NASDAQ hit the 6-month symmetrical Support. Potential rebound.In our last Nasdaq (NDX) analysis 10 days ago, we called for a short-term correction after the price already filled the Gap of Resistance 1 (12985) and started making Lower Highs:
Our target was the 6-month Pivot Zone, which is a symmetrical liquidity level, Support in early September and Resistance in mid November to mid December. In our analysis that is the ultimate test to prove that the Double Bottom of late 2023 was indeed a Cycle bottom.
The index hit today its 1D MA200 (orange trend-line) and within 3 weeks the 1D MA50 (blue trend-line) can potentially break above it, forming the first 1D Golden Cross since May 21 2020. The 1D RSI has a clear Higher Lows Support Zone, which is about to enter, so many indicators point to a rebound soon.
It is worth positioning ourselves earlier for a medium-term rally that will fill the next Gap on Resistance 2 (13750), though of course the 1W MA100 (red trend-line) needs to be considered as a Target too as it rejected the index back on August 16 2022.
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Nasdaqsignals
NASDAQ - GO LONG🚀The NASDAQ has broken a key structural level while trading in an uptrend. This development has made me bullish, especially since the retest of the level is now complete. This indicates that a bullish continuation is likely to follow, and therefore, I would recommend going LONG🚀 on the asset.
CME_MINI:NQ1!
NAS100 top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Nasdaq -> It Is Over For BearsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective, the nasdaq recently had a very bullish breakout, breaking above a long term downtrend line and also confirming a weekly double bottom.
Hence I am now just waiting for a deep retest of the neckline of the double bottom before I think that we will start the next bull market from here.
On the daily timeframe we already bounced of the support zone once, showing that there is definitely some buying pressure, so I am now just waiting for a second retest before we will then see the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NASDAQ Analysis (LONG BIAS)Hello all!
NAS100 is looking INTERESTING!
After a long sideways movement on this pair for the past week or so..
I have marked Liquidity and Imbalances, as well as my POIs of course! ;)
Will monitor LTF, wait for confirmation, and execute a LONG position targeting 13200!
Take care!
Nasdaq buyPeace be upon you, how are you, O merchants? There is a high possibility of a Nazdak market rally with the retesting of the canal. In the same place, there is the moving average 200 with a very positive candle. What do you think my friends
NAS100The NAS100 index appears to be bullish, as it has been displaying a consistent upward trend in recent times. This is largely attributed to positive market sentiment and a strong earnings season, which have contributed to the overall bullish outlook. Additionally, technical analysis of the NAS100 chart suggests a potential continuation of the bullish trend, further reinforcing the optimistic outlook for the index
Nasdaq -> It Is ConfirmedHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
In my opinion the Nasdaq will start the next bullrun in 2023. On the weekly timeframe we have three massively bullish indications, the first one being a double bottom, then a trendline break and also a bullish ema-crossover.
Considering this very bullish behaviour I am now just waiting for an opportunity to jion the next push towards the upside.
On the daily timeframe I am now just waiting for the market to break above the next resistance zone which at that point is turned support and then provide the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NASDAG SELLPeace be upon you, there is a high probability of a decline in the Nasdaq market, with a retest of the downward channel trend, the market is in a correction and will continue to decline. We will see 12400 and 12300 level
#NASDAQ- US100 Expecting This Massive Bearish Move!NASDAQ- We are yet to have another big bullish momentum, however, price needs to drop a bit in order for it to bounce for the last move. Longer term view is bearish as the fear of recession in US rising every day. Upcoming months will affect how Nas100 perform for current year.
Good luck and Stay Safe!!!
NASDAQ on its 1-month Support. Strong Buy.Nasdaq (NDX) broke yesterday below its 4H MA50 (blue trend-line) and is testing today the Higher Lows trend-line that started on the January 06 Low. This is the buy entry with the highest short-term probabilities of success. We clearly outlined this solid buy level on the 0.618 Fibonacci retracement level in our analysis last week:
As long as the Higher Lows hold, we are on a buy targeting 13400 (+9% rise which has occurred 3 times so far during that pattern). A break below targets the 4H MA200 (orange trend-line).
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Nasdaq -> Be Ready For The BullmarketHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
The Nasdaq and also all major US indices have been performing extremely well lately. I personally don't think that this is just a short covering rally, in my opinion, this could actually be the beginning of a new bull-market.
You can also see that from a weekly perspective we broke a lot of structure towards the upside and are also about to create a weekly double bottom, so everything is looking very bullish.
From a daily timeframe I am now just looking for a retest of the neckline of the double bottom, which is simply previous resistance turned support, and after this retest it is quite likely that we will see the next impulse towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NASDAQ 1st closing above the 1W MA50 in more than 1 year!Nasdaq (NDX) closed last week above the 1W MA50 (blue trend-line) for the first time since the week of January 10 2022, so effectively for more than 1 year. On this analysis we diverge from our usual 4H - 1D time-frame analysis such as the recent one below, and look into the bigger picture on the 1W time-frame:
Having broken two weeks ago above the Lower Highs trend-line of the Bear Cycle, this 1W MA50 closing last week is the last of the bullish confirmations we need to validate that the long-term trend has changed.
