Analysis:
Current Level: FX:NAS100 is currently at the same swing high level as of July 23.
Tight Range Since Nov 20, 2023: The index has been experiencing an unusually tight trading range since November 20, 2023.
RSI Cooling Down: The Relative Strength Index (RSI) is showing signs of cooling down, suggesting a potential decline in buying momentum.
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Sell Entry on NASDAQ 100 based on 30 minutes timeframe considering the consolidation zone and the breakout of the Rectangle Chart Pattern from downside, TP's based on EMA & Fibonacci retracement levels.
US100 successfully violated a resistance of a horizontal range on a daily.
Taking into consideration that the market is trading in a strong bullish trend,
such a breakout confirms a highly probable trend continuation.
Next resistance - 16500
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USNAS100
As we mentioned stabilizing above 16050 will support rising to touch 16400 so now we are about touching 16400
Still running at the bullish trend as long as the price trades above 16050, and be aware of the short correction
Today's Effect will be the CPI result, releasing as an expectations will support rising Indices, and all that remains is to attend...
Hey Traders,
I've done a few posts detailing short zones which we caught previously and exited for multiple gains.
Bias changed to the long side, to which you should be out.
My bias on the rebound now remains similarly, but there's a few things to note going forward.
Also going forward its a good idea to keep an eye on FED comments, especially today.
Watch...
I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you :)
Did my analysis +- 5:20am GMT
Looking exclusively for a buy as Nasdaq is overall bullish - "The trend is your friend"
Noted at A. that the market retested the blue downtrend line that it had been respecting - candle closed above...
This Is An Educational + Analytic Content That Will show entry ideas for trades.
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions.
Disclaimer
The...
The Nasdaq 100 witnessed a robust recovery driven by investor enthusiasm surrounding the future of artificial intelligence (AI). This surge followed the launch of Google's cutting-edge Gemini AI model, generating positive market sentiment supported by analysts' favorable remarks. Simultaneously, market speculations about potential changes in the Bank of Japan's...
Nasdaq established its price action over the 4hour MA50 again.
A Channel Up is emerging, and could be a very aggressive one as the 4hour RSI is already overbought.
You can buy now and target at least the 16785 ATH.
If the price breaks over it and after re-testing it holds, re buy and target 17850 (+13.65% rise like the first leg of the Channel).
Previous...
My POI is the level 16017.4, is the level where I will be more interested in buying NASDAQ, and I will be more focused on how the market will react.
Note :that the market is in a range in higher timeframe like H4.
USNAS100
NEW forecast
For now, the price is trading between 16140 and 16000.
As of right now, trading below 16000 will lose positive energy and drop to 15890.
Maybe the price will drop once again after reaching 16140.
Otherwise, if the direction rises and breaks the 16140 target, thus crossing their resistance zone, they will prepare to touch the next...
