NAS100 TRADE IDEANasdaq 100 began the trading week with strong sell candles and eventually enters a bullish trend at the open of the New York trading session yesterday. We have NFP on Friday so we should expect high volatility at any point in time this week and trade with strong risk management. Nasdaq 100 closed slightly Lower yesterday with bearish candles. We should see strong retracement to the upside after a retest to the downside before or after the open of the NY trade session.
Indices
NASDAQ Potential DownsidesHey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 147700 zone, NASDAQ was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
Dowjones potential downsidesHey Traders, in tomorrow’s trading session we are monitoring US30 for a selling opportunity around 34150 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 34150 support and resistance area.
Trade safe, Joe.
S&P 500 Daily Chart Analysis For Week of September 29, 2023Technical Analysis and Outlook:
Based on this week's trading action, the Inner Index Dip 4212 seems to be experiencing a bias to a continued downward side pattern. The Mean Sup 4246 is playing a crucial role in holding the price. But, there's a chance that the market could rebound to Mean Res 4340 and even extend to Mean Res 4400 on the upside potential.
US30 ON A MASSIVE BULLISHThe stock had been on a steady fall in price but that recent change in trend by a new higher highs is an evidence that weather its a pull back or bullish move is ready for a continued move that may reward bull traders with lots of pips reward,
According to DANCOLNATION CAPITAL trading strategy, we are to wait for a new retest as shown by our arrow movement then we can join catching the moves with a good price
If the S&P500 is to bounce, surely it should be today?We all know that global indices have been under pressure whilst the US dollar and bond yields scream higher. But with the S&P 500 respecting key levels of support and forming a bullish hammer on Wednesday, perhaps it is time for at least a sympathy bounce?
Furthermore, the hammer low perfectly respected trend support and closed above the 200-day EMA, with a bullish RSI (2) that curled higher from oversold and the RSI (14) is itself nearing oversold.
We're not looking for a strong risk-on rally, but a small bounce (perhaps towards the August lows of 4400 gap resistance level) may not be such a crazy idea. At which point we could seek evidence of a swing high and a potential break of trend support.
Naturally, an immediate break of yesterday's low would also invalidate trend support and likely signal its next let lower.
S&P500 Entered the 2 year High Supply/Demand Zone. Will it hold?Time to leave the short-term charts for S&P500 (SPX) aside and look again at the long-term ones as the price failed last week to recover the 1D MA50 (blue trend-line) and is extending this week the decline towards the 1D MA200 (orange trend-line).
** Higher Lows and 2-year Supply/ Demand Zone **
It hasn't yet hit the Higher Lows trend-line that started on the October 13 2022 market bottom but has entered a 2 year High Supply/ Demand Zone, which has acted as the strongest Pivot Belt since October 2021, with 4 registered holds (green arrows) and 4 rejections (red arrows). It is clear that the market considered it a key during the previous Bear Cycle as well as the Bull Cycle.
** Inflation Crisis vs Subprime mortgage Crisis **
As you can see on the chart, we compare this Inflation Crisis price action with the bottom and subsequent recovery of the Subprime mortgage crisis in 2009 - 2010. The curved bottom on the 1D RSI suggests that we are so far aligned to a certain extent with the first susbtantial correction of the recovery which on May 06 2010 hit (and breached) the 1D MA200. The bottom was priced 2 months later on the 0.382 Fibonacci retracement level.
** So what now? **
The 0.382 Fibonacci on today's sequence is on 4185, marginally above the bottom of the Pivot Zone and almost where the 1D MA200 is currently. This presents us with the probability that if the Higher Lows fails and the 1D MA200 breaks, the market has high chances to consider the bottom of the 2-year Pivot Zone as a High Demand level again. If that happens, we will be buyers for as long as 1D candles close above the bottom of the Zone. Based on the 2009 - 2010 price action, it can rise towards the -0.236 Fib ext and reach the 4820 All Time High (ATH) by Q2 2024.
