US30US30 at resistance if can break resistance can rise to next resistance at 33817 - 34058 - 34269
if can't break resistance can drop to suport at 33503 - 33314 - 32922 - 32750 - 32620
Ustech100
NASDAQ TRADE IDEA - PRICE TRAPOverall I'm looking to go SHORT on Nasdaq, but for now on the smaller time frames we are looking to pus price up to 13550 for the big horn - if everything matches up nicely we should be able to grab shorts @ 13550 before FOMC
nasdaq updateafter big move to above 13000 , now is time to go down for completing wave E of contracting triangle , after making this we have a big move to reach all time high
Nasdaq Analysis Falling Wedge Hello,
Currently, we are in a consolidation box, and the market seems to have intensified significantly. I have also observed a falling wedge pattern, which I believe will eventually break to the upside. Although it's unclear if we will see a breakout of the box, I will be prepared to analyze the situation once it happens. It's worth noting that there was an attempt for a downside break, but it turned out to be a false breakout.
Please refer to my previous post for the levels that I will be monitoring, and I will keep you updated on any developments. If you would like a more detailed analysis of the lower timeframe, please let me know.
Short USTECHPossible short bias on the USTECH. Daily bias still stuck in some consolidation but i believe we have a pending short before going bullish to take out some weekly liquidity.
Relatively equal lows present around 12925 therefore, posible target. Entry is premature as London open has not occured yet.
Nasdaq Analysis Hello,
Since my last analysis, I have been closely monitoring the market and wanted to provide you with an update. Despite some fluctuations, we have yet to witness a significant shift in the market. While we did experience a push out from the wedge, we have remained within the confines of the consolidation box.
However, I must emphasise that the current build-up of market is quite intense, and I anticipate that we will experience some substantial movements very soon. If you have not already done so, I recommend reviewing my previous analysis for a comprehensive understanding of my projections for the market's future direction and what levels to watch out for.
NASDAQ TRADE IDEA - A BREAK?Crown Club managed to maximise the sell off yesterday on the Head of the head and shoulders pattern.
The market has been crazy moving sideways - the volatility is mainly caused from earnings and the wait of what the FED will do at the next FOMC meeting in May - remember that all the evidence we can gather now on where interest will be in the next FOMC meeting will influence the markets.
'Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time' - As a member of the FED, this statement from CNBC could potentially lead markets further down and with earnings out now we could see a potentially good window for investors and firms to grab profits while stocks are "doing good" - majority of retail traders would follow direction of the market and news, what do I mean by this?
If APPL does good with earnings you would expect price to go through a bull run, all though this is still a possibility I see this as an opportunity for BIG investors to cash in profits - hence the recent volatility and consolidation.
Be prepared for a lot of fake out and sl sweeps this week.
Nasdaq Analysis Hello,
From yesterday's analysis you can see the price done as I expected. The prices has broken out the wedge I drew yesterday but we are still in the consolidation box. Now the price may come back retest the wedge and continue going up or this could be a fake break push price back down to the lows of the consolidation and then breaking down.
For Bulls: 13306- 13516
For Bears: 12813- 12417
I will be looking very closely for the bull run and even if we push down il still be looking for bull entries. As the market is still very bullish!!
Nasdaq 4Hr TF AnalysisHello,
My previous post I analysed the weekly timeframe and I mentioned how the market has been consolidating and now on the 4 hour chart you can see the build up of the consolidation. We can see we are getting closer and closer for this break. We have had few fake breakouts, which we want to avoid getting caught in.
I would wait for a break of 131200 area or 12840 area to decide to get a safer entry weather you go buy or sell short term.
Nasdaq Weekly TF Analysis Hello,
I will start this weeks analysis with the weekly so we can see what has be going on with Nasdaq. To begin, let's take a moment to appreciate the positive changes in the market. In the beginning of the year, the Nasdaq broke from a downtrend, resulting in a change of direction for the market. This is a great sign for investors, and it's important to capitalise on this momentum while it lasts.
From a technical standpoint, the Nasdaq appears to be in a strong uptrend, with no significant signs of weakness or reversal at the moment. This is a great opportunity for long-term traders to consider buying at low prices. It's important to keep in mind that Nasdaq follows trends religiously, so it's essential to stay focused on the trend and not diverge from it. As we move forward, let's keep our eyes on the trends and make wise investment decisions.
In my next post, I will provide an analysis of the lower timeframe to give us a better understanding of what the market is doing right now. I look forward to sharing more insights with you.
NASDAQ TRADE IDEA - EARNINGS WEEKNASDAQ / US30 TRADE IDEAS
Potential bullish week ahead, waiting for financials to get released to determine whether I will be bullish or bearish.
There are a lot of opportunities to get in long positions so we will wait for price and try avoid the false break outs.
INVERTED H&S ON NASDAQ Morning everyone,
Looking at this inverted H&S move play out today for Nasdaq - if price breaks the shoulder zone I would I really hold sell positions to 12935 - 12820
If preteen is respected we will look to take some long positions on the formation of the shoulder.
A LONG AWAITED SUPPORT?Personally been waiting a while for this long position, let's see how the market reacts today (10/04/2023) on the NYSE open
Nasdaq Moving as PredictedNasdaq is currently running in profit after the call outs made last week.
We can expect some support as we are selling of in to discount, so be aware.
Scenarios:
-If price breaks 12800.00 we will likely see 12500.00 next.
-If price holds 12800.00 we can expect bullish PA back above 13000.00 and beyond.
Two sides to a coin so be aware of both possibilities.
Make of this what you will. I do this for free.
Good Trading!
Nasdaq Pre-Market UpdateNasdaq reacted from the equilibrium of the most recent up leg. If we hold the momentum of this leg and push higher we can take out BSL as marked out. However if we respect the area at around 1378.00 we can expect lower prices.
I'll wait for market open to see what level the market is going to be attracted to next.
Nasdaq Potential ShortsAs we can see Nas reacted from A HTF POI marked with the orange box. Since then we have seen Bearish OF out of that area breaking structure of a medium term swing low. If we get a retracement higher in to the FVG of the bearish leg and confirmation on the LTF we can expect lower prices in to Liquidity areas and the FVG noted by the dotted line.
BULLISH OR BEARISH?Nasdaq is currently in a strong bulls market - all though there are a lot of signs both technically and fundamentally for it to go down, the bulls have taken over this area in the market. Today we will go with market direction rather than fighting the market.
We will wait and see what price does at 13130 - if it respects ema and tl then we will go long to resistance (13205) and ideally end off at 13315.
If price breaks ema and TL we should see price head down to 13044 and potentially lower.
Overall today should be clear for a 700-1000 pip move.
USTECH100CFD 31 MARCH 2023 (NASDAQ)Findings:
1) Dow Theory Previous HH broke possibly will make new HH.
2) Cup and Handle breakout neckline breached.
3) Bullish Flag Formation Hight point breached.
4) History: In correction phase never goes sides ways, always makes V shape recovery in Daily Time Frame.
Analysis:
Strong Buy Call, Buy on Dips
Trade Plan:
ENTRY 13002
STOPLOSS 12460
TARGET 1 13430
TARGET 2 13850
NASDAQ BULL RUN?The bulls have taken over considering majority of technicals and recent fundamentals pointing at a price correction.
Due to APPLE releasing its new payment method and headset enticed bulls to push pice up, I still see the overall move being a SHORT but if the bulls continue pushing price higher up we could see 13033 really soon.
