#NASDAQ (NAS100) is currently showing short-term bearish momentum after breaking a strong support level around 24,000, indicating a continuation of the downtrend on lower timeframes.
However, from a higher timeframe (weekly perspective), the market structure suggests something much bigger is developing
Key Analysis:
Price action indicates a potential AB=CD Harmonic Pattern formation
The AB leg is already completed
Currently, price is moving toward the C point (retracement phase)
This C leg aligns perfectly with the Fibonacci Golden Zone (0.5 – 0.382)
Strong Buying Zone:
21,300 – 20,100
This zone offers a high-probability long-term accumulation area
Trading Plan:
Wait patiently for price to enter and react within the zone
Look for confirmation (price action / structure shift) on lower timeframes
Enter long positions with proper risk management
Target Expectation:
Completion of the CD leg
Potential upside move of around +3000 points
Important:
This is a swing/position trade idea, not for scalping. Patience and discipline are key.
Why this setup is powerful:
Confluence of market structure + harmonic pattern + Fibonacci zone
Higher timeframe bias increases probability
Clear invalidation & strong RR potential
Your View?
Do you agree with this bullish harmonic setup, or do you see further downside before reversal? Drop your thoughts below 👇
#NAS100 #NASDAQ #ForexTrading #CryptoTrading #HarmonicPattern #ABCDPattern #SmartMoney #TechnicalAnalysis #TradingView #PriceAction #SwingTrading #Fibonacci #TradingIdeas #Investing #MarketAnalysis
However, from a higher timeframe (weekly perspective), the market structure suggests something much bigger is developing
Key Analysis:
Price action indicates a potential AB=CD Harmonic Pattern formation
The AB leg is already completed
Currently, price is moving toward the C point (retracement phase)
This C leg aligns perfectly with the Fibonacci Golden Zone (0.5 – 0.382)
Strong Buying Zone:
21,300 – 20,100
This zone offers a high-probability long-term accumulation area
Trading Plan:
Wait patiently for price to enter and react within the zone
Look for confirmation (price action / structure shift) on lower timeframes
Enter long positions with proper risk management
Target Expectation:
Completion of the CD leg
Potential upside move of around +3000 points
Important:
This is a swing/position trade idea, not for scalping. Patience and discipline are key.
Why this setup is powerful:
Confluence of market structure + harmonic pattern + Fibonacci zone
Higher timeframe bias increases probability
Clear invalidation & strong RR potential
Your View?
Do you agree with this bullish harmonic setup, or do you see further downside before reversal? Drop your thoughts below 👇
#NAS100 #NASDAQ #ForexTrading #CryptoTrading #HarmonicPattern #ABCDPattern #SmartMoney #TechnicalAnalysis #TradingView #PriceAction #SwingTrading #Fibonacci #TradingIdeas #Investing #MarketAnalysis
Trade active
Buy on CMP with SL at 22570 and TP at 30000
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.