Nasdaq Unleashed -Today’s thoughts: 01-NOV-2024Happy New month Traders. Let’s dive into today's Nasdaq market analysis. Share insights, and potentially spot opportunities for good pips.
USTEC.F trade ideas
NASDAQ 100 Sinks on AI Cost Woes - Full Target Breakthrough HIT!NASDAQ 100 (NDX) Analysis using Risological Swing Trader:
In the 15-minute timeframe, NASDAQ 100 (NDX) demonstrated a powerful bearish move, with all targeted profit levels being achieved in a swift drop. This short trade setup showed significant follow-through as investor sentiment shifted negatively due to concerns over escalating AI expenses reported by Wall Street's megacaps.
Key Highlights:
Entry Level: 20,429.42
Target Levels:
TP1: 20,323.94
TP2: 20,153.26
TP3: 19,982.58
TP4: 19,877.10
Stop Loss: 20,514.76
Context:
This bearish momentum aligns with Wall Street’s close on a lower note as major tech giants highlighted rising costs linked to AI developments. The day's range fluctuated between 19,880.26 and 20,227.19, underscoring the volatility and risk aversion among investors. The setup capitalized effectively on this negative sentiment, reinforcing the bearish outlook.
Summary:
This trade on NASDAQ 100 hit all targets with precision, benefiting from the broader market's reaction to heightened cost pressures in the tech sector. This downward move underscores the impact of macroeconomic concerns on equity performance, particularly in high-cost sectors like AI.
US100 Trade idea Nov last weekWe can see more volatility next week and we can see big moves ahead of election.
Trade with Sl
Mentioned three Scenarios for trading next week.
Nq potencial bullish flatSeems like NQ is in a Bullish flat formation, that will take another few weeks maybe couple months to resolve.
Still Bullish longer term as long as August low is not pierced!
Long around b (in blue) of 3 (green) to new ATH's... then we'll be looking for signs of bearishness and entry to short for a big 5 waves down!
MY NAS100 LONG IDEA 31/10/2024Direction: Long
SL: 1950-1966
Indicators:
1. MA (20,50,100,200)
2. Trendline - Algo
3. Support and Resistance
4. Fib Level
5. I also use MT5 - Tradingcentral tools
Technical:
1. MA 20 still above 100 and 200 so I believe we still have room for bull run.
2. Red trendline was broken so we have a price drop but I also see a possibility for the price to and breakthrough the green trendline.
3. Price is dropping to a Support zone and I have a confirmation on Tradingcentral tool on MT5.
4. FIB level at golden zone.
5. Tradingcentral tool signaling DECLINE but price is bouncing off of the support area at the moment.
Fundamental and economic:
1. US economic data is looking good we had a bunch of data that negatively impacted the prices but I think these are good retracement opportunities.
2. I use Edgefinder tool which shows me a score of 5 "bullish" on Nasdaq.
3. We are in Q4 and usually this is where we find good setups for long run.
"US100 Bearish Bat Pattern Signals Potential Trend ReversalIn the US100 market, a Bearish Bat pattern has formed, signaling a potential trend reversal. This harmonic pattern typically suggests that an upward trend may be losing momentum, opening up the possibility of a downturn. The Bearish Bat consists of four legs labeled as X-A, A-B, B-C, and C-D, where each segment aligns with specific Fibonacci retracement and extension levels. When the D point completes near the 88.6% retracement of the X-A leg, it acts as a potential reversal zone (PRZ), indicating that sellers may enter the market, leading to a bearish shift in price. Traders often watch for confirmation at this PRZ to initiate short positions, setting stop losses just beyond point D.
Price hit Daytrading target successfully on NQHello traders,
After building a beautiful set up and waiting from yesterdat for price action to give us a high probability winning trade, price hit target successfully and and moved to our favor as i described. I am really very happy with the trade of today.
Good luck everyone and Happy trading.
US100 Short IdeaWednesday US100 already making Smart Money Reversal.
Today is expanding toward the targets.
Only Paper this due to tomorrow of NFP and Election
NASDAQ 100 - 31/10/2024 Daily IdeaSetup for today. Oversold conditions.
