Price Movement Expected For Next Week 2/21/2023I think we are in a ABC correction and we are currently in C wave down with minor 5 waves. I expect the prices to reach around $4000 next week.
NASDAQ 100 CFD
US100 LongLooks like there is a beautiful setup. CME_MINI:NQ1! , CURRENCYCOM:US100 & NASDAQ:NDX is forming a bull flag. Break of the pattern can take us to 13600 area. With CPI numbers coming tomorrow, it would be interesting to follow.
Entry: 12500
Stop Loss: 12300
First profit Target: 12800
Second Profit Target: 13100
Final Profit Target: 13600
With regards to stop loss, I would wait for a 2hr candle to close below 12300.
NASDAQ under its 4H MA100. Big selling extension.Nasdaq crossed under the 4H MA100 line that was intact for more than 1 month and turned the 1D time frame neutral (RSI = 53.616, MACD = 239.030, ADX = 26.220). The 4H RSI is breaking under its Rectangular bottom also and the index should now follow downwards inside the greater pattern, which is a Bearish Megaphone.
We are aiming at the 4H MA200 (TP = 11,950) and once the price bottoms our on S1 and the bottom of the Bearish Megaphone while the 1D MA50 holds, we will go long aiming at the LH Zone of the Megaphone (TP = 12,450).
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Buying NASDAQ at previous swing low.NASDAQ - Intraday - We look to Buy at 12272 (stop at 12200)
Selling pressure from 12744 resulted in all the initial daily gains being overturned.
An overnight negative theme in Equities has led to a lower open this morning.
A Fibonacci confluence area is located at 12272.
Intraday signals are far from strong.
Dip buying offers good risk/reward.
Our profit targets will be 12448 and 12488
Resistance: 12362 / 12500 / 12744
Support: 12272 / 12200 / 11855
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The fourth (BIG) drop is setting up nicelyNDX is overbought and is ready to drop
The momentum has turned sour
Weekly and Monthly moving averages are providing strong resistance
The pattern repeats for every drop and is repeated now
Based on models from 2001 and 2018, we are primed for the 4th drop
The 4th drop is the most significant and will easily take NDX below 10,000
I predict the final bottom will be July 2023.
Not financial advice - trade at your own risk
Catching Nasdaq on stem dips.NASDAQ - Intraday - We look to Buy at 12404 (stop at 12293)
Posted Mixed Daily results for the last 9 days.
An overnight negative theme in Equities has led to a lower open this morning.
A sequence of intraday higher highs and lows has been posted.
Bespoke support is located at 12383.
A Fibonacci confluence area is located at 13347.
Our profit targets will be 12688 and 12738
Resistance: 12700 / 12820 / 13347
Support: 12383 / 12201 / 11845
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NDX is trading in Supply zone for 2nd week nowThe main resistance is at 12805 to 12900
There is an extension to 13500, in case it wants to extend.
Biden is travelling to Poland on the 20th, and it's a long weekend.
There are some rumours about Poland attacking Belarus before the 25th.
Something big is coming from now till July of this year.
This high in Feb/Mar might be "the high" for the year...
Have a great week
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:
💾 Nasdaq | Many Bullish Signals (My Prediction: War Over?)The Nasdaq Index Chart (NDX) produced several bullish signals...
Let's have a look...
Bullish cross of EMA100 and EMA50.
Major downtrend coming off December 2021 broken.
Dragonfly Doji at support two days ago.
Reconquered EMA300...
Never mind that, pretty boring.
Something more interesting, how far up will it go?
It is so good that it looks unbelievable, 15,700+...
Just to be conservative, 14,480.
Will the war be over?
That's the only piece of news event that I can think of that will support all this bullishness that I am seeing across the charts.
Somehow Russia will announce a withdrawal from Ukraine and this news will create major positive euphoria around the world. That's my prediction.
Namaste.
NASDAQ Potential short-term correction. The Double Bottom's testNasdaq (NDX) broke above its 4H MA50 (yellow trend-line) today but following the U.S. CPI (higher than expected) is giving up the initial gains. We are closing the buy we made last week (as shown below) exactly at the short-term bottom on the Higher Lows trend-line in order to secure the short-term profit:
A closing below the 4H MA50 will be the first sell alert, confirmation of which would be a 1D candle close below the 4H MA100 (green trend-line) which has been supporting since January 10. The 1D MACD is already on a Bearish Cross. In that case we expect to see a test of the 1D MA50 (blue trend-line) inside the Pivot Zone.
That is the Zone that has made the most lows (rebounds) and highs (rejections) since September 2022. That would be the true test of the Double Bottom pattern formed on December 28, and if it holds, we expect a rebound towards the 1W MA100 (red trend-line).
It is interesting to point out the amazing symmetry of this pattern. As you see, Nasdaq already filled the first Gap on February 02 (from Resistance 1) and the next one is at 13750 (Resistance 2) slightly above the 1W MA100.
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TESLA $TSLA - Feb. 13th, 2023Tesla $TSLA NASDAQ $NDQ $NDX US100
BUY/LONG ZONE (GREEN): $208.41 - $234.10
DO NOT TRADE/DNT ZONE (WHITE): $187.63 - $208.41
SELL/SHORT ZONE (RED): $113.06 - $187.63
Weekly zone from Mon. May10th, 2021 drawn to Tue. Feb. 21st, 2023.
Multiple touches on zone on weekly chart occurring on weeks of:
Monday May 24, 2021,
Tuesday June 01, 2021,
Monday June 21, 2021,
Tuesday July 06, 2021 through Monday July 26, 2021,
Monday August 16, 2021, and then not again until
Monday May 16, 2022,
Monday May 23, 2022,
Monday June 13, 2022,
Tuesday July 05, 2022,
Monday October 10,2022 through Monday October 24, 2022, and lastly
Monday February 06, 2023
Weekly level for current structural low at $113.06 (weeks of Tuesday December 27, 2022 through Tuesday January 03, 2023).
Zone drawn on 4H - Prices $178.07 - $187.63
Bottom zone level comes from bearish candle open on Monday January 23, 2023 09:30 ($178.07).
Top zone level comes from bullish long-legged doji candle close on Monday February 13, 2023 09:30 ($187.63).
Daily structural level (price $159.64) from bearish candle open on Friday December 16, 2022, confirmed on Thursday January 26, 2023 (bullish daily long-legged doji).
The next zone to look at in the event of a breakout is $234.10 (bottom level) - $238.56 (top level).
SIDE NOTE: If NASDAQ closes green this week it will be the second bullish indicator after the four consecutive candles (turned into five consecutive after bullish mark) and weekly structure break from weeks of Tuesday January 03, 2023 through Monday January 23, 2023.
Blue chartings are from weekly timeframe and above.
Yellow chartings are from daily timeframes and below.
Technical analysis only, does not factor in real world events or fundamentals.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
NASDAQ Testing the 4H MA50 as ResistanceNasdaq has had a strong rebound today, exactly on the HL zone of the January 6th Low. The 1D time-frame remains bullish (RSI = 60.492, MACD = 260.010, ADX = 29.305) and as long as the 4H MA100 holds every dip on the HL Zone is a buy opportunity.
However the Channel Down since the top is more than obvious and in addition, this is the first test of the 4H MA50 as Resistance in 3 weeks. Ahead of the U.S. CPI report tomorrow, we will only trade short term on Nasdaq.
Above the Channel Down we are buying (TP = 12,890), within the Channel Down we are scalping and below the 4H MA100 we are selling (TP = 11,850) to Support 1 and the 4H MA200.
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Possible Movement After CPI 2/14/2023Possible price movement going towards the CPI data on Feb 14th, 2023. Good luck trading!
Dollarization Will Push US Stock Market To Levels Never Seen...Everyone is talking about de-dollarization but nobody is talking about dollarization. This is part of IMF's plan to dollarize the world and change the name to "One World Currency". The future is much brighter than a lot of people think. We are heading towards a world where stock markets around the world is going to do very well due this one world currency. Boarders and barriers between countries are going to taken down where we start treating the world as one country. Any person with clean record can travel wherever they want with no restrictions. Also no barriers in world trades which will bring world's economy to levels we never witness. I see a much brighter future ahead...
Possible Price Movement For S&P500 Week Of 2/13/2023...Major bounce on Monday is likely and a major price drop on Tuesday is also likely... Happy trading!