Nasdaq has turned the Channel Up into a Rising Wedge on the 4H time frame with technicals healthy bullish (RSI = 60.461, MACD = 23.460, ADX = 25.411). The current rebound is on the 4H MA50 and every pullback is a buy opportunity, targeting the top of the Rising Wedge (TP = 13,450). If it closes under the 4H MA200, we will add a second buy, targeting the top of the...
Nasdaq is on a long term Channel Up with bullish technicals on the 1D timeframe (RSI = 56.673, MACD = 124.440, ADX = 30.096). In addition to those bullish indicators, it kept intact the 1D MA50 last week as Support, while also having the RSI rebound on the HL trendline. Consequently we remain bullish on Nasdaq long term (TP = 13,730), expecting it to hit R1 which...
Nasdaq is consolidating around the 4H MA50 for the past 2 weeks with 1D technicals turning neutral (RSI = 54.883, MACD = 132.650, ADX = 34.947) for the first time in 1 month. The LH trendline on the 4H RSI hints to comparisons with the February consolidation. That pattern broke under the 4H MA200 to the 0.5 Fibonacci level and then rebounded. Consequently, we are...
Nasdaq has completed a rather neutral week, after getting rejected on the 0.5 Fibonacci, accurately depicted on the mixed 1D technicals (RSI = 59.704, MACD = 168.310, ADX = 29.641). The Rising Wedge is leading the index towards the R1, the most important Gap Fill of August. As long as the 1D MA50 supports, we will stay bullish (TP = 13,750). Prior idea: ##...
Nasdaq is on a long term Channel Up but currently on a short term Channel Down. If the latter continues to replicate the February Channel Down, Nasdaq can dip as low as 12400. If the price crosses over the recent 13250 High, then the above is invalidated. In both cases buy and target 14000. Follow us, like the idea and leave a comment below!!
Nasdaq turned the 4H timeframe neutral (RSI = 45.569, MACD = 13.770, ADX = 42.721) as it hit the bottom of the Channel Up pattern, just under the 4H MA50. Given that the 4H RSI also hits its HL trendline, that becomes a strong buy opportunity on the short term. There is also a HH trendline involved that has formed a Rising Wedge, so we set our Target on it and...
Nasdaq is trading inside a long term Channel Up and is staging the second bull leg to its Top. The market formed a Golden Cross (1d) four weeks ago, the first since May 22nd 2020. Trading Plan: 1. Buy on the current market price and as long as it stays over the MA50 (1d). Targets: 1. 13730 (Resistance 1). Tips: 1. RSI (1d) remains over its MA period and reveals...
Nasdaq hit R1 (13,200) last Friday and with that our short term target. The 4H technicals remain bullish (RSI = 61.642, MACD = 91.200, ADX = 41.779), so are the 1D ones, within the long term Rising Wedge since October and the Triple Bottom that followed, so the trend remains bullish. After however the first 4H Golden Cross (on March 22nd) since January 18th, the...
Technical Analysis: - As you can see in the daily chart, in the very short term we've two possible paths - Path 1 and Path 2 - Today with actual data - the odds for Path 1 is 60% and the odds for Path 2 is 40% - We expect to buy wave II in red completely around $8,000 Technical Analysis: - H1 & H4 Right Side is Turning Down
NASDAQ:NDX Entered the BEARS and it is likely to reach 11222.8 Resistance before going up again. Mybe this time it will break out of this wedge.
After it has been heading for it for a while now, we expect the tech-index to dip into the green area between 14841 and 15295 points. There, it should finish wave in blue and the superordinate wave 4 in green respectively. Then, the index should be ready to rise again, aiming for the resistance at 16768 points and further still.
I have displayed a good entry point for a short and for a long. As a day trader, I go with the trend but also trade pull backs... I am neutral and waiting for an entry. VIEW TO SEE WHAT TO EXPECT
Pattern and Signal: The 1D Rising Channel is testing the 1W Resistance Zone. Bearish signal. Target: 6915 (the 1D Support).
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron