Us100
NASDAQ: Critical breakout ahead that can send it to 22kNasdaq is almost overbought on the lower time-frames but just turned bullish on 1D (RSI = 55.402, MACD = -62.050, ADX = 25.952) and the main reason is that it closed over the 1D MA50 yesterday. This can't be considered a bullish signal on its own as the LH trendline is right over it and is being tested today. If broken, it is very likely to see the next bullish wave of the Channel Up. The previous two waves confirmed the uptrend after a candle closed over the LH.
If that happens, we will aim for a new Channel Up HH at the end of the year, almost at +31% from the bottom (TP = 22,000) like March's High.
See how our prior idea has worked out:
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US100 19.220.6 +2.21% + S&P 500 MULTI TF ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at MULTI TIME-FRAME ANALYSIS on NAS 100 & S&P500.
NAS100 WEEKLY TF
* 2 WEEKS bearish run delivering from the -FVG On the NAS100 & S&P500 from the weekly might have just ran its course.
* With the week opening on a bullish run, looking for that monthly FVG TO HOLD.
* Looking for a bullish week close and continuation with the bulls.
* with a -FVG & -OB looking for a small reversal possibly short term but overall bullish.
* Because The weekly & daily TF show we are still trading in BULLISH conditions on the NAS100 & S&P500.
ON THE S&P500 M & W
* The setup is clearer or price action is somewhat cleaner.
MONTHLY
WEEKLY
DAILY TF
* Looking for violation of the daily FVG.
* To confirm bullish continuation
*S&P500
4H
* still bullish on NAS100 Trend cont. favored until otherwise price shows some significant bearish moves.
* otherwise choch + for bullish moves
* looking for a bounce of + OB
SENTIMENTS THE SAME ON THE S&P500
1H TF
* Sentiment remains, remain bullish unless otherwise.
* Probably be looking for LONG OPPORTUNITIES otherwise, We will see what does the market dish.
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
Nasdaq Thoughts 13-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
Nasdaq Thoughts 12-Sept-2024Kindly see my Nasdaq thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Nasdaq thoughts 10-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
Navigating the Nasdaq's Turbulence: A Peek into the Week AheadAs we head into the trading week, let’s zero in on some critical levels on the CME_MINI:NQ1! Nasdaq that are making the rounds in savvy financial circles. With a bit of a bearish vibe from the get-go, understanding these might just set the stage for some strategic plays.
Top Tier: 19,300 to 19,400
Keep your eyes peeled on this upper bracket. It's where the ceiling might just come crashing down with selling pressure. A lot hinges on how prices react here—will they retreat or break through unexpectedly?
Middle Ground: Around 19,200
Here lies the Fair Value Gap, a zone that often acts as a decision-making hub for the bulls and bears alike. If prices struggle to push past this, it might just reinforce the gloomy outlook for the week.
Entry Alert: Near 19,100
Thinking of going short? This could be your spot. The Optimal Trade Entry point around 19,100 is where the action could heat up, signaling a strong entry if bearish momentum continues.
Watch Your Step: Around 18,730
This level has history. It's served as a balance point before and could either prop up prices for a rebound or give way under bearish pressure, leading to further declines.
Base Camp: 18,300 to 18,550
Down here, if the floor gives way, expect the bears to rush in even stronger. It's a critical zone to gauge just how far the current sentiment could drag the market down.
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Abbreviations
D FVG - Daily Fair Value Gap
D OTE - Daily Optimal Trade Entry
Eq 4h - Equilibrium 4 hours
OTE 4h - Optimal Trade Entry 4 hours
NDOG - New Day/Week Opening Gap
NASDAQ Is an August Low re-test inevitable?Nasdaq (NDX) got heavily rejected last week on the 1D MA50 (blue trend-line) and almost reached on Friday its 1D MA200 (orange trend-line). That was the level that was brutally breached on the August 05 Low, which only found Support on the 1W MA50 (red trend-line) and rebounded.
Technically those last two MA trend-lines are the long-term Buy Zone of the 2-year Channel Up that started after the October 13 2022 market bottom of the Inflation Crisis. Based on the last two major Higher Lows of that pattern though, it is possible for the index to re-test that August Low as it happened both on December 28 2022 (re-test of the October 13 2022 Low) and September 27 2023 (re-test of the August 13 2023 Low). The latter in fact dived on a 3rd wave a little lower to test the 1D MA200, but this time, this condition has already been met (1D MA200 already tested).
This Low re-test tendency is also evident on the 1D RSI fractals among the Higher Lows sequences. If that scenario is materialized, it would give us both a big bullish and a big bearish development. From the bullish side, a 17300 re-test would form an exact Higher Low at the bottom of the 2-year Channel Up, which is positive as it will fulfil a strong bullish condition to move forward. On the bearish side though, that would mean a breach of the 1W MA50, which technically would be very negative, unless the 1W candle that will break it, manages to close the week above it on a strong bounce.
