The wave (4) as a WXYXZ structure in the primary scenario was earlier confirmed as we took out the wave (3) high. On the one hand, this is bullish as we are now working on a wave (5). On the other hand, we have to be careful with the expectations for this fifth wave. With the current data, we favor some more upside but we do not expect a huge wave (5) bull run.
I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you
- Today I was looking exclusively for a buy as Nasdaq is strong bullish – “The trend is your friend”. Temporary trend is a down trend but overall, I feel the trend is bullish
- Did my analysis at +-5:20am GMT
- Noted a spinning top on W TF –...
Here is a little insight into why I would prefer going long for now on US 100.
We are currently sitting around the FVG on the HTF (Weekly).
As a consequence we know that there is a lot of liquidity to be grabbed.
Additionally we are currently within another HTF range (red lines) which have a left a lot of orders prior to the drop.
We will see of the market...
Hello.
Nasdaq index analysis in medium term time frame
The important and main number is 16000, if the price is above this number and by maintaining this number, it will continue to climb towards the target of wave 5 to the range of 16400 and 17000.
And if the price falls below 16,000 and keeps this number as a resistance, there is a possibility of a correction...
US 100 looking interesting. Still range bound in my opinion.
For today's trading day and NY session I will be looking for a long hunting back the buyside liquidity.
IF we fail to hold these levels we will follow through with the bearish sentiment. Until proven otherwise I will favor longs until the MARKET SHOWS ME OTHERWISE
Entry around 15925 (aggressive)...
According to the index price movement, there is a formation of a rising flag, which might be a potential reversal hence a bearish momentum.
Also, there is a bearish dragonfly doji candle according to the higher timeframes (1D), which might be a potential bearish reversal in the price.
My entry point is at 15950 after the price has retested the support zone of...
with small sl i am looking nasdak buying in h1 TF
my entry will be 15813
stop loss 15722
target 16259
note : please the stop loss it will save your equity
It is in a strong resistance zone, if it breaks the green box down, the green lines can be touched, and otherwise it will enter the pressured supply zone again.
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(DXY chart)
We need to see if it can be maintained by falling below 102.089.
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(SPX500USD chart)
(1M charts)
If it holds above 4419.8, it is expected to...
If this local head and shoulders topping pattern plays out on NDX, we may expect lower prices still to come, most likely involving a closure of the CPI gap!
Right now I would be waiting for an breakout sideways and then an retest. I would take a take a trade once I get a opportunity then would take the trade.
After taken liquidity of the buy side and reject C.E of FVG ''BISI'' we will see a drop of the price to taken liquidity of the sell side and fill FVG ''BISI''
- Tading is probability control your risk management.
Good luck !
Nas100 sitting within a bearish range following from last week or of a indices have shifted bullish I believe that NAS100 may follow. as it stands we are still within a bearish range so we are looking to trade within this range with caution but still following our swing bias as always.
