Today's focus: NDX100 Nasdaq Pattern – Higher lower support point (LH Inc) Support – 15,320 - 14,690 Resistance – 15,520 – 15,822 Thanks for checking out today's update. Today, we have run over the NDX100 on the daily chart. We have started with the overall picture and worked our way into the current short-term perspective with things we are watching and levels...
NASDAQ Daily *Note: This is an update to our previous analysis that will be linked below Price Chart The NDX is currently trading within an upward channel (Yellow Solids), and has recently tested the bottom trend line a fourth time; the more price retests it the weaker it becomes. This has also formed what could be the neckline (Teal / Red Solid) to a head...
NASDAQ Daily Price Chart We have quite a bit going on here so, pitter patter lets get at 'er. First, we have our second fake out (Highlighted) on the major trend line (Yellow Solid) which is accompanied by less buying volume than the first. EMA's have not crossed yet however we have a solid close below the 50-day and a legit cross of the 12-day and 26-day...
We are in the wave Y area. From here we can expect upside again but we see it as the 'last' chance.
In the higher timeframe, it looks like we are doing a wave (4) down which should be followed by a wave (5) up. However, there is a potential trap in which we might see way more downside as the wave II correction can still be ongoing.
We are reaching the areas from where we can go long again. We are looking to buy wave ((c)) and wave Y for more upside. There might even be a chance that waves ((c)) and Y are already completed.
Despite the most recent sell off, my wave count suggests further upside, potentially during Q4 of 2023 should be expected. Looking for support to be found, to then resume higher. Feel free to ask questions, Trade Safe!
We are reaching the areas from where we can go long again. We are looking to buy wave ((c)) and wave Y for more upside. There might even be a chance that waves ((c)) and Y are already completed.
We are reaching the areas from where we can go long again. We are looking to buy wave ((c)) and wave Y for more upside. There might even be a chance that waves ((c)) and Y are already completed.
We are reaching the areas from where we can go long again. We are looking to buy wave ((c)) and wave Y for more upside. There might even be a chance that waves ((c)) and Y are already completed.
Looks as if a double top has formed after the recent melt up and a secondary trendline has been broken (solid yellow). Used RSI and OBV here to show the deviation from the price action solid red). The current trendline of the RSI has broken down and has bounced lower off the 50 level while the OBV sits right on it's current trendline. Price action has seemingly...
These are my short to medium term key PMLs (Price Magnet Levels) for NAS100
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. The corrective structure following the upward structure also looks complete now which means we can see more upside again. However, we cannot exclude a bigger correction that goes deeper into the wave (4) area.
After retracement of the price and taken liquidity of the sell side and rejection of FVG and golden zone Fibonacci "OTE" we will see a increase of the price towards supply zone
NASDAQ broke the support Cluster of the rising and Horizontal lines at around 15432 so we are now Bearish biased and I will Be expecting a move down!
US30 is going to fall. Remember that every good setup is most probable entry not 100%. must use money management.
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. We are waiting for a clear ABC pullback in order to go long.
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. We are waiting for a clear ABC pullback in order to go long.