Chart Idea - Swing Long on NQSwing Long Setup
Entry - 21200
SL - 19900
TP - 23600
RR - 2:1
Not a financial advice... Do your own research !!
NASDAQ 100 E-MINI FUTURES
Chart Idea - NQ Swing TradeBeautiful Descending Broadening Wedge formed on Daily TF. Too bullish once breakout gets confirmed.
Entry: 19500
SL: 19000
TP: 21000
NOT A FINANCIAL ADVICE!!
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NASDSAQ INDEX (US100): Bullish Confirmation After Breakout
US100 Index updated the all-time high, violating a solid daily horizontal resistance.
After a breakout, the market retested the broken structure and started to consolidate
on an hourly time frame.
A violation of the upper boundary of the range is a strong intraday bullish continuation.
It indicates that with a high probability, the price will go up.
Next goal - 20920
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NASDAQ rally still at its start. Very high upside post electionsExactly 3 months ago (August 05, see chart below) when Nasdaq (NDX) erased the gains of 3 months and was sold-off to its 1W MA50 (blue trend-line) we posted the following idea using the 2-year Fibonacci Channel Up on the index, claiming that it was the best buy entry in recent months:
The buy turned out to be very effective as the index rebounded aggressively and last week made a 3-month High. Ahead of the U.S. elections today and the natural short-term volatility that they will inflict on the market, we decided to bring that chart forward again, as it will help keep an unbiased long-term perspective that will filter out the short-term noise.
As you can see the index held its 1D MA50 (red trend-line) last week despite the sharp pull-back. The price remained within the 0.382 - 0.5 Zone of the Fibonacci Channel, while the 1W RSI is holding its MA (yellow trend-line). Every time the index got in a similar situation within this Channel Up, it still had much upside left before it topped.
At the same time, we are just below the 0.5 Fib level of a projected +47% rise from the August bottom (sequence of Bullish Legs since the start +49%, then +48%, next +47%), a symmetric pattern showing the strong potential of the index, as long as the 1W MA50 (blue trend-line) holds.
For the 1st Stage of the current Bullish Leg, we have a minimum Target of 22500 for the end of the year, which represents the rally that the May 27 2024 and January 01 2024 pull-back rebounds had that held the 1D MA50. As for the full length of the Bullish Leg, which is our long-term Target, we still expect the index to complete a +47% and reach 25400.
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NASDAQ: Forming the new Low of the Channel UpNasdaq is on a neutral 1D technical outlook (RSI = 47.183, MACD = 55.990, ADX = 31.366) as the price is trading sideways on an upward slope at the bottom of the 1 month Channel Up. This is technically the new HL formation process and it is taking place under the 4H MA200 this time. The formation however of a 4H MACD Bullish Cross under 0.000 has been the most reliable buy indicator in the last two months, so it is a good enough reason to buy for us, since the risk factor at the bottom of the Channel Up is so low. The HH that followed the last HL was pcied on the 1.236 Fibonacci level and since the symmetry inside this pattern is high so far (Bearish waves indentical), our target is under the 1.236 Fib extension (TP = 20,750).
See how our prior idea has worked out:
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OHLC Statistical Mapping + Average Range Levels Asia LongI entered at +Manipulation since I was bullish from Daily timeframe SL put below 1/3ADR- and targeted +Distribtuion and the target was delivered at NewYork Killzone. Easy model purely mechanical.
NASDAQ Rejected on the 1hour MA50 but bottom is in.Nasdaq / US100 is trading inside a monthly Channel Up.
Despite getting rejected today on the 1hour MA50, the Higher Low at the bottom of the Channel Up has been priced in.
This is a good buy opportunity. Target 20350 (the 0.618 Fibonacci level).
Previous chart:
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Stock Market ft. The BIG SHORT.Election coming, looks to be priced in as we speak, expect a drop, probably more severe than my chart if the conditions are met BELOW..
Conservative levels to short above (no guarantee we are coming back to those levels) as the futures market can continue to plummet as early as Monday next week.
I expect a heavy forecast of rain up until the election and after, we are about to see some crazy $%^& in the next few months,
Price is weighted on the weekly, to Target 1, if that level doesn't hold we will see target 2 and target 3 QUICK,
If my price reacts the way I think it is, I will be dropping a multi-year monthly chart to follow,
Good luck traders.
