It's been some times since my last update on Nasdaq. As you see on my previous idea below, the break below the 1D MA100 (green trend-line) turned out to be accurate as the index made a Higher Low at the bottom of the long-term Channel Up and rebounded:
The first bearish barrier broke when...
Pattern: Channel Up on 1D.
Signal: Buy as the price is at the bottom of the Channel Up, below the 1D MA100 (green trend-line, which has accurately given a long-term buy signal 3 times since November 2020) and the 1D CCI is on Higher Lows at its bottom.
Target: Short-term 15100 (the 1D MA50), medium-term 15700 (Resistance and All Time High) and long-term 16350...
This idea is a continuation to my analysis posted on August 26:
It appears that the leg count and the similarities (so far) of the current price action with the January-February sequence was correct. If the pattern continues to replicate in the same way, then Nasdaq is ahead...
Two weeks ago NDX formed a peak formation at the top of the multi-month Channel Up (Higher Highs) and I posted the following chart calling for a strong correction:
As you see that correction is currently underway and having broken below the 1D MA50 (blue trend-line) is...
Hello Traders!!
I have analyzed NASDAQ and this is my opinion
-My technical analysis indicates a possible bullish setup
-The risk to reward on this trade is 1:3
-It is closely related with US30 which is currently ready for a bullish retracement
⚡️Exercise Good risk management⚡️
⚡️Split your position so you can partials as the move progresses⚡️
⚡️Updates will...
In my last Nas100 analysis, I said that "rallies in 15300 zone should be sold and only a new ATH would negate the bearish outlook".
The technology index reversed from that zone with a strong bearish engulfing and now is trading again in 14800 support
I maintain the idea that Nas100 can drop to 14k and IMO rallies should be sold
Above 15k can be a good point for...
Following my most recent analysis on Nasdaq (see chart below), the Channel Up where the index has been trading on for almost 1 year, has traded to perfection:
At the moment, the price is trading exactly on the top (Higher Highs trend-line) of the initial Channel Up (blue) and if broken, a new...
$NQ top is clearly in on the 1M chart. Bearish engulfing candle with key resistances needing to be retested. The global economic picture is becoming more gloomy as the US defaults on its debt for the first time ever this winter (2021).
As an investor and avid study of the markets, I look for value buys with high probabilities of long term triple digit returns. I...
NAS100 - Buy, 15m
Entry - 14830.30
Stop Loss - 14795.30 (35 pips)
Take Profit - 15030.30 (200 pips)
use lower lots on Nasdaq..sometimes have a big volatility
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
As you can see in the chart, we are still in the bullish trendline as long as we don`t go lower than 14800usd.
By comparison, the S&P 500 already broke that trendline:
from previous trade set up analysis: If you calculated your risk correctly and played with your entries a little, you would have closed or TP would’ve been hit -depending on your broker spread- with an overall with a good amount of profit while still managed to maintain a good R:R
Current Analysis Update: I’m still anticipating further downside movement on...
The NASDAQ 100 Index printed a firm bullish candlestick which ended the week just a fraction below its record high price. Since the coronavirus crash of 2020, this major U.S. equity index has more than doubled in value, which is an excellent return over barely seventeen months. The NASDAQ 100 Index remains a buy.
according to my observation the pattern seems to be a Head & Shoulder pattern and 50Moving Average is also aligning with the prices highlighted, I am watching this carefully for the confirmation of this structure before taking any position.
Today, the main trend line was broken and filtered, and the trend line is being re-tested. The sub-trend line was also broken and is being tested, but it has not been filtered yet. If the sub-trend line is filtered, the price will fall sharply. Most likely the price will reach below 15,000 . (Note that this analysis is for a 30 minute time frame.)
The first trend line was broken and the filter was rejected, the second trend line was broken but has not been filtered yet, with the filtering of the second trend line, we should expect the price to reach 15200 and in the second stage 14900.
After the pitchfork was broken, the rocket climb accelerated
The Nasdaq 100 index is one of the most heavily traded exchanges in the world, and is favored by traders who want to trade the big swings of some of the biggest companies by market capitalization.
Trading the Nasdaq is unique from trading other exchanges and stocks, as it can be very volatile and...
