Nasdaq100 and my 3 bearish scenariosOf course, there is also the bullish, new ATH scenario, but this, in my opinion, is the less probable of them all.
So, after breaking under 15500 support, Nas100 fell strongly and reached my target at 14k (I went lower, but who counts). Now the index is in consolidation and loss digesting.
I consider 3 scenarios for down continuation:
1. Nasdaq will drop directly, without a retesting of FED day's high, and a break under 13500 low should accelerate losses towards the next important support at 12.5k
2. We will have a retest of the 14500 zone followed by the same drop to 12.5k
3. And this is less probable considering the selling pressure, Nasdaq will rise and test the broken support, now resistance, at 15500, of course, followed by the drop to 12500.
In conclusion, in my opinion, Nas100 will continue to the downside towards 12500
Best of luck!
Mihai Iacob
Nasdaqanalysis
QQQ / Nasdaq / NQ - Interesting Perspective w/ Parallel ChannelsHere is an interesting perspective - if you're familiar with pitchforks and parallel channels and how to appropriately use them, here I'm using the similar knowledge of that mixed with parallel channels to create this. Pay close attention to the circles and how many times it entered that channel and broke out.
A trading channel is drawn using parallel lines that follow the price floor (support) and price ceiling (resistance). With a trading channel, smart traders sell stocks at the upper resistance line, hold stocks within the parallel trend lines, and buy stocks at the lower support lines.
NASDAQ:NDAQ NASDAQ:QQQ
Nasdaq100- A pull back can happen- good opportunity for shortLast week, after breaking under important 15500 support, I said that I expect Nas100 to fall to the 14k zone.
The drop happened very quickly and even exceeded my target with a low of around 13.500.
Now the index is in a normal recovery and this can provide bears a good opportunity to enter the market.
My sell zone is 14.500-15k and only a daily close above 15k would put a pause in this scenario
The first target can be yesterday's low.
Best of luck in shorting Nasdaq:)!
Mihai Iacob
Nas100: The bears have had their daysPrevious idea:
Outcome:
Nas100 closed in green, Dow made a sunning come back. Stocks are picking up. The time for the promised land has arrived.
Nas100 got blocked at 78.60% Fibonacci level. If it crawl back there unless to mitigate some orders. My expectations are to see some consolidations around 14500 and 14800 before Nas100 skyrocket.
And where to from now? 18000.00 or beyond.
Hello friend, do your own analysis and please make wise decision. Plan your trade and trade your plan.
Good luck.
We love to Buy Nas100, we hate selling😂
NASDAQ, ARE YOU SURE ABOUT THAT?---- Hello everyone, today I wanna share something about US100. If you look the best upper movement since september 2020, you should notice the elliot wave correction like what i draw. It looks bad i think... Market makers and other circumstances don't wanna make christmas terrible so the danger will be playing early 2022. B wave should breake the resistance and go up or stay safe. It can create an acummulation area too. But i think C wave will have become true. I'dont know how cryptocurrency will react this terrible situation. There are thousands companies and big whales nowadays here. So we can see interesting movements too. Let's watch and earn.
---- Do your own risk analysis. Stay healthy guys!!!
Nasdaq: Bravo! 👏 Give it up for Nasdaq! So far, he has been very well-behaved and has hewn to our forecast. He has let go and fell into the soft green meadow between 15295 and 14841 points. Among this lush pasture, it should finish wave 4 in lime-green and make use of the renewed updraft. We expect the index to turn around before touching the bottom of the green area and to float up to the resistance at 16768 points, from where even higher goals will become more and more possible.
Nas100 could find support at 15600 and here is why!Nas100 might find strong support around 15600 and bounce up.
Hello traders, it shouldn't surprise us to see Nas100 falling with at least 1.7% during New York session today, as we know this is a volatile market. But here is my thought.
Last week we saw a strong move to the downside that eventually made a fake breakout through the diagonal support of the HTF ascending channel. Looking at a daily timeframe we could see buyers strength coming into play as they managed to push price up and a daily candle closed with a strong rejection, which printed a pin bar. Followed by a strong bullish candle on Tuesday, this was a strong sign that buyers could be present in the market. This is why I strongly believe that it would take a big battle for bears to successfully push price down below 15600 and this could be the level we can expect a strong impulse to the upside. As mentioned previously that bulls would be targeting 16400 level.
