NAS100 US100 Technical Analysis and Trade Idea NASDAQTaking a look at the NAS100 currency pair, a significant development comes to light: it has reached a pivotal support level following a substantial bearish trend. At this juncture, it becomes increasingly evident that the NAS100's price has over extended, potentially indicating an imminent retracement.
As is customary, the accompanying video in this description provides an examination of critical factors, encompassing aspects such as price action, market structure, and various essential elements of technical analysis. It is essential to underscore that the information conveyed in this content is exclusively intended for educational purposes. Under no circumstances should it be interpreted as financial advice. Consequently, it remains of utmost importance to implement rigorous risk management strategies when engaging in trading endeavors.
Us100
Dow Jones Index (US30): Important Breakout & Bearish Outlook
An important thing happened on US30 Index.
First, the index broke and closed below a major rising trend line
and closed below that on a daily.
Second, a key horizontal support was also broken yesterday.
The broken support and a trend line compose the expanding sell zone.
I suggest shorting the Index from there, expecting a fall to 33700 support.
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NASDAQ Is this what the markets fear the most?More than a month (August 16) ago we called for caution on Nasdaq (NDX) after calling for a short on the 1W MACD Bearish Cross formation (see chart below):
This analysis didn't receive the attention it should as it delivered bad news that market participants wanted to ignore. The 1W MACD Bearish Cross on such a high level hasn't been seen since 2021 and that brought memories of the Inflation Crash.
This week the index broke below the 1D MA100 (red trend-line) for the first time in 6 months with the 1W RSI turning neutral below 55.00 after being massively overbought from late May to late July. So far this looks like a healthy (and much needed) correction, similar to the 1D MA100 hit-and-rebounds of October 26 2020, March 01 2021, May 10 2021, September 27 2021.
The common characteristic on all was that no 1W candle closed below the 1W MA100 and no selling sequence broke below the Support provided by the first candle that approached or hit the 1D MA100. This time that Support is at 14550. So far the current pattern resembles more the August - October 2020 fractal as the 1W MACD Bearish Cross is the widest while also formed after an incredible rally from the market bottom (it was the COVID flash crash recovery then). Check also the 1W RSI which is remarkably symmetrical.
Also every such fractal that didn't cause a crash, broke quickly above a Lower Highs trend-line. The only one that didn't was the market peak fractal of November 2021.
In our opinion, as long as Nasdaq holds the 14550 Support, it will become a buy opportunity the moment it breaks above the Lower Highs trend-line. In that case, we will resume our 16770 long-term Buy Target (and All Time High). If however it closes a 1W candle below the Support, we would expect a sharp sell-off to the 1W MA50 (blue trend-line), as it happened on the January 17 2022 candle. In that case we will need the fundamentals that will surround the market at the time, to determine the risk of buying at 13500 (projected contact level with the 1W MA50.
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US100 ~ 4H Bullish Pennant (1H update)CAPITALCOM:US100 tapped & held above confluence.
US Flash Manufacturing & Services PMI release could bring in some big swings in either direction...however intuition tells me majority of implied volatility will manifest next week with US data points:
Wed - CB Consumer Confidence
Thurs - Final GDP (q/q) | Unemployment Claims
Fri - Fed Chair Powell Speech | Core PCE Price Index (m/m) | Revised UoM Consumer Sentiment & Inflation Expectations
Play-by-play looks the way..
US100 is testing strong support level!The market had priced in the no rate changes, however, the FED members' expectation of one additional hike and keeping the rates high in 2024 created a downside pressure for the markets. Although the record of the FED members' predictions for these matters is very poor, the market decided to use this opportunity for the traditional sell party in September.
SKILLING:NASDAQ is testing a strong support level again. We have huge volume support here. Breaking here means visiting 13600 levels. Having said that, the initial reaction is positive, and OBV and RSI show some bullish signals.
I believe keeping the rates at the same level is a positive sign since it indicates a strong economy. I am expecting a strong rally until the FED realizes that they messed up and needs to cut rates. Then it would be very bloody!
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NASDAQ Heavily bearish. Short the next bounce.Nasdaq / US100 has turned bearish on the medium term after crossing under the 1day MA100.
The 4hour RSI is oversold so on the short term we can see a rebound, that will be ideal for a new short position.
So far it follows the structure of the prior selling sequence (July 19th-August 18th) and proportionally we are on the spot where the bounce happened on Fibonacci 2.0.
The closer to the 4hour MA50 it gets, the better. Sell and target 14430 (Fibonacci 2.786).
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NASDAQ US100 SUPER BEARISH !! H&S FORMED hello guys ,
as i previously analyzed last weekend on the weekly tf nasdaq or us100 is very bearish in my eyes.
as i predicted perfectly the price closed below a bullish trendline and it failed the create a higher high also forming a double top.
i highly highly request from you that you take a good look at my last week analysis
today on the daily tf it looks like a head and shouldrs was formed waiting for the break out of the neckline for the full confirmation.
it looks very very bearish to me , i am open to hear you ideas and insights
NASDAQ: Below the 1D MA100 after 8 months! Attention needed.Nasdaq crossed under the 1D MA100 today for the first time since January 20th (exactly eight months) with the 1D technicals turning bearish (RSI = 38.504, MACD = -53.900, ADX = 32.187). Following a much more hawkish than expected Fed yesterday, the market is taking this opportunity to take profits on a relief pull-back after what was basically a non-stop rise throughout the year.
