Nas100 is printing bearish setups with Head and Shoulders Friends, let's take a look at the technically aspect of Nas100. From my previous analysis I mentioned of the broadening wedge that needed completion. The overall idea is Nas100 is printing quite a number of bearish setups. With the broadening wedge, there's high probability that price will be pushed to the downside and this will act as a continuation of price to the downside. We are already seeing bulls power getting diminished as they cannot be able to reach to the previous high around 16775.00 and price keeps on being rejected several times at 16400.00.
If we also take a closer look, we see that the current market structure is about to reveal a head and shoulders pattern. At this point bears are targeting and eyeing level 16000.00.
A complete violation of this level we will expect further downward momentum which will also trigger the head and shoulders pattern to be completed and violated.
Please keep in mind of these important levels:
16400.00 is now acting as resistance , a complete break above this level bulls will take the victory to the upside.
Meanwhile, 16000.00 is acting as support , bears completely violating this level to the downside will send price lower to at least 15700-15800.
Nonetheless, my bias at the moment is bearish.
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Take note that any trading decisions you take from this idea should be at your own discretion. This is not a trading signal, rather it should be a mere opinion of what I think price is about to do.
💡 Previous Forecast
💰 Outcome of the Previous Forecast
💡 New Forecast based on the broadening wedge formation
Ustech100
NASDAQ 100 STILL GOING LONG!I believe that nasdaq will return to highs again.
even though this covid variant came out.
Or it can drop more, I might be wrong.
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🔔 Proposed deal for this tool 🔔:
🔴Entry Point - 35791
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Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
Nas100 a healthy correction should be expectedNas100 is currently forming a rising wedge. I expect price to rise a bit up to complete this pattern. If bears defend the top of this wedge and push price down, we can expect strong bearish momentum that will push price down.
For clear bearish confirmation, we should wait for the wedge to be violated to the bottom. If this happens then bears will focus the rising trendline at around 16535.00.
We only take the short orders if the rising wedge play out, otherwise we can also expect bulls continuing to push price higher if the wedge is violated to the top side.
Please do your own analysis and follow your own trading plan.
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Be kind:)
Nasdaq 100Nasdaq us100 up & down wait for it . Check my analysis hope it will b correct . If u like it . Comment please
NAS100 - ATH's REACHING CRITICAL ZONE!NASDAQ is glooming at ATH for a few weeks and showing buyers' great interest. Some positive news and the extraordinary result keep its bull run intact. But now we are inches closer to a parallel channel resistance area around 16300 which was respected for a long time. So watch closely and any downside activity will lead it towards near-term support 15900. Good luck!
Nasdaq100 is targeting 16300 ahead of FOMC rate decisionNasdaq100 is targeting 16300 ahead of FOMC rate decision later today
🔍 Technical expectations:
🔹Bulls successfully violated the September 2021 high and for sure Nas100 is extending to 16300.00 psychological level which is also the high timeframe resistance of the rising channel.
🔹More to this, bulls will strongly defend the violated September 2021 high and it will take another big battle for bears to push price down below 15700.00
🔹As price is send to the resistance of the rising channel, we can expect more bearish pressure to the downside which will in turn challenge the September 2021 high at 15700.00 psychological level.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this.
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Nas100 is targeting the August/September highFor sure Nas100 is headed to the Resistance of the rising channel but before it reaches there here is what we can expect.
🔍 Technical expectations:
🔹Currently Nas100 is forming a broadening wedge which is about to be completed to the top.
🔹A break to the top of the wedge will push price to the August/September 2021 high where price will consolidate for a while or pushed a bit down for a slight correction.
🔹A complete violation of August/September high will set Nas100 for a new record high which of course will send price to the Resistance of the channel.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me so that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below 👍
Many wishes and trade smart!
Test for sale on Nasdaq 100We are in a key area, if it surpasses this last laterality, we will very possibly see new highs. We will wait for some setback to introduce the sale with the losses above the maximum of 1h.
This operation must have two objectives: The furthest below 14000 and the closest must be at 15000 .. Later it will be analyzed. We continue with the downtrend.
Expect Nas100 to roar again, next stop 15400A little pull back down is enough for Nas100 to roar again 😂
🔍 My expectations:
🔹A pull back down closer to 15000 psychological level will be enough for bulls to kick in.
🔹Psychological level 15000 and areas surrounding this are historical levels, looking back to August 2021, September 2021 and October 2021 these levels were a battle field for both buyers and sellers, the one that won took the crown.
🔹This time around I expect the bulls to wear this crown if they strongly defend level 15000.
🔹Supporting this idea are my previous analyses. Please follow the link below to view these.
