SMC Structure Analysis The concept of smart money order block
Had a bit of a hectic day so I was not on the charts towards the end on Friday. Looking at what happened, it's a good thing the SL was tight
We are Still Bearish On Nas, Had A Consolidation After Price Reverse To The Up Side And Then Explode To The Down Side Caused An Order Block that Hasn't Been Tested Yet so we expect the price to go to that order And Reject Going More Downside.
price has closed above support level. wait for the retest of the support level and then long
Overall trade idea is bearish. Check the dollar Index chart
Nas100 - Rst 12180 Supp 10674 During a year period of downtrend, we notice that 10674 is the only area being strongly supported with trip bottom pattern. If this area does not broke, i do believe market wave will continue to move towards a big rounding bottom back to highest rst 16590 area. The risk to fail this recovery pattern will be the rise of CPI data....
Hello Trading view Family / Fellow Traders. I hope you have used and benifited from the previous analysis . In today trading session we are monitoring NASDAQ for a buying opportunity, once we will receive any bullish confirmation the trade will be executed. If this post was useful to you do not forget to like and comment.
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NAS100USD pair price action which suggests a high likelihood of a coming move up. ❤️ Please, support our work with like & comment! ❤️
bull seems to be pushing up further, currently at key level to reject/break
DESCRIPTION: In the chart above I have provided a MACRO analysis of NDQ that is in fact showing strong signs of PENDING CAPITULATION but I will leave the rest to INDIVIDUAL INTERPRETATION. POINTS: 1. DEVIATION OF 1,000 POINTS is where NDQ usually finds appropriate CONSOLIDATION to then draw out SUPPLY & DEMAND POCKETS. 2. RSI is DANGEROUSLY OVER EXTENDED and...
Selling NQ at 11632, risking 1% while can get up to 5% profit gain. Reasons to enter sell based on my analysis : 1. Forming an rising wedge 2. RSI and SlowStoch indicating divergence (i find that wedge and divergence are pretty accurate) 3. Volume exhaustion Yet of course, still need to observe the upcoming news next week such as PPI etc., If it turns out to...
The main view of this trade idea is on the Daily Chart. The heavily tech-weighted NASDAQ 100 Index (NAS100) is in a double bottom chart pattern setup. The Index sustained heavy declines in 2022. However, during the period October 2022 and December 2022, NAS100 held support around the 10,400 to 10,800 price zone. Initial resistance, or the middle of the W or...
Good day all, Why long trade? Confluence 1: Price rebounded 10690.2 Support 5 times in the past which means price not going bearish anytime soon. Confluence 2: Trajectory of bullish movement started of by rebound of 10690.2 support zone. Current price is in an uptrend make HHs and HLs. Confluence 3: Tweezer spotted at Fib retracement in 4H charts at...
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💭 Besides the more obvious trend analysis techniques a great way to determine the health of the market is by looking at the breakout success of emerging leaders. By “breakout success” I am referring to when a stock with excellent fundamentals passes through a buy point after a consolidation pattern and continues to further gains. 🔻 During a failing market doomed...
There could be some upside left on this move, but i think this is a dangerous area. I'd be very wary of a rug pull on any run up to 11500. The 11050 support area has already been broken twice, i don't see it holding a 3rd. This would open up a move to around 9000. Be aware of the levels at play here.
USNAS100 the price reached our target as we mentioned it was 11490 and did a retest to their support and now as long as above 11285 the direction will be bullish to get 11400 and 11490 &11585 but closing 4h candle under 11285 will support bearish pivot price: 11285 resistance price: 11400 & 11490 & 11580 support price: 11170 & 11080 & 11010 Timeframe 1H and 4H
The Nasdaq has made a 50% Retrace to the PCZ of a Bearissh 5-0 while showing Hidden Bearish Divergence just below the Supply Line of the Equidistant Channel; I think it will continue down from here. I don't however have a strong bearish opinion on the other Indexes, just the Nasdaq because the Nasdaq in particular has not presented us with Potentially Bullish...