From a purely technical perspective, the pattern that has the most probabilities to emerge is a Channel Down. Assuming a perfect symmetry on its LL legs, we expect the current wave to be the bearish leg that will take it on a -8.72% decline to the bottom of the Channel Down. We will sell as long as today's candle closes under the 1D MA100 and target a little over S2 (TP = 14,300).
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US100 NAS100 Technical Analysis and Trade IdeaThe US100 index has recently faced notable downward pressure, as evidenced by the chart displaying a robust bearish movement towards a key support level on the higher time frames. In our video, we meticulously analyzed various aspects of technical analysis, including trend market structure, price action, and other crucial factors. Towards the latter part of the video, we also delve into a potential trade opportunity for the NAS100. It's important to note that all information provided in the video is purely for educational purposes and should not be interpreted as financial advice. Trade the NASDAQ with sound risk management.
NASDAQ Channel Down buy signal. Short term.Nasdaq is trading inside a Channel Down pattern after the August bullish wave failed to cross over the Falling Resistance of the July High.
The price is currently off a bounce at the bottom of the Channel Down and around the MA200 (1h), which makes it a buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15450 (top of Channel Down and Falling Resistance).
Tips:
1. The MACD (4h) formed a Bullish Cross on the same level as the Channel's prior Lower Low. An additional buy indication.
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NASDAQ Bottom of the 2023 Channel but watch out if it breaks.The Nasdaq Index (NDX) has been basically trading sideways and around the 1D MA50 (blue trend-line) since September 07. This led the price to the bottom (Higher Lows trend-line) of the long-term Channel Up pattern that has been in effect since the December 29 2022 market bottom. The key Support trend-line has been the 1D MA100 (green trend-line) which has been holding since January 20.
As a result, this is the most optimal level to enter a buy (bottom of the Channel Up) and target Resistance 2 at 16570 (January 04 2022 High). If however the price breaks below the 1D MA100, we will take the loss and instead open a sell, targeting the 1.5 Fibonacci extension at 13900, on a potential contact with the 1D MA200 (orange trend-line).
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US100 NAS100 Technical Analysis and Trade Idea NASDAQIn this video, we conduct a comprehensive analysis of the US100. Over recent periods, the NASDAQ has encountered notable bearish sentiment, resulting in a substantial downward movement towards a critical support level. Within the video, we delve into the prospect of a potential trade opportunity with the NAS100. This analysis is grounded in a careful assessment of price action dynamics, market structure, prevailing trends, and consideration of pivotal support and resistance levels. As always, it's imperative to emphasize that the content presented is purely educational in nature and should not be regarded as financial advice or guidance.
NASDAQ A WARNING OF A POSSIBLE CRASHhello traders i hope you had a profitable week , today we are taking a look at US100.
since the beginning of 2023 Nasdaq Started a Bullish Move from 10690s to 1590s.
Analysing the WEEKLY tf we can see that the buyers dominated the market which caused the price to form higher and higher highs and forming a BULLISH TREND LINE .
But it this summer it seems like the buyers are weakening since the price recently failed to form a higher high instead it broke market structure and formed a lower high.
The RSI indicator can confirm this statement as it indicates a Bearish divergence since the beginning of june (price forming higher highs on chart but lower highs in rsi).
indicating the strenght of the buyers is declining.
we can also spot A reversal pattern the DOUBLE TOP which also indicates this possible bearish reversal.
Here are our Bearish Clues :
- Break in Market structure
- DOUBLE TOP formed
- Bearish RSI signal
Confirmation : Break of the Bullish Trendline
Extra Confirmation : Break of the double top neckline.
i believe the market my start a strong bearish move that will push the price down atleast to the 14000s.
i post SETUPS and analysis for free on my trading view for FREE be sure to follow me to not miss out.
this is not financial advice just my humble opinion trade safe !
🔥decided to make this particular post public, as a direct update to the last public midnight session (if you don't know what that is, you probably don't need to).
>i've shared both the bull and bear idea, and having the time to really observe the markets over the last couple of week including every possible factor which i could think of, i've gotta say - things really do look bullish.
70% of the whole market is short, which gives us incentive to squeeze higher, likely beyond anyone's greatest expectations. people are frightened for some reason, and jpow is ready to hike rates higher, which is bullish historically. the market will generally push up until jpow pivots, which he clearly told us at the jackson hole meeting that he is not going to do yet.
so i'ma bring up an old post of mine, one which really highlighted this situation nicely. if you are curious as to why any of this is even happening, i'd like to you read the original post:
have a nice evening.
what the actual fork? [nasdaq edition]good eve'
check out this beautiful pitchfork on the nasdaq.
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what i'm depicting here is a 2.618 expanded flat,
which is an expanded flat with an extension in one of the legs.
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these are usually designed to push bears out of the market due to high short interest.
unfortunately, what usually ends up happening is bears keep shorting, and the market keeps squeezing -
which results in these over-extended moves.
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