Nasdaq is bearish on its 1D technical outlook (RSI = 37.414, MACD = -64.490, ADX = 50.187) but the 1W RSI is still bullish (RSI = 56.510). You can see the reason on this chart. The long term pattern is a Channel Up that is supported by the 1W MA50 for the past 13 months. The current pullback can be seen as a phase similar to the consolidation of August-November...
As the global economic landscape continues to evolve, forex traders are constantly seeking insights to inform their strategies. The upcoming release of key indicators for the US economy provides a valuable opportunity for analysis and projection.
Forecasting the US Consumer Price Index (CPI) for March reveals anticipated increases of 0.3% monthly and 3.4%...
Taken a nice swing trade on US 100 based on the 3min inverted FVG.
Entry 17480
TP 17545
SL 17458
Keep an eye on the buyside liquidty resting around 17600.
Will be tape reading until we get a close of the 1H and will keep an eye on how we close today.
Not much more to say about the market... we are halfway through the month and getting closer to the end of...
Daily/4h time frames analysis for US100.
Price action & key levels.
Directional bias.
Thoughts.
Trading plan.
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Here is a little insight into what I am looking for on US 100.
Market currently chasing the sellside of the HTF daily range.
Line in the sand for the bulls is 17350
Will be looking to see IF we run the sellside liquidity (red line) and trap the bulls before heading back higher.
IF we fail to hold these levels I would expect pa to continue lower.
Don't try...
Divergence: Divergence between price and indicators on the 1-hour and 4-hour charts suggests a potential reversal or continuation of the trend. In this case, the divergence indicates a bullish bias, supporting the idea of a long position on the NASDAQ 100 (NAS100).
Technical Indicators:
Buy Stop Order: Placing a buy stop order above the current market price...
A break of structure, trends in trends, down trend within another down trend which it broke and made a retest and support level. Going with the triangle set up.
POI areas for today. I'm waiting for price to take liquidity and react to these areas. I shall personally take entries dependent on how price reacts in these zones. If price takes liquidity on the 1m timeframe in any area and shoots towards a POI, then that POI is more then likely invalidated. If price slows down before reaching a POI, then it's more then likely...
Still overall bearish on the whole market keep piling up like jenga
its only a matter of timing (ive notice quarters tend to have structural shifts or reversals in ur words)
right time beats the right strike (in my case pullbacks i thought were gonna be crashes)
That being said at the break of each zone im adding a position
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April has truly been a eventful month thus far , key take aways and forward outlook
With the solar events and economic calendar turnover we have seen substantially price movements and economic changes .
The wars we are facing in the world are not subsiding .
Population growth index of counties are dropping from the preferred 2.1 range to 1.5
Us100
Forecast...
Daily: A bearish MSS has been formed in the Daily TF, & Daily ERL has been taken. So the trend is clearly bearish now.
As there are unmitigated D-IRL, so the price could go upside towards that level then starts falling again towards the Daily LRLR.
H1: there are H1-FVG above the D-DVG aligned with OTE so currently we could anticipate that the price will move...
we used to trade based on technical analysis now i trade based on Fundamentals the war in Israel plays a significant role in the market because the US increases its debt and flood money into the war and the interest rates keeps on staying high and by only analysing XAUUSD and WTI you get a clear idea of the Problems we are about to face as a World. therefore...
Hello
Sometime how beautiful and text book pattern has been made in the chart that I suspect that if it is true or not. For now it has happened for Nasdaq and there is no need to any explain so we just need to wait and and see.
Thanks
Seems we have entered a correction on nas100 if we can get a retest on the demand zone which is now supply
We’ve broken the last major higher low
We can see down side from now possibly
Not much reaction or manipulation on the part of the market in my opinion following Fed Jerome Powell's speech.
Taken a scalp long from 17730 to 17765
Entry 17730
TP 17765
SL 17708
Taken my profits for the day and content with what I've got. Expected more from the market but did not get it and that is alright. Knowing when to take your profits and not...
It is in my humble opinion that the Nasdaq appears to have completed its cycle that began at the low in 2002. The projected potential target would be approximately within the zone of the prior wave 4/red dotted line within the symmetrical triangle.
At this current time of posting there appears to be an inverse exotic dragon pattern as well. The Head and...
