Nasdaq trading zones: 18-Dec-2024Good morning, traders! As a seasoned price action trader, I'll share my Nasdaq insights to help you improve your trading skills.
NDX trade ideas
NAsdaq bull flag?setting up for FOMC rate decision today. unless we broke & close below the previous low, invalidate the bull flag.
US100 o heading 23000Based on Elliot wave , we are in the Wave 5. Seems like the price will break 23000.
NAS100USD: Targeting Liquidity in Discount PricesGreetings Traders!
In today’s analysis of NAS100USD, bearish institutional order flow remains dominant, characterized by a sustained downtrend and multiple bearish breaks of structure. This bearish momentum presents clear opportunities to capitalize on selling setups.
Key Observations:
1. Premium Price Retracement:
Price has retraced into premium levels, where premium buy stops were taken.
At these levels, institutions likely entered sell positions against willing buyers, a process known as order pairing.
2. Liquidity Targeting:
Institutions that sold at premium prices will aim to book profits at discount prices, targeting sell-side liquidity pools.
This aligns with the fundamental principle of selling in premium zones and taking profits in discount zones.
Trading Strategy:
Entry : Seek confirmation in premium price zones before entering sell positions, ensuring alignment with institutional order flow.
Target: Focus on the liquidity pools in discount price zones as the primary profit-taking objective.
If you have any questions, insights, or analysis to contribute, feel free to share them in the comments. Let’s collaborate, learn, and succeed together!
Kind Regards,
The Architect
NASDAQ: Bullish until March 2025.Nasdaq is overbought on the 1D timeframe (RSI = 72.532, MACD = 396.420, ADX = 56.355) and is about to do the same on the 1W as well (RSI = 69.424). This is because the Bull Cycle is on full extent. However, in anticipation of Q1 2025, we are entering the final phase of the Cycle. This is a Top sequence that we've seen three time before in the last 10 years. The early signal for this is when the 3W RSI forms overbought (RSI > 70.000) LH. Each time that happened, the index had a sharp drop to at least the 3W MA50. TP = 19,000 could be an early target.
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
US 100 US 100 trade. I think Christmas week will be bull trend so I'm targeting a 1/2 rr all time high
My McClellan Oscillator Graph - Up or Down in the Markets?This is a huge factor to watch, something to consider, Santa Claus Rally expected, or not?
I have had many financial analysts for decades always point out this chart when the markets seem toppy or indecisive.
The Dow has closed 9 days in a row, first time since the 70s, that's quite interesting, let's watch to see if the theory behind this indicator proves we are in for a rally as I expect.
The markets always tend to go higher more than one might think.
CHART BREAKDOWN NASDAQ: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential demand zone: low-risk buy spanning from 21,700.00 to 20,660.00, respectively, is highlighted.
Things I Have Seen👀:
Important Demand Zone🟢: Identified between 21,700.00 and 20,660.00, serving as a low-risk buy.
Bearish Targets📈:
21,800.00: Possible retracement area.
21,950.00: Possible retracement area.
22,200.00: Liquidity Area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
Elliott Wave Analysis and Fibonacci Projections for US 100CAPITALCOM:US100
The Elliott Wave Theory identifies 5 impulsive waves in the direction of the trend, followed by 3 corrective waves:
Impulse Waves (1-2-3-4-5): Main trend movement.
Corrective Waves (A-B-C): Countertrend correction.
2. Detailed Analysis of Observed Waves
Wave 1: Initial Upward Impulse
Definition: This is the first wave that initiates a new trend, driven by optimistic investors.
Key Level on Your Chart:
The bottom of Wave 1 is observed at 21,571.8, marking the trend’s starting point.
Wave 2: Correction of Wave 1
Definition: This wave corrects a portion of Wave 1, typically between 38.2% and 61.8% of Fibonacci retracements.
Interpretation: The correction does not breach the starting point of Wave 1.
Observation:
Wave 2's correction stays above the critical support.
Wave 3: Strongest Impulse Wave
Definition: This is typically the longest and strongest wave, often extending 1.618 times Wave 1.