With the price however rejected on the 0.382 Fibonacci retracement level, we may see a short-term pull-back, especially since the 1W RSI hit the top of the Rising Wedge that is holding since March. The Support Zone is now within the 0.236 Fib and the 1W MA200 (orange trend-line). If however the index closes above the 0.382 first, we expect a structured continuation of the recovery to at least the 0.786 Fib by the start of Q3. See how almost perfectly the Fib retracement levels match key Resistance and Support lines of the Bear Cycle. The market should treat them as demand/ supply zone on the way up too.
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Nasdaq's journey post breakout/ rates to look out for 06.02.20232 possible scenarios:
1) Price continues to charge forward post big "falling wedge" pattern breakout up, targeting 15,300 as breakout target (equal distance of wedge width measured from breakout) with 12,800 "rising wedge" resistance broken this scenario will be confirmed.
13,600 is in the way and could be correction back down 12,200-300 once reached, or can charge above to 15,300 straight.
2) Price drops from "rising wedge" resistance at 12,800 and breaks below 12,200 "rising wedge" support, which could target lower to 10,800 which would be retest of "falling wedge" breakout and target of "rising wedge" breakout combined.
A lot depends on FED policy and market sentiment, suggestable action would be once "rising wedge" (12,800 to 12,200) breaks down or up, indicating a much more clear direction.
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Do your own research and always trade with caution.
I am here for any questions or comments, would appreciate any interaction A LOT!
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NAS100 OUTLOOK keeping a eye on nas at these levels after coming off a major pull back and making a lower high i want to see what price does around that 12500-12600 level if it holds we can start seeing another lower high which and another push down towards the 12100 level which is higher time frame orderblock area as well do keep in mind my biased is bearish at the moment due to the fact of lower highs and also a change of structure aka "choch" but doesnt mean we cant see a retrace up b4 coming down
now on the other hand if price breaks this 15 min orderblock we can see nas make a push towards 12600-12700 which is around the trend lines and also the pivot high for tomorrow so im watching as this develops just something to keep a eye on
NFP set to be Bearish, Here's Why 😉👇After some careful analysis I've come to the conclusion that the NFP may want to push the market into a downfall. The week has been quite bullish since the week started and a weekly significant high has already been taken, I believe it's time the market corrected some price imbalances it left out on the rush to the upside. The Fair Value Gap highlighted by that triangle is best visible from the 5 Min Chart to see where the idea is coming from.
Let's Play a Game, If I'm Right, You Follow... deal 🤝
Enjoy 😉
NOTE: NOTICED MY FIRST POST HAD 2 CHARTS OVERLAPPING, THIS IS A REPOST
NFP set to be Bearish on NASDAQ 👇😉, Here's WhyAfter some careful analysis I've come to the conclusion that the NFP may want to push the market into a downfall. The week has been quite bullish since the week started and a weekly significant high has already been taken, I believe it's time the market corrected some price imbalances it left out on the rush to the upside. The Fair Value Gap highlighted by that triangle is best visible from the 5 Min Chart to see where the idea is coming from.
Let's Play a Game, If I'm Right, You Follow... deal 🤝
Enjoy 😉
NASDAQ Pull-back started. Where to re-buy.Nasdaq (NDX) made a perfect pull-back and rebound following our most recent analysis and hit (even overextended) our 12530 target:
Since the rise has been that strong we are switching to a Fibonacci approach. The previous two pull-backs (almost) hit both the 0.618 Fibonacci retracement level before rebounding around +9.00%. From yesterday's High, the 0.618 Fib is at 12290. A contact with the 4H MA50 (blue trend-line) will further solidify it as a buy entry. Our buy target in that case will be 13370 (around +9.00% rise, which happened 3 times in January). Additionally, the RSI Buy Zone can also help to determine if that timing to buy is right.
This 1-month pattern will be invalidated if the price closes below the Higher Lows trend-line, in which case Nasdaq will seek the 4H MA200 (orange trend-line) as the long-term Support.
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Nasdaq -> The End Of The Bear MarketHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
The Nasdaq is currently creating a massively bullish weekly double bottom and with this weeks rally already broke above the neckline of the double bottom.
From a weekly perspective I am not just waiting for a retest of the neckline, which is then turned support and then I am definitely looking for the longer term continuation to the upside.
On the daily timeframe, my prediction of the last video analysis played out perfectly and this was also a very juicy trade for me personally. Now we are testing daily resistance, so I am just waiting for an opportunity to get short, to then capitalize on the short term retracement towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: