Hello traders :)
I am back with another trader idea. In the case of Nas100, we can expect a move to the downside soon.
Like I've mentioned in previous analysis shared on indices. In general, May is a bearish month for the Indices.
I will be shorting this pair for a 3-4R. It can be traded as a correction, or we can look to hold until the end of May.
I will...
After examining the NASDAQ chart on a 4-hour timeframe, we noticed that the price, following our previous analysis, experienced a drop of 170 pips and managed to correct to 17,970. Subsequently, it regained demand and moved towards the second supply zone. Today, as the NASDAQ index reached 18,250, we witnessed a significant drop from this level, with a decline of...
Investors will likely turn their attention towards the US CPI data released on Wednesday. Unlike in Europe, inflation has been surprisingly stubborn in the US in the past few months, and that has been limiting the Federal Reserve’s ability to start considering cutting rates. Whilst the resilience in the economic data has been keeping US equities supported, the...
The Nasdaq is expected to be set for a drop in impulse wave counting.
Now wave 5 has been completed and there is a possibility that the decline will continue soon.
NAS100 target has been hit,A massive 1050 points was hit over a period of 2weeks.analysis was posted from the start of this trade idea.new trade idea will be posted when a new setup is spotted,for now we sit on our hands
Market seems to be betting on the rate cuts and soft landing again.
The narratives are floating around the unemployment numbers as a possible cause for rate cuts, or else rate cuts because why not? Jpow today seemed to hint at hotter inflation, PPI came in super hot today forecasting inflation, but Jpow has been a little less hawkish than his constituents in the...
Now that the ATH was yet again broken and the Monthly still has time on it's hands (15 Days)...It's time to shake off the miscalculated bearish trade and continue trading what this historically bullish market gives consistently...
HL's to HH's
I will be waiting for my next entry point of a completed HL before continuing with the...
In continuation of our previous analysis on the NASDAQ index, it's important to note a strong resistance zone between $18,000 and $18,100. This range has historically acted as a significant barrier to further upside movement. Furthermore, the chart pattern currently resembles a wolf wave, which is typically considered a bearish pattern. Traders should exercise...
Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 18330 to 18315. Additionally, medium-risk sell zone between 18630-18660, respectively, are highlighted.
Things I Have Seen👀:
Important Demand Zone🟢: Identified between 18330 and 18315, serving as a low-risk...
Slightly late in posting this as I entered yesterday afternoon. NASDAQ longs. Looking for a small increase in price as there looks to be some high quality supply above. However, with indices supply often fails especially in a bull run.
I posted a similar video yesterday, but it was taken down because I screwed up the content. So, I'll try to post this video without messing up the content.
The US markets (particularly the NAS100 - as shown in this video) will likely continue to move in a strong bullish price trend - even against the multiple divergences and other technical peak/exhaustion...
Futures Edge Higher as Softer Inflation Report Boosts Rate-Cut Hopes
All three major indexes reached record closes following a smaller-than-expected rise in consumer inflation, sparking optimism that inflation is easing after three consecutive months of higher-than-anticipated numbers.
The market is now anticipating two quarter-point interest rate cuts from...
Sell Idea:
As the Nasdaq approaches its all-time high levels, the index has exhibited a prolonged bullish trend with minimal retracement. Given the substantial upcoming fundamental events over the next few days, there is an expectation that the Nasdaq may experience a significant drop, potentially marking the completion of its current cycle. This setup presents a...
Here is our detailed technical review for NAS100.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 17914.2.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 17280.9...
USNAS100 New Forecast
The price reached the resistance level at 18250, beyond which it is poised to initiate a bearish trend as long as it remains below this threshold, targeting 18095 and potentially extending down to 17950.
Conversely, the primary bullish scenario would entail breaching the 18250 by closing a 4-hour candle above it, paving the way for an...
Hi mates sharing a long view on Nasdaq as price break resistance (18350) and sustaining very well above and by the today's candle price breached the high of breakout candle too which is a good sign for resistance breakout so from here onwards i am looking some more upside movement in coming sessions friends. Traget meausured from the swing high to swing low made...
NASDAQ New Forecast
(Structure: Short)
The price is still retracing towards 18,435 after dropping and stabilizing below the pivot zone, which lies between 18,660 and 18,600.
As long as trading remains below 18,600, the price is expected to drop to 18,435. A subsequent break below 18,420 would signal a continuation of the bearish trend towards 18,250. However,...
Take a look at our analysis for US100.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 18619.9.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 18122.3...
