Hello,Friends!
We are now examining the NQ1! pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 18052.50 level.
✅LIKE AND COMMENT MY IDEAS✅
Nasdaq flashed a strong bearish signal this week as the 1W RSI crossed under the MA trendline for the first time since November 7th 2023. While at it, the price hit the top of the 2023 Channel Up. The last timw we saw those taking place was on August 3rd 2023, a little after the HH top. A Channel Down may now emerge as the correcting wave to the 1D MA100 and...
Nasdaq / US100 is near the top of its 14 month Channel Up.
As you can see, the patterns between the only two bullish legs of the Channel Up are similar and when the July 19th 2023 top was formed, the index fell on its first bearish wave by -8.75% on its 0.236 Fibonacci level.
Sell now and target 17350 (0.236 Fibonacci) and if it closes a 1W candle under it,...
Consumer tech manufacturer Apple (AAPL) is due to report earnings next Thursday, February 1. Notably, waning iPhone demand out of China has worried investors as Apple had a rocky 2024 start, dealing with several stock downgrades.
Some of analysts slowed down its expectations for Apple and the biggest tailwinds and risks for its various devices.
"As far as those...
Nasdaq seems on a fast track to close Feb 2024
And still a lot can happen in 3 days, which is the remaining time left to close the month.
One key point to make:
While Price continues to deliver within Bullish structure.
Weekly Price has been unable to close above 18071.
Current momentum is expected to continue to push price higher, but noting price's inability...
Lets look at CAPITALCOM:DXY
Currently with a Bullish structure and slow build up Long.
Seems it is attempting to reach that Monthly Area low.
Bullish Dollar=Bearish Equities....Right?
Well this has not been the case these particular past couple of weeks.
We have not seen with clarity the inverse correlation between DXY and Equities. In fact everything has...
Nasdaq is forming a new HH at the top of the 1 year Channel Up with the 1W timeframe overbought technically (RSI = 70.596, MACD = 766.660, ADX = 46.154) and the RSI in particular under LH and inside the red Resistance Zone. This is a bearish signal, validation would come upon a 1D MA50 bearish crossing. Our target is the 1D MA100 (TP = 16,850).
## If you like...
Nasdaq (NDX) tested and was rejected last Friday on the 18100 Resistance, which was formed by the February 12 High. This is a technical Double Top formation and as long as it holds, there is high probability for the index to start the new Bearish Leg of the 1-year Channel Up pattern.
In fact the recent February 12 High is technically as close of a Higher High for...
Hello traders .
i think for nasdaq the market is still bullish ,
if the price manages to give a bullish reaction on the area it is likely that it going to give a trend continuation
for bears out there if you wanna sell look for shorts on round numbers / Psycological levels but don't hold for long its agaisnt the trend i think its going to keep going and...
Why I'm so hyped?...
We just had a perfect start of a Bullish weekly model. Bearish Mon-Tues. stablishing weekly lows on Tuesday. Next will be the setting of the Weekly highs on Wed-Thursday with the following distribution on Friday if any.
If you look at the NQ chart we went from internal to internal with big boy rejection of that 4H level. Normally under these...
Chart link: www.tradingview.com
Love the strong push into overnight session, as we are now sitting in a 1HR Supply.
I am keen to see this break to either pivot point R2 (bullish) or R1 (bearish). If we can keep struggling in this zone, I want to see a pull down to retrace the huge drop we faced prior to earnings. There is a long wick off support so the pressure...
