NDQM trade ideas
CHART BREAKDOWN NASDAQ: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell spanning from 20,470.00 to 20,510.00, respectively, is highlighted.
Things I Have Seen👀:
Important Demand Zone🟢: Identified between 20,470.00 and 20,510.00 serving as a low-risk sell.
Bearish Targets📉:
20,430.00: Possible retracement area.
20,370.00: Possible retracement area.
20,300.00: Possible retracement area.
20,200.00: Possible retracement area.
20,120.00: Possible retracement area.
19,900.00 : Liquidity area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
NASQ 100Hello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position, which ensures every trading is risk managed. My 1 to 1 trading training is available, please message. Trade well and good luck!
Long US100, NAS100, NASDQ, NQ - Swing PositionLong, it will hit tp in 1 week, great risk to reward trade, swing trade.
Please Note: I have BE the other trade I have open on this, I want to close it on BE and keep this position running for long.
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
NSDQ China & Canada trigger “tariffs retaliations selloff”The tech-heavy NASDAQ dropped yesterday, underperforming the market, while the Mag-7 fell 3.09%, now down over 10% in the past two weeks. Nvidia led the decline, plunging 8.69%. The Nasdaq 100 (USTec) index maintains a long term bullish outlook supported by its long-term uptrend. However, recent price action suggests a corrective pullback following the all-time high, bringing the index to a key technical support zone.
Bullish Scenario:
The 20280 level (200-day moving average) serves as a critical support zone, aligning with the long-term rising trendline.
A pullback towards this level, followed by a bullish bounce, could reaffirm the prevailing uptrend.
Upside targets include:
21200 (key resistance)
21450 (50-day moving average)
21620 (20-day moving average)
A strong rebound from 20280 could reinforce bullish momentum and set the stage for further gains.
Bearish Scenario:
A confirmed breakdown below 20280 with a daily close beneath this level would weaken the bullish structure.
This could trigger a deeper retracement, leading to downside targets at:
19990 (next key support)
19560, if bearish pressure intensifies
A sustained loss of 20280 may indicate a broader correction, potentially shifting sentiment in favor of sellers.
Market Outlook:
The 20280 level is pivotal—holding above this support will sustain the bullish trend, while a decisive break below it could signal extended downside risks. Traders should monitor price action and volume at this critical level to gauge the market’s next move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
NASDAQ SELLS Bearish Breakout (Most Probable): The price breaks down from the ascending triangle. This could involve:
Rejection at 20,486.0 followed by a break below the lower trendline of the ascending triangle.
Direct break below the lower trendline without significantly testing 20,486.0 again.
This would signal a continuation of the downtrend established by the bearish BOS.
Continued Consolidation (Less Probable, but Possible): The price might continue to trade within the ascending triangle for a bit longer. However, even in this case, the underlying bearish pressure would still favor a bearish resolution eventually.
Unexpected Bullish Breakout (Least Probable): While less probable given the bearish BOS, an unexpected bullish breakout above 20,486.0 is always possible in markets. However, for this to happen, there would need to be a significant shift in market sentiment and buying pressure to overcome the established bearish momentum. This would be considered a lower probability scenario given the current chart context.
NAS100USD Will Fall! Sell!
Here is our detailed technical review for NAS100USD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 20,454.4.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 19,860.0 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NASDAQ Index Analysis – Daily TimeframeThe NASDAQ Index is currently in a corrective wave, and for now, it may remain range-bound in terms of time.
🔹 The key support level in the long-term timeframe is 19,800. Once the correction phase is over, the index could resume its upward movement toward 23,300.
🔹 In the medium-term, the critical level to watch is 21,200.
📈 If the correction completes, the expected growth is approximately 20%.
NAS100 - How Overbought is NASDAQ ?How I see it:
I just felt it necessary to share the bigger picture.
1) NAS100 Has been overbought since JUNE 2023.
2) Price has broken a very significant 7 Month Bullish Trend a week ago.
3) Severe 1W TF Divergence!
Keynote:
I am not stating that NAS100 will fall all the way as indicated.
It is however very peculiar if you take your FIB from where the
divergence began @ 14050.00 up to the ATH @ 22237.00.
The indicated re-balancing of the divergence falls right between
71-79% retracement.
Thank you for taking the time to study my analysis.
NAS100 Bearish (Descending Trend, DOW LLs)NAS100 Unable to sustain above previous daily high. Overall indexes are seeing sell pressure with RISK ON instruments such as AUD and NZD showing sell off. Technically, bearish trend is not broken and DOW Lower Lows (LLs) still intact. Fundamentally Indexes will remain bearish.
Trade Setup:
Entry at Previous Day High (CMP)
SL at previous LH.
TP at 1:1 and 1:2