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Nasdaqtrading

NASDAQ: Potential correction to the 1D MA200.Nasdaq is on a bullish 1D technical outlook (RSI = 60.007, MACD = 103.260, ADX = 29.522) as since January 5th it reversed before testing the 1D MA50 and is near the R1 level (16,980). The last three 1D candles have been flat and with the RSI trading downwards (Bearish Divergence), it is a first sign of a potential technical decline. This is like the top pattern of July 18th 2023, also on an RSI Bearish Divergence. In accordance to that price action, we expect yet another decline under the 1D MA50, for a close test of the 1D MA200. Our target is at the top of the S2 Zone (TP = 15,800). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Short
by InvestingScope
NASDAQ: Breached the 4H MA50. Sell signal.Nasdaq just crossed on the current 4H candle under the 4H MA50, which has been the short term Support since December 8th. Even though it turned neutral on its 4H outlook (RSI = 45.004, MACD = 31.260, ADX = 51.152), 1D remains bullish (RSI = 65.645) so a potential decline will serve as a technical pullback inside the seven week Channel Down. The 4H RSI is already on a Bearish Divergence much like it was on the last Bearish Leg of November and a candle close under the 4H MA50 will validate the sell signal. Our target is the bottom of the Channel Up on an expected -2.88% decline (as the previous one) and potential contact with the 4H MA200 (TP = 16,480). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Short
by InvestingScope
2
NASDAQ: Channel Up soon to test the ATH.Nasdaq is almost overbought again on the 1D technical outlook (RSI = 69.937, MACD = 245.100, ADX = 36.889) but that shouldn't affect it much as it is trading on the lower band of the November Channel Up. Leg 1 of the bullish sequence that made the Nov 15th HH extended to the 2.382 Fibonacci level. As the 1D RSI is identical to that Leg and shows that we are roughly halfway there, we remain bullish aiming again at the 2.382 Fib extension (TP = 16,840) which is marginally over the All Time High of 16,780. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
NASDAQ: Healthy pullback serving as end of year rally vessel.Nasdaq is pulling back today after the 1D MACD formed a Bearish Cross and the 1D technical outlook turned neutral (RSI = 54.419, MACD = 183.360, ADX = 45.724). This has so far achieved at offsetting the previous overbought condition on the chart. Technically it can be a HH rejection on a newly emerging Channel Up. This can serve as a buy opportunity either on the S1 level or if it is extended on the S2 and the 1D MA50 for the end of year rally. Our target is the ATH (TP = 16,775). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100
by InvestingScope
1
NASDAQ: Final phase of rise is starting. Santa's rally.Nasdaq has been rising since October 26th and the bottom on the HL trendline of the year long Channel Up. The 1D technical outlook is bullish after turning overbought on Monday (RSI = 68.584, MACD = 265.250, ADX = 67.453). So far its structure is much like the rise at the start of the Channel Up during the whole month of January. That one peaked on the 1.5 Fibonacci extenstion from the last LH, while the 1D RSI turned flat above the overbought margin and reversed. However the 1.5 Fib made a +20% rise. The November rally is already fractionally over the 1.5 Fib with the RSI also reversed after being overbought but the +20% extension is far from being completed. It will be done at 16,870. Consequently if we don't get a strong rejection by Monday (tomorrow is early close), we will buy any 1D candle closing over the 1.5 Fib and aim at near +20% (TP = 16,850). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100
by InvestingScope
1
NASDAQ Rebounding on the 1D MA200 and targeting 15,000Nasdaq is trading inside a Channel Down since the July High and is naturally on bearish 1D technicals (RSI = 39.169, MACD = -233.06, ADX = 37.454). This is a buy opportunity though as the price is rebounding today after making a LL bottom almost on the 1D MA200. That is a long term Support level, being unbroken since March 13th. The second bottom indication is given by the 1D RSI which hit and bounced from inside the S1 Zone, as both previous bottoms have. Every rebound rose almost as high as the 0.786 Fibonacci level to make a LH top. Consequently we turn bullish and target that Fib level (TP = 15,000) which is slightly over the 1D MA50. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
