Us100
US100 NAS100 Technical Analysis And Trade IdeaIn this presentation, we undertake a thorough analysis of the NASDAQ US100, concentrating on the prevalent bullish sentiment within the 1-month (1M) and 1-week (1W) timeframes. Significantly, our charts reveal that the US100 is currently approaching a critical resistance level, marking a pivotal juncture. Throughout this discourse, we delve into the fundamental principles of technical analysis, encompassing essential elements such as assessing the existing market trend, price dynamics, market structure, and other crucial facets of technical analysis. As we proceed through the video, we meticulously examine a potential trading opportunity within the NAS100.
It is crucial to emphasize that the insights shared in this content are intended exclusively for educational purposes and should not be interpreted as financial advice. Engaging in foreign exchange market trading carries a substantial level of risk. Therefore, it is imperative to judiciously incorporate robust risk management strategies into your trading plan to effectively navigate these challenges.
NASDAQ: Short term sell opportunity.Nasdaq hit our TP = 15,000 as since our last idea (chart at the bottom) we took full advantage of the whole LH leg of the Channel Down. With the 1D technical outlook now just slightly bullish (RSI = 56.567, MACD = -24.590, ADX = 32.703) despite the seven day rally, we are looking towards a short term pullback that will test the buying strength and investor commitment towards a long term rise.
Consequently we are going short here, on the RSI rejection on R1, targeting the 0.382 Fibonacci retracement level (TP = 14,750).
See how well our prior idea has worked:
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NDQ, NDX, Nasdaq, Us100 setupIf price should trade above my Take profit 15209.56 - 15210.69 before 9:30am NY time on the 6th of Nov 2023, then I favor a market reversal to take profit below. But if market doesn't do that, I look for a direction which I believe the market should be going. Idea will be updated frequently.
This is a daily chart
NASDAQ About to test the MA50 (1d). Break out and rejection planNasdaq is posting the 3rd bullish leg inside the Channel Down pattern on the 1D time frame.
It is about to hit the MA50 (1d), above which all prior Lower Highs have been priced near the 0.786 Fibonacci level.
The medium term trend remains bearish until this level gets broken.
Trading Plan:
1. Sell on the current market price.
2. Buy if the price crosses over the 0.786 Fibonacci level.
Targets:
1. 14650 (near the 0.382 Fibonacci level, where both Channel top rejections made the first drop).
2. 15330 (Resistance 1 and previous Lower High)
Tips:
1. The MACD (1d) just formed a Bullish Cross. The previous two were formed half way through the rises, so it is possible this one is stronger, hence our bullish break out option.
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Notes:
Past trading plan:
US100 Technical Analysis And Trade Idea NAS100In this video, we conduct an extensive analysis of the US100 NASDAQ, with a primary emphasis on the prevailing bullish price swing observed in the 1-day (1D) and 1-week (1W) timeframes. Notably, the currency pair is approaching a pivotal resistance level, indicating the potential for another leg down. Throughout our discourse, we delve deeply into the intricate facets of technical analysis, encompassing the current market trend, price dynamics, market structure, and other pivotal elements of TA. As we progress through the video, we take a look at an potential trade opportunity.
It is of utmost importance to underscore that the information provided in this presentation is intended solely for educational purposes and should not be construed as financial advice. It is imperative to recognize that engagement in foreign exchange trading carries a substantial degree of risk. Consequently, it is vital to judiciously integrate robust risk management strategies into your trading plan.
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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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.