🤗What do you think? Please comment below🤔
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Many wishes!
NAS100 Bearish forecast on the weekly timeframe NAS100 moving according to plan. I anticipate it to finalize the bullish trend hike by meeting point D before retracing back to complete the AB=DC bullish trend hike. I believe that we will only be bullish again next week Monday. Thus time heading for a new all time high to pop this bubble.
NAS100 Bearish forecastWe opened an early sell following the bullish retracement yesterday and are holding to complete our trend hike AB=CD. NFP gave us a clear confirmation that the US economic crash is very near. This is the second negative reading in a row and it appears that tapering is going as scheduled. We look to short NAS100 until we reach the support of our channel.
We have a symmetric triangle that we broke out of in favor of our bearish outlook (Please follow the arrow).
Share your thoughts.
keep buying/ Nas100 is bullish and here is whySlight corrections and even big corrections are part of the market, but never should we dismiss the fact that where the market tends to go it will reach and nobody can stop it, unless someone is Gorge Soros of our days. These are reasons why I believe Nas100 will continue to rise (refer to snapshot below):
1. After making a double bottom at around 14400 psychological level price quickly bounced up, breaking the neckline.
2. Before price reversed, bulls and bears battled, in a consolidation state, price formed a descending wedge, falling wedge whatever we can call it. This for me was a sign of trend reversal. Bears failed to violated the 14400.00 psychological level giving the battle to the bulls to take control.
3. Pull-backs can be expected but this is the battle that belongs to the bulls. I on my part I expect price to continue to rise just keeping in mind the trendline ahead of price where sellers might be defending price, but in overall Nas100 is bullish.
I wish everyone a great trading week.
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Not too late to catch the flight/Nas100 is bullishHello friends and traders,
Nas100 as I already predicted yesterday is on for another bullish run and when it does who can stop it? This can come as a surprise to a vast majority of traders because hey, it is a market with so much trillion dollars. That is why the market has no bell at least as far as I know, anything of that sort to alert us, "I'm now changing to bullish", I'm now going bearish," "take your profit now." Just imagine if the market had that sweet voice and we could hear that voice behind us at all time as we monitor our charts, telling us what to do and where to go from here and there like the 'google map voice'. Life could be much easier. How I wish there was such thing, because hey I could be a trillionaire by now. Hahahahaha. Jokes aside. Let's just admit it, trading isn't easy and it supposed not to be easy, because everything in life it needs diligent efforts and determination to make it work. We mustn't expect an easy-soft life because such life is not what make millionaires.
Back to Nas100, we see that it formed a double bottom, it was not so obvious at first, yes not even to me. I mean, have you ever waited for a person and as the person arrived you couldn't recognize him at the first glance until the person came closer and closer? That is how it is. The market at first it wouldn't look so clearer as what it intends to do. Until later, sometimes until price has gone far leaving us with, 'oh should I enter here?' 'Where will my stop loss be?'😜
I know, you are not alone.
For Nas100 I expect it to continue rising, you might not be too late if you didn't catch the flight. You may want to hop in, but with so much care, because as I said price has already went up and it depends to your risk tolerance, it depends to how much you are willing to loose because hey what if we see the unexpected? An airplane crashes unexpected, we can always expect unexpected. If it crashes what then? Will your account survive?
I mentioned about the double bottom. What is it? Some people call it a W-shape pattern. Yes it resembles a letter 'W'. Basically the market arrives at the level and bounced up twice from that level. It cannot be at exact line, yes, a level can make sense. Don't expect to see a beautiful 'W' letter as of that in kindergarten. Many would get in with buy as soon as the market breaks the neckline, some would wait for a retest to the neckline before going long. Whatever way that works for you, let's be good with it. Again, I'm not an expert in this field, I'm just another person trying to conquer the market, but it is not easy. I want to, but it is not an easy thing. We learn day by day, and we must keep learning. I don't know if Tradingview can allow me to mention many stuffs here, I want to uphold to the house rules, if something wrong is found in my ideas obviously it will be flagged off. We are here to share ideas and improve, so be kind to comment.
With many wishes,
Forexintelligence
Nas100 is preparing for a long bullish reversal😱Hello traders, hope you are enjoying your week so far😁
Just a quick update on Nas100. I like what I see and how it is positioning itself for a big bullish reversal. As we know, Nas100 is moving in an ascending channel and observing price action unfold at the support of this channel, I predict a strong bullish reversal soon. If a break out occurs on the support it will not be a big one and price will strongly reverse. Shorting this instrument isn't the wisest thing to do at this point in time, it's best to look for best possible entry for another beautiful flight to 17000.
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Trade smart😁