NASDAQ | ALL EYES ON BULLSDespite negativity on banking system default. NASDAQ is on the move with bulls printing new high everyday.
Technically speaking, US100 is trading in bullish flag with the breakout target comes at 15000. But we will move step by step. The upcoming resistance comes at 12900 which is horizontal level.
Previously, NASDAQ printed triple bottom around 10650 where the neckline comes at 12100. The target of triple bottom comes at 13700.
All signs shows strong bullish momentum. Any dip will be buying opportunity with appropiate stoploss.
Let us know what do you think of the idea?
Ustech100
Nas100 H1Good day everyone . Took a day off yesterday to monitor the balance of market after NFP I'm happy with thr results.
This trade idea of a short position is well planned and confirmed on the daily chart . We have a big liquidity sweep that's need to be taken on out . So please take this trade cautiously.
Targe of this trade setup is to catch 450points , it'll be a swing trade . Let's trade smart
nas100 short tradelooking at RR I got a short entry level which im not going to miss . market is giving us impulse correction setup .. ride along 300 points drop will do me good
Nas100 ( update )Earlier on I shared this trade idea on the demand zone which help up the entire day . I'm to see market is preparing a bullish reversal for us to take long positions
Nasdaq's journey post breakout/ rates to look out for 06.02.20232 possible scenarios:
1) Price continues to charge forward post big "falling wedge" pattern breakout up, targeting 15,300 as breakout target (equal distance of wedge width measured from breakout) with 12,800 "rising wedge" resistance broken this scenario will be confirmed.
13,600 is in the way and could be correction back down 12,200-300 once reached, or can charge above to 15,300 straight.
2) Price drops from "rising wedge" resistance at 12,800 and breaks below 12,200 "rising wedge" support, which could target lower to 10,800 which would be retest of "falling wedge" breakout and target of "rising wedge" breakout combined.
A lot depends on FED policy and market sentiment, suggestable action would be once "rising wedge" (12,800 to 12,200) breaks down or up, indicating a much more clear direction.
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Do your own research and always trade with caution.
I am here for any questions or comments, would appreciate any interaction A LOT!
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Nasdaq reversed to bearish, looking short tradeHello traders 👋
According to 1 day chart, Nasdaq index is ready to do it's last downward movement. Hence I've prepared my analysis on how to trade in the bearish market. Many said rise from the previous low point; 11050 indicated beginning of bullish market. On the other hand, I think it is the 4th wave correction. Therefore I will continue to do short for the long term.
NAS100 Bearish forecastThe US100 has copmleted a Bearish Gartley harmonic pattern. From what we know of the Gartley is that from point D it reutns to point A. We however can't risk holding this indice with the yet another recession knocking on our doors. Another thing to consider is that we are currently overbought on our RSI, we should see this index plummet down to the $10 000 area
We will now sell the NASDAQ100 Index/ UStech100 and take partially close our positions on the listed take profit points (TP) listed above.
Please share your thoughts.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Nasdaq Analysis Hello Everyone,
The market has so far played beautifully as analysed. Now we have reached a area of strong resistance 12039; this area has had price rejection in the past many time. However I can see this breaking soon. Price may come down close to 11878 area before breaking 12039, Or it will soon break 12039 without a pullback. When it does break, price will go to areas between 12159- 12431.
Nasdaq AnalysisHello everyone,
The market had some beautiful clear bullish run and we are now at the top of the channel. Two scenarios this may play, firstly price may pull back to areas of 11581 before continuing to go up to 12159 area. OR price may just break 11878 area and continue going uo to 12159. Either way I am bullish with the market.
Check my profile for more info
Nasdaq Analysis Hello Everybody.
The market played really nicely to the analysis from Monday. Now we will probably see price pushing down to the levels I drew earlier. These levels were mentioned in the previous analysis. The price will most likely now come down to 11334 IF the centre channel line is broken. if that happens nothing it stopping it going down to levels of 11236- 11138. Bare in mind we will have many pullbacks if market does come down so do wait for these pullbacks. Also if price decides to go up from here then I would like to see a break of this channel. Break of this channel up can break a major trend line on the daily time frame which may change the dynamics to the trend from bearish to bullish!! We will wait and see how this plays