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
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...
We are waiting for the closing of wave A for the correction, the rise again, and the big drop after completing the correction
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...
Td23: This week in NASDAQ100 has been an annoying back n’ forth. The BULLS taking the TREND then comes a major news to bring back the BEARS and vice versa. Currently, She’s been making “LOWER-HIGHS” without new lows. So, I can’t say she’s BEARISH or BULLISH. It’s a mixed vibe.
Nasdaq Index reached a peculiar confluence zone based on a horizontal daily resistance and 0.5 retracement of the last bearish impulse. The price formed a double top formation, testing that on an hourly time frame. Its neckline is now broken. The market will most likely drop to 11260 ❤️If you have any questions, please, ask me in the comment...
Drop according to graph incomming. This is not a financial advice.
Found another entry and I'm keeping my SL very tight, it is the first month of the year so things still need to flatten and get to an average. For now I'm holding onto it and going with it. We also watch the fundamentals because it will be what defines where the dollar strength comes from.
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
S&P500 Index broke and closed above a solid supply zone on a daily. The broken structure turned into a demand area now. I will expect a bullish continuation to 4064 now. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
US100 is setting up for a buy, if the current 1hr stick end in a strong bullish stick, we should see more moves upwards. Price has broken the 800 ema reistance, closed above it, retested it as a support, with the current stick determining the direction.
Td22: I am back again on this GRIND. NASDAQ100 bulls kept building past 11100 which was my initial level, that—if broken they’ll raid in. Whist leaving the 10700-600 LEVEL behind. Today, There’s a bunch of HHs and HLs which is a clean UPTREND. However, there goes a BED. Tricky!
In our previous post on the Nasdaq index, we stated that the bullish breakout above the descending channel would bolster the bullish odds in the short term. Furthermore, we said that in such a scenario, we would closely observe volume and the ability of SMAs to halt the price rise. Interestingly, after the breakout, NQ1! jumped approximately 3.8% and stopped...
Seeing that we just hit the support zone, could possibly look at buy signals. If we can breakout and retest from channel to the upside then that can be used as confirmation of Bulls taking over and will push to resistances zone.
Consolidation since Nov in anticipation of better economic news ? Self fulfilling prophecy as better economic news will also mean inflation for longer Support held around the 10830 levels Resistance and more resistance above at 11500 and 11950 levels FED I guess will dicate if we get a resistance break and a bear maket rally, we consolidate further, or we break...
U.S. stocks tend to rise during the Santa Claus rally period. The Santa Rally is considered the last five trading sessions of the year and first two of the new year. Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%. My price target for QQQ Nasdaq 100 ETF is $273. Looking forward to read your...
Td21: Can I still say she’s BULLISH, with the way she’s been going sideways. The BEARS haven’t been strong enough likewise, the BULLS. However, judging from the STRUCTURE, It’s a little more on the HH and HL side. So, what’s it going to be NASDAQ100? January: 3Ls (3 trades)
Encouraging for $NDX Start top left, left > right, then bottom left Can u c cup forming? 30Min shows it best #NDX 4Hr Bullish crossover, strengthens daily Daily, struggling here, thick yellow line on last chart $DJI Inverse Head Shoulder still in play $QQQ $VXN $TQQQ $SQQQ