As I expected and said in my last 2 Nas100 analyzes, the index has started its correction.
At this moment the price is under both neckline support of the H&S and horizontal support, and I expect continuation to the downside
My target is 14k and rallies towards 15k at this point should be considered good opportunities for bears for their entries
Since May Nasdaq has traded in a rising wedge formation.
Now the pattern is finally broken to the downside and the price should fall from now on.
A correction of the last 2 trading days drop is not out of the question and this can give sellers a good opportunity for short trades.
I m looking at around 15300 for my sell trades and as a target 14k support for an 1:3 R:R
Point of Risk-Reduction: 14608
Stop-Loss: 760 pips (76 points)
Risk: 0,5% -1%
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good...
NAS100 - Sell, 15m
Entry - 14770.05
Stop Loss - 14795.05 (25 pips)
Take Profit - 14660.05 (110 pips)
the bears are dominant.. finally it brokes the support 14800.. and if broke 14730.00 support my target is 14660.05
lets see what happen!
trendline analysis.. we will see a short move to 15,200. it tried to break the resistance. it couldn´t. now the way is free to go to the floor (support) again and will after that try to beat the resistance
1)nice pattern trend indicates to go up
2)my ema line touching the support levels which are being marked then it automatically hits up
we expect the stock will rise up once it touches the blue line and expect it to go until the green line level.
don't buy now,trade only when you see another support level,
or buy only when you see 2 naked...
NAS100 is currently ranging between 12900-138000.
Support is around 13400.
If price drops it might be wise to set buy limits around 13400-13550.
Price may not drop at all. Price could go bullish from here. Trade what you see.
NAS100 is bullish on the bigger time frames.
After the double bottom in 13000 zone, Nas100 has recovered and gained 5% in just 2 days of trading.
However, at this point 13700-13800 is resistance and we can see a new leg down from this point.
Only Nas100 back above 14000 would negate this scenario
welcome to another trade-setup!
Took an EUR/USD Short-trade with a higher risk involved! Only follow if youi accept the risk!
Currently taking a short-trade on NASDAQ100!
Point of Risk-Reduction: 1.21840
Stop-Loss: 160 points
Well it looks like "Snow" will fall for the coming week as it is at a very crucial point, it will either break structure to the upside or fake out before falling, but we can be almost 90% certain that it will short. Because it has just hit an IC or OB and is at a crucial resistance which has never been tested and price will test and respect. If not we at least did...