Heading into 61.8% Fibonacci resistance?US100 is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 19,152.11
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 19,632.23
Why we like it:
There is a pullback resistance level.
Take profit: 18,451.49
Why we like it:
There is a pullback support level.
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US100 trade ideas
NAS100Working on my charting skills, I tend to enter trades based on where I feel the price is going so this is very detailed for me to guide my trade, and hope it helps someone else
US1003-week Projection before the US Elections
-From current Market Price
@18800
After the Apple Event, the market has seen a correction after NVDA share price drop
My colleague and I are expecting a major bull run in the next couple of weeks
short nasdaqtime is very important.😏..... ✔buyside liquidity taken out. now waiting for 5min shift in market structure...1min timeframe is already sell😉
NAS100 RISING WEDGE PATTERN SELL ANALYSISHere on Nas100 price has form rising wedge pattern and was able to break out below the line of 18604.6 which means that the chances of falling is very high and going for SHORT is needed with target profit of 18322.4 . Use money management
Bullish Butterfly Pattern on NAS100Hello guys, that was a bullish butterfly pattern on NAS100 with a combination of SMC and other technical concepts.
As always nothing is guaranteed in this market there is no guarantee that we will achieve the profit target. we only stick to the rules with proper risk mgt.
am not perfect if you feel there are areas am making mistakes or you don't agree with,, my dm is open..wishing you guys all the best
Nasdaq NDX Be carefulBe careful
T1 = 16000
Be careful
Why Is RSI Important?
Traders can use RSI to predict the price behavior of a security.
It can help traders validate trends and trend reversals.
It can point to overbought and oversold securities.
It can provide short-term traders with buy and sell signals.
It's a technical indicator that can be used with others to support trading strategies.
A bearish divergence occurs when the RSI creates an overbought reading followed by a lower high that appears with higher highs on the price
NAS100USD / TRADING BELOW TURNING LEVEL - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
NAS100USD is currently trading below the turning level of 19,088 , indicating downward momentum. There are two potential scenarios:
The First Scenario, the asset is trading below the turning level of 19,088, it indicates a bearish sentiment .The immediate support level is at 18,317. If the price breaks this support, the next support level is 17,876,The price staying below 19,088 suggests a continuation of the downward trend. Support levels at 18,317 and 17,876 provide potential targets where the price could find buying interest or further decline.
The Second Scenario, For an upward movement, the asset needs to break above the turning level of 19,088 and stabilize above it , If the asset closes a 1-hour candle above 19,088, it could move towards 19,535, and possibly reach 19,844,Breaking and stabilizing above 19,088 indicates a shift in sentiment from bearish to bullish. The price targets of 19,535 and 19,844 are based on potential resistance levels or previous highs that could attract further buying.
NAS100 9/10/24💹 Indices:
👁️ Outlook
Daly Bias: Bullish
Tokyo: Distribution
London: Manipulations into Accumulation
New York: Looking for Continuation but we will see if price takes out some sort of London lows before the run higher. Lets see :)
Keeping an eye on this. 👁️
NAS100U Sell forecastNAS100U New forecast👨💻👨💻
Note:
Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business........ Set your own SL & TP.
Nasdaq Consolidates Ahead of CPI Data with Bearish PressureNasdaq Technical Analysis
The price is expected to consolidate between 18,710 and 18,420 until a breakout occurs, with increased volatility likely around the release of inflation data.
Currently, bearish momentum is driving the price towards 18,420, after which a bullish reversal may begin during the CPI data release. However, if the price stabilizes above 18,720, an upward move toward 18,920 is anticipated. On the other hand, as long as the price remains below 18,720 and 18,630, it is likely to retest the 18,420 support level.
Key Levels:
Pivot Point: 18,630
Resistance Levels: 18720, 18920, 19160
Support Levels: 18430, 18320, 17890
Expected Trading Range: 18420 - 18930
Nasdaq thoughts 10-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
NASDAQ SHORT i don't trade at this time, but if it was NEW YORK Session , would have taken this trade😁
Nasdaq Tactical Short Trade Idea Update A relief rally for US equity markets o/n as investors continued to juggle two key uncertainties. The first is the magnitude of the Feds anticipated rate cut at next week's meeting. The second is the uncertainty surrounding the US election, with recent polls showing Donald Trump and Kamala Harris locked in a tight race.
In the next 40 hrs, we may gain insight into both uncertainties. The second US Presidential debate is set for tomorrow at midday Sydney time. A decisive debate win by one candidate might stabilise markets as voters and betting markets rally behind a frontrunner. The opposite is also true if there is no clear winner. Secondly, US CPI data is scheduled for release on Wednesday night at 10:30 pm, which can help shape expectations around the size of the Fed's first-rate next week.
Last Monday, we moved to tactical short bias in the Nasdaq 100 (published on TV on Sep 4). The short recommendation was based on the idea that the correction in the Nasdaq 100 from the 20,690 high to the August 17453 low was missing a leg lower towards the 18,000/17,700 support area (coming from the 200-day moving average and uptrend support from the December 10,671 low) against the seasonally weak backdrop of September. There is a possibility of downside overshoot towards support at 17,000, a wave equality target.
We have lowered our bearish reassessment level from 19,750 to 19,450 – just above last week’s high. You can watch this week's video update ⬇️
www.youtube.com
Important Support and Resistance Zones: 18788.2-18898.9
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The StochRSI indicator has not escaped the oversold zone.
And, since StochRSI < StochRSI EMA, I think it is not a trading period.
Therefore, the key is whether it can rise above the left Fibonacci ratio 1.902 (18788.2) ~ the right Fibonacci ratio 0.786 (18898.9) and receive support.
If not,
1st: 17854.8-18250.3
2nd: Right Fibonacci ratio 0.618 (17141.4)
You need to check whether there is support near the 1st and 2nd above.
In the worst case, I think the final range is around 16123.5-16322.6.
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If it rises above the left Fibonacci ratio 1.902 (18788.2) ~ right Fibonacci ratio 0.786 (18898.9) and receives support,
1st: 19582.6
2nd: 20313.8
You can trade depending on whether there is support near the 1st and 2nd above.
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Have a nice time.
Thank you.
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Bitcoin Tracks NasdaqAll bitcoin charts should have the Nasdaq in the background.
This will help see bigger cycles in play.
When Nasdaq ended a bull era in 2000, it dropped over 83% and required over 16 years to regain those highs.
#bitcoin #nasdaq
Recap of my NAS short todayNAS short trade, wit a very bearish overall bias into 3rd hour rotation... taking it down to 4h Low and pwVAL
SELL ON NASDAQYou can sell on NASDAQ after that we have a BB with the SL and TP as shown on the chart.
Thesis Generation for mutitimeframe SB Style Trading explainedIn this video, I guide you through the complete process of generating a trading thesis and selecting pairs for my shortlist. We'll begin with a theoretical explanation and then apply it to today's NAS situation. My analysis incorporates the Stacey Burke trading style alongside a mechanical multi-timeframe bias analysis. A consistent and clear analysis process, repeated daily, is crucial for continuous improvement. I hope you find this helpful!