NASDAQ MACD deciding the rebound.Nasdaq is having the strongest two day stretch since October 6th, turning around the 4H timeframe from vastly oversold to nearly neutral (RSI = 41.141, MACD = -139.060, ADX = 43.205). If the 4H MACD completes the Bullish Cross, it will be on the same low level as September 24th and August 21st, which where both Lows of the Falling Wedge pattern. If it fails to be formed, we will hold huying until the price reaches the LL trendline at the bottom of the Falling Wedge. In either scenario our target is the LH trendline of the Falling Wedge (TP = 15,150). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
NASDAQ: Golden Cross and a Channel Up combined.Nasdaq formed a Golden Cross on the 4H timeframe today while turning bearish on the technical outlook (RSI = 40.347, MACD = 7.500, ADX = 49.160). This means that as it approaches the bottom of the Channel Up, it becomes an oversold buy opportunity. The former bullish wave targeted almost as high as the 2.0 Fibonacci extension. Our target this time is also a little lower (TP = 15,700). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
NASDAQ: Will it reverse to Bull or downtrend will make a new LowNasdaq is on two conflicting patterns on the short and long term. The Bullish Megaphone that drove it out of the Bear Cycle after the late 2022 Triple Bottom is still holding and closed last week with an emphatic rebound but at the same time so is the short term Falling Wedge that started the correction on the July 19th High. This conflict and medium term balance is why the 1D technical outlook is neutral (RSI = 48.115, MACD = -63.170, ADX = 38.959). The 1D RSI may have held August's Support and we could have a Triple Bottom since June, not much different than the late 2022, but it is the 1D MA100 that will make all the difference. A two 1D candle close over it, will amplify the probabilities for a break of the Falling Wedge and long term bullish reversal, in which case we will target the 1.382 Fibonacci extension (TP = 16,050). If we don't see such 1D MA100 closing pattern, we will stay bearish, gradually aiming for the 1D MA200 (TP = 14,350). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100
by InvestingScope
10
NASDAQ: Can hit 17,000 if the 1D MA50 breaks again.Nasdaq remains bearish on the 1D timeframe (RSI = 40.412, MACD = -138.180, ADX = 35.654) but it is on the HL trendline, the supporting trendline that emerged on the December 28th 2022 low. According to the 1D RSI, comparisons can be made with the September-October 2020 consolidation fractal around the 1D MA50, following the COVID recovery. After the 1D MA50 got crossed over for the second time, the index went on to reach the 1.786 Fibonacci extension level before the next consolidation. If the HL holds and the index breaks over the 1D MA50 again, we will have a strong long term bullish case in our hands and target 17,000 (Fibonacci 1.786). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
NASDAQ Trade Signal NASDAQ Trade Signal Timeframe: 15-Min #Forex #NDX100 #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #NASDAQtradingsignal #NASDAQ #USTECH Hey traders! 👋 Let's dive into a potential trading opportunity on the NDX100 pair using technical analysis. 📊 📉 Previously Bullish Trend: Firstly, on the 15- timeframe, we've been witnessing a Bullish trend in the NDX100 pair. 🐻 🔄 Divergence on HH (Higher High): However, it's crucial to note that recently, we have started to observe a divergence pattern on the HH (Higher High’s). This is an important signal that the Bullish momentum might be weakening. 📉🔄 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bullish bias. 📈 Buy Level \ Entry Price: 14807.50 🎯 Stop Loss Level: 14860.4 🚀TP1: 14755.7 🚀TP2: 14702.9 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favor! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal
SKILLING:US100Short
by TradingwithBelieve
NASDAQ: Below the 1D MA100 after 8 months! Attention needed.Nasdaq crossed under the 1D MA100 today for the first time since January 20th (exactly eight months) with the 1D technicals turning bearish (RSI = 38.504, MACD = -53.900, ADX = 32.187). Following a much more hawkish than expected Fed yesterday, the market is taking this opportunity to take profits on a relief pull-back after what was basically a non-stop rise throughout the year. From a purely technical perspective, the pattern that has the most probabilities to emerge is a Channel Down. Assuming a perfect symmetry on its LL legs, we expect the current wave to be the bearish leg that will take it on a -8.72% decline to the bottom of the Channel Down. We will sell as long as today's candle closes under the 1D MA100 and target a little over S2 (TP = 14,300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Short
by InvestingScope
1