Once news drops we should expect a sweep of the lows at 20,115 grabbing sell-side liquidity then expecting the price to shoot up to fill the daily gap that was made at the start of the new trading day. This is in line with the continuation of the upward hourly trend which will grab buy-side liquidity. Beware of potential new ATH today after major earnings are reported.
NAS100 - LIFE GIVE YOU A SECOND CHANCETeam, NAS100, you know you love it
lets bring it to the moon when the US market open
Entry slowly at 20198-20215
STOP LOSS at 20155
target at 20245-52 - once it hit the target, bring stop loss to BE
Target 2 at 20265-72
Target 3 at 20292-20315
How AI is Becoming a Bearish Factor for the Nasdaq 100How AI is Becoming a Bearish Factor for the Nasdaq 100
In 2024, the Nasdaq 100 index (US Tech 100 mini on FXOpen) has risen by approximately 20%, with optimism around the integration of artificial intelligence (AI) acting as one of the bullish drivers.
However, yesterday's reports from Microsoft (MSFT) and Meta Platforms (META) indicated that AI, as a factor influencing stock prices, may be shifting from a bullish to a bearish driver. The issue lies in the rising expenses that these tech giants are incurring in the race for leadership in this area.
Earlier today, we noted that due to increasing expenditures, MSFT shares fell by roughly 4%, despite a strong earnings report.
A similar trend is seen in Meta Platforms' stock: actual earnings per share and gross revenue exceeded analysts’ expectations. However, due to high capital investments, META shares in pre-market trading today are around 3% lower than yesterday's opening.
Meanwhile, technical analysis of the Nasdaq 100 (US Tech 100 mini on FXOpen) index chart indicates several bearish signals:
→ Since mid-September, price fluctuations have formed an ascending channel, constructed using linear regression (shown in blue). However, following the reports from Microsoft and Meta Platforms, the index value has sharply dropped from the upper half of the channel to its lower boundary.
→ The pattern of peaks A-B-C-D shows that bulls find it difficult to maintain momentum: each successive peak only slightly exceeds the previous one, followed by a decline.
Considering this information, it is reasonable to assume that the current ascending channel may be unable to drive the price to the July 11 peak and could be breached by bears. Additionally, the formation of a bearish channel is not out of the question (its preliminary outline is shown in red).
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NAS100 SELL ANALYSIS DOUBLE TOP PATTERN Here on Nas100 price form double top and there is a chance of falling more if price reach 17425.24 and so trader should look for SHORT and target profit of 15895.37 and 14449.34 . Use money management
Beautiful retrace into sellside, great levels to buy fromThere should be a good long happening from this range.
The leg that pushed down is a Judas sell run that never swept any of the 4H highs so all off it is structureless making it easy to be long into the FIB levels ✅
Nasdaq Intraday Review - Tuesday 12 Nov 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 5:30 am GMT (00:30 am EST)
Economic news - None, CPI on Wednesday
News - None
Directional bias - I stick with a BUY as I view the red candles on the bigger TF as a retracement rather than a change of market sentiment. I would need a bit more price action evidence to be convinced that we are in a bear market....up until then, I continue to look for buys in what I see as a bull market.
Morning analysis:
M TF - very bullish, candle is 11'000 pips strong at time of writing (Tuesday morning). Still 17 days to go until candle close but definitely indicative of strong bull sentiment overall
W TF - week candle has turned red (at time of writing on Tuesday morning), indicating that price is in an area where bears have stepped into play. Need to be careful and need good confirmation for entering a buy, as bears may still push for a further retracement. Time to whip out sell fibs on the smaller time frames and start analysing those too to understand if price is respecting these sell levels and sell TP points. This does not mean I waiver from my directional bias as a buy, but it helps me set buy TP's (possibly at strong sell fib levels) and understand bearish price action.
D TF - D TF shows price stalling at this zone. We have a doji candle from Friday and a red (colour change) candle from Monday. If bears do push for a lager TF retracement, then it can be expected that price will move down significantly, as the D and W 0.382 fib level is 3'800 pips down.
