NasdaqThe scenario that can be considered now is that after a period of consolidation or minor correction, if there is a pullback to the broken level of $20,700 and its confirmation in the short-term time frames, the Nasdaq index could continue to grow and reach target levels in the ranges of 21,500 to Achieve $22,000. In case of correction, to better understand the continuation of the trend, it should be seen how the price will react to the desired level.
US100 trade ideas
Let's have a look at 12MHi! friends,
12M gave the perfect entry for the investors , being a pattern follower i always look for the possible patterns in every time frame , here i'm analysing the 12M, i could do it for 36M and 60 M also if anybody is interested
i will also post possible 12M patterns levels for this and next year already posted 12M levels for this year many time
nas100 weekly review - 8 nov 2024Hello guys! <3
I'm making my first video about nasdaq weekly review give me some feedback how you like it
Nasdaq Intraday Review - Friday 8 Nov 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Been quiet, dealing with a personal issue - but time to get back into trading.
Did my analysis at +- 5:30 am GMT (00:30 am EST)
Economic news - None today. Fed cut interest rates by 25 bps yesterday.
News - Trump won the US presidential election.
Directional bias - BUY. The strong upsurge in the stock markets are a clear indication that the markets view the US election results favourably. Bulls have stepped in with both volume and momentum.
Morning analysis:
M TF - Very bullish, current candle is 12'500 pips strong
W TF - Very bullish, fib levels moved up and now coincide with D fib levels = TF confluence and strong levels
D TF - Second day of highest D candle close. Bulls are dominating. Strong fib levels as coincide with W.
4H - Difficult to draw fib because price action just moved straight up, but used the line chart to give best estimate (fib drawn from swing low at A to swing high at B) and 4H 0.382 fib level lines up perfectly with pivot point. This is my interest area / area of confluence for today.
During the day:
Price formed a rising wedge on the 1H TF, marked with the blue lines.
Price broke the market pattern downwards and moved down past the market pattern profit target, marked by blue vertical line (i.e. price usually moves down the same distance as the height of the market pattern).
As price neared my area of interest, I noted a double bottom form on the 5min TF and entered.
Entered a buy at the hand icon - Confirmations:
1. Trend - a buy is in the same direction as the overall trend - the trend is your friend
2. Fib - price made a DB above the 4H 0.382 fib level - 4H fib levels are strong levels.
3. Market pattern - DB formed on the 5min TF with neckline broken upwards. I used the 5min TF because price was right at my area of confluence (I don't use this TF if price is not in my area of interest)
4. Candlesticks - doji candle formed on the 15min TF, thereafter, neckline of DB was broken upwards on the 5min. This indicated that sellers were unable to push price down beyond this point and that buyers stepped in.
6. S&R - DB formed above the D pivot.
Mental stop placed below pivot point, at thick red line.
Price moved up and is now re-testing the neckline of the 4H DT. Seems that as of now, bears are giving bulls a hard time.
Once price moved up sufficiently, I secured at entry (moved SL to entry) and am now effectively trading risk free.
My intention is to hold my position in case bulls can re-test and break the 4H neckline upwards.
If I get taken out before that...then I would be ok with a zero profit day for my first day back.
Hope you coined it during this incredible bulls rally the past few days! :)
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
US100 BULLISH SETUP Smart Money Play for US100
With US100 at all-time highs (ATH) and showing signs of overbought conditions, it’s best to look for a well-timed entry in line with the bullish trend, ideally after a slight pullback to a support level. However, caution is essential due to signs of weakening momentum on lower timeframes.
1. Pullback to Support
• Price is well above the daily Ichimoku cloud, the 13 EMA, and the 24 SMA, indicating a strong uptrend. However, the daily RSI has turned down slightly from overbought territory, and price is outside the upper Bollinger Band—these are often signals that a pullback or consolidation could be near.
• For a lower-risk entry, wait for a pullback to key support levels. The 20,600 range aligns with a previous price level where buyers stepped in, making it a key support to watch.
2. Monitor for Volume and Momentum Confirmation
• With the ADL, CMF, and CMO all positive and increasing, underlying buying pressure remains intact. This suggests that any pullback is likely to be corrective rather than a trend reversal, providing a buy-the-dip opportunity.
