Nasdaqsignals
MY MID-TERM TAKE FOR NASDAQ100Following a double-bottom(W) pattern formation after a BEARISH move, I do believe that this asset will rally up gradually for a while.
The yellow line indicate my bias on how this asset is likely going to move with my TP target at the height of the Left arm of the W-pattern
If the asset eventually retrace down to activate my entry, my Risk/Reward ratio will be 6.6
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NASDAQ This trend-line is holding the uptrendNasdaq (NDX) has been rising since the March 13 Bottom on a Higher Lows trend-line and is near Resistance 1 (12750). The RSI is also on Higher Lows. If that trend-line breaks, which is highly likely with the upcoming Fed volatility tomorrow, we expect a test of the Symmetrical Support (12205) and the 1D MA50 (blue trend-line), before a new rebound that will test Resistance 2 (12895).
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BREAKDOWN ANALYSIS NASDAQ 21/03/2023dear traders Nasdaq today was failed to create new high or new low it was in trading range so as you re see in chart above 12594.7 you’re good to buy and if he rejected below 12565 it may be a chance to sell
trade safe
NASDAQ flipped the Bear Cycle and the 1D MA200 is now supportingNasdaq (NDX) rebounded yet another week on the Bear Cycle Lower Highs trend-line and has recovered all the losses of the previous three. On top of that, this is the 7th straight 1W candle close above the 1D MA200 (orange trend-line), which as you see on this 1W chart, it was been the Resistance during the 2022 Bear Cycle, having closed all 1W candles below it since January 17 2022.
The 1D MA200 is now the Support once again, as it was during the 2020-2021 Bull trend and especially the last four 1W candles have been supported tightly. With the 1W RSI on Higher Lows since May 16 2022, basically an early signal of the current trend-change, we can claim that the new Bull Cycle has just only started.
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Nasdaq -> Ready For The BullrunHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is currently retesting a quite obvious weekly support/resistance area which is turned very strong support once again.
You can also see that we recently broke above a down-trendline, created a double bottom and had a bullish ema-crossover, which are all very bullish signs, so from a weekly perspective I just do expect the continuation towards the upside.
On the daily timeframe however you can see that we are currently creating bearish market structure, so I am now just waiting for a bullish break and retest of the next resistance zone, before then also the daily timeframe looks quite promising for the next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
nas100 short tradelooking at RR I got a short entry level which im not going to miss . market is giving us impulse correction setup .. ride along 300 points drop will do me good
NASDAQ Forming the 1st 1D Golden Cross since May 2020!Nasdaq (NDX) hit our first target (12370) on last week's analysis and as the condition for the next one wasn't fulfilled (closing a candle above Resistance 1 (12230)), we didn't re-buy:
This week comes with even stronger technical news as despite yesterday's Powell driven rejection, the index is about to form a 1D Golden Cross, the first since May 22 2020! That alone is a major bullish signal for the long-term and as even the 4H MA50 (red trend-line) is supporting, we are buying again with Target 1 being the same (12370). As mentioned previously, if a candle closes above Resistance 1, we will enter another buy targeting 12740 (slightly below Resistance 2).
Note that even though this is a Channel Down pattern since the February 02 High (see how perfectly all candles have closed within the pattern), it is the 1D Golden Cross as well as the Higher Lows on the 1D RSI that are making us believe a bullish reversal is emerging.
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NAS100USD ShortThe price touched the lower trend line of the falling channel and I am convinced the price is building a bearish momentum.
My entry price is 11800, just lower than the current lower low, and I have used pullback strategy to place my entry position.
My stop loss is at 12000, just above the current resistance zone. I am targeting a 1:3 R:R , so I will place my target at 11800.
Remember, only risk 1 - 2% of your account!
NASDAQ making a bullish reversalNasdaq (NDX) held the 1D MA50 (red trend-line) as Support and rebounded just before touching it. The bullish break-out confirmation came after the price broke and closed above the 4H MA50 (blue trend-line) for the first time since February 16.
The medium-term pattern remains a Channel Down on a 4H Death Cross, so attention is require and short term targets after confirmed break-outs. If the price closes above Resistance 1 (12230), target the top of the Channel Down at 12370. If then it closes above Resistance 2 (12385) also, we can take a longer buy targeting the Double Top Resistance (red) at 12740.
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NASDAQ Next Move Pair : US100 - NASDAQ
Description :
Bearish Channel as a Corrective Pattern in Long Time and A Breakout of the Upper Trend Line
Divergence
Break of Structure
Rejecting from the Demand Zone and Retracement Completed
Completed " 12345 " Impulsive Wave and Making its " A - wxyxz " Corrective Wave
NAS 100After breaking the trend line with a higher slope and breaking the resistance of the B pattern in the range of 12246, it touched two targets in the range of 12052 and 11898. Currently, to reach the third target of D3-11631, the resistance of D2-11898 must be broken.
In general, the trend can decrease to the range of the trend line with a low slope. But the conclusion after the above 3 targets is the best option ahead.
Nasdaq -> The Time Has ComeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Nas100 is currently retesting a quite obvious weekly previous resistance area which is now turned very strong weekly support.
In confluence with a recent trendline breakout and also a bullish ema-crossover I do expect at least a short term rejection away from this quite important weekly structure zone.
On the daily timeframe we are also now retesting a previous daily support area which is turned support again, so if we get some more bullish confirmation it is quite likely that we will see at least a short term rejection towards the upside from here.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: