US100 NASDAQ Technical Analysis And Trade Idea NAS100Lately, the NAS100 has displayed a strong bullish trend. This video extensively explores the trend, meticulously analyzing price movements and identifying possible trading prospects by thoroughly assessing both the weekly and daily timeframes. Anticipate a detailed assessment of price behaviors, market patterns, trend assessments, and key technical analysis components. It's crucial to emphasize that the content provided is purely for educational purposes and should not be interpreted as financial advice.
Us100
US100 H4 | Bullish bounce?US100 could bounce off our buy entry level and potentially reach our take profit level.
Entry: 15596.04
Why we like it:
There is a pullback support level.
Stop Loss: 15394.07
Why we like it:
There is a swing low support level.
Take Profit: 15851.34
Why we like it:
There is an overlap resistance level.
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NASDAQ: Healthy pullback serving as end of year rally vessel.Nasdaq is pulling back today after the 1D MACD formed a Bearish Cross and the 1D technical outlook turned neutral (RSI = 54.419, MACD = 183.360, ADX = 45.724). This has so far achieved at offsetting the previous overbought condition on the chart. Technically it can be a HH rejection on a newly emerging Channel Up. This can serve as a buy opportunity either on the S1 level or if it is extended on the S2 and the 1D MA50 for the end of year rally. Our target is the ATH (TP = 16,775).
See how our prior idea has worked:
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Nasdaq 100 ETF (QQQ) ~ December 4H SwingNASDAQ:QQQ chart analysis/mapping.
QQQ ETF in consolidation phase after strong November rally.
Trading scenarios:
Further consolidation = descending trend-line (light blue) / multiple EMA confluence zone.
Continuation rally #1 = top range of Fib / ascending trend-line (green) confluence zone.
Shallow pullback #1 = 78.6% Fib / 200MA confluence zone.
Shallow pullback #2 = descending trend-line (white dotted)\
Deeper pullback #1 = gap fill / ascending trend-line (green) / Golden Pocket confluence zone.
Capitulation #1 = 50% Fib
Capitulation #2 = 38.2% Fib / gap fill / ascending trend-line (light blue) confluence zone.
Capitulation #3 = 23.6% Fib
Navigating Market Trends: Nasdaq Retracement SignalsI am currently observing the US100/Nasdaq on the 4-hour chart, and in my analysis, it appears that we are poised for a retracement lower. This week, there was a rejection from the weekly rejection block dated July 23, 2023, situated in the upper quadrant. 📉
There is a noteworthy weekly correlation with ES/US500 from August 28, 2023, to the present week. While Nasdaq managed to surpass the previous high, ES fell short. Consequently, I anticipate a downward movement. If today's candle closes below 15905, we would establish a bearish order block, adding another layer of confluence for a potential retracement lower. 📊
Upon examining the 4-hour chart, there seems to be a developing breaker formation. If this breaker takes shape and the market tests it tomorrow or in the coming week, it could present lucrative selling opportunities with a favorable risk and reward ratio. 💰 #MarketAnalysis #TradingInsights #TechnicalAnalysis #FinancialMarkets
NASDAQ to see a limited rally?NAS100USD - Intraday
An Evening Doji Star formation has been posted at the high.
A Fibonacci confluence area is located at 16029.
Bespoke support is located at 15315.
Selling spikes offers good risk/reward.
There is scope for mild buying at the open but gains should be limited.
We look to Sell at 16029 (stop at 16129)
Our profit targets will be 15779 and 15729
Resistance: 16029 / 16166 / 16200
Support: 15815 / 15500 / 15315
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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NASDAQ Sell signal on 4H.Nasdaq is testing the MA50 (4h) since yesterday as the Rising Resistance weighs.
The middle line (dashed) of the Channel Up is the final level of Support before a short term pull back.
The Bearish Divergence on the RSI (4h), which is inside a Channel Down, is in favor of this short term pull back.
Trading Plan:
1. Sell if the price crosses under the dashed middle of the Channel Up.
Targets:
1. 15450 (Rising Support).
Tips:
1. The MACD (4h) is also descending while the index rises (another Bearish Divergence) and is about to form a Bearish Cross. Additional sell signal.
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NASDAQ Small pull-back before final rally.Nasdaq (NDX) exceeded all expectations this month as following our November 01 buy signal (see chart below), not only did it hit the target but broke aggressively above the former Channel Down:
Since November 21 basically it has turned sideways, in an attempt to normalize the previous overbought 1D technicals. It has already hit the 4H MA50 (blue trend-line) and that is the first sign of exhaustion. If the 4H RSI gets rejected on its Lower Highs trend-line (testing it today), then expect a short-term pull-back, which we will short and target 15750 (-2.25% decline and above Support 1).
We take this target as during a similar 4H RSI Lower Highs rejection (September 15), NDX decline initially by -2.25%, similar also with the October 12 rejection. We expect this symmetry to play out at least on the short-term before the end-of-the-year rally, not necessarily on the long-term, where we need to see a 1D candle closing below Support 1, in order to signal a short towards the 4H MA200 (orange trend-line).
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NASDAQ Megaphone top and Bearish Cross call for a pull back.Nasdaq / US100 is trading inside a Megaphone pattern and has just hit its top.
A similar Megaphone in late 2022 - early 2023 got rejected on a proportional (to today's) top, followed by a 1day MACD Bearish Cross, which pulled the price back to the 1day MA50.
We are about to form a 1day MACD Bearish Cross on that exact same level.
Sell now and target the 1day MA50. Projected contact around 15400.
Previous chart:
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NASDAQ: Final phase of rise is starting. Santa's rally.Nasdaq has been rising since October 26th and the bottom on the HL trendline of the year long Channel Up. The 1D technical outlook is bullish after turning overbought on Monday (RSI = 68.584, MACD = 265.250, ADX = 67.453). So far its structure is much like the rise at the start of the Channel Up during the whole month of January.
That one peaked on the 1.5 Fibonacci extenstion from the last LH, while the 1D RSI turned flat above the overbought margin and reversed. However the 1.5 Fib made a +20% rise. The November rally is already fractionally over the 1.5 Fib with the RSI also reversed after being overbought but the +20% extension is far from being completed. It will be done at 16,870. Consequently if we don't get a strong rejection by Monday (tomorrow is early close), we will buy any 1D candle closing over the 1.5 Fib and aim at near +20% (TP = 16,850).
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NASDAQ The target is no less than the All Time High.Nasdaq (NDX) smashed through our bullish target when we issued a buy signal (see chart below) 2 weeks ago:
Right now it is on a minor pull-back after hitting Resistance 1 (15930) yesterday, which is the July 19 High. That was the firs High of a potential Megaphone pattern and its structure so far resembles the Megaphone that formed the market bottom (October - December 2022) after the 2022 Inflation Bear Cycle.
Technically there are high probabilities that we are on the final bullish leg towards the Higher Highs trend-line, which in January 2023 extended as high as to complete a +20.50% rise. It also reached the 2.0 Fibonacci extension. A repeat of that magnitude would push the index marginally above the 16780 All Time High (ATH) of November 22 2021, and that is our current medium-term target.
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