Bullish pullbackThe indice is currently dropping to find support after breaking a bullish trend. Immediate support structures are regions of bullish pullbacks only and if the current selling pressure does not break and stabilise below 19600.
US100 trade ideas
NASDAQ: Approaching lower supports. Two levels you can enter.Nasdaq has turned neutral on its 1D technical outlook (RSI = 52.116, MACD = 179.950, ADX = 45.004) as it failed to make a new High above the LH trendline and is being pulled down towards the 4H MA200 and 1D MA50. Those two are the major support zone and buy entry. But before that, the first is where the price is right now, at the bottom of the dotted Channel Up. The 4H RSI is almost on the S1 level (33.50), which has been the buy signal for October.
So the first buy entry is now, aiming at a +4.50% increase (TP = 20,950). If it fails, add another just over the 1D MA50 and take profit on both after again a +4.50% price increase (TP = 20,650).
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US100 TRADING SETUP Weekly Chart Analysis:
Key Price Levels:
Current price: 20,095, hovering near the 20 SMA at 19,609, acting as immediate dynamic support.
Volume Profile Point of Control (POC) sits at 18,403, previously serving as support during significant pullbacks.
Price trading within the Bollinger Bands, indicating possible consolidation or slight correction before a stronger move.
Price Condition:
The weekly chart remains in a strong uptrend, with price holding above key moving averages (50, 100, and 200 SMAs).
Recent candlesticks show indecision as price approaches resistance at 20,400.
Volume Profile highlights an HVN around 19,700, reinforcing support at that level.
RSI:
RSI at 59, near neutral, with a slight downward slope, indicating weakening bullish momentum without overbought signals.
MACD:
MACD remains positive but shows a slight downward cross, signaling potential short-term correction or slowdown in the uptrend.
ADX:
ADX at 13.36 reflects weak trend strength, suggesting a consolidation phase. A stronger ADX reading is needed for a renewed upward move.
Daily Chart Analysis:
Key Price Levels:
Immediate support at 20,111 (20 SMA) and further support at 19,695 (50 SMA), with a high volume node around 19,582 suggesting strong support.
Resistance at 20,513, aligning with previous highs.
Price Condition:
Recent price action shows a pullback from highs, with tightening Bollinger Bands, potentially indicating an upcoming breakout.
Supertrend has switched to a sell signal, warranting caution for bullish positions.
RSI:
RSI at 52.95, indicating neither overbought nor oversold conditions, with weaker momentum after declining from recent highs.
MACD:
Daily MACD has crossed downward, with both the signal and MACD lines below zero, signaling increasing bearish momentum.
MFI:
MFI at 72.82 indicates strong capital inflow but is approaching overbought levels. Watch for a sharp correction if MFI turns down.
Chaikin Oscillator:
Chaikin Oscillator remains flat, showing no significant accumulation or distribution. Neutral signal for now.
ADX:
ADX at 24.93 suggests moderate trend strength. The market is likely to pick a more decisive direction soon.
Summary of Setup:
Weekly Chart: Bullish trend remains intact, but momentum is slowing. Key support lies at 19,600 (20 and 50 SMAs), with major support at 18,400. Resistance is at 20,400.
Daily Chart: Short-term weakness is evident, with a potential pullback to the 20 SMA (20,111) or 50 SMA (19,695) offering better long entry points. Volume profile suggests strong support near 19,700. A breakdown below this level could lead to deeper correction toward 18,500.
Trade Idea:
Bullish Scenario: Look for a bounce around 20,100–19,700, supported by the 20/50 SMAs and volume profile. A bullish turn in RSI and MACD could confirm a re-entry for long positions.
Bearish Scenario: A break below 19,700 could signal a deeper correction toward 18,400, with further downside potential if support fails.
NAS100USD / TRADING ABOVE DEMAND ZONE / 1H NAS100USD / 1H TIME FRAME
HELLO TRADERS
Prices Declined to Target ,As mentioned that the prices have already declined and reached a previously set target. This likely indicates that the price moved lower to a level anticipated by prior analysis.
Trading Above Demand Zone , Prices are currently above a “demand zone,” which is an area where buying interest is expected to be strong enough to support the price from declining further. Being above this zone indicates some stability and that the asset is holding its ground.
Stabilizing Above the Demand Zone , If prices stabilize above this zone, it could suggest an upward trend. This signals that the demand is strong enough to prevent further decline, encouraging buyers.
