Nasdaq isn't overbought on the 1D time-frame anymore but technically it remains bullish (RSI = 63.538, MACD = 210.050, ADX = 41.826) and will continue to be as long as the two month Channel Up holds. It may be supported by the 1D MA50 but if the index follows the late July peak formation and crosses under the 0.382 Fibonacci level, then we expect a technical short...
Previously in the Series.. 👉 Launch of BTC futures on December 18, 2017 Bitcoin is down more than 10 percent in a week and crashed 80+ percent in a year. 👉 Launch of trading on Coinbase IPO NASDAQ:COIN on April 14, 2021 Bitcoin is down more than 10 percent for the week and crashed 50+ percent for the quarter. 👉 Launch of AMEX:BITO - the first fund based on...
Nasdaq (NDX) closed yesterday on a red 1D candle, with the 1D RSI above the 70.00 overbought barrier, but remains within the (dashed) Channel Up, as well as supported by the 1D MA50 (blue trend-line) since November 03 2023. Based on the 1D RSI which is within a Megaphone pattern, we might be approaching a peak similar to July 19 2023, whose RSI was also inside a...
This is my Weekly Outlook of the index, NASDAQ 100, via top down analysis. Please leave a comment, as I would love to receive feedback from viewers. Thank you for watching. May profits be upon you.
Hello traders! ‼️ This is my perspective on NASDAQ. Technical analysis: Here I expect bearish price action after price took buy side liquidity. My target is sell side liquidity and psychological level 16500. Like, comment and subscribe to be in touch with my content!
NQ failed to make a new high and took sellside today. im bearish below this zone. Watch previous swings as liquidity grab that might act as a turtle soup.
Im bullish until we break this zone below. Watch 16866.50
Nasdaq / US100 is pulling back after a Double Top formation at 16970. The 1day RSI is already inside a Channel Down, much like the patterns of the July 19th 2023 and February 03 2023 Tops. They both declined by -9.00% on average. Sell and target 15850, which is slightly over the bottom of the Rising Wedge (Rising Support) - 1day MA200 - 0.5 Fibonacci Support...
Nasdaq is on a bullish 1D technical outlook (RSI = 60.007, MACD = 103.260, ADX = 29.522) as since January 5th it reversed before testing the 1D MA50 and is near the R1 level (16,980). The last three 1D candles have been flat and with the RSI trading downwards (Bearish Divergence), it is a first sign of a potential technical decline. This is like the top pattern of...
Hi folks, Here is out setup scalp entry for the NY session We believe that NQ will show a strong rejection from the red box since the BIAS Is Bearish. The entry is based on a multi-timeframe analysis
Nasdaq (NDX) has completed a giant Cup & Handle pattern and since the late October 2023 bottom, it has started the post Handle rally. This rally historically tends to be a very long-term one but with its fair share of corrections to at least the 1W MA50 (blue trend-line). As you know 2022 was the year of the Inflation Crisis (left side of the Cup) while 2023 was...
The NQ went bullish once again today. I had a positive day at the start and then started second guessing my reading of the price action I saw and blew throught the different points on the 15 minute chart. So moral of the story go with what you see and know and stop trading when you are up. I started the day up over $250 in profit ended the day from dumb trades and...
1. The price shifted structure on 16758.50 and left a bearish breaker block behind to return to. 2. It looks like it's aiming for the mean threshold of a breaker. 3. Price should respect the zone of a breaker then melt right after that. 4. In order for sells to be valid we need to see the bodies of daily candlesticks respecting the zone. 5. Then after that we go...
Bullish next week.... then turning BEARISH. Price turned bullish after the bullish BOS. However, the bias turned bearish after the ERL, and the IRL is now sought. There was also the formation of a -BB and a -FVG. Should price return to it, the expectation is it will be respected, and price will head down from premium to discount prices.
Hello,Friends! It makes sense for us to go long on NQ1! right now from the support line below with the target of 16824.50 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅
trend is bearish... if the price can't make a new high from here we will see a new low. the first post was been flaged by Tradingview CME_MINI:NQ1!
SEED_ALEXDRAYM_SHORTINTEREST2:NQ is currently at 16496(on 01/07/24) is expected to retrace towards 16760 before continuing downward bearish expansion. T1 target - 15920. If the bearish momentum is aggressive, T2 - 15415.
NQ is a little bit late compared to ES. So I believe the break of structure on the Daily chart (as ES) is confirmed. So we're going lower, but first he possibly will comeback to the Daily Breaker Block and then going lower to close the volume imbalance around 16100.