NASDAQ: This is the buy signal you're looking for.Nasdaq is on a neutral 1D technical timeframe (RSI = 54.797, MACD = 35.170, ADX = 44.268) as it remains below the LH trendline within the 4H MA50 and 4H MA200. Only yesterday did it make a HL at the bottom of the short term Channel Up. We don't know if that will be enough to sustain this bullish trend but the price managed to close over the 4H MA100 again (holding since August 29th). However if the price closes above the LH trendline it will confirm the bullish trend much like it did on August 23rd. The 4H is on a Bullish Cross so we will be ready to buy this breakout. The target will be the top of the Channel Up at a +5.56% maximum extension (TP = 16,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100
by InvestingScope
5
NASDAQ: Aiming at 16300 after this short consolidation.Nasdaq is on the fifth day of consolidation in a row, with the support of the 1D MA50. The 1D timeframe is on bullish technicals (RSI = 57.978, MACD = 55.620, ADX = 42.134) as the Channel Up since the start of the year is still intact. In fact the recent Bullish Cross on the 1D MACD has print a similar pattern to the March 13th bottom on the HL trendline of the Channel Up. Consequently, this consolidation is similar to the 10day one from March 17th to 28th, both over Fibonacci 0.618. We consider this a buy signal, and we aim a little lower than the 1.382 Fibonacci extension (TP = 16,300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
4
NASDAQ: Entering a consolidation zone.Nasdaq got rejected again on the 4H MA50 and as the 4H timeframe turned neutral (RSI = 49.851, MACD = -15.090, ADX = 34.425), it is highly likely to see the index entering a consolidation/ accumulation phase similar to April's and June's. Depending on its length, it may even create a new, less aggressive Channel Up. The key for the uptrend to be maintained is to hold first the 4H MA200 and second the 1D MA50. We will buy once the price hits the bottom of the Channel Up and target its top (TP = 16,400). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100
by InvestingScope
6
NASDAQ: Approaching Target 1. Pullback and buy for the 2nd.Nasdaq maintains the four month Channel Up and despite the technically overbought 1D timeframe (RSI = 72.574, MACD = 282.680, ADX = 39.484) it shows no signs of pulling back. We will make the most out of this very aggressive trend. Our target from the previous analysis remains near the R2 (TP1 = 16,000) and after a pullback as on May 24th, we will buy again and target the R3 (TP2 = 16,690). We will stop buying the pullbacks after both of the following conditions are met: the price crosses under the 4H MA50 and the 1D RSI under its HL trendline. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
3
NASDAQ: Last drop before the rally.Nasdaq is on the 4th red 1D candle in a row with 4H technicals turning bearish (RSI = 42.946, MACD = -13.870, ADX = 40.063) while the 1D RSI is testing the HL trendline for the 4th time since December 28th 2022. If it crosses it, we will have a first bearish warning that the 4H MA50 may break for the first time since April 25th, where we will sell and target the 1D MA50 (TP = 14,500). For as long as the 4H MA50 holds though, we will buy and target the R1 firstly (TP = 15,250) and the R2 (TP = 16,000) secondly. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100
by InvestingScope
1
NASDAQ: Hasn't yet completed its technical pullback.Nasdaq has been pulling back since the June 16th High, which was a HH on the Channel Up pattern, but this sequence isn't yet completed. The 1D time frame remains technically bullish (RSI = 62.049, MACD = 275.090, ADX = 32.676) but the price hasn't yet reached neither the bottom of the Channel Up nor the 4H MA50. We remain short targeting that level (TP = 14,600) where we will turn bullish again (TP = 15,250) unless the 1D candle closes under the 4H MA50, in which scenario we will re-sell and target the 1D MA50 (TP = 14,300). The 1D RSI however made a hit and rebound on the HL trendline that is in effect since December 28th 2022, so it is possible to see a rebound without going lower, so in that case only buy after the R1 breaks and target the R2 (16,000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Short
by InvestingScope
13
Nvidia will be necessary to step out of the relatively high triaNvidia will be necessary to step out of the relatively high triangle This chart shows the weekly candle chart of Nvidia shares over the past year. The graph overlays the high and low points of November 2021 and October 2022, along with the corresponding golden section. As shown in the figure, the high points of Nvidia shares last week and this week were suppressed by 1.382 of the golden section in the figure! Nvidia's stock has accelerated since the middle of May 2023, and obviously the bull momentum has been released! In the future, it will be necessary to step out of the relatively high triangle and organize it before continuing to exert upward force!
