Today, the Nasdaq 100 index dropped below its key technical level at 15 538 USD - which currently acts as immediate support/resistance. We think this is a very bearish occurrence and one that can potentially mark the beginning of downtrend for NQ1!. This view is also supported by bearish technical indicators on the daily and the weekly time frames. Additionally,...
Nasdaq has started the year very badly, putting in a strong bearish candle on our weekly chart. This along with the last week's pin bar and the previous candle completes an Evening Start pattern which can give as the idea of down continuation.
At this moment the price sits on confluence support given by the ascending channel's trend line and the horizontal support...
On a high timeframe, we see a rising channel and the support of this channel isn't reached yet. The coming days we could still see bearish pressure, with bears targeting the support of this rising channel.
On top of that, the past days I noted out the bearish setups that were being printed, one of that was the head and shoulders pattern. I stated that if the...
NAS100 - Potential Daily Bat, monthly is bullish but we have bearish PA/multiple BOS on the LTF's.
For the bat to complete im expecting a small push to fill some of the imbalance/build liquidity before we then break the lows and head on down to the D point of the bad landing in a very nice PRZ, let's see what the opens bring and how prices moves today!
Let me...
NAS100 - Potential Daily Crab forming, however price is at strong S/D zone and is still bullish on the daily charts.
Price is currently sitting around the .886 level with good confluence for buys (Including LTF momentum etc)
If price decides to break this S/D zone then Ill be looking for the retest/short towards the D point!
** Disclaimer ***
These ideas I...
Here's a breakdown of a trade I took yesterday on Nas100. I've recently started working on a new system that combines 2 methods I've been using with a twist. This is the 11th trade for testing so far and the 9th win out of these 11 trades. It's obviously too soon to determine whether the system is profitable over the long term but from my testing so far it's been...
After nas100 did a small liquidity sweep and left behind a good institutional candle for us ,i will be buying up to my OB area on the daily and from there i will swing my sells down to my three targets.
NAS100 - Sell, 15m
Entry - 16338.00
Stop Loss - 16360.00 (22 pips)
Take Profit - 16270.00 (68 pips)
nasdaq is in a descending trend .. it looks to continue.. lets how much it will fall..
Friends, let's take a look at the technically aspect of Nas100. From my previous analysis I mentioned of the broadening wedge that needed completion. The overall idea is Nas100 is printing quite a number of bearish setups. With the broadening wedge, there's high probability that price will be pushed to the downside and this will act as a continuation of price to...
This was my third trade from yesterday. Price has been in a short term down trend for a few days after making new highs. I followed market structure and waited for a pullback to the 70.5% fibonacci level to take my short entry. On this trade there was a little drawdown but nothing telling me I shouldn't be in the trade. Price came down to my first target which was...
Simple, we like to see price drop for us to add to our long positions
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