Nasdaq to see a higher correction?NASDAQ - 24h expiry - We look to Buy at 12677 (stop at 12577)
Traded to the highest level in 30 weeks.
There is no clear indication that the upward move is coming to an end.
An overnight negative theme in Equities has led to a lower open this morning.
Bespoke support is located at 12677.
12682 has been pivotal.
Our profit targets will be 12927 and 12977
Resistance: 13025 / 13200 / 13350
Support: 12677 / 12655 / 12513
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Nasdaqsignals
NASDAQ BULL RUN?The bulls have taken over considering majority of technicals and recent fundamentals pointing at a price correction.
Due to APPLE releasing its new payment method and headset enticed bulls to push pice up, I still see the overall move being a SHORT but if the bulls continue pushing price higher up we could see 13033 really soon.
NASDAQ is Correcting - Don't Buy in Short Term
Technical Analysis:
- As you can see in the daily chart, in the very short term we've two possible paths - Path 1 and Path 2
- Today with actual data - the odds for Path 1 is 60% and the odds for Path 2 is 40%
- We expect to buy wave II in red completely around $8,000
Technical Analysis:
- H1 & H4 Right Side is Turning Down
NASDAQ broke below the 4H MA50. Pull-back possible.Nasdaq (NDX) broke and closed a 4H candle below the 4H MA50 (blue trend-line) for the first time in 2 weeks. With the 4H RSI not having touched its Higher Lows trend-line yet, this is an indication that the index might pull-back some more towards the 4H MA200 (orange trend-line) - 1D MA50 (red trend-line) Support Cluster (even as low as the Symmetrical Support), before finding the new demand zone for buyers. We are buying this pull-back and target the bottom of Resistance Zone 1 at 12895. The Higher High extension though can be much greater, even as high as 13,200 on the long-term.
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US100 SELLHello NASDAQ Market. Strong resistance arrived. There is a high probability of going down. for correction. Although the index remains in a positive state with the gains it achieved before .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Nasdaq breakdown Analysis 28/03/2023Dear traders Nasdaq respected previous setup and I suggest you to be patient this week we have some news that may ruin the market ..well as you can see in my chart nasdaq was bearish today the new weekly candle start bearish it may consolidate this week so above 12735 you’re good to look for buy and if price close below 12677 if till be change to sell good luck and trade safe
NQ1! NAS100 NASDAQ 2023 Mar 27 WEEK
NQ1! NAS100 NASDAQ 2023 Mar 27 WEEK
Nothing eventful last week at price was testing 12950.
No trades for indices last week as opportunity didn't happen
during my waking hours. Also the messiness on M30 &
lower TF.
Concern: Despite greater effort, progress from
H to H1 was only marginally higher, and price closed below
12950.
Possible scenarios:
1) Market test 13740 = long on retracement //
acceptance at 12950
2) False break of 12950 = short on rejection of 12950
Volume Analysis:
Weekly = Narrowing spread Ave vol up bar close off high
= non-trend changing minor
weakness
Daily: No Demand up bar = non-trend changing weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14361 13740 12950-12678
11921 11068-10710
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
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
FOLLOW, like , comment and share for more update
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: