Take a look at our analysis for NAS100.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 18063.0.
Considering the today's price action, probabilities will be high to see a movement to 16988.7.
P.S
Please, note that an oversold/overbought condition can last...
Do not sleep on a bullish market...
Sells are only retracements...
Historically bullish moves on the biggest timeframes
Every Zag needs a Zig
Every Zig needs a Zag
You have been warned....
#patience
#auberstrategy
#zigzagtheory
#whywewait
We are on the higher time frame where the price has broken out of the uptrend channel pattern, creating a 5-minute order block/demand zone, waiting to be retested in the London or New York session before looking for an entry opportunity.
USNAS100 New Forecast
The price should break the resistance trend which is 18095 to continue the bullish trend till 18250,
but otherwise, it should break 18030 and 17990 to start a bearish trend till 17940 and under it 17795
so now will move between 17790 and 18140 till breaking
pivot line: 18030
Resistance Price: 18140, 18250, 18480
Support price: 17940,...
NASDAQ is about to entered in strong resistance zone.
Price is been on strong bullish run from last few days but now has entered into bears territory, will the bears get active active and send price back to 17500 region ?
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...
Hello everyone
It seems that last week was the end of wave 1 cycle in NAS100 and its correction has started.
There is no one that can predict what patter we are facing to for this wave 2 cycle it is just an idea.
Please take time and let the chart disclose its internal patterns.
Just monitor uptrend impulses when wave 2 corrects confidently.
Thanks
In assessing the Nasdaq's current market conditions, there emerges a compelling narrative suggesting a potential bearish leg in its trajectory. This notion finds its roots in the recent retest of the 78.6% Fibonacci retracement level, a critical technical threshold renowned for its significance in price action analysis. Concurrently, this retracement is...
Chart : 4Hour
Overall Trend : Bullish
Current Market Structure : Consolidation
Scenario 1 :
Price is currently consolidating at a supply area .Price could begin to drop from this 4hour supply area and continue its way to the down side .
OR
Scenario 2 :
Price can even break above the first OB . And moving its way to the extreme OB and then push towards...
Analysis 06/05
Nasdaq just a retracement or Short?
As my previous idea, I mentioned the next nas100 movements.
Where we are now?
As you can see from the picture, Friday we touched liv 0.786 Fibonacci (17917.60).
On the RSI indicator an overbought position in multiple TF.
Appl on RSI indicator shows overbought in multiple TF.
This calling an obviously down from...