NASDAQ:NVDA
by Think_More
NASDAQ: Correction aiming at the 4H MA200.Nasdaq reached the R1 (15,300) last week, a highly important benchmark as it is the March 2022 Top. Being overbought on the 1D timeframe (RSI = 71.117, MACD = 398.240, ADX = 42.100), the current correction comes as a natural consequence. The target is the bottom of the three month Channel Up. Ideally we aim at the 4H MA200 (TP = 14,600), which has been previously tested and held as Support on May 4th and April 25th. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Short
by InvestingScope
6
NASDAQ Rejection on March 2022 High gives a strong sell signalNasdaq got rejected exactly upon touching the 15285 Resistance for the first time since the High of March 29th 2022. This is a strong sell signal and can be confirmed after the RSI (1d) crosses under the MA line. The long term pattern is a Channel Up since the beginning of March and the MA50 (1d) has been intact since March 15th, which makes the index exceedingly overbought. Trading Plan: 1. Sell after the RSI (1d) crosses under the MA (white line). Targets: 1. 14300 (Channel Up bottom and near Support 1). 2. Extend to 13520 only if we close a (1d) candle under the MA50 (1d). Tips: 1. The RSI (1d) is printing a pattern similar to the tops of February 2nd and March 31st. Both reached the 1.618 Fibonacci level, which was our target on our last Nasdaq call (see chart below). 2. If we do break below the MA50 (1d), the MA100 (1d) could be a valid target as it has been untouched since January 20th. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US100Short
by TradingBrokersView
12
NASDAQ The weekly charts tells you what you need to knowNasdaq / US100 is approaching today Resistance A (15280), which is the High of March 2022. The pace of the rally since the start of the year has been so strong, in fact since the week of April 24th the index has posted only green weekly candles (8 today), that the 1week RSI reached a level (76.75) it last hit almost 2 years ago (on August 24th 2020). In the last 6 years, every time the 1week RSI hit that level, Nasdaq made a top and corrected either immediately or in a few weeks. On all those times, there was a clear Support Zone for the RSI to place your buys (47.90 - 52.90). Also on all cases the price corrected to at least the 1day MA50. This isn't primarily an invitation to sell what is obviously a bullish trend but rather take some profit of the index (or shares) in order to lay off some risk and enter again at a better price as suggested by the 1week RSI and the 1day MA50. Our long term target is the 16840 All Time High (Resistance B) by December. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US100
by TheCryptagon
2
NASDAQ: Approaching the March 2022 High on Fed week.Nasdaq is having an enormous rally since last December and the Double Bottom, with even the 1W time frame turning massively overbought (RSI = 74.522, MACD = 645.290, ADX = 53.716). The Double Bottom was formed on the Zone of the All Time High before the COVID crash. The market has filled a massive gap and this is why it has been rising so aggressively since the start of the year. History has shown that overbought levels can extend rallies for a short while before pull backs. The Resistance ahead of us is R1 (15,280) and the Fed Rate Decision on Wednesday will be critical for the trend of the next 4-5 weeks. A closing above it can target the ATH regardless of the massively overbought technicals. A rejection can start a medium term decline near the Demand Zone. That would be the new entry point for long term investors. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:NDX
by InvestingScope
14