4H TF - price seems be to struggling to break the 0.50 sell fib level (4H candles are failing to close above this level at C, D, E and F on the chart). Long wick candles are forming with wicks sticking out the top, indicating that bulls are trying to push higher but bears are successfully pushing back down at the 0.50 SELL fib level and the 0.618 SELL fib level. Looking at the line chart, a head and shoulders pattern is forming, with a neckline slanted upwards (indicated in blue lines). If bears break this neckline downwards, the price could move down and test the 4H EMA. The blue vertical line represents the distance that price would most probably move down if the neckline is broken (price usually moves the same distance as the height of the market pattern). Buy fib in the morning was drawn from swing low at A. to swing high at B.
1H - Monday and Tuesday's pivot points are close to each other. This indicates that price is in a strong area of S&R. It remains to be seen if this zone will act as a support for a push up, or resistance for a push down.
As the morning progressed, a falling wedge started forming on the 1H TF, as marked by the torquoise lines.
Falling wedge pattern usually breaks upward, but can break in either direction.
Due to strong bearish presence, I decided to only enter if the 1H TF gave a signal. 1H TF is pretty strong on Nasdaq and I would manage my risk this way.
Entered a buy at the hand icon - Confirmations:
1. Trend - a buy is in the same direction as the overall trend. I prefer trading with the trend as “the trend is your friend”.
2. S&R - price broke the pivot point + EMA with a good momentum candle.
3. Market pattern - a falling wedge pattern had formed which broke upwards. The temporary downtrend line (the top line of the falling wedge was broken) indicating that the temp downtrend was over.
4. Fib - price was respecting the 4H BUY 0.382 fib level (written in purple) and price finally broke the 0.50 SELL fib level
For me all of this was strong confirmation that buyers had stepped in and that price was ready to move up.
Mental SL placed below the lowest candle wick below the falling wedge, as indicated by the pink line.
Unfortunately for me, price moved straight back down and I closed in my stop loss area when candles started closing below my pink line.
Took a loss of 568 pips. Not too bad pip wise, but because I felt the confirmations were solid, I entered with a full position size.
After that I was out for the day, as I "felt" (intuition that comes with LOTS of screen time) Nas wasn't moving as it normally does.
What could I have done differently?
Some part of me puts this loss to variance i.e. sometimes price will do what it wants and move against you no matter how good confirmations were.
But another part of me recognises that the green candle I entered on (at the hand icon), closed at exactly the same price point as the green candle under B.
From B. you can see that price moved down significantly from this point. So I basically entered a buy at resistance. I should have waited for the next 5min or 15min candle close to be sure that the resistance would not push price back down again (which is exactly what happened).
I won't be trading CPI, I feel that in high impact news, I am not able to stack the odds in my favour.
So hope you did better than me, good luck with CPI and catch you tomorrow! :)
P.S. #NasdaqNerd - don't you think its so cool how price really did move down to the profit target (end of blue vertical line)! It happens so regularly that price respects market pattern profit targets so perfectly :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
NAS100 afternoon updateBearish case for NAS100.
From October 2022 low, wave ((5)) would complete with contracting ending diagonal (wedge).
Wave ((3)) is 3.618 fib length of ((1)), and wave ((5)) is 1.618 fib length of ((1)).
Technically sound.
"$OM: MANTRA's RWA Dominance Unleashed, Google Partnership to FuI believe #MANTRA will lead the #RWA bull run soon ⏳
NASDAQ:OM is the king of RWA sector, they have already launched the Mainnet and they now have a fully legal complaint Layer-1 blockchain.
Recently MANTRA announced Google Cloud as a validator.
Google and MANTRA are also collaborating on an accelerator program for RWAs, to go live in Q1 2025.
Soon we will see big partnerships which will boost and expand their ecosystem.
NASDAQ:OM to new ATH soon 🕉 🔜
#MANTRA #Google #Altcoins #RWAs #OM #Mainnet
NAS100 Hits 1-Year High, Caution AdvisedHello,
PEPPERSTONE:NAS100 has reached a new 1-year high at 21257.75, with a continuation expected despite strong selling pressure. However, caution is recommended at these elevated levels.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
11-11 Nas100:Same as with the Dow, the Nas is also with a big profit. we have placed a buy at 21170. Our trade system gives the following signals: Score 5, Cot Data 2, Retail sentiment 0, Seasonality 2, Trend reading 1, GDP -1, Manufacturing PMI -1, Services PMI 1, Retail Sales 1, Inflation 2, Employment Change -1, Unemployment Rate 0, Interest Rates -1.