Targeting Supply Zone , The text suggests that if prices continue to remain above the demand zone, they may increase to reach the supply zone between 20,361 and 20,405. A supply zone is an area where selling pressure might start, potentially capping price gains. This range is likely a price target where sellers might step in.
Risk of Breaking the Demand Zone , If prices break below the demand zone, a decline could occur, with the next demand zone between 20,084 and 20,041 being the likely target. This suggests that the asset could continue its downtrend if buyers fail to defend the current demand zone.
Confirmation of Downtrend , The downtrend would be confirmed if the price breaks through the lower demand zone, meaning the asset could continue to fall if it fails to find support at these levels.
NAS100USD / AFTER EARNING Q3 / 1HNAS100USD / 1H TIME FRAME
HELLO TRADERS
After the Q3 earnings report was released, prices showed volatility (declines and increases), suggesting market uncertainty or instability.
Current Price Level , Prices are currently below the supply line at 20,382, indicating downward pressure.
Downside Projection , If the decline continues, the price may reach the demand zone between 20,184 and 20,138. If it falls further, the next target range is between 20,084 and 20,041.
Upside Potential , If prices break above the supply line (20,382), the analysis suggests that prices could rise toward a supply zone between 20,460 and 20,523.
Range and Time Frame , The price movement is taking place within the range of 20,041 to 20,523 on a 1-hour time frame, which means this analysis is for short-term trading.
Supply Zone : 20,460 and 20,523.
Demand Zone : 20,184 and 20,138 , 20,084 and 20,041.
US100 Bearish Bias with Potential Support Test at 20135Prior to the sell-off, there was some consolidation followed by attempts to move higher. However, the price failed to maintain upward momentum, leading to the current breakdown.
The current price action is strongly bearish, and the support at 20135 will be crucial for the next move. A break below this level could extend the bearish trend, while a bounce could lead to a short-term recovery.
NASDAQ LONG Looking for continuation setup. Going to LTF to look for longs in the selected poi with my target being 20477.3
NAS100 - UPDATE FOR MARKET OPEN SOON IN 2 HOURSTeam, please refer to the shorting price range, stop loss and target
We are preparing for the NAS100 in 2-3 hours.
We are planning to short at 20428-35 - with STOP LOSS at 20485 (from previous 20460)
Target 1 at 20383-76
Target 2 at 20334-26
Target 3 at 20257-45
PLEASE NOTE: We prefer to short the position. Long can be a little risky.
Please be patience for the price movement.
Once it hit our first target, please take some partials and trail stop loss to BE.
Nasdaq Outlook: 23-OCT-2024Good morning. Welcome to today's Nasdaq market analysis and educational insights for price action traders.
NAS100 - SEE YOU SOONTeam, yesterday we short before market got 120 points - all target hit
then we went long got more than 200 points - all target hit
NOW, we are patience and waiting game, once the price is form at 20425-20443 - WE WILL SHORT
With stop loss at 20465 - but suggestion at 20485
TARGET 1 at 20383-76
TARGET 2 at 20337-26
TARGET 3 at 20272-66
PLEASE NOTE: Once the price hit first target, please ensure take partial and bring stop loss to BE. Many Thanks
NAS100: Resistance Test at 20,325.442Hello,
PEPPERSTONE:NAS100 is currently testing resistance at 20,325.442, where the price is lingering. If this level holds as support, we may observe additional upward movement. Conversely, if it breaks, we could see further tests of support levels, potentially heading toward the 1-month pivot point.
TradeWithTheTrend3344
Mid Week Analyses 22/10/24
Welcome Traders,
Price has continued to consolidate within a range 20,524-20,063 for almost 2 weeks. Following the 23H HL signalled at 20,063.6, price has now retested the previous 23H HH thereby signalling a new 23H LH.
Since the 23H LH has now been signalled at 20,476.7, every timeframe from the Daily down, is at their highest point. As previously mentioned, the Daily TF still at a High and is in need of its HL to resume the uptrend of HH HL.
One important thing to note is the time taken for the 23H TF to signal its respective HL and now LH. The 23H HL was signalled in only 2 days while it took 5 days for the 23H LH to be signalled. Furthermore, it took 6 bullish candles to recover one bearish candle which signalled the HL.This is important to pay attention to because retracements are usually marked by extended periods of consolidation with low volume. Signs of buyer exhaustion are often indicated by small bodied bullish candles.
The 23H is LH is back at a resistance level where price previously retraced. This resistance level is indicated by the red zone. So it is possible for price to form a double top pattern and begin its retracement. Once price breaks the 23H HL at 20,063.6, the daily HL will signal.