NASDAQ Bottom of the Megaphone.Nasdaq is trading inside a Megaphone pattern on the (1h) time frame.
The price is very close to its bottom, which starts to signal a buy.
Each of the previous two bottom rallies, hit at least the 0.786 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 20450 (litle under the 0.786 Fibonacci level).
Tips:
1. The RSI (1h) turned oversold. A strong buy indicator.
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Price hit Daytrading target successfully on NQHello traders,
After building a beautiful set up and waiting from yesterdat for price action to give us a high probability winning trade, price hit target successfully and and moved to our favor as i described. I am really very happy with the trade of today.
Good luck everyone and Happy trading.
NQ is losing momentun and going redHello traders,
As you can see The Nasdaq is starting to lose momentum after being bullish for several days. This is because NQ came back from strong levels, the daily 20.790 and the weekly 20.296.
From a 1H chart point of view, the price made a beautiful pull back on the weekly getting strong momentum then was rejected downward looking for the next daily level of 19.973 giving us a beautiful short trade.
If price hit the daily level and gets rejected, look for a pullback then go long searching the next daily level 20.144. But if price breaks the daily 19.973, wait for a pull back then go short searching the next weekly 19.760.
Good luck everyone and Happy trading!
Nq potencial bullish flatSeems like NQ is in a Bullish flat formation, that will take another few weeks maybe couple months to resolve.
Still Bullish longer term as long as August low is not pierced!
Long around b (in blue) of 3 (green) to new ATH's... then we'll be looking for signs of bearishness and entry to short for a big 5 waves down!
Nq potencial bullish flat Seems like NQ is in a Bullish flat formation, that will take another few weeks maybe couple months to resolve.
Still Bullish longer term as long as August low is not pierced!
Long around b (in blue) of 3 (green) to new ATH's... then we'll be looking for signs of bearishness and entry to short for a big 5 waves down!
H4 OHLC Statistical Mapping Text Book Short SetupFor the OHLC Statistical Mapping when you are bearish you use -M as a entry point and target -Distribution and that's it... don't overcomplicate it.
NASDAQ: Channel Up topped. Opportunity for short term selling.Nasdaq turned bearish on its 1H technical outlook (RSI = 38.742, MACD = -3.920, ADX = 40.192) as it crossed under the 1H MA50. This comes after almost an exact touch at the top of the September Channel Up and while the 1D timeframe has gone from bullish to almost neutral. The last two rejections at the top targeted at least the 1.236 Fibonacci level on the pullback. That is what we aim for on the short term (TP = 20,250).
See how our prior idea has worked out:
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Fractal Consolidation Long Entry Trade RecapPrice swept LRLR (blue box) and overall I was bullish from the Higher Time-Frame then I waited when price breaks HRLR (red box) after price closed above HRLR I entered the trade and targeted another HRLR which was also Previous Week High.
NQ ideahow yall doin,
I've been working on my execution,
I still expect this cool guy to drop.
What's your thought?
Nasdaq long ideaI think we needed one more sweep into sell-side at 9:30 so I think it should be going into buy-side
NQ long idea I think we saw sweep in sell-side at 8 am and i would like to see a sweep on buy-side from here.
I want to see it above 20707.25 and avoiding 20619.00 before that.
NASDAQ Ready for an impressive finish of the year.Nasdaq (NDX) is coming off a 4H Golden Cross, the same kind if formed on November 08 2023, straight after the bottom of the 18-month Channel Up. As the 1D MA200 (red trend-line) has been in strong support of this Channel Up, the index is now on a similar Bullish Leg (blue Channel) as the one that started 1 year ago.
We are at the stage were after a roughly +20% rise from the bottom, the short-term Bullish Megaphone tested and held the 4H MA200 (orange trend-line), which based on the January 2024 fractal, could initiate the 2nd Phase of the Bullish Leg.
The previous one peaked on a +31% rise, so we expect the index to reach at lest 22000 by the end of the year.
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Weekly Forex Forecast Oct 28th: S&P500, NASDAQ, & DOW This is the Weekly Forex Forecast for Oct 28 - Nov 1st.
The S&P500 and NASDAQ are neutral at the moment, but the trend is bullish. Patience will pay off if we wait for confirmations to bullish orderflow.
The DOW is looking weaker than the other two. It is clear the short term profit targets are to the sell side liquidity.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
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