Key Features:
It surpasses the high of Wave 1 and creates a significant trend move.
Key Level on Your Chart:
The peak of Wave 3 is at 22,133.4, confirming a strong upward move.
Wave 4: Intermediate Correction
Definition: Wave 4 corrects part of Wave 3 but does not overlap with Wave 1’s territory.
Typical Retracement: Between 23.6% and 50% of Wave 3 (Fibonacci levels).
Observation:
The low of Wave 4 is seen at 21,946.8, aligning with a retracement between 38.2% and 50%, indicating a moderate pullback.
Wave 5: Final Impulse Wave
Definition: This wave continues the trend but is usually weaker than Wave 3.
Projection:
Fibonacci extensions project Wave 5 to end around 0.618x or 1.0x of the distance between Wave 1 and Wave 3.
Key Level on Your Chart:
Wave 5 is projected to reach 22,400 (based on a 61.8% extension).
3. Fibonacci Levels and Wave Validation
Fibonacci Retracements:
Wave 2: Corrects 38.2%–61.8% of Wave 1.
Wave 4: Corrects 23.6%–50% of Wave 3.
Fibonacci Extensions:
Wave 3: Often extends 1.618x the length of Wave 1.
Wave 5: Projected at 0.618x or 1.0x the total move of Wave 1–3.
4. Validating the Elliott Wave Scenario
To ensure the waves on your chart follow the Elliott Wave principles:
Wave 2 does not retrace more than 100% of Wave 1.
Wave 3 is not the shortest of the three impulsive waves (1, 3, 5).
Wave 4 does not overlap the territory of Wave 1.
5. Observations and Projections
Based on your key levels:
Wave 3 successfully formed a strong impulse at 22,133.4.
Wave 4 retraced to 21,946.8, aligning with Fibonacci retracement levels.
Wave 5 is projected to reach approximately 22,400, based on the 61.8% Fibonacci extension.
6. Recommendations
Monitor Fibonacci levels to confirm Wave 5's target near 22,400.
Use indicators like RSI or MACD to detect divergences, signaling potential Wave 5 exhaustion.
Validate Elliott Wave rules to avoid misinterpretations.
PULLBACKS today into tomorrow FOMC Market opens lower, looking for PULLBACKS or best positioning into end of the weeks possible rally. retest the 50s and even rejection of the 618 for best positioning of course waiting on some price action signals.
NAS100USD
1)Shorting NAS100USD,pivots strategy shows its at a resistance area/level
2)trend analysis show it at key area to of resistance aswell
Nasdaq 100 Reaches Record HighNasdaq 100 Reaches Record High
On 29th October, analysing the Nasdaq 100 (US Tech 100 mini on FXOpen) chart, we:
→ Drew a blue upward channel relevant for 2024.
→ Noted that the price was in a consolidation phase (indicated by narrowing purple lines) at the channel's median, suggesting a potential balance of supply and demand forces.
→ Warned that earnings season could trigger a volatility spike.
→ Suggested that the price was likely heading toward a new all-time high.
Since then:
→ Amid company earnings reports, we observed a volatility spike in November, which was further amplified by the release of US presidential election results.
→ The index achieved a new all-time high.
The Nasdaq 100 (US Tech 100 mini on FXOpen) chart shows that the index surpassed the $22,000 level for the first time yesterday. This was supported by positive trader sentiment ahead of tomorrow's Fed interest rate decision. According to Forex Factory, the rate will be cut by another 25 basis points (returning to the February 2023 level).
Meanwhile, the technical analysis of the Nasdaq 100 (US Tech 100 mini on FXOpen) reveals that:
→ The price has approached the upper boundary of the upward channel, which could serve as strong resistance.
→ Since early December, the index has risen by approximately 5.5%, and the RSI indicator has entered the overbought zone for the first time since July.
