NQ - Nasdaq struggles. The weekly reveals itSee the support NQ had?
Super nice how the the Medianlines and the A/R set reveals it. But now there is some trouble in the Kitchen.
After reaching the white Center-Line, price is struggling to punch through the orange U-MLH.
If price can't fight ti's way through this resistance, it will turn south - probably very sharp.
To me, this is a cheap Short.
If I'm wrong, so be it, it's just one of 1000s of trades. But, it's a offer I can't reject §8-)
Nqshort
All you should Know about Nasdaq (ICT)In fundamental analysis, we observe a market surge following a liquidity uptake beyond the all-time high, marking a new peak in NQ. However, inflation rates indicate that the Federal Reserve is hesitant to reduce interest rates. Even with a 5% interest rate, inflation is on the rise again. This suggests that the Fed may abandon the idea of lowering interest rates and maintain them at 5% until the year's end.
Nevertheless, last week witnessed positive outcomes from companies such as Tesla, Microsoft, and Google, which revitalized market sentiment and led to a resurgence. However, concerns linger regarding the possibility of the Fed raising interest rates by half point, which could pose challenges for the market.
In technical analysis, we observe the price targeting the sell side for Tuesday, February 30th, 2024, retracing to the gap on Monday, April 15th, 2024, above the equilibrium and within the premium, allowing new sellers to enter. The next target is the order block from Tuesday, January 16th, 2024.
More possible downside for NQPrice has moved for ERL(ATH) to IRL(Weekly Bullish OB) which created a MSS on the weekly time frame.
Price has retraced nicely off of the Weekly OB and is now entering premium of the current dealing range on the daily
- This week we will not trade on Monday as there is no news and will be expecting accumulation.
- If market sentiment has truly shifted I am expecting to see Monday accumulation, Tuesday to create the high of the week into that daily FVG, and then expansion lower to reach for previous weeks low.
- If that Daily FVG is violated I’ll be expecting ATH again.
Chart Idea - NQ Short -- 3/27/2024I am short on NQ if it breaks 18457. It touched the support two times already. MACD and RSI are pointing towards the downtrend in short term. I believe it should come down into golden pocket where you can see the FVG as well, fill it first and then decide where to go from there.
Short setup on NQ
Entry: Take short if 18457 level breaks
SL: 18527
TP: 18381 (0.5 fib level)
NAS100 - MY DAILY AND INTRADAY ANALYSES (TARGET 17300)Yes this is contrarian, markets are booming but it's quite overextended and going long at a top is the most monkey trader thing to do. I'll do a reverse analysis where I start with the intraday and follow up with the daily. So here's my take on things:
What's on the intraday chart? (Follow the steps)
1) A 4 hour bearish FVG. This will serve as my entry zone.
2) Our 'support line'. You'll notice price keeps on making lower lows.
3) Our liquidity target. This is the price magnet. We know for certain (discretionary) that price will take this out.
4) The entry point. Again, do your own research. Do not follow the analysis from some random stranger on the internet and go all in (you degenerate).
5) The intraday target. The order of things matter. If we hit this before hitting the short entry then you might wanna reverse the idea but I do not like the idea of longing in an overextended market!
What's on the daily chart? (Follow the steps)
1) The previous all time high that was violently broken.
2) Our swing extension target area. This is great to know where to take partials or close entire positions in new price territories. Of course price can always go further towards 2 or 2.618 or anything else (it's up to you where you wanna take partials).
3) The bearish candle pattern: kind-of a mix between a gravestone, a spinning top, a shooting star and whatever other label I can muster to justify my bias lol. To me this is the main driver of the bearish bias!
4) Maximum target. I do not see price going any lower and the intraday target is more sane so I don't really expect price to go that low either.
5) The continuation of the rally. People love buying. I do not see that changing anytime soon.
As always, have a lovely day and happy trading! ;)
NASDAQ - NQ Black-Swan ScenarioThe Red Pitchfork is a Pendulum-Fork.