Trading Plan:
1. I am only entering a swing buy position which can only be achieved by buying at the lowest price. Whereas the market may present short term opportunities, I am continuing to exercise patience waiting for a deeper retracement signalling the Daily HL.
2. Once the price retraces on the Daily TF, this will present a swing buy opportunity for me to enter.
3. Even if price continues bullish to break ATHs first, I will not enter the trade trying to chase the highs. Price must eventually retrace to signal a Daily HL and so it is just a matter of when.
NAs 100 ill be Patient to buy This thing is ready to do something and all i can say is I'm waiting for my daily area to get touched and ill see what happens
NAS100 - TIME FOR REVERSALTeam, this morning we short NAS and has 120 points drop.
NOW we are long at 20435-20445
STOP LOSS either at 20197 or SAFE 20152
TARGET 1 AT 20305
TARGET 2 AT 20328
TARGET 3 AT 20368
please note: Once the market break above 20300 bring STOP LOSS to BE.
NAS 100NAS is bullish on Monthly, Weekly and Daily. From the Daily chart perspective. Price could come down to the 20,179 range. Waiting to see how price reacts fib levels on 4H and how price reacts on the 1H orderbloock #'#LuxAlgo.
NASDAQ Is Approaching A Decent SupportHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 20230 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 20230 support and resistance area.
Trade safe, Joe.
Nasdaq Analysis for today: 22-OCT-2024 Good morning, traders! Today's Nasdaq analysis will help you achieve your trading goals. Let's work together towards success.
NAS100 - TIME FOR REVISIT Team, I am shorting NAS100 at 20358-65
STOP LOSS at 20455
Target 1 at 20347-42
target 2 at 20290-95
target 3 at 20239-45
NOTE: once the price hits our First Target, bring stop loss to BE. Do NOT forget to take partial profit
US100 Analysis: Strong Buy Signal Detected US100 Analysis: A clear buy signal has been detected, indicating a potential surge in the market. Stay updated with our latest insights on the US100 index and capitalize on this opportunity. Follow for expert analysis and accurate trading signals. #US100 #BuySignal #Trading #StockMarket #ElliottWave #ForexSignals
DreamAnalysis | NASDAQ's Next Move Key Levels and Market Outlook✨ Today’s Focus: NASDAQ (US100) – A Market Mover
We delve into the latest price movements and analyze key market levels to uncover potential trends.
📊 Current Market Overview:
Currently, the price is consolidating within the 4-Hour Imbalance zone, formed after breaching the Previous Month High and retracing lower. Additionally, Smart Money Technique (SMT) is evident at highs, correlating with ES (SPX500).
🔴 What to Expect: Short-Term vs Long-Term Scenarios
Explore potential outcomes for both short-term and long-term perspectives, outlining bullish and bearish possibilities for day trading.
🗣 Short-Term Outlook:
In the short term, expect the price to consolidate around the Imbalance and SMT levels, potentially targeting the Previous Week Low (PWL) as a liquidity draw.
🗣 Long-Term Outlook:
Long-term projections suggest a possible retest of the Previous Week High (PWH) followed by a decline towards the Equilibrium (50% level) of the current monthly range.
🕓 Key Levels to Watch:
These critical levels could significantly influence price action:
- PMH: Previous Month High
- PML: Previous Month Low
- PWH: Previous Week High
- PWL: Previous Week Low
- BSL: Buy-Side Liquidity
- SSL: Sell-Side Liquidity
- Daily FVG: Fair Value Gap (Imbalance zone)
These levels denote potential areas for liquidity absorption or market rebalancing. Fair Value Gaps (FVGs) represent zones where price retracement may occur before resuming its trend.
📈 Bullish Scenario:
Currently, a bullish stance is not anticipated. However, on lower time frames, identifying Low Resistance Sell Side Liquidity (LSSL) could precede targeting higher levels such as the Previous Week High.
📉 Bearish Scenario:
The bearish scenario aligns with the short-term outlook. Currently bearish, lower time frame analysis can refine entry models and points for enhanced trading confluence.
📝 Conclusion:
Remain adaptable as market conditions evolve. Vigilantly monitor these critical levels and setups to refine your strategy and identify high-probability trade opportunities.
🔮 Looking Ahead:
Stay tuned as we track NASDAQ, DXY, EUR/USD, and other major markets. Timely insights will follow as trends develop.
⚠️ Disclaimer:
This analysis serves educational purposes only and not as financial advice. Always conduct thorough research and consult a licensed financial advisor before making investment decisions.