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BANK NIFTY INTRADAY LEVELS FOR 27/09/2023BUY ABOVE - 44780
SL - 44680
TARGETS - 44890,45000,45180
SELL BELOW - 44550
SL - 44680
TARGETS - 44420,44250,44100
NO TRADE ZONE - 44550 to 44780
Previous Day High - 44780
Previous Day Low - 44550
I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
US indices plunge, US30 below 30,000 ptsUS stock indices came under selling pressure on Friday following European markets close. As indices from the Old Continent finished the day significantly lower, now pessimism might be spotted on US stock exchanges. Currently all major US indices are plunging more than 2%. The Dow Jones Industrial Average (US30) fell below 30,000 pts, which was a critical support earlier.
We can expect further test of the diagonal support (in yellow below) to be tested around thee 29000pts level.
Comment your opinion below...
Analyzing Nasdaq-100 $NAS100 for Potential Double Top ReversalThe NAsdaq-100 (NAs100) index is currently displaying a classic double top formation on the weekly timeframe, signaling a potential bearish reversal following a robust 7-month rally. This surge was primarily propelled by a select group of companies utilizing AI technology.
A Double Top pattern, characterized by two almost equal peaks, serves as a bearish reversal indicator. It suggests a potential shift from an uptrend to a downtrend, signifying a slowdown in buying pressure and an emerging influence of sellers in the market.
To confirm a downtrend, keen observation of the critical support level at 14,500 is vital. A breach below this level would not only cross the intersecting trendline but could potentially prompt a 5% decline in the index in the short term. Such a move could mark the beginning of a bearish market sentiment.
An intriguing correlation exists with NVIDIA's chart, which shares similarities with this pattern. Thus, it's imperative to closely monitor this tech giant's performance, given its significant influence on the broader tech sector and, consequently, the entire market.
This information should be viewed as guidance and not definitive instructions. Thorough research and consultation with a financial advisor are essential before making any investment decisions.
S&P500: Near the bottom. Recovery should start early October.S&P500 is trading on a descending channel, on a very bearish 1D technical outlook (RSI = 36.220, MACD = -31.420, ADX = 38.889). The 1D RSI is on the same level as the August 17th bottom of this Channel Down. This decline is approaching a Triple Support Band: the 1D MA200 and the 1W MA50 which are headed directly for the bottom of the Channel Up that started exactly a year ago.
We expect the bottom to be formed inside these two weeks and early next month to see the first signs of recovery. A Cup recovery pattern has been the common mode of rise these past 12 months, so we set a R1 target (TP = 4,600) for mid to end of November.
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Dowjones breakout and Potential RetraceHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 34300 zone, US30 was trading in an uptrend and successfully managed to break it out. currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
BANK NIFTY INTRADAY LEVELS FOR 25/09/2023BUY ABOVE - 44790
SL - 44660
TARGETS - 45000,45270,45470
SELL BELOW - 44600
SL - 44680
TARGETS - 44420,44250,44100
NO TRADE ZONE - 45600 to 45790
Previous Day High - 45000
Previous Day Low - 44600
I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 25/09/2023BUY ABOVE - 19720
SL - 19680
TARGETS - 19750,19790,19850
SELL BELOW - 19660
SL - 19700
TARGETS - 19590,19530,19470
NO TRADE ZONE - 19660 to 19720
Previous Day High - 19790
Previous Day Low - 19660
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Nasdaq (NDX) -> Dump And PumpMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Nasdaq.
For more than 10 years the Nasdaq has been trading in a quite obvious rising channel and just recently retested and already perfectly rejected the rising support trendline.
Since the Nasdaq is now retesting the parallel resistance trendline, I first do expect a short term drop to retest the $13.000 support level and then I think that we will see another rally.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
NASDAQ Breakout and Potential retraceHey Traders, in tomorrow's trading session we are monitoring NAS100 for a selling opportunity around 15000 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 15000 support and resistance area.
Trade safe, Joe.
snp a bounce before breaking down further?Just as mentioned about the trendline, once broken more downside to come.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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DAX potential 500 points LONG! Retesting LOW VWAP BAND
Helloo Traders:)
DAX has already double-tested the lower limit of VWAP -1, accepting this level twice with a dynamic break to the upper limit of VWAP. Currently, the session closed above the level of the lower line VWAP. What may announce another positive break towards the upper limits of the VWAP. Opening a long position after Heikin Ashi generates confirmation. Negation of the scenario after going below and closing the candle fully below the lower limit of the VWAP. If you are curious how VWAP works, I have created a short tutorial available on my TradingView profile.
I wish you good trading week!