What are your thoughts? If you have any please be kind to share in the comment session below.
Nasdaq: Southward Ho, Techies! 🤓After it has been heading for it for a while now, we expect the tech-index to dip into the green area between 14841 and 15295 points. There, it should finish wave in blue and the superordinate wave 4 in green respectively. Then, the index should be ready to rise again, aiming for the resistance at 16768 points and further still.
Nasdaq Index - Bull or bear market more likely?I got a bit of criticism over not being clear enough in my previous chart. So i have created specifically a Nasdaq index chart which will show my thinking more clearly.
The Nasdaq index back at the start of 2000 was the bull market to end bull markets. The innovation of using the internet was a technological revolution and no one saw an end to the bull market...until it ended.
The end coincided with a break of medium term trendline as the internet startups folded one by one. From that point onwards the Nasdaq entered a brear market and didn't recover the old highs for another 15 years.
We're in a similiar position today, with the fed about to raise rates to control inflation, no one appears to think the impossible is possible.
It is.
If we break this medium term trendline, which appears to be very close to breaking (2 weekly closes below the line would confirm a break), we would expect a bear market to follow. This could take decades to recover from.
What goes up, must also come down (at least a bit).
The fact that the nasdaq market cap is more than half comprised of only 6 companies, suggests that it is just as sensitive to a large correction today. Albeit the reasons for a bear market will be very different.
Easy money has distorted the markets and funds like Arkk that think 40% annualised returns are possible with these stocks may be signs that we are at frenzy level of bullishness (just like in 2000).
I do not expect the bear market to be as bad as the beginning of the millenium, however i do think it will be signficiant and it could be coming sooner than expected, with fed tightening expected to quicken.
BUY NASDAQGood morning traders ! I've made this analysis with basics lines so beginner traders can understand this configuration which is a little bit hard for some people to get.
As you can see on the NASDAQ daily chart, in the past 2 days we had a big drop due to the announcements major companies have announced,yesterday the market managed to brake the drop with a high volume spring box and that means the market will continue climbing up moreover we have the triple bottom configuration which shows that the market will continue going long.
Follow me for more analysis.
NAS100 - Buy pressure zones for when we drop!Simple, we like to see price drop for us to add to our long positions
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
STAY UPDATED BELOW!
Bullish market until MarchNasdaq Monthly Prediction, Bearish market to start by end of February.
Before the bearish market we have a gap to go up to 17700.
This my personal point of view, not to be considered as trading advice or strategy.
Nasdaq Long Term PredictionNasdaq Monthly Prediction, Bearish market to start by end of February.
Before the bearish market we have a gap to go up to 17700.
This my personal point of view, not to be considered as trading advice or strategy.
Santa’s Long 31.12.2021Santas Rally will push bullish market up soon.
No holidays on 31st of December on the markets!
* Hourly-daily-weekly chart analysis
* Fibonacci analysis
* Trend lines
* Global PoliticoSocial analysis
TARGET PRICE* 17.100-17.200
EXP. DATE* 02-04.01.2022
This is my own opinion, do not use this as a strategy for your trading, you can make your own analysis and compare to this one.
If you lose your capital I am not responsible.
Nas100 bulls are challenged at 15570 levelNas100 has been very dramatic at the start of the festive season. (Hahaha). It is direction is quite unpredictable. But here is one thing we can take notice of: we see a HTF rising channel and for days bears have been trying their best to push price to the support of this channel, but to no avail. Nas100 is held around 15570.00, a level that seems to challenge the bulls. A complete violation of this level we can expect a spike down to the support of the channel. Taking short positions should really be taken with caution at this point, at least using trailing stop once positions are filled. As for my part, I will carefully monitor price once it has reached the support of the channel for potential long positions.
We therefore need to be very patient to wait for price to give us clear direction and opportunities to enter positions.
Please show your support with likes if you find this idea beneficial.
These few chart patterns will improve your trading!Hello everyone,
Let's look at few of my favorite chart patterns that I use from day to day in my trading and analyses. These patterns appears in almost every asset, instrument and currency pairs in the financial market and stock market.