Until then, lets initially see if the 1D MA200 holds (currently early in the day/ week it does) as if the price reverses here, we can technically have a bottom similar to October 26 2023. In any case, Nasdaq is just above the 1st long-term Buy Zone currently.
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NAS100 Technical Analysis and Trade Idea US100 NASDAQ👀👉 The NAS100 has broken key structural support on the daily and 4-hour charts, signaling potential bearish momentum with the NASDAQ. I expect this downward move to extend towards previous lows, as highlighted on the chart. However, my approach is to wait for a bullish retracement early in the week, aiming to catch a reversal that confirms an entry for a short position.
It's important to note that this analysis is based on probabilities, not certainties. Always wait for price confirmation before executing any trades, as discussed in the accompanying video. The analysis provides a comprehensive overview of current price action, trend direction, and market structure. Keep in mind, this is for educational purposes only. Trading carries inherent risks, so make sure you have a solid risk management plan in place at all times. 📈✅
XAUUSD | Trade idea- **Gold Price:** Gold is holding above $2,500 ahead of the US Non-Farm Payroll data, having reached a high of $2,523 yesterday and currently trading around $2,517.
- **US Economy Expectations:**
- August Non-Farm Payroll is expected to increase by 164,000, up from 114,000 in the previous month.
- Unemployment rate is expected to rise to 6.5%, from 6.4%.
- **Rate Cut Probability:** The likelihood of a 25 basis point rate cut in September has decreased to 57% from 70% a week ago (CME Fed Watch Tool).
- **US Dollar Index:**
- Bullish outlook with minor support around 101.20/100.50.
- Near-term resistance at 102/102.80.
- **Gold Price Drivers:**
- **Global Stock Market:** Bearish, which is positive for gold.
- **US Dollar Index:** Bullish, which is negative for gold.
- **US 10-Year Bond Yield:** Bearish, positive for gold.
- **Technical Analysis:**
- **Support:** Near-term support at $2,470; a break below targets $2,449/$2,430.
- **Resistance:** Minor resistance at $2,520; a break above could lead to $2,525/$2,530.
S&P500 INDEX (US500): Strong Intraday Bearish Signal
Update for US500.
Earlier, we spotted a breakout of a support line of a horizontal
trading range on a daily.
Retesting a broken structure, the market formed a symmetrical triangle
pattern on a 4H time frame.
Bearish breakout of the support of the triangle gives us a strong intraday bearish signal.
We can anticipate a bearish continuation now.
First goal - 5450
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US Nas 100 another month drop?Hey traders
We have US Nas 100 here, nas is looking to sell down still for another month id say, so I will be looking to take a sell position on nas to take to the demand zone I have marked off on chart, I will update accordingly and will only be placing a buy limit if my trading criteria is met.
Would be great if you could leave a comment or liked and followed cheers.
This chart material is for educational purposes only / Demo account should be traded only.
Nasdaq - Very weak start of the stock market in September!The US100 is below the EMA200 and EMA50 in the 4H time frame and is trading in its descending channel
The index has reached the target of the downward movement of its previous analysis, and you can save a part of your sales position and place your SL in profit
If the index continues to decline towards the specified demand zone, which also intersects with the midline of the descending channel, we can look for buying positions for the Nasdaq index
An upward price correction of the index will provide us with new sales position with a suitable risk reward
NASDAQ won't correct again in 2024It has been almost 1 year (October 24 2023, see chart below) when we called for a mega buy opportunity on Nasdaq's (NDX) last bottom:
As you can see, the index started an insane rally sequence right on that weekly candle and didn't correct again that much before the recent July - August 2024 pull-back.
The gains from that bottom buy signal have been almost +50% and as the 1W MA50 (blue trend-line) was tested on the early August Low and held, we expect Nasdaq to resume and maintain the steady bullish trend for the rest of the year.
The next Target before it gives a medium-term correction again in our opinion is 22500, which is exactly on the 1.618 Fibonacci extension from the October 2022 market bottom.
The reason we project this target is because, as you can see on our October 2023 analysis above, we find remarkable similarities between the 2022 Inflation Crisis correction and the 2008 Housing Crisis.
This is what helped us give the mega buy signal in October, because the price formed a 1W MA50/MA100 Bullish Cross, the first since February 2010 and the correction was contained above the 0.618 Fibonacci retracement level. So with the 1.236 Fib already achieved during the current (blue) Channel Up (see how both recovery sequences take place within Channel Up patterns), the next in line is the 1.618 Fib at 22500.
According to all the above, the next time that Nasdaq could correct might be early in 2025.
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S&P500 INDEX (US500): Important Bearish Signal
US500 was consolidating for quite a long period of time around
the level of a current all-time high and formed a range.
After the release of the yesterday's US fundamentals, the Index dropped
and formed a high momentum bearish candle.
A daily candle closed below a support of the range, confirming its violation.
We can expect a bearish continuation lower now.
Next support - 5432
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This is our master plan to Heist US100 / NAS100 / US Tech Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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