NQ1
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.
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NQ UpdateHere is an updated NQ count. Looks like we are hardly retracing, but should get something more definitive...even if it takes a Minute. We have failed to retrace to even a .236 of these larger waves 3.
Looks like we should trade to the .786, based on proximity, but might not make it, based on symmetry and relative weakness in the past couple waves 5.
NASDAQ Can cross above 2 Channels and reach 15100 now.Nasdaq has been trading inside two Channel Up patterns, one on the medium and one on the long term, which we've outlined in all recent ideas.
The current bullish wave has identical measures with those of the 2nd part of March and 2nd part of January.
It is highly probable with the current buying momentum to seek and complete this impulse and break over both Channel Up patterns.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15100 (Fibonacci 1.618 level).
Tips:
1. The RSI (1d) has formed a Double Top on a clear 76.55 Resistance. If it reaches that level before the price hits 15100, close the trade on whatever profit you have made.
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Notes:
Past trading plan:
Back to Charting Again!* NQ1! Chart for 6/12 S/D LevelsTargeting R1 as a push through this resistance supply 4hr zone. I skipped the NY opening bell, and when I hopped on later in the morning, we were making bull strides to move up. VWAP and EMAs continued up by following PA so it didn't seem to waiver that we would fail dramatically to the downside. However, looking back for possible demand zones for later this week as we have FOMC and CPI/PPI being released. Looking for small points between 5-20 pt moves to avoid being chopped to much and using range/liquidity areas for targeting. I recommend using bookmap for your further conviction in seeing the order flow.
Throughout this week looking for BEAR targets at S1 14625 or lower to fill the gap we created to 14520. BULL target throughout the week is 15100 or 15231 *nearing* the double top resistance of Jan/March 2022.
Link for chart: www.tradingview.com
NQ1! Will Fall! Sell!
Here is our detailed technical review for NQ1!.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 14815.25.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 14419.25 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NQ1! NAS100USD NASDAQ 2023 JUNE 12NQ1! NAS100USD NASDAQ 2023 JUNE 12
Significant Weakness observed on daily bar (Friday 09 June) as market is marked up on ultra low volume S>D bar.
If mark ups on low volume continues, tighten stops and don't chase longs. Prepare to look out for short opportunity.
Possible Scenarios:
1) Market continues to be marked up on low volume narrow spread up bars = tighten stops on longs / wait
2) When additional weakness emerges = Short on test and rejection of recent high / lower high
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 15269 14575
*Longer term: 13350 needs to be supported for long trend to be intact.
Price Volume Analysis:
Weekly: Ave vol up bar close off high = NTC weakness
Daily: 09 June ultra low volume S>D up bar
*NTC = Non-Trend Changing
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Have a profitable trading week.
*For education purpose only.
Next week - Potential buying/Selling zones on NQ/US100 CAPITALCOM:US100 CME_MINI:NQ1!
I will continue my analysis on Nasdaq NQ/US100 Market, after reaching my TP last week, I expect 2 scenarios:
1st: If the price closes below 14440, I'll sell after the first unmitigated single candle (entry based on 1H TF), if not I will buy here after sweeping the LQD.
2nd: If the price closes below 14233, I'll sell after the first unmitigated single candle (On 1H TF), if not I will buy here after sweeping the LQD.
I'd just like to mention that the market is expecting some big news this week (CPI, PPI, FOMC).
Trade at your own risk.
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NQ1! Trading Opportunity! SELL!
My dear followers ,
Please, find my technical outlook for NQ1! below:
The market is trading on 14742.75 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 14402.00
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
NQ1!: Short Signal with Entry/SL/TP
NQ1!
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell NQ1!
Entry Level - 14741.00
Stop Loss - 15082.75
Take Profit - 14231.50
Our Risk - 1%
Start protection of your profits from higher levels.
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NQ1! BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
We are now examining the NQ1! pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 14496.25 level.
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NASDAQ: Bullish as long as the 4H MA100 holds.Nasdaq is having a standard technical pull back turning the 4H time frame neutral (RSI = 52.452, MACD = -2.890, ADX = 30.912) but the 1D remains bullish as since March 13th, the index has been trading inside a Channel Up pattern.
As the chart shows, every crossing under the 4H MA50 has been a buy signal (2 times) unless when the 4H MA100 broke as well, in which case the downtrend was extended to the 4H MA200 (2 times also). The 4H RSI has a clear Buy Zone and it just bounced on it, so we're already bullish (TP = 14,950). If though the 4H MA100 breaks, we will open a short term sell as well, targeting the bottom of the Channel Up (TP = 14,000), where upon contact with the 4H MA200 we will add a 2nd buy.
Prior idea:
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NQM2023 SELL
-first full we are in the deep premium, and in the opening of the month we see a juda swing to the upside to take the previous month's high wish is buyside liquidity (14569.50), and we seen a big reaction after taking it and go back to the opening price of this month (14288.00).
-secondly, (ipda concept) if we take the last 20 days, we will see a sellside ( 13570.00) we will take it as a target
-Third, if we do the standard deviation of the juda swing we will get the tp's I've noted in the chart.
NASDAQ starting a short term correction.Nasdaq got rejected near the top of the 6 month Channel Up.
The narrower Channel Up however made an exact Higher High and the rejection today is a natural technical consequence.
This is most likely starting the 3rd correction wave.
Each wave has been less aggressive than the previous.
The breaking under the 4hour MA50 is the sell confirmation. Target the bottom of the short term Channel Up and the 4hour MA200.
Buy on the 4hour MA200 and target 15280 (Resistance A, High of March 29th 2022).
Previous chart:
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NQ1! What Next? SELL!
My dear followers ,
My technical analysis for NQ1! is below:
The instrument tests an important psychological level 14372.00
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 14009.00
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK