NDX's by +97%. The second major rally (2019 - 2021) registered +315% for MA7 and 'just' +185% for NDX. If there is any progression between them, we can argue that the current rallies will be even stronger. Of course the sample isn't big enough for solid conclusions and multi-year rallies can't keep getting stronger on each Cycle for ever.
What is reasonable to count on however, is that as the Fed stepped in recently and gave the market the first Rate Cut in years, a new Cycle of cheap money to invest with has started and we can expect rallies of equal strength with the previous ones. For M7 (+315%) that's $440, so around +60% from the current levels, while for Nasdaq (+185%) that's 30000, so around +47% from the current levels. Not an incredible difference considering the risk that highly volatile stocks like the M7 bear. This could be a sign that the market is shifting to other stocks during this Cycle and the M7 potential may be fading.
In any event, do you think the Magnificent 7 will start to outperform Nasdaq again and if so is this worth the risk than investing your capital on the 100 companies of the index?
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Nasdaq Awaits FOMC Impact, Key Levels for Bullish and Bearish Nasdaq Technical Analysis
The price is oscillating between 20,130 and 20,070, with a breakout likely given today's FOMC. A close of the 4-hour candle below 20,100 would reinforce a bearish outlook, targeting 19,990 and 19,860.
Conversely, if the price stabilizes above 20,190 by closing a 1-hour candle, it could rise to 20,280, with the potential to reach 20,440 thereafter.
Key Levels:
Pivot Point: 20100
Resistance Levels: 20280, 20440, 20710
Support Levels: 19990, 19860, 19620
Trend:
- Consolidation 20280 - 19990
- Bearish below 19780
- Bullish above 20280