not only are we seeing a rally on super weak buying, but this stoch rsi wedge is printing beautifully, upside is limited at 100 sma which interlining exactly with my old trendline. this would be the 2nd denial since the top in dec 2021.
NQ1! NAS100 NASDAQ 2023 APR 03 WEEK Both Scenario1 short from 12950 and Scenario2 retracement long both worked well. Market likely to test 13740. Possible scenarios: 1) Market test 13740 = long on retracement // support at 12950 Volume Analysis: Weekly = Ave vol up bar closed toward high = non-trend changing demand Daily: Ave vol up bar close toward high =...
NASDAQ - 24h expiry - We look to Buy at 12677 (stop at 12577) Traded to the highest level in 30 weeks. There is no clear indication that the upward move is coming to an end. An overnight negative theme in Equities has led to a lower open this morning. Bespoke support is located at 12677. 12682 has been pivotal. Our profit targets will be 12927 and...
In early February 2023, we outlined how earnings recession was becoming more apparent in the tech sector, with a myriad of companies reporting massive declines in net profit on a yearly basis for 2022. Now, with the upcoming earnings season for the first quarter of 2023, we do not expect the corporate figures to get any better. In fact, we anticipate further...
A Bullish Crab Harmonic pattern on the Nasdaq Index. Currently we might see prices head higher to garb liquidity from the higher at the bearish order block. By mid of 2023 we would prices reach the 6k USD levels.
Dear traders nasdaq respected last setup as I said just follow the instructions in my chart and wait for price to react so today as you can see Nasdaq was Bearish and he was respected previous daily candle so I see if price reject zone 12664 it will be high probability to sell target will be 12435 and if he breaks above 12736 it will be chance to look for buy...
Nasdaq (NDX) broke and closed a 4H candle below the 4H MA50 (blue trend-line) for the first time in 2 weeks. With the 4H RSI not having touched its Higher Lows trend-line yet, this is an indication that the index might pull-back some more towards the 4H MA200 (orange trend-line) - 1D MA50 (red trend-line) Support Cluster (even as low as the Symmetrical Support),...
The index closed yesterday forming a bearish engulfing candlestick after pulling back from 12,850 resistance. The bearish formation to be confirmed by an open today below 12,673.07 level. Next support levels: 12,460 - 12,300.
Dear traders Nasdaq respected previous setup and I suggest you to be patient this week we have some news that may ruin the market ..well as you can see in my chart nasdaq was bearish today the new weekly candle start bearish it may consolidate this week so above 12735 you’re good to look for buy and if price close below 12677 if till be change to sell good luck...
NASDAQ - 24h expiry - We look to Sell at 12920 (stop at 13090) Posted Mixed Daily results for the last 4 days. The 161.8% Fibonacci extension is located at 12304 from 12972 to 12559. Bespoke support is located at 12277. Selling spikes offers good risk/reward. The bias remains mildly bearish but there is scope for a move in either direction at the open. Our...
Dear traders Nasdaq reached previous monthly candle is seems he may test previous wick so as I said in my chart I’d price came and retest 12776 and close above so it will be change to look for buys at this zone and if price came and breaks below 12776 it will be high chance to keep correcting this move so follow my instructions and wish you the best of luck
NQ1! NAS100 NASDAQ 2023 Mar 27 WEEK Nothing eventful last week at price was testing 12950. No trades for indices last week as opportunity didn't happen during my waking hours. Also the messiness on M30 & lower TF. Concern: Despite greater effort, progress from H to H1 was only marginally higher, and price closed below 12950. Possible scenarios: 1) Market test...
Sentiment on Wall Street took a turn for the worse by yesterday's close. Janet Yellen conceded that she has not considered a "blanket insurance" for US banking deposits, and Jerome Powell pushed back on any hopes of rate cuts from the Fed this year. The Nasdaq 100 came close to reaching out 13k target before momentum reversed sharply lower, closing the day with a...
In 1 scenario, wave 4 correction could be over. In scenario 2, we can expect the rise of the B wave and then the decline of the C wave.
dear traders Nasdaq today was failed to create new high or new low it was in trading range so as you re see in chart above 12594.7 you’re good to buy and if he rejected below 12565 it may be a chance to sell trade safe
NQ1! NAS100 NASDAQ 2023 Mar 20 WEEK The daily Ultra Lo Volume down bar and support at 11930 provided good meat for week of 13 March. Market finally broke through 12418 and is near supply zone 12810-12950. Let's see how price reacts to this level. Possible scenarios: 1) Possible formation of rotation 12950-11930 = trade at boundary of zone 2) Long on...