BTC POSSIBLE ROUTE TOWARDS DECEMBER !!Sorry for the mess, what you're interested in is the purple arrow here.
We might be looking at a correction before it reaches a new top again, something like 75K in beginning December ;
Even though a lot of traders tend to think now's the time to get in for the 100K rally, we think this is more a zigzag/scalping opportunity and not a long term yet.
Us100
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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US100 H2 - Short SignalUS100 H2
Here is Nasdaq, a little different as compared to US30, we have price trading as close to ATH's as you could expect, with a couple of trading tops here from last week. We also saw a huge dump on Friday, that single H2 candle demonstrates a move of 180 points, followed by two more bearish candle closes to end the trading day and trading week.
That being said, markets opened and we gapped upside around +130 points, we have sustained this, just like US30. I'm wondering whether we reject this price level we have indicated at 20,500 price and selloff back down to 20,300 price. Seeing how Nasdaq moves, if it breaks or rejects, may give us a better steer on US30 trading opportunity.
US100 (NASDAQ) Technical Analysis and Trade Idea👀 👉 The US100 (NASDAQ) has maintained a bullish trend, but we recently observed a bearish break in market structure. Currently, price action appears to be under pressure. I am watching the NAS100 for potential opportunities if and when the conditions discussed in the video unfold. Disclaimer: Trading carries significant risk, and market conditions can change rapidly. The information in this video is for educational purposes only and should not be interpreted as financial advice. Always conduct your own research before making any trading decisions. 📊✅
NASDAQ Tight buy on the support level.Nasdaq / US100 just hit the Rising Support of October.
This is the level where the late September correction bottomed and a new bullish wave started.
Initially it hit the 0.618 Fibonacci level and then pulled back to the Rising Support again.
With the 1hour RSI deeply oversold, we see the current level as a strong buy opportunity.
Buy and target 20280 (Fibonacci 0.618).
Previous chart:
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NASDAQ: Approaching lower supports. Two levels you can enter.Nasdaq has turned neutral on its 1D technical outlook (RSI = 52.116, MACD = 179.950, ADX = 45.004) as it failed to make a new High above the LH trendline and is being pulled down towards the 4H MA200 and 1D MA50. Those two are the major support zone and buy entry. But before that, the first is where the price is right now, at the bottom of the dotted Channel Up. The 4H RSI is almost on the S1 level (33.50), which has been the buy signal for October.
So the first buy entry is now, aiming at a +4.50% increase (TP = 20,950). If it fails, add another just over the 1D MA50 and take profit on both after again a +4.50% price increase (TP = 20,650).
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US100 Analysis: Strong Buy Signal Detected US100 Analysis: A clear buy signal has been detected, indicating a potential surge in the market. Stay updated with our latest insights on the US100 index and capitalize on this opportunity. Follow for expert analysis and accurate trading signals. #US100 #BuySignal #Trading #StockMarket #ElliottWave #ForexSignals
DreamAnalysis | NASDAQ's Next Move Key Levels and Market Outlook✨ Today’s Focus: NASDAQ (US100) – A Market Mover
We delve into the latest price movements and analyze key market levels to uncover potential trends.
📊 Current Market Overview:
Currently, the price is consolidating within the 4-Hour Imbalance zone, formed after breaching the Previous Month High and retracing lower. Additionally, Smart Money Technique (SMT) is evident at highs, correlating with ES (SPX500).
🔴 What to Expect: Short-Term vs Long-Term Scenarios
Explore potential outcomes for both short-term and long-term perspectives, outlining bullish and bearish possibilities for day trading.
🗣 Short-Term Outlook:
In the short term, expect the price to consolidate around the Imbalance and SMT levels, potentially targeting the Previous Week Low (PWL) as a liquidity draw.
🗣 Long-Term Outlook:
Long-term projections suggest a possible retest of the Previous Week High (PWH) followed by a decline towards the Equilibrium (50% level) of the current monthly range.
🕓 Key Levels to Watch:
These critical levels could significantly influence price action:
- PMH: Previous Month High
- PML: Previous Month Low
- PWH: Previous Week High
- PWL: Previous Week Low
- BSL: Buy-Side Liquidity
- SSL: Sell-Side Liquidity
- Daily FVG: Fair Value Gap (Imbalance zone)
These levels denote potential areas for liquidity absorption or market rebalancing. Fair Value Gaps (FVGs) represent zones where price retracement may occur before resuming its trend.
📈 Bullish Scenario:
Currently, a bullish stance is not anticipated. However, on lower time frames, identifying Low Resistance Sell Side Liquidity (LSSL) could precede targeting higher levels such as the Previous Week High.
