After examining the NASDAQ chart on a 4-hour timeframe, we observe that the price, after an initial correction from the 18250 area, has re-entered this zone and shown a negative reaction! As I mentioned in the previous analysis, the range from 18250 to 18340 is a very important supply area, and I expect the price to react to it! Now, if the price stabilizes below...
US100 might have created a false break on current resistance if the pair pull back within this zone it will open up room for sell positions in the days ahead
The ending flat abc is clearly visible and is expected to have a crash next . The analysis is from a system called D waves. this is not a financial advice.
just another brief post to help some of you who may be struggling with proper analysis...
Remember even bullish markets need retracements...
The bullish trend is HL/HH’s...
If the market is at a HH with proper certification of completion…then it will retrace to form another HL.
Do not get fooled into thinking the market is permanently reversing…it is just the...
Please, check our technical outlook for NAS100USD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 18154.0.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 18409.4 level.
P.S
Overbought describes a...
Nasdaq is almost overbought on the 1D timeframe (RSI = 69.095, MACD = 114.290, ADX = 45.033) and even though it has entered a new long term bullish wave, a short term technical correction is needed. In addition, it has completed the first 4H Golden Cross since November 8th 2023. The index then crossed over the LH trendline. We are already above the new LH. Enter...
Nasdaq has broken its all time high of 18500 on march 24. It is currently trading above it but does
momentum supports new high?
As far as volume is concern. There is bearish divergence on volumes. Volumes are on lower sides on this breakout raises eyes on bull trap.
We have another harmonic pattern is forming which supports 18800 to be the reversal points....
Analyzing the NASDAQ chart, $18,700 stands out as a key resistance level. We are also observing a divergence in the RSI, which often signals a potential reversal. My analysis suggests that after the price consolidates within the range of $18,570 to $18,700 for several days, we could see a downward movement towards $17,500. Following this decline, I anticipate the...
Three weeks ago (April 23, see chart below) we called for a relief rally on Nasdaq (NDX) 18000, right when the price was at the bottom of its correction:
The Target was the top of the Channel Down, which was the correction pattern and just below the 0.786 Fibonacci retracement level which during the July - October 2023 correction was where the uptrend was...
Hey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 18300 zone, NASDAQ was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 18300 support and resistance zone.
Trade safe, Joe.
NAS has been going up and down for a while now. I'm looking for it to indicate whether we are going to break pattern and move upward.
If not, we will see the lower highs and lower lows start to creep downward today.
If making an entry, I would need to give enough room for retracement either way
Hi Traders we still on uptrend having to reach previous higher high. now we on high low with long rejection from downside. showing less momentum to downside.
Please share your results.
Enjoy your day.
Certified Price action king.
Price is currently at a resistance level which is a pullback resistance and could potentially drop from this level to our take profit.
Entry: 18,334.16
Why we like it:
There is a pullback resistance level.
Stop loss: 18,490.09
Why we like it:
There is a pullback resistance level which aligns with the 127.2% Fibonacci extension.
Take profit: 17,983.95
Why we...
Major correction to be expected in the weeks to come ,starting most likely from
next week ( May 6th) .
This correction will occur on stocks , indices and most asset classes and will reach as deep as 26% on average and possibly even deeper .
For NASDAQ:NDX I expect it to reach at least the 14000 mark , and possibly even as deep as 10500 -10000 .
This...
Hello traders :)
I am back with another trader idea. In the case of Nas100, we can expect a move to the downside soon.
Like I've mentioned in previous analysis shared on indices. In general, May is a bearish month for the Indices.
I will be shorting this pair for a 3-4R. It can be traded as a correction, or we can look to hold until the end of May.
I will...
