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NASDAQ 100 CFD

NASDAQ Its weekly Pivot closing determines the long-term trendLast week we looked into Nasdaq (NDX) from a 1D perspective, giving emphasis on the important of the 1D MA200 and 1D MA50 as Supports, giving emphasis on the Pivot Zone involved since September: It is important now to show you why this level is important for the long-term, this time on the 1W time-frame. As you see on the current chart, despite last week's sell-off, Nasdaq closed its 1W candle exactly on the Weekly Pivot line. This is the line that separates the bullish from the bearish trend. As long as the price closes above it, the trend is bullish and vice versa if it closes below it, the trend is bearish. It is therefore critical to see where the 1W candle will close tomorrow. The 1W RSI shows us a steady rise, indicating that we are technically outside of the Bear Market. The October - November Double Bottom managed to fil the 1st Gap on Resistance 1 (12885) and if the 1W candle closes above the Pivot line, we expect this pattern to fill the Gap on Resistance 2, but as with our usual low risk approach, we set a Target lower on a potential 1W MA100 (red trend-line) contact at 13360. If the 1W candle closes below the pivot, expect the 1W MA200 (orange trend-line) to be tested and then the lower symmetrical Support at 11280. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
3
NASDAQ: Double Bottom or Death Cross?Nasdaq is holding the 11,900 Support and so far that is a Double Bottom, which is a bullish signal. However, we are only a few hours before the 4H MA50 crosses under the 4H MA200 and forms a Death Cross. As the 4H RSI is on a Channel Up and 1D technicals neutral (RSI = 44.490, MACD = 47.620, ADX = 28.820), we give slighlty more probabilities the the Double Bottom prevails. However the 1D MA50 needs to hold, if crossed the trend changes to bearish. Short-term TP1 = 12,220 (under R1), medium-term TP2 = 12,450 (under Lower Highs Zone). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
ULong
by InvestingScope
2
NASDAQ Inverted Head and Shoulders forming the bottomNasdaq is near the MA50 (4h) after 2 weeks of bearish trading. The long term pattern is a Bearish Megaphone. It may be completing an Inverted Head and Shoulders pattern, which is a bottom pricing formation. Trading Plan: 1. Buy when the price crosses above the MA50 (4h). Targets: 2. 12480 (under the bottom zone of the Bearish Megaphone and inside the Fibonacci 0.5 - 0.618 Zone that was a Support before). Tips: 1. The RSI (4h) has been rising inside a Channel Up, indicating a Bullish Divergence. Please like, follow and comment!!
CAPITALCOM:US100
by TradingBrokersView
2
$DJI call was spot on, bounce so farWent back to basics last week Loaded up on $DJI, specifically $UDOW Will unload as #DJI closer to resistance, red dotted FUD to lower #stocks #crypto Then buy the sellers CLOCKWORK, media is GREAT contrarian indicator --- THIS WAS POST LAST WEEK $DJI What do you see? (Was a CHANNEL & $SJI close to support) IMO RISK REWARD entry point good here if we close above the dotted line $NDX doesn't look as good but will likely follow More POVs for $BTC #BTC Up & Sideways Channels = both good 4 bulls #crypto
DJ:DJI
by ROYAL_OAK_INC
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:
NLong
by basictradingtv
56
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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CME_MINI:NQ1!Long
by TradingShot
2
US100 ShortLooks like a good Short opportunity on CURRENCYCOM:US100 , NASDAQ:NDX , CME_MINI:NQ1! , NASDAQ:QQQ Tripple top + strong resistance from the sell zone + a break of the blue trend line. Would like to see some retracement to 12400 to enter. Risk reward to this trade around 2.5 Entry: 12400 First Target: 12050 Final Target: 11850 Stop loss: 12650 I would like to see a green close above 12650 on a 2hr timeframe for the stop loss. Please let me know your thoughts. Thank you
UShort
by AS_Futures_FX
NASDAQ Drop can extend to MA200 and then reboundNasdaq is trading inside a Bearish Megaphone. The MA50 4H has been established as Resistance. The price uses as Supports the Highs and Lows during January's uptrend. Trading Plan: 1. Buy on the MA200 4H and next Low Support confluence. 2. Sell on the MA50 4H. Targets: 1. 12300 (MA50 4H). 2. 11850 (next Support and MA50 1D). Tips: 1. The RSI 1D is inside a Channel Down and oversold. Adding buying pressure. 2. Observe if the Fibonacci retracement levels can be used as Support levels. Please like, follow and comment!!
CAPITALCOM:US100
by TradingBrokersView
2
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:
FX:NAS100Long
by basictradingtv
66
NASDAQ Much needed technical correctionAccording to wider time frames like the 1day, the correction that Nasdaq started is a technical (after hitting the Rising Resistance) and a much needed one as it hasn't tested the 1day MA50 in 1 month. The RSI staying under the MA reminds us of the patterns that started the August and April sell structures. The market is now out of the Bear Cycle so the correction doesn't have to be that dramatic but technically it 'requires' to meet certain levels nonetheless. The 1day MA50 is the first with the white bold Support the second, consistent with both prior sell structures. The lowest risk of course in terms of RSI is its Support around the 30.00 mark. If those don't happen until the upcoming 1day Golden Cross, we are entering buys nonetheless. 13600 is our Target, straight inside Resistance A which consists of the August 16th and April 26th Highs. Follow us, like the idea and leave a comment below!!
CAPITALCOM:US100Short
by TheCryptagon