It grabs the biggest Swings and projects the most probable path of price, like in this chart.
The Count starts at P0 and relies on the REAL Swings that I teach you guys & gals. Therefore the Bump from the green Support-Line is NOT a Up-Swing. It's just the center part of a Sine-Wave.
Then P3 is created, breaking the Support from the Low of P1, and continues up to the Center-Line of the Orange Pitchfork at P4.
Since we know that
a) price has a high chance to turn in the opposite direction after reaching the Center-Line
AND
b) The Pivot Count ends and restarts at P5
AND
c) Price is still trading within the Red Pendulum-Fork
...we have a 80% Chance to reach the Center-Line of the Pendulum Fork around 1100 or even lower.
By when?
No clue yet, but have to drink another Coffee to read in the Ground again later §8-)
OK, I admit, that's a kind of a Black-Swan event.
But, I just follow my rules, my Framework and that is what I currently see.
The opposite side of this is, that the 0-3/5 Count is just a simple "Flag", and price Skyrockets to the green Center-Line of the Green Fork, around 16050 - 16250,
Taking the overall World situation, the incredible debt of countries like the USA, EU and others into the Blue-Print, I vote for the first scenario.
My Helmet sits tight.
Peace4TheWorld!
Nasdaq Cucle
Next probable movmement for NQ1 will be Short from 15414.75 direction 14819.75
Disclaimer
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The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
NQ - A gift from the trading gods?To me this is indeed a gift from the trading gods.
Price retests the U-MLH a third time.
So, if you missed the entry (see my website & YT channel), then this is another chance to bake some Bread, instead of Donuts.
My stop would be a couple points above the pivot high.
Watch my videos and posts about this trade to understand it!
NQ - Nasda Test/Retest, now down.NQ had a phenomenal run-up since yesterday.
It was hard to find any sign of weakness.
In the 15 min. TF I found the correct Fork to apply that gives me any usable information about price.
1. The Shiff-Fork projects price to the upside, but also expose the fact that price fell out of the projection below the L-MLH.
2. Price stopped at the HVN. Or better, the Algos bought price at that level (violett line).
3. Price had it's first "Test" of the L-MLH, and soon after the second one, interfering with the TL from way above. Such "coincidence" I call "Confluence".
4. My Scalping filters, the Indicators also signaled that it's time to give it a go.
5. Finally I observed the Bid/Ask Volume and saw large order got thrown at the Bid. This is my ticket to ride and I'm short the market.
NQ Bear TimeIts been a very eventful week. Tech has went on a massive run the past couple months and became the market leader again. I don't think this is sustainable in this global financial environment. Macro aside we had fomc today and based off the reaction (huge selling volume to end the day) I think we may have seen the highs on NQ today. The sell off caused a nasty bearish hammer candle with a huge wick upwards and closing at lows. This type of candle can signal distribution. On the hourly timeframe you can see very sizeable sell volume near NYSE close. Not a good sign for bolls imo. Could be wrong but we shall see. NEVER financial advice just a little trading journal. I may start posting my ideas more often again to see how my theories and insights play out.
NASDAQ BREAKDOWN ANALYSIS 20/03/2023dear traders nasdaq was up trend for last 2 days so it may be new correct for this move so folow my instruction in chart and respect the zones price must react from them i hope you catch the good one
trade safe
Nasdaq - It will end in tearsP5 target is reached, now comes the turn.
Economy is in line with P5, and the Morons have done their work.
Now it's time to to either wait to buy, or to take the whole ride to the downside.
...just reading Coffee-Ground. §8-)
Stay well & be happy about the little miracles in live.
NASDAG SELLPeace be upon you, merchants. The Nasdaq market is in a negative state. with a fracture. Model double BOTTOM. As well as breaking the bullish trend. There is a possibility of re-testing. The price is 122800. and re-descend. to the level of 11800