Forex chart patterns are on-chart price action patterns that have a higher than average probability of follow-through in a particular direction.
They have offer significant clues to price action traders that use technical chart analysis in their forex trading decision process.
Each chart pattern has the potential to push the price toward a new move.
Forex traders tend to identify chart patterns in order to take advantage of upcoming price swings.
Forex trading patterns are divided in groups based on the potential price direction of the pattern.
There are three main types of chart patterns classified in Forex technical charting:
🔹 Continuation Chart Patterns
🔹 Reversal Chart Patterns
🔹 Neutral Chart Patterns
1. Bullish Flag
In the context of technical analysis, a flag is a price pattern that, in a shorter time frame, moves counter to the prevailing price trend observed in a longer time frame on a price chart. It is named because of the way it reminds the viewer of a flag on a flagpole.
The flag pattern is used to identify the possible continuation of a previous trend from a point at which price has drifted against that same trend. Should the trend resume, the price increase could be rapid, making the timing of a trade advantageous by noticing the flag pattern. In this scenario a bullish flag can be a sign that the previous bullish move that occurred prior to this pattern is likely to continue in the same direction. Opposite can be said with the bearish flag.
2. Double bottom
The double bottom is a reversal pattern that occurs after an extended move down. The pattern signals that the market is unable to break through a key support level, and thus is likely to move higher.
This pattern consist of
🔹First bottom
🔹Second bottom
🔹Neckline
Neckline represents a resistance level that forms after the first bottom. A daily close above the neckline confirms the double bottom pattern. A total break through the neckline may confirm a violation of this pattern, long positions can opened once price has closed above the neckline at times a successful retest of price to the neckline can confirm a strong reversal.
The opposite of this pattern is the Double Top which is a sign of reversal in bullish market, signaling a strong move to the downside.
3. Triple Bottom
A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears) and that price is about to change direction to the upside.
A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance.
The formation of triple bottom is seen as an opportunity to enter a bullish position.
The triple bottom consist of:
🔹First bottom
🔹Second bottom
🔹Third bottom
🔹Neckline
The opposite of the triple bottom is a triple top which can signal a move to the downside.
4. Head and Shoulders
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks: The outside two are close in height and the middle is highest.
In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal, while an inverse head and shoulders indicates the reverse.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns, but does have its limitations.
5. Rectangle
A rectangle occurs when the price is moving between horizontal support and resistance levels.
The pattern indicates there is no trend, as the price moves up and down between support and resistance.
The rectangle ends when there is a breakout, and the price moves out of the rectangle.
Some traders like to trade the rectangles, buying near the bottom and selling or shorting near the top, while others prefer to wait for breakouts.
6. Symmetrical Triangle
The symmetrical triangle pattern is a continuation chart pattern like Ascending and Descending Triangle patterns.
This pattern is characterized by two converging trend lines that connect a series of troughs and peaks.
The trend lines should be converging to make an equal slope.
This pattern indicates a phase of consolidation before the prices breakout.
7. Ascending Triangle
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
Because of its shape, the pattern can also be referred to as a right-angle triangle. Two or more equal highs form a horizontal line at the top. Two or more rising troughs form an ascending trend line that converges on the horizontal line as it rises. If both lines were extended right, the ascending trend line could act as the hypotenuse of a right triangle. If a perpendicular line were drawn extending down from the left end of the horizontal line, a right triangle would form.
8. Cup and Handle
The Cup and Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. The opposite of this is the Inverse Cup and Handle that appears in the bearish market and that act as a continuation pattern and sponsor move to the downside after the breakout.
Friends if you enjoy this educational contents please do not forget to show your support with likes. Do follow me for more future contents like this.
Nasdaq 100- Strong reversal can lead to continuationFor more than a year now(since Sept 2020), Nas100 is trading inside an ascending channel, and dips around support of this channel were constantly bought.
The correction of this trend, started last week, looks over and we have a very strong bullish engulfing candle on our daily chart.
This candle can lead to continuation to the upside and a new ATH could be reached.
The upper boundary of the channel can provide resistance and exit point for short to medium-term traders and only price under 15.500 would be bearish for US100.
