NASDAQ working with liquidityHello trader! Today, let's trade the good old US100. A nice setup has formed for entry and taking out the lower liquidity. There are possibilities that the price may go and take out the liquidity from above, but the chances of a move downwards are much higher.
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Us100
NASDAQ Can it hold the 1D MA200 ahead of the Fed and NFP?Nasdaq (NDX) has a strong rebound near the 1D MA200 (orange trend-line) last week, which formed the latest Lower Low at the bottom of the 3.5 month Channel Down. Ahead of today's Fed Rate Decision and Friday's Nonfarm Payrolls, it is important for investors to see the index holding the 1D MA200 as Support, as it will provide the technical backing for at least a short-term rise.
As long as it does, our target is 14850, which is a level that meets all 4 bullish criteria:
1) Is on the 0.236 Fibonacci Channel level (all previous 3 Channel Down bullish legs hit at least this level).
2) Is on/ below the 1D MA50 (blue trend-line).
3) Is less than +6.28% (which has been the lowest % rise of a bullish leg withi this Channel).
4) Is (quite) below the 0.786 horizontal Fibonacci level (all previous bullish legs almost hit it).
If however the 1D RSI hits the 58.50 level (Resistance 1) before the index hits the 14850 target, we will book the profit earlier, as that RSI Resistance has formed the last 2 Lower Highs of the Channel Down.
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DOW JONES Time to buy the dip again.Dow Jones / US30 reached our desired buy level based on our last idea (chart at the bottom), which is exactly at the bottom of the 11 month Channel Up.
It kept the 1week MA200 intact once again (has been since October 2022), so that maintains the long term trend bullish.
The shorter pattern is a Bearish Megaphone and as mentioned previously, our target is for the time being and until a break out takes place, inside this pattern.
Target 33600, which is under the 1week MA50, under which all of October's candles have closed.
Previous chart:
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NASDAQ Rebounding on the 1D MA200 and targeting 15,000Nasdaq is trading inside a Channel Down since the July High and is naturally on bearish 1D technicals (RSI = 39.169, MACD = -233.06, ADX = 37.454). This is a buy opportunity though as the price is rebounding today after making a LL bottom almost on the 1D MA200. That is a long term Support level, being unbroken since March 13th. The second bottom indication is given by the 1D RSI which hit and bounced from inside the S1 Zone, as both previous bottoms have.
Every rebound rose almost as high as the 0.786 Fibonacci level to make a LH top. Consequently we turn bullish and target that Fib level (TP = 15,000) which is slightly over the 1D MA50.
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Pending order set for NASDAQWe have a very strong level in the upper range and when the price reaches there, we can see a drop of up to 15,000. I am already waiting and I have prepared my order
Long position US100 I will wait for this great position but I will wait for confirmation before entering because the number 12000 can cause a lot of volatility.
Long position US100 We see that the Nasdaq index has left its upward channel and is correcting yesterday's movement, and we can follow it on the upward path.
Dow Jones Index (US30): Important Structure Breakout
US30 Index dropped heavily on Friday.
The market successfully violated a major horizontal demand area.
The broken structure 32570 - 32970 turned into supply zone now.
I will expect a bearish movement from that at least to 31850 level.
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FTSE100 - Long Signal (Relief Rally)FTSE100 D1
Buy some came into play late last week, following the latest stock dump, we have since started to bounce following an upside gap, pushing as much as 1.7R, but sat at a current 1.3R.
Eyes on FTSE100, we may see a second attempt bounce from that 7265 support price. It's going to be a busy week, I can't stress that enough, with all the risk events, economic data and earning figures to come out, NFP, AE and UE figures Friday too.
US100 D1 - Short Signal (Risk off)US100 D1
Similar setup here on US100 as compared to US30, really looking for that short entry following a healthy correction from the selling pressure we saw late last week. The idea is, we understand the market bias (established last Thursday/Friday). We wait for the healthy pullback to warrant entries, then we trade in line with the trend.
We can look to enter around 14600, with targets of fresh lows, towards that 13700 price. Again, patience pays, we have our alerts set, we wait for them to trigger.
NASDAQ LongI've a small long running from the low we just put in, but considering the news events on Thursday and Friday, it wouldn't surprise me to run the lows.
The first level is my favourite front-run confluence, and has tight invalidation. This trade could be stopped out with a ltf wick, so i'm planning to enter partially with limit order and add to position after confirmation.
The second level is a text-book confluence for C wave to finish. Safest entry is typical SFP rather than limit orders, but you must be prepared for a front run, or multiple SFPs.
A strong break below these two targets will send it down to 13880-13850 imo
NASDAQ 1day MA200 test after more than 7 months. Huge BUY!!Nasdaq / US100 is trading inside a Channel Down since the July 19th high.
Today the price not only touched the bottom of that Channel but is about to test the 1day MA200 for the first time in more than 7 months.
As the 1day RSI is on the same level as the Channel's previous two Lows, this is technically the best buy opportunity on a quarterly basis.
Buy and target 15000 (top of Channel Down and 0.786 Fibonacci which was where the previous Lower Highs were formed)
Previous chart:
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NASDAQ WEEKLY Forecats Analysis for 15.-20.Ovtober.2023Ultimately, this is a market that has plenty of buyers underneath, and therefore it’s likely to see more of a “buy out the dip” mentality going forward
The Euro initially tried to rally during the trading week but got absolutely crushed as bond yields in America continue to be a major driver of markets.
Nasdaq crashed from 15335 Highs down to 14875 as many times forecasted and predicted last week. Watch also my previouse vieos, and read the updates below my other traingview ideas.
NASDAQ Bullish or Bearish? How this simple Strategy Helps ...Perfect Entry
Perfect exit
early Warning
But good Traders also have good profit Taking sense of the market.And they have no EGO.
Ig they are wrong they take the loss. Immediately. They have the perfect money mangement discipline.
And they stay out.
NASDAQ Friday13th Oct-2023:Analysis Should I Buy or Sell?TargetsAllright guyz
Please watch also my other last 3 videos,that will mention the way I trade- And hopefully it is benfical for you too.
Indices are dropping like I said days ago, Banking crisis and Middle East conflict threathenning.
Trading is a decision game, and sometimes taing decisions are really hard...
But there are ways how to create your full potential and prepare for the next weeks...
Thanks to all my followers, also new followers, an those who share their thoughts here and discuss in Respect.
Have a good weekend
NASDAQ Power Sell can potentially reach 14200 and lower to 13200FOMC Major Resistances and Trendlines broken
The market is bearish
maybe a P shape trap of the bulls,Dont fall into trap
In nivember or December the next Rate hike Possibility increasing.
The inidcator above shos the trend of the Highs which are red, while the market making higher highs temporarily, and lower lows. The long 15D trend, here displayed on 7 H chart shows it clearly. Use proper Moneymangement