📉 Bearish Scenario:
The bearish scenario aligns with the short-term outlook. Currently bearish, lower time frame analysis can refine entry models and points for enhanced trading confluence.
📝 Conclusion:
Remain adaptable as market conditions evolve. Vigilantly monitor these critical levels and setups to refine your strategy and identify high-probability trade opportunities.
🔮 Looking Ahead:
Stay tuned as we track NASDAQ, DXY, EUR/USD, and other major markets. Timely insights will follow as trends develop.
⚠️ Disclaimer:
This analysis serves educational purposes only and not as financial advice. Always conduct thorough research and consult a licensed financial advisor before making investment decisions.
NASDAQ can explode to 25000 if the 1D MA50 keeps supporting.Nasdaq (NDX) appears to be coming off yet another short-term consolidation (ellipse pattern), the kind of accumulation it is accustomed to while trading within its 2-year Channel Up.
As we have established in previous analyses, the index is on its 3rd Bullish Leg of this pattern following the August 05 bottom (Higher Low) on the 1D MA200 (orange trend-line). When the same consolidation took place in the previous two Bullish Legs, the index remained supported by the 1D MA50 (blue trend-line) and went off to complete a rise of +49.50% and +47.80% respectively. The 1D RSI fractals of all those sequences, also display amazing symmetry.
If the rallies are on a decelerating rate, we can expect the next one to hit at least 25000 (+45.50% from the Aug bottom). As you can see, the Higher Highs of the Channel Up tend to form after the Sine Wave tops, while the bottoms are exactly on point.
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Nasdaq - Nasdaq will maintain the balance of 20,000?!The index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel
If the drawn support range is maintained, we can see the index continue to climb up to the previous ATH
But the valid break of the drawn support range will pave the way for the correction of the index to the bottom of the ascending channel
Within the defined demand zone, one can look for index buy positions with appropriate risk-reward
US100 H4 - Short Signal US100 H4
A slightly higher timeframe here on US100 as compared to the previous US30 analysis, that being said, we have some very attractive trading zones here, 20,500 certainly in the crosshairs, a good area of confluence, ATH price, H4 supply, H4 resistance and a half number trading at 100 points. Which holds as a psychological price level.
You can see we set our alerts for the price, now we simply wait patiently, there are lots of setups to play and trade from this week. After a struggle last week, getting those first sniper entries banked is really important for us. Starting the week strong and picking the best of the bunch.
US100 H4 - Short Signal US100 H4
A slightly higher timeframe here on US100 as compared to the previous US30 analysis, that being said, we have some very attractive trading zones here, 20,500 certainly in the crosshairs, a good area of confluence, ATH price, H4 supply, H4 resistance and a half number trading at 100 points. Which holds as a psychological price level.
You can see we set our alerts for the price, now we simply wait patiently, there are lots of setups to play and trade from this week. After a struggle last week, getting those first sniper entries banked is really important for us. Starting the week strong and picking the best of the bunch.
NASDAQ - It's Not All Doom And Gloom...NASDAQ 2WEEK CHART
Red EMA = Weekly 50EMA
Blue EMA = Monthly 50EMA
Nasdaq is on a steady incline but with all good things, it must end... kinda. Every so often we get a big correction. The last time we got a correction was in early 2022 where we saw a drop of 38%! After the corrective period ended, we saw a climb of over 100%.
It is likely that we'll see a similar corrective period soon.
We have the Weekly EMA holding up price, which has been respected really well. We can use that as confirmation to tell us when the corrective period has started.
We also have the monthly EMA which we can use to gauge where we'll bounce off from. We could see another 30%-40% drop for the next correction, which will lead us nicely to the monthly EMA where we have seen a bounce previously.
We're still expecting price to move a little higher so we'll be keeping a close eye on this.
As to what will cause this correction is yet to be determined. Various fundamental factors can play a part such as War, Recession, Inflation etc.
If interested in receiving updates for this analysis, do drop a comment and we'll be sure to keep this updated!
Goodluck and as always, trade safe!
Strong Buy Opportunity on GBP/JPY – Ready to Trade?Exciting trading opportunity on GBP/JPY! If the daily candle closes above the green rectangle, it's a clear buy signal. The stop loss will be placed below the red rectangle, with take profit set at the blue rectangle.
Do you have questions or need analysis on any financial asset? Feel free to reach out to me in private for a comprehensive and tailored analysis!
Bitcoin Buy Opportunity After Strong Confirmation Signal!We are watching for an excellent buy opportunity on Bitcoin! If the daily candle closes above the green rectangle, this will be a clear signal to enter a buy trade. The stop loss will be placed below the red rectangle, with take profit set at the blue rectangle.
Stay tuned for more updates, and if you need a personalized analysis on any financial asset, feel free to contact me in private!