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 100 CFD
💾 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!
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 Important Levels NDX at the moment is bouncing between the long term BEar trend reversal FIB golden zone
If we see NDX going above 13500 that will confirm the Bear trend reversal and the return of the bull market will be confirm
Until then the next support is at 11500 . If it goes below 11500 then next strong support is 10800/10500 levels which can be idea for making entries
Any thing below 10800 levels means the Bear Trend can continue downwards
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 On its 4hour MA50! Buy!On a one month frame this is the best buy opportunity on Nasdaq as it made contact with its 4hour MA50. Since the January 6th low that started this uptrend, the 4hour MA50 has been the most optimal level to buy.
Rises of +6% have been the most common throughout this uptrend so that's our expectation, even though we set as always our Target a bit lower at 13100. The Channel's Buy Zone is within the white layer, so there is still some room to go lower. In that case we will adjust the +6% and Target accordingly.
The RSI has also entered its Buy Zone.
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SPX | The RSI WarningRelative Strength Index, is one of the most famous indicators. If analyzed correctly it can show us warnings very early on.
Look at this period between 2010-2014 for USOIL
Price is supported by a very wide ribbon, while RSI is under significant resistance. When we are talking about such wide timeframes, RSI action is VERY important. One could say that RSI analysis is more important than price analysis.
On to the protagonist, SPX...
While price is under WIDE support, RSI shows the oncoming weakness.
After the recession, this is the confirmation that we reached a bottom.
Onto todays outlook:
Tread lightly, for this is hallowed ground.
-Father Grigori
Microsoft has likely put in a near term topMicrosoft just provided an epic sell signal to the market.
The extreme reversal on volume after MSFT was up 3% and closed the session negative is indicating the sellers are emerging.
If the second largest company has put in a near term high, we could see the tech sector subdued.
Now we wait for other sell signals.
A 50% retrace is typical after a strong reversal but so is a gap down.
NASDAQ is peaking. Short term pull back possible.Nasdaq is on the 5th sideways 1D candle, the first neutral (or non-bullish) sequence since the rally started on January 6th.
It is doing so after being rejected on Resistance 1, which was formed by the High of September 13th.
Trading Plan:
1. Sell if the price breaks below the MA50 4H.
2. Buy on Support 1.
3. Buy if the price breaks and closes above Resistance 1.
Targets:
1. 12000 (marginally above Support 1).
2. 12850 (marginally below Resistance 1).
3. 13700 (marginally below Resistance 2).
Tips:
1. The RSI 1D is on Lower Highs. A Bearish Divergence supporting a rejection.
2. Potential Golden Cross 1D on Support 1 near the end of February. Can provide a massive price boost.
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NASDAQ100 showing strong buying signs to 14,000W Formation has formed over the last few months.
We have had a break up out of the neckline and now looks like the price wants to bounce and run up further.
7>21>200
RSI>50 (Higher lows)
Target 14,000
With the Jobs added better than expected last Friday and with the signs of an economic recovery, The US is showing strong signs of a rally.
This could be before the catalyst for the expected fall.
Regardless, I am bullish for now and the charts don't lie!
NQ UpdateMFI is heading up but RSI isn't moving. Means the algos are having some trouble pumping the market, I think MFI gets overbought when NQ fills the gap and we just get sideways whipsaw until CPI next week.
As for my trading, I flipped my PDD calls on open and I'm done. Made a couple Ks. Did it because HSI was oversold yesterday, unfortunately it filled the gap above and came back down. If HSI had stayed up 1.2%, PDD would have shot up $4, because it always exaggerates HSI moves.
PCAR has 2 open gaps above, wondering if I should get some before the split. Gonna decide in a little bit.