Hey traders, here is the analysis for the NAS100. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
looking forward to short NASDAQ 100, when it breaks this ascending channel
Nas100 made yesterday a new all-time high just under 12700 zone, the reversal from that point was violent and I think we have a top in place. Now the index is sitting on the old all-time high support now and a break here would confirm that the break above it was in fact a false one and the index is ready to correct. My first target for this drop is 11500
the Nas100 is keen at following bearish divergences (as highlighted), and as you also can see there is a 3 touch bearish divergence here. doesnt look like the fed can hold up this market... we could be very close to a free fall as seen above. pay very close attention to this zone.
us100 bon 4hr tops looking to sell the retracement
The election week was a strong one for Nasdaq, with the price rising and managing to close above 12k. Now the index is facing resistance and a strong sell zone so we can see the price rolling back to 11k. On the other hand, a daily close above the previous top would put bulls in control and we can see the technology index making new all-time highs. That being...
Since March, Nas100 almost doubled its value reaching a high of 12500. Now this resistance is confirmed with a second drop from this zone and it can transform in a double top pattern if we'll have a break of support. In my opinion, this will be the outcome for Nas100 and I will look to sell rallies. Only a new all-time high will put a pause on this bearish outlook
Both trades activated. First one - Breakeven after taking some profits. Second one - Some profits have been taking, we watching to see how it goes.
ProFx Market Sniper provides ideas on trade setups. We do no provide financial advice. Please take this trade on your own risk and remember to use proper risk management.
Nice short term sell coming up soon on nas100 please use proper risk when taking this trade.
Nas100 has found some resistance. A nice tend down to find some liquidity seems to be the next logical move. Despite everything going on in the market.
NAS100 Broke through previous daily support and it appears that the market is going to push it to 10500 area which is my next target. I've been catching the shorts since last night and will waiting for this quick retrace to 10500 and then we could possibly be looking at a long from there. It's all about the waiting game right now. Patience is your friend when...
NAS100 has tested this area multiple times and for some time this area has been an area of buy liquidity It now seems that the buy liquidity is exhausted, anticipating some good sells going to the downside Price failed to return and establish itself above the zone in its recent movement, so it shows that price has a higher chance of not returning to its buy...