Under such conditions, bulls may struggle to continue the upward momentum, as more investors might look to lock in profits ahead of the holiday season. Additionally, the market's reaction to tomorrow's Fed interest rate release at 21:00 GMT+2 may play a key role.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Approaching important resistance -161.8% (LOG)We are closing on important channel resistance and 161.8 extension from the previous high in November 2021. RSI 14 shows close to overbought. I expect a strong and healthy pullback to the bottom of the channel, but this correction could take a long time and drag to 2026.
iamtradingdon | NAS100 Market Daily Technical AnalysisWhile NAS100 CAPITALCOM:US100 continues to display a bullish trend, I closely monitor indicators suggesting a likely bearish shift. The price has been rejected by an uptrend line, marking this area as a significant institutional resistance zone. If the price drops and a bearish candle closes below 22180, I will establish my target at 21800.
A nice double top forming for a quick short on the NAS100I have seen an impulsive bullish move that has created a nice double top pattern. I will look to enter this trade on the break of the neckline for a 1:1 RR. The previous price action is nice and clean with no support or resistance in the way of pattern completion.
Actionable Nasdaq insights: 17- Dec-2024Rise and shine, traders! Start your day with actionable Nasdaq insights. Let's grow your skills together, one chart at a time.
NAS100 UPDATE - Severe Divergence20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends: (Away from charts)
It will be prudent to give your mind, body and soul a good rest, to recharge for the new upcoming exciting year!
How I see it:
Keep in mind NASDAQ is seriously diverted on all Time Frames!
"BAKED IN" Rate Cut Bets = Institutions Maximizing Profits
Strong bullish price action with no selling resistance
Bull Imbalances all the way!
How far can bulls drive it up, who knows?
All I know for a fact is that Nasdaq is in "SEVERE" overbought territory!
Keynote!
The 1HR TF gives me the best view of only the tip
of the iceberg of the scale of the 1st divergence level.
Please examine your RSI on all TF's, from 1Hour - 1Month closely
I deeply appreciate you taking the time to study my analysis and point of view.
NAS long range snapshotThe NAS continues to follow the long range forecast projection since earlier in 2024.
Nasdaq 100: Sustained Uptrend with Strong Momentum SignalsChart Analysis: The Nasdaq 100 has maintained a steady uptrend after rebounding from its August low, respecting a rising trendline (black) and staying above key moving averages. Here's a breakdown of the key observations:
1️⃣ Trendline Support:
The price has respected the ascending black trendline, acting as dynamic support during pullbacks. This showcases strong bullish commitment.
2️⃣ Fibonacci Projection:
The price is approaching the 161.8% Fibonacci extension (around 22,694), a potential area for traders to watch closely for reaction. Extensions like this often serve as resistance in trending markets.
3️⃣ Moving Averages:
The 50-day SMA (blue) remains upward sloping, while the 200-day SMA (red) confirms a long-term bullish structure.
Price action staying well above these averages signals continued strength.
4️⃣ Momentum Indicators:
RSI: Nearing 70, indicating strong momentum, though traders may watch for overbought signals.
MACD: Bullish crossover continues, with rising histogram bars suggesting increasing buying pressure.
What to Watch:
Whether the price can sustain momentum towards the 161.8% Fibonacci extension level (~22,694).
A healthy pullback towards the trendline or the 50-day SMA could offer clues for continuation patterns.
Momentum indicators may warrant attention for short-term overbought conditions.
The Nasdaq 100 remains firmly in an uptrend with bulls firmly in control. A break and hold above the Fibonacci extension would signal potential for further gains. Keep an eye on volume and momentum as price nears key levels.
-MW
Toward $20576Here we can see the daily ichimoku levels in the 15-minute timeframe and I think that the price could go down to the daily kijun sen level.
Toward $21828 ?Here is a chart with 2 orange Ichimoku forecast lines, one daily and one weekly.
The price is actually above both of them.
I drawed the fibonacci extensions and I think the price can go up to $21828 that is the 1.618 fibonacci extension.
A first target might be at the 50% between the 1 and 1.618 (1.309 ?) fibonacci level at around $21547.
Us Nas 100Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
My expectations to Nasdaq!Hello guys,
on the chart you will find my target and it could go higher to 22150 but i would say 20000 due that it broke the downtrend purple line
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
