Nq100
BTC - A breakdown at downtrend breakout area looking for 19779BTC - A breakdown here at downtrend breakout area looking for 19779 (short scalp)
Macro bearish
______________________________________________________________________________________________________________________
This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Nasdaq Short ContinuationQuantitative Tightening still squeezing commodities, index, and stock market to go even lower. Even DXY keep continuing their bullish trend. Here is the best area to sell of Nasdaq on a short term. Remember to look for a change of character on lower time frame (5-3-1 minutes) to find strong confirmation for enter a position after the price hit the POI 4h. I am open to discussion in my comment section down below. Cheers.
NQ has a small H&S formation on smaller time frame.Markets didnt close bullish to my eyes, looking for some weakness on Monday, ideally good gap down
NQ has a small H&S formation on smaller time frame, ideal target is 11825.
Ideal target to hold next week is 11700.
Im short few contracts as of Fri close.
NQ is in no mans landNQ is riding the broken down trendline and the top of the channel, also its near the mid of the downtrend channel.
I have no good feeling of a direction at this point. Ideally we sell in am and then rally up again to top sometime tomorrow, targets are still 12100-20 and if above, then its bullish and it goes to 12400+
Volatility is going to start rising from the next week, so much biger moves are coming into mid of the month to 20th
NQ isnt looking good for the bulls hereResistance is very strong in this level, can stretch to 825 for a perfect touch.
11800 call from am got fulfilled, it's very close to it, I have shorted for a quick trade here, looking for a possible real move down off these highs, might not come till after the FOMC
NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week - Use This
NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week
Last week NQ Scenario1+3 played out well for shorts and longs.
- Minor strength displayed on all 3 TFs
- Descending narrowing wedge
??Is the bottom near??
Possible scenarios:
1) If market rotates = rotational play strategy, i.e. trade at boundary of range
2) & (3) = Behavior change scenario
4) <10000 = Devious scenario of hopelessness before market bottoms
Weekly = Ave vol Down off low (and > vol than previous bar) = some minor strength
Daily = Ave vol up bar close at high = minor strength.
H4: Indecisive - Effort no Result for shorts = minor strength
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12906 12442 11348 11068 10359
<10,000 break of psychology support
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NQ must hold 11500-30 zone! Bullish setup into the EOMNQ is setting up a fake breakdown imo and should be stopped at 11530 zone, 11500 is a must hold for today for any bullish setup going into the EOM
Im expecting a good size rally starting today or tomorrow am, so a long setup from a bit lower is something what Im looking for
Nasdaq 100 - A new low confirms that downtrend will continueToday, the Nasdaq 100 index erased its gains from the preceding day, hitting all our previous price targets for NQ1! and QQQ. Therefore, we would like to update our thoughts on the index. We remain bearish due to fundamental factors pointing to a strong recession. However, technical factors also support this pessimistic thesis. Due to that, we would like to set a new price target for NQ1! at 10 500 USD and 10 000 USD. We would also like to set a new price target for QQQ at 265 USD and 260 USD.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Illustration 1.01
Moving averages continue to confirm the downtrend. Although volume declines slightly, we will pay close attention to it. If volume continues to fall further, it might foreshadow an upcoming “bear market rally.” However, if the support is broken, then the selloff is likely to accelerate.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.