• If volume remains steady or ADL does not turn negative during the pullback, it would confirm that sellers aren’t overwhelming buyers.
3. Wait for Reversal Signal on Lower Timeframes
• 4-Hour Chart: Overbought signals on the 4-hour RSI (76) and MFI (81) indicate short-term exhaustion. Price could pull back to the 13 EMA or 24 SMA on this timeframe, providing a reasonable entry point once momentum stabilizes.
• 2-Hour MACD: This has turned bearish, showing early signs of short-term selling. Waiting for it to turn back to bullish could give additional confirmation that the pullback has ended.
4. Timing an Entry on Reversal Signals
• Watch for a bullish signal on the 4-hour MACD or RSI as price approaches a support level, ideally the 20,600 range or the daily 13 EMA. If indicators turn bullish again after a small pullback, this would confirm a buy entry.
Trade Ideas
1. Buy-the-Dip Continuation Play:
• Entry: Look to enter on signs of reversal in the 20,600 range or near the 13 EMA, confirmed by a bullish shift in the 4-hour MACD or RSI rebounding from oversold levels.
• Stop-Loss: Place stops below the 4-hour Ichimoku cloud or a recent swing low to allow for minor fluctuations.
• Target: Aim for a continuation to new ATHs, with incremental profit-taking as the price approaches key psychological levels (e.g., 21,200 or higher). Trailing stops can be used to capture extended gains.
2. Alternative Short Pullback Trade:
• Entry: If price breaks below the 20,600 level and the 4-hour Ichimoku cloud, a short trade could target lower support levels, but this is riskier given the bullish sentiment.
• Stop-Loss: Tight stop above recent highs.
• Target: Initial target near the 13 EMA on the daily or the Ichimoku cloud support.
Summary of Smart Money Play
1. Trend Bias: Bullish, in line with the strong daily uptrend.
2. Setup: Wait for a pullback to 20,600 or daily moving averages for a lower-risk entry.
3. Entry Trigger: Confirmed by bullish reversals on the 4-hour MACD or RSI.
4. Risk Management: Stop below key support, targeting ATH or higher levels.
The Nasdaq index sets a new record driven by ‘Trump Trade’
Expectations for a ‘Trump Trade’ are rising, with Wall Street increasing its target for the S&P500; index next year. Notably, there is widespread optimism about Tesla's stock. Bank of America has raised its price target for Tesla from $265 to $350, now the highest on Wall Street, exceeding Morgan Stanley's target of $310. Additionally, the Fed cut interest rates by 25bp as expected, but the impact on the market was minimal since this was already factored into prices.
USTEC broke its previous high again and soared to 21130. The index breached the ascending channel’s upper bound, sending a clear bullish signal. If USTEC sustains its uptrend and breaches the resistance at 21300, the index may gain upward momentum toward a new high of 21600. Conversely, if USTEC returns its gains, breaking the channel’s upper bound, the index may fall further to 20700.
Nas100 update Hi traders I just wanna say congratulations 🎊 👏 💐 🥳 again for your patience n believe in what I say n follow the right trend I won't touchs anyone hands whose securing their bags you've tried soo hard n keep your head up for the next opportunities.
Are Bulls Strong Enough to Protect NAS100I'm closely monitoring NAS100, which is hovering around key support levels on the 200 SMA (daily). These levels align with crucial Fibonacci retracements (0.618 and 0.786), suggesting potential bullish support. However, with the recent spike in the VIX and increased market volatility, there's a question of whether the bulls can maintain control or if the bears are gaining momentum.
Trade Setup:
Entry: 17,900 (after confirming support)
Stop Loss: 16,800
Take Profit 1: At a 1:1 risk-reward ratio
Final Target: Previous highs near 20,758
This setup aims to test the strength of bullish support while carefully managing risk in an uncertain market environment.
US100-bias long Bullish indications:
HHHL
resistance broken at 19949
Moving average 20 respected.
trend line resistance broken.
Morning star candle formation.
Bearish indications:
Bearish divergence.
