Similar to my SPX idea, the NDX seems to be forming a 5-wave impulse off the back of the AI enthusiasm. I expect a bullish pullback to pull the index lower towards the 61.8% Fibonacci retracement level of $14,000 which will flip from a resistance to a support. A break below $14,000 will allow the index to slide into the support range between $13,500 and $13,700. A...
I was really waiting for the market to go from the minimum numbers to the correction of the E wave, but this wave has reached its maximum numbers, which shows that the next correction wave is more time-consuming, but there is great power in the next upward wave. I think this week we will see maximum numbers in the index and there is at least 3 months of...
AMEX:IWM , the Russell 2000, experienced a significant move on Friday, June 2nd, accompanied by high trading volume. On the daily chart, it successfully broke out of its structure, indicating the next potential levels at $185-190. If it manages to surpass this range, it could potentially reach $200 and even $220. It is worth noting that there are several bullish...
TSLA broke out of the consolidation phase, successfully backtested, and is currently in an uptrend. While we might anticipate a pullback at this point, the next target range is projected to be around $220-240, with an optimistic target of $300-320
Continuation long from previous analysis was in order last week. Minor weakness has appeared. Possible Scenarios: 1) Continuation Long: Long on retracement. Down bars has to be on lower volume. 2) Previous supply zone 15269 Exercise caution if you see climatic bars into this level. Market may rotate to work out demand and supply. Price Reaction Levels Short on...
The chart is self-explanatory, discending channel, weak support and triangle pattern, when NYSE open i expect a break to the downside.
Nasdaq hit the 1.236 Fibonacci extension which was our target on the last call we gave and has turned overbought on the 1D time frame (RSI = 71.555, MACD = 292.250, ADX = 40.204). We are expecting a pull back to at least the 1D MA50 and the HL trend line. The most optimal buy signal will be when the 1D RSI touches its HL trend line. Next long term target is R1 and...
So i mixed this one with volume + Gann box (volume calculated from other platform) interstingly they are match they say the same thing levels and direction movements this is it guys time will the tale i just told you, you will see.
There is a high possibility that the NASDAQ will rally as the descending channel is broken and the side flag is broken. What do you think, my friends?!
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that nas100 is actually approaching a quite obvious previous weekly structure area which is now acting as resistance at the $15.000 level. You can also see that over the past couple of weeks, nas100 had a massively bullish rally and we are...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Stoch RSI getting very overbought. But the diagonal is missing the 5th. I think we have a push above 14,000-14,300 in some mini parabolic pump move then roll over into either Wave b or wave 2
Nasdaq index, did you know that this index has an upward trend in the past two weeks? Well, interestingly, Bitcoin also has and I announced this in my analysis. Well, how far the index should go up, you should be careful, I won't say here if it goes up. Two more targets will not be seen, the first target is 15265.42, the index will go up to this price. Our...
It seems that the Nasdaq is forming a Rising Wedge pattern near the 🔴 resistance zone($ 14,060-$ 13,610) 🔴. I expect the Nasdaq to start falling after touching the upper line of the rising wedge pattern and the resistance zone. Nasdaq's falling target could be the next 🟢 support zone($ 12,470-$ 12,040) 🟢. Nasdaq 100 Index Analyze (NDXUSD), Daily time...
Nasdaq has been rallying hard the past few weeks, thanks to tech rally due to recent growth opportunities provided by rise of AI. But Nasdaq is reaching significant levels both from S/R perspective and market structure. 1.We are reaching the top edge of the parallel channel 2.We are at PRZ of couple of harmonics (Cypher and BAT). 3. Also, within very close...
Scenario1 breakout offered a fantastic week. Hope you had joined in the ride. Target 13740 hit, and AR tested. Possible Scenarios: 1) Continuation Long Strategy: Long on retracement. Price has to come down on low volume 2) Breakout failure: If there is strong volume on down move, it may signify a yet to be completed rotation, with more potential for downside...
CME_MINI:NQ1! Last week 1 trade done at short from rotation high, stopped out, we will be looking at possible senarios below: 1) Breakout success: Price comes down on lower volume, finds support, for a Test and Accept long. Nearest target is 13740. 2) Breakout Failure: Price rejected at higher prices, for a test and reject short, back into rotation area. Note:...