Nasdaq (NDX) broke above the 1D MA50 (blue trend-line) and has almost reached the top (Lower Highs trend-line) of the Channel Down pattern that started after the July 19 High. The 1D STOCH RSI Bearish Cross suggests that this is a sell opportunity on the short-term at least, towards 14900 (0.5 Fibonacci retracement level). But what if this is not a Channel Down...
Link to chart: www.tradingview.com Last week, our EOW targets were easily and beautifully hit. Great work team! Crazy bull run that I was expecting to fill later this week, but it has done just that. We pushed close to our 3HR supply, and with this insane volatile news week, looking for this push into this area for either rejection or continuation. With war,...
Nasdaq / US100 is about to hit our second target (chart at the end) as it is approaching the Falling Resistance. Our strategy was purely based on the identical patterns of July-August and September-October. The index is close to a 4hour MA50-100 Bullish Cross, signalling the end of this uptrend. We estimate a peak no more than 15350. If accompanied by a 4hour...
ICT Price Action: Entry at resistance gap Stop loss at 100% gap filled Take profit at confluence of 50% opening gap with bull gap
Hey Guys, i have posted and discussed the game plan for tomorrow and also some important levels and my reasoning behind these. Let me know if this makes sense and resonates with you all.
Day Trade Market Condition oct 09, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend I hope this message finds you all well. I wanted to take a moment to express my heartfelt gratitude to each and every one of you who has supported and engaged with my trading ideas and posts here on TradingView. Your views, comments, and...
Nasdaq is on two conflicting patterns on the short and long term. The Bullish Megaphone that drove it out of the Bear Cycle after the late 2022 Triple Bottom is still holding and closed last week with an emphatic rebound but at the same time so is the short term Falling Wedge that started the correction on the July 19th High. This conflict and medium term balance...
After the very high non farm payroll data but slowing wage growth as well as the unemployment rate which is still in stable numbers, the increase at the end of last week showed that investors considered good economic conditions. apart from fundamentals, from the technical perspectives a bullish candle was formed at the weekend, but by looking at these two aspects...
Something a little different today. Was looking a some stock ratios and decided to regress the standard Russell 2000 against the risky technology index, the Nasdaq. This RUT/NDX ratio has been inside a Channel Down since the Dotcom Bubble send it sky high, collapsing the tech sector. The Channel Down has never been broken since and made a new Low this...
Nasdaq is rising after the price found Support at the bottom of the Falling Wedge. It is approaching the MA200 (4h) but the technical Resistance is inside the 0.618 Fibonacci level and the Falling Resistance. Trading Plan: 1. Sell at 15170 (Fibonacci 0.618). Targets: 1. 14900 (pull back to the MA50 4h). Tips: 1. Only a crossing over Resistance (1) can restore...
Remaining neutral for the night, NFP is in the morning. However, looking at a potential liquidity sweep during London Session. If the Sellside is taken into the Fair Value Gap, I will look to enter on the m1 if a Market Structure Shift occurs. Target will be the M15 Buyside liquidity.
Nasdaq (NDX) has been on a 3-month correction since its July High. No need to mention that this High almost touched its All Time High (ATH), almost recovering in less than 1 year the value lost in the Bear Cycle. ** 2010 Higher Lows and Megaphone ** The Higher Lows (dashed) trendline that has been in place since 2010 after the recovery from the 2008 - 2009...
Waiting for the arrival of Buyside Liquidity to be taken, then on the m1, look for displacement in the opposing direction (Short). Ideally, this would setup a Fair Value Gap when it displaces, which I will use for entry. Im overall short on NQ and anticipate that when the buyside is taken as liquidity (during London Session), it may also create the high of the...
Nasdaq Futures are range-bound. We have a Non-Farm payroll report coming in tomorrow. My bias is on the upside for tomorrow. Lets see what happens. Either ways we have to be ready for both sides which ever way the markets digest the data. Do not trade for the first hour for tomorrow since it will be volatile.
Is the Stock Market Dead Money For The Next 10-20 Years? So much of how our markets work is based on optimism. Can you imagine being a money manager and your entire sales pitch is some negative diatribe about how the market is going down and will continue to go down? Would you fork over your hard-earned savings based on such a story? Not a successful plan...
Greetings, I find my previous communication regarding the US dollar was perhaps insufficient in elaborating my viewpoint. Therefore, I have resolved to delve deeper in this correspondence, presenting a thorough analysis to substantiate my conviction that the US dollar is poised for a considerable mark-up phase, from a technical standpoint. I must clarify that I...
the volume on NQ today was great, in a demand area. already showing strength. I this does not break out to the long side I'm not eating sugar for a month..
Nasdaq (NDX) recently broke below the Higher Lows trend-line of 2023, the trend-line from the start of the year that has been supporting the strong recovery. This created the conditions for further decline, especially since the 4H MA50 keeps the price action below it, but so far Support 1 (14430) is holding. The above levels are those we will use as break-outs. A...