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NAS100: Bearish Signs, But Bullish Trend HoldsHello, PEPPERSTONE:NAS100 is showing signs of further downside after closing below the 1M PP, which suggests more potential for decline. However, the 1D support structure is still holding firm and providing continued support. If we see a break and a sustained move below this level, it would confirm additional downside. That said, the overall trend remains strongly bullish, and we have yet to see conclusive evidence of a bearish reversal. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
PEPPERSTONE:NAS100
by TradeWithTheTrend3344
Nasdaq Intraday Review - Thursday 2 Jan 2025I 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 - Initial jobless claims @ 13:30 News - None Directional bias - Not sure, will decide after analysis Morning analysis: M TF - Doji formed on the M TF, with a long upper wick of 11'636 pips. This indicates that bulls may have run out of steam to push price higher. Sellers may be entering the market at this point. So price could either be stalling at this level and then push through upwards, or bears may take control at this level and push price down. Price action on the lower timeframes will answer that question. W TF - DT has formed and price is currently below the neckline. The candle for this week has not closed yet and so we don't know for sure if neckline is in fact broken downwards (can only reach this conclusion once the candle is closed). But either way, price is very bearish, with sellers currently holding price below neckline. Also have a temporary uptrend line on W TF seemingly broken downwards (again can't know for sure until this weeks candle closes). D TF - I interpret the chart to indicate a massive DT with the neckline broken downwards. So I see very bearish price action. The Day candles have closed below the weekly DT neckline for 2 days in a row - very bearish. But in the early morning trading of today, price spiked down low and bulls have managed to fight back and push price higher (at time of writing). So maybe the W 0.618 level is holding strong. 4H TF - Bulls have pushed past the 4H 0.382 and 0.50 fib levels and price now at the 4H 0.618 fib level. This indicates that bulls have found strength. Also we have a small dojiísh green candle, followed by a gap up and the a long wick bullish green candle that has a body that is much larger than the previous candle. This indicates that bulls are (so far) building momentum upwards, even after a strong bearish push down (the long wick). However, price is at a very strong S&R zone (as indicated by the red highlight), so it remains to be seen if bulls can break this resistance zone. 1H TF - Early this morning there was a DB formed right at the W 0.618 level. If I was awake then, I definitely would have taken that buy. Price moved up and broke the pivot point + the 30min & 1H EMA, indicating that price is very bullish. Falling wedge pattern noted on the 4H and 1H TF (as marked in blue lines). These tend to break upwards, but can break in either direction. So the higher TF's are bearish and lower TF's are bullish, meaning we do not have TF confluence (all TF's are not saying the same things). I have already missed the buy, so I think considering the bearish indications on the higher TF's, today I will look for a sell! I will wait until the lower TF's are also giving bearish signals and then we will have TF confluence i.e. all TF's giving bearish signals. If that doesn't happen and price moves up, then I am happy to sit on the sidelines and wait a day or two until Nasdaq direction is clear again. The 7am 4H candle closed with a candle body bigger than the previous 4H candle. Indicating that bulls are picking up momentum and effectively breaking the 0.618 sell fib level. As the day progressed: A nice DT formed at the 4H 0.618 fib level. Entered a sell at the bottom hand icon - Confirmations: 1. Fib - 4H 0.618 fib 2. Trendline - temp uptrend broken downwards (as marked with the light blue line) 3. Market pattern - DT on 30 min TF with neckline broken down which formed at the top of the falling wedge pattern (i.e. at the downtrend line) 4. S&R - DT formed on strong S&R zone 5. Candle sticks - none Mental SL placed at the thick pink line, which was above the highest close of the DT peak. Price moved upwards with strength and momentum and closed a 15min candle above my mental stop and I closed my position - took a loss of 560 pips Turned out just to be a spike upwards when the 30min candle closed red with a long wick spike sticking up. Nasdaq can be such a bi@@tch sometimes with it's hectic spikes. So I re-entered a sell at roughly the some level as my first entry. Unfortunately for me, price moved up again, because the 1H + 30min EMA provided dynamic support. I closed my position at the blue arrow, taking another loss of 550 pips. So that's more than 1'000 pips on a full position size. This trade would have been higher quality if the 30min and 1H EMA's were broken down too. Then even though I had identified the red highlighted zone as a strong area of confluence for a sell (4H EMA + D 0.318 + W neckline), I took no action when price got there. Usually on area's of interest, I would move down to the 5min TF and take a position once a price reversal pattern forms. However, I am so used to working in a bullish environment that my brain didn't register what to do in a bearish environment. It sound's dumb because I literally didn't click that I need to take action now. I am not used to applying my strategy in reverse. So what I should have done is enter a sell again at the squiggly line on the 5min DT. Would have made a few thousand pips. But would have, could have, should have. Point is that I didn't take the sell and I do know from the past that I struggle to apply my strategy in reverse. Lesson: Write actions directly on my chart for bearish biases. I do take comfort from the fact that my analysis was ultimately correct (at time of writing), I just didnt find the correct entry today. Out for the day, I like to limit my daily losses to 1'000 pips. I know I can easily make this up and prefer to live to trade another day than trying to revenge trade. Hope you had a better 1st day trading than me! :) The total bullish move for the day was 3'100 pips (at time of posting) I captured ZEROOOOOOOO % of the total move AAAAAHHHHH :( Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
Bullish Nasdaq & short term correctionIts obvious Nasdaq is Bullish on HTF i.e long term and given good handsome return also. At te same time in Bullish Index or Stocks short term corrections are sharp as well nasty also to elimnate weak hand from position. Here it likely to resume a strongest upside leg (wave5 inside a wave3 of HTF) before a time consuming downside leg wave4. Marked in red color 23.6% Fib level possibly breached to test 38.2% (lesser probability). Prediction or study invalidated below 38.2% Fib level. Conservative entry may be planned on Day closing above 61.8% (in black) as confirmation. SL management as per Fib.
NASDAQ:NDX
by tradingwick
Nasdaq Intraday Review - Monday 30 Dec 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 News - None Directional bias - BUY, all higher TFs are bullish Morning analysis: M TF - Bullish, but long wick starting to appear which indicates the pressure from bears - at time of writing, wick is 7'295 pips W TF - Potential W neckline identified. On line chart candle closes have managed to stay above upward trend line. D TF - Price came up to retest the DT (marked with green lines) and failed to successfully break the neckline upwards. Bears stepped in and pushed back down, now (at time of writing) it seems D EMA is acting as dynamic support. As the day progressed: Tried a small buy position at the top hand icon, but it turned out to be a fake out and I took a small loss (+- 300 pips). Confirmations: 1. Market pattern - DB on 30min TF 2. S&R - D EMA seemed to be acing as dynamic support 3. Trend - temporary pink downtrend line broken upwards 4. Fib - DB forming right at D 0.382 fib level Mental SL placed at the thick pink line i.e. half the height of the DB pattern. As candles started closing below my mental stop, I closed my position at 300 pips loss. Price was unable to break through the 30min EMA. If Nasdaq is particularly bullish or bearish, price will react to the 30min EMA. I was wary of this when I entered and so I entered my buy with a small position, ready to scale in if price moved my way. However, price moved down significantly, tapping the W 0.618 fib level and the D 50 EMA. Here price started to consolidate and formed a DB on the 15min TF. Entered a full position size buy at the blue arrow icon - Confirmations: 1. Market pattern - DB on the 15TF, with a strong momentum candle breaking the neckline upwards (marked in turquoise lines) 2. S&R - strong D S&R zone (marked in red highlight on the D chart), from which price has significantly moved at A. and B. This level acted as resistance at A. and support at B. evidencing that this level is strong. 3. Trend - The temporary downtrend line (marked in orange) was broken upwards, indicating that price is no longer respecting this downtrend and is ready to move upwards. 4. Fib - Price wicked down to the W 0.618 fib level and the DB formed just above this level. This indicated that price is not only reacting to this level but also gave a trend reversal signal (DB pattern) at this level. 