Trade plan bias long @ 19965
SL:19905
TP1:20026
TP2:20075
NASDAQ Analysis scenarios ideaWe can see 2 Gaps in the Nasdaq, with USA Elections ahead i expect volatility.
I think we will close the 19800 gap first, then 19600 for then going up.
It depends a lot in the USA elections results
Always do your research
Nasdaq Valuable Insights: for 05-NOV-2024 Good morning. Welcome to today's Nasdaq market analysis and educational insights for price action traders.
NAS100 Support Signals Potential UpsideHello,
PEPPERSTONE:NAS100 has identified support, indicating potential for further upward movement! We just need confirmation, and the bullish trend will likely persist.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Nasdaq GAP We can see a Nasdaq GAP could we see it close in the next hours? USA elections starting soon, let's see how market react
Always do your research
NAS100 sell offMy forecast is that Nas100 will first take the previous day's high which correlates with a FVG created when price shifted to the downside.
I have identified liquidity above the PDH to get an entry on the 50% fib retracement and my stop would be just above. Ill wait for confirmation at my POI to get an entry and manage the trade to Thursday's low.
US100 TOWARDS THE SKYWe missed the entry yesterday thinking it would bounce way harder than that, it actually took several hours to get back in an uptrend position ;
for now it seems a little corection to the LL is coming after the 15:30 rush ;
after that, US100 is going to the roof and taking the uptrend direction back.
Bearish Bias on US TECHThe Market's Price action has been on a healthy down trend, break of structure to the downside multiple swing lows being broken, the 200 Moving average exponential being broken at around 20,200. I anticipate a retracement or pull back to 20,166.18 and continuation of sells till 19,862 as my profit targets
US100 Trade Log - NFP + Bad Apple EarningsTrade Log (31/10/2024) - US100 Short Setup
1. Context: The setup is influenced by multiple bearish factors:
- Recent Non-Farm Payrolls (NFP) data indicating weaker-than-expected job growth.
- Bad earnings report from Apple, adding to negative market sentiment.
- Formation of a bearish wedge pattern on the charts.
- 1H timeframe shows a short signal within a Fair Value Gap (FVG) acting as a supply zone.
2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Entry confirmation: Enter short when price retraces into the 1H FVG and shows bearish signals, such as a reversal candle or rejection wick.
3. Stop-loss and take-profit:
- Place stop-loss above the upper boundary of the 1H FVG to protect against false breakouts.
- Set take-profit at twice the stop-loss distance for a 1:2 RRR.
4. Additional considerations:
- Monitor market reactions closely to any follow-up reports or news related to major tech stocks.
- Be prepared for increased volatility around NFP data and Apple’s impact on broader tech sentiment.
NAS100USDNAS100USD, analysis
1. **Support and Resistance Zones**:
- The chart shows two key levels: 20,683.1 as resistance and 19,645.2 as support. Price is currently below the resistance at 20,683.1 and appears to be testing lower levels, which may indicate selling pressure.
2. **Price Action**:
- The recent decline from the 20,683.1 level suggests that the NAS100 may be experiencing a pullback or reversal in the short term. If price fails to sustain above the 20,016 level (where it’s currently hovering), it could continue toward the lower support at 19,645.2.
3. **Trend**:
- The overall trend leading up to this point appears bullish, with the price making higher highs and higher lows. However, a failure to break above the recent high could signal a potential reversal or a more significant correction.
4. **Potential Trade Setup**:
- **Sell Signal**: If price fails to hold above 20,016 and shows signs of bearish continuation, a short position targeting the 19,645.2 support level could be considered.
- **Buy Signal**: If price finds support at or above 20,016, shows signs of a reversal, and moves back towards 20,683.1, it may signal a continuation of the uptrend, suggesting a potential buy.
Suggested Approach
Consider monitoring price action around the 20,016 level. A confirmed break below could favor a short position, while support around this level might favor a long position targeting the resistance near 20,683.1. Remember to set a stop-loss in line with your risk tolerance and to manage your position carefully.
trend ndx#ndx
Nasdaq trend is down
The last line has broken its upward trend.
It is currently losing the support range of 20,000 units.
The next support range is 19550.
