NASDAQ FUTURES Chart Fibonacci Analysis 030325Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 20331/61.80%
Chart time frame: C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: C
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
UNF1! trade ideas
Third time, will it hold off again, as history repeatsAt this point, with market volatility, the selloff, looking likely to end even if temporarily with market indicators, looks like a swing for a few hundred, if not more, to the upside, certainly has a tenancy of being bought at higher levels at this mark.
Nasdaq 100: 200DMA Showdown—Bounce or Breakdown?Nasdaq 100 futures haven’t closed below the 200-day moving average for nearly two years. However, after delivering a key bearish reversal candle on the daily timeframe—and with RSI (14) and MACD still flashing bearish momentum signals—that streak may soon come to an end.
Given the market’s history of aggressively bouncing from the 200DMA, near-term price action around this key level could offer clues on longer-term directional risks. That view is reinforced by rising volumes accompanying the latest pullback, along with the proximity of minor horizontal support at 20,400—there are willing buyers around with a platform for a bullish reversal already in place.
If the 200DMA holds firm throughout Tuesday, bulls could look to enter longs above with a stop beneath for protection. Potential upside targets include 21,000 and 21,420.
Alternatively, if the price were to close beneath the 200DMA, the setup could be flipped with shorts initiated below with a stop above for protection. Buyers were lurking beneath 20000 in the runup to the U.S. Presidential election, making that a downside level of note. A tougher technical test awaits around 200 points lower where major uptrend support dating back to early 2023—essentially the start of the AI rally—comes into play.
Good luck!
DS
MNQ!/NQ1! Day Trade Plan for 03/03/2025MNQ!/NQ1! Day Trade Plan for 03/03/2025
📈21180
📉20900
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
Double Top Pattern – A bearish reversal signalThe Double Top is one of the most well-known bearish reversal patterns in technical analysis. It signals a potential trend change from bullish to bearish and can provide traders with strong shorting opportunities when confirmed.
How It Works:
1- Formation: The price reaches a resistance level twice, failing to break higher, creating two peaks at a similar level.
2- Neckline Break: After the second peak, the price falls to the previous support level (neckline). If this level is broken, it confirms the pattern.
3- Bearish Confirmation: A breakdown below the neckline often leads to a strong downward move, as buyers lose control and selling pressure increases.
Key Trading Strategy:
✅ Entry: Enter a short position once the neckline support is broken.
✅ Stop Loss: Set above the second peak to minimize risk.
✅ Profit Target: The expected price drop is usually the same distance as the height of the pattern (from peak to neckline).
In the chart above, we can see a clear Double Top formation in the NASDAQ 100. After failing twice at resistance, the price broke support, confirming a bearish trend reversal.
NQ! Morning mark up 3/3 Hey yall!! It’s the first of the moooonntthhh..wake up wake up! It’s PMI so there is some news at 10 just tread lightly with the market today but with news and history there is a push at 10am that has typically resulted in the forecast to be in good standing and in favor of the USD for the last couple of months. I have marked up a buy and sell but I’m putting it all in with a buy! Pay attention to your trading plan and risk management and it may not be wise to do a set and forget your call. SL is wide and set at a 120pts on 100R TF Good luck!
NQ Power Range Report with FIB Ext - 3/3/2025 SessionCME_MINI:NQH2025
- PR High: 21036.25
- PR Low: 20949.00
- NZ Spread: 195.25
Key scheduled economic events:
09:45 | S&P Global Manufacturing PMI
10:00 | ISM Manufacturing PMI
- ISM Manufacturing Prices
Weekend gap up quickly filled
- Holding above Friday's high
- Advertising rotation back into previous 3 month range
- 21200 key level remains zone of interest
- Busy economic week ahead
Session Open Stats (As of 12:45 AM 3/3)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47%
- Session Open ATR: 397.27
- Volume: 53K
- Open Int: 291K
- Trend Grade: Bull
- From BA ATH: -6.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Trade Setups For 3-4-25NQ is looking bullish on the short term but on the higher time frame we are a critical pullback to maybe continue going lower. I think the market is going to continue selling off but can expect a higher pullback before market heads lower. This is going to be a very volatile week