5. Candlesticks - A red inverted hammer candle formed on the 30min TF, just before the break of the 15min DB. This candle is bullish in nature and shows that bulls have entered the market and tried to push price higher, but bears did not have the strength to push price down significantly past the candle open. Indicates bearish loss of momentum. Mental SL placed at the thick pink line, placed below the W 0.618 fib level and below the candle wicks sticking out below this fib level. Price moved up nicely and I closed my position at 1'300 pips at the top blue arrow when price made a reversal pattern on the 15min TF (DT). YEAR END CLOSING: After today's nice profit, I decided to close out my trading year and so I wont be trading tomorrow. This year was my best trading year yet. I made 72% ROI and I can't help but say how proud I am of the progress I have made. It's been a long road, but seeing the returns slowly building is very rewarding. I hope you had a great trading year! And if not, this is a reminder that it is possible. It's extremely hard, but it is possible. Just keep going! All the best for 2025! :) Hope we make some good $$$$$$$$$$$$$$$ :) The total move for the day in the direction that I was looking for was 3'118 pips: I captured 42 % of the total move and looking at the candles, I am happy with that. Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
US100 - Key Levels and Recovery Potential in Focus🚨 US100 Market Update 🚨 Today’s price action on the Nasdaq (US100) is displaying a recovery from a strong bearish impulse earlier in the session. Let’s dive into the chart and key actionable levels: Key Levels: Resistance Zones: Bear Day: $21,380 is a critical resistance level. A breakout above this zone could pave the way toward the Close Day/Week level around $21,500. Sellers are heavily defending this zone, making it a key battleground for the day. Support Zones: Bear Week (Yellow Dashed Line): $21,260 is providing strong intraday support. This level needs to hold for the bullish recovery to sustain. Day - ATR: $21,120 represents the lower bound for today’s session. Breaching this level could trigger accelerated selling pressure toward $20,960. Bullish Swing Zone: The $21,240 region aligns with the start of bullish interest. A confirmed bounce here could lead to upward momentum toward the next resistance levels. Volume Profile Insights: High Volume Nodes (HVNs): A significant volume cluster exists between $21,260 and $21,300. This zone is pivotal for determining market direction. Low Volume Nodes (LVNs): A gap near $21,180 suggests potential for rapid price movement if the price revisits this area. Market Structure: The recovery off the lows is showing signs of strength, but resistance at the Bear Day level has yet to be broken. The Volume Profile reveals a consolidation near the mid-range of $21,300, indicating indecision in the short term. Strategy Suggestions: Longs: Entry above $21,380 with a target of $21,500 and $21,520. Stop-loss near $21,320. Alternatively, consider buying near $21,240 if bullish momentum resumes. Shorts: Entry below $21,260 targeting $21,120 and $20,960. Stop-loss above $21,300. Scalping Opportunities: Use the range of $21,260–$21,380 for intraday scalps until a breakout or breakdown occurs. Final Notes: Nasdaq is currently range-bound, and key levels like $21,260 (support) and $21,380 (resistance) will dictate the next move. Watch for volume spikes and strong candle closes to confirm any breakout or breakdown scenarios. 🔔 Are you bullish or bearish on Nasdaq? Let me know in the comments!
CAPITALCOM:US100
by peteramner
US100: Correction Complete, Downtrend ResumesIn US100, it seems we have completed a correction in the form of an upward Zigzag. This was followed by a five-wave structure to the downside, signaling a shift back to bearish momentum. I anticipate a brief corrective move upward, likely forming a three-wave structure, before the market continues its decline. This setup aligns with the broader downtrend, and traders should remain cautious, watching for the correction to complete before considering positions in line with the bearish outlook.
SKILLING:US100Short
by The_Traders_Memoirs
NASQ100 - just be patient, it will be going up! Hello mates, 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 trade on what we see the price movement on chart. A key part of my discipline is always setting a Stop Loss when opening a trading position. This ensures every trading position is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
FX:NAS100
by QQGuo-Shane
Purely TechnicalOn the close of last week Friday, nasdaq found support at 21,300-21,280… A closer examination of the 15-30min timeframe chart shows a *double bottom* chart pattern formation… Going into Monday, we’re looking of price to slightly pullback to the support zone at for buy entry. Price will be retracing to for profit taking . If price does consolidate at this lvl sell positions can be entered for further continuation of the pending fall to 50 day moving average 200 day moving average
FOREXCOM:NAS100Long
by ronyneverlies