Trend is up till it is not. NDX seemed somewhat weak but recovered nicely. Anything can happen for CPI but overall, as long as price is above BZ, trend is up. 15353 will be a low risk level to go long (especially on a CPI dip) for a move higher with 15861 as a possible magnet level.
#NAS #DailyReview #WeeklyOutlook
Last week was a weird week with the drop on Thursday and then price on Friday setting the Weekly High after trading into the D+VIB and near the Weekly low. We also traded through the D-OB and if it is going to continue to the upside may use this as a new POI. Dollar moved up the entire week pretty slowly but the Bonds pulled...
Tf daily clearly shows that the price has broken out of the channel where signs of trend change will begin to occur. Observation of tf h4 clearly shows the price in an uptrend where the expectation will test the price of 15955.47 which is the highest price for the year 2023.
If the price succeeds in breaking the price, then re-entering the channel will indicate...
The index price ended trading on Friday by forming a strong upward rally, surpassing the stable barrier at 15400. We noticed that it recorded some additional gains by reaching around 15533.
We note that the continued price fluctuation above the 15533 level, which currently represents an extension of additional support, and the attempt to provide the Stochastic...
HELLO Everyone
OANDA:NAS100USD
NASDAQ100 INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 15275
The next resistance located at 15795 is the next bullish objective to be reached.
The bullish movement could then continue toward the next resistance...
Hey Trader's , In Coming Week we Are Monitoring NAS100 for a BUY Opportunity, around 15474 Zone, NAS100 is trading in a Downtrend and Currently is in 15474 Correction Phase in which it is approaching the trend at and Support and Resistance Area
Note :
Trade Safe , And Enjoy Likes and Comment And Give us Some Support
NASDAQ
NEW forecast
Hello everyone, If you remember in my previous idea, we said the price will rise and was rise till about 15560 , reached our target also broken the strong resistance zone
now, the price visited the lower area to do retest
so if the price again starts to rises and can stable above 15515, will be motive power for the direction to be uptrend...
15155 worked perfectly for a move of almost 400 points given on Friday () especially with a double re-test of the key level.
Yields went up on Friday together with indices up. Fake up move? TBH, rally is overdone and market need to make a higher high to confirm a break of the downtrend.
But as mentioned, price action is still bullish, so either look for wait...
Wall Street's main indexes ended with big gains on Friday, boosted by heavyweight tech and growth stocks as Treasury yields calmed.
NAS100 surged to high levels and after finding strong support it experienced a retracement. The retracement is not completed yet technically since the index did not reach apparently to the 61.8 Fibo level. As per the arrow, it is...