Buy dips is my strategy for this index
Nasdaq- No Christmas rally this year?After reaching a new all-time high at 16700, Nasdaq fell 1000 points pretty quickly, just to find support in the old ATH's zone.
From here, bulls took control and elevated the price again.
At this moment Nas100 is trading in a strong resistance zone and a new leg down could follow from here.
On the other hand, a break above this resistance could mean further gains for the index and, indeed, a nice Christmas for bulls with a new ATH
Nas100 Weekly Breakdown: Reading charts like a pro📈📉Hello friends,
Today I have decided to share with you what I look for in the market and what helps me to predict market movements. In this idea, I have used Nas100 as an example. I am sharing this for educational purposes and also to shed light on the current market structures as well as future movement of Nas100. Some of you might find this beneficial and others won't. It doesn't really matters. Hahahaha.
First of all, we see that Nas100 printed a head and shoulders pattern the past weeks. What exactly is a head and shoulders pattern? According to Wikipedia: "Head and Shoulders formations consist of a left shoulder, a head, and a right shoulder and a line drawn as the neckline. The left shoulder is formed at the end of an extensive move during which volume is noticeably high. After the peak of the left shoulder is formed, there is a subsequent reaction and prices slide down somewhat, generally occurring on low volume. The prices rally up to form the head with normal or heavy volume and subsequent reaction downward is accompanied with lesser volume. The right shoulder is formed when prices move up again but remain below the central peak called the Head and fall down nearly equal to the first valley between the left shoulder and the head or at least below the peak of the left shoulder. Volume is lesser in the right shoulder formation compared to the left shoulder and the head formation. A neckline can be drawn across the bottoms of the left shoulder, the head and the right shoulder. When prices break through this neckline and keep on falling after forming the right shoulder, it is the ultimate confirmation of the completion of the Head and Shoulders Top formation. It is quite possible that prices pull back to touch the neckline before continuing their declining trend." That make sense doesn't it?
For a head shoulders pattern to be completed, it should have a left peak (shoulder), top peak (head), right peak (shoulder) and a neckline. A neckline needs to be broken (sometimes retested) to validate the pattern and to ensure that the next impulsive move is likely to occur.
Let's look at the psychological human behavior behind the head and shoulders pattern (in this scenario, I will use the head and shoulders top like the one we currently see on Nas100). This will also help us to understand if this is a real head and shoulders or fake one (there can be fake ones that can give wrong signals, hahahaha). This will also help us to understand what really is in the in mind of traders both institutional traders and retail traders.
Please pay attention to my two arrows label X and Y.
X- Price rallied high and it did so strongly (the market moved very rapidly without resting and for sure people that bought during that time had big fat smiles😁). Now that is what we call an Impulsive Wave. Price pushed up, and from the neckline price began to take a break from a long run and it printed the Left Shoulder which can also be said as the higher high. Again, price pushed up and formed the head which can also be said as another higher high, this peak is higher than the previous high. Oops, that is the last time we saw buyers flexing their muscles. Sellers stepped in, pushing price to the neckline and from there buyers weren't strong enough to push price back to where they were brought from (head), instead sellers kept price at the same level as the left shoulder, which sponsored a strong reaction that violated the neckline and that became bears victory (a break of the neckline).
What is next for us? Since the neckline has been broken, how far should the fall be? Now here is where we get different answers. Some would tell you, first impulsive wave I labelled X is a shadow of what is to come, meaning what we should expect is the same impulsive wave to be printed at point Y, same length as X. It can make sense to some but it won't be to others. Here is a thing, whatever makes money for you is all what matters. What other people think is basically none of my business (sorry)😁, As long as the money is made. Right?
Yes!
We do not want to blindly follow what is in the books, what is taught and what is on the internet. We need to develop the mind of understanding and interpreting the current price action in the market. If we can do so on our own, that is maturity. Look at the market like you would look at a friend, you would understand and interpret your friend's feelings and emotions, when he is sad and when he is happy. The market, this thing called the financial market is dramatic, but if we only sit and try our best to understand and of course interpret the current mood in the market we can reap some measure of success.
Do you enjoy this article? Do you want me to share many of this? Show me you do by hitting that like button. If you find this boring please be kind to tell me why, I will improve.
Wishing everyone the best this week.
Forexintelligence