Nasdaqsignals
NASDAQ Another 2 weeks of consolidation possibleNasdaq (NDX) made the bullish break-out that we largely expected as described on our previous idea (May 15, see chart below) and almost hit our 19100 Target:
Right now we see a short-term pull-back, which based on the November - December 2023 fractal (green ellipse), should be at worst a 2 week consolidation. The 1D RSI also shows that symmetrically we should be at a point similar to December 06 2023.
That fractal then rose for a Higher High on the 2.236 Fibonacci extension. As a result, our medium-term Target is now set at 19900 (just under the 2.236 Fib and top of the 1.5 year Channel Up).
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US30 - 15m Buy OpportunityThe recent price action in the Dow Jones (US30) shows a potential buying opportunity after a significant drop. To manage risk effectively, it's essential to make this buy position risk-free by moving the stop-loss to breakeven or into profit. This approach ensures that even if the market reverses, you will not incur a loss on this trade.
With the current setup, wait for price action signals to confirm the next movement towards the target levels. Watch for bullish signs such as higher highs and higher lows, or bullish candlestick patterns that indicate continued upward momentum. By doing so, you can maximize profits while minimizing risks.
TSLA (TESLA) falling continue. Target 150.Hi friend. So we have bears accumulation channel "1" between 166.4 - 186.5. I think in next few weeks price will fall to 150. On a road price have two transit levels 166.4 and 158.7 (there can be correction). Volume analysis based on my author indicators. Levels thanks to X-Lines script.
Follow me;)
NASDAQ (US100): Possible scenarios NASDAQ is the strongest index in comparison to S&P500 and Dow Jones.
If the price wants to move lower, it should stay below the inversion, if it happens then we can target the previous week's low and sell-side liquidity, but if the price breaks the inversion we will see the new all-time high again.
💡Wait for the update!
🗓️27/05/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
NASDAQ. Weekly trading levels 20 - 24.05.2024Indices are at highs. We haven’t been to the top yet, there’s no data there. If we update the historical maximum, we can find out more in the Daily Posts.
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
NASDAQ100/US100/USTECH Bullish Robbery Plan to stealMy Dear Robbers / Traders,
This is our master plan to Heist Bearish side of US100/NASDAQ cash index Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
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NASDAQ. Weekly trading levels 13 - 17.05.2024During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no arrows with direction), so zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
Don't forget to like Rocket and Subscribe!!! Comments are welcome. Feedback is very important to me!
NASDAQ Invalidated the bearish scenario and marching to 19100.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 rejected and pushed the Channel Down to a Lower Low.
Well now this bearish sentiment has been invalidated as the index broke above both the top (Lower Highs trend-line) of the Channel Down, as well as the 0.786 Fib. This gives form to a Channel Up. The 1D RSI sequence is similar with the post October 26 2023 bottom and we might be in a similar situation as the November 07 2023 break-out (ellipse).
That bullish break-out topped on the 1.618 Fibonacci extension (blue pattern) before the next short-term pull-back. As a result we formulate our medium-term Target to 19100 (just below the 1.618 Fib ext).
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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Potential bearish drop?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 like it:
There is an overlap support level which is slightly above the 38.2% Fibonacci retracement.
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NASDAQ ANALYSIS Chart : 4Hour
Overall Trend : Bullish
Current Market Structure : Consolidation
Scenario 1 :
Price is currently consolidating at a supply area .Price could begin to drop from this 4hour supply area and continue its way to the down side .
OR
Scenario 2 :
Price can even break above the first OB . And moving its way to the extreme OB and then push towards the downside from then .
Nasdaq's Bearish Outlook: Tactical Approaches for TradersIn assessing the Nasdaq's current market conditions, there emerges a compelling narrative suggesting a potential bearish leg in its trajectory. This notion finds its roots in the recent retest of the 78.6% Fibonacci retracement level, a critical technical threshold renowned for its significance in price action analysis. Concurrently, this retracement is complemented by the manifestation of divergence signals, indicative of a discordance between price action and momentum indicators, thus hinting at underlying weakness in the market's upward momentum.
Moreover, the retest of a bearish order block further reinforces this notion, adding another layer of confirmation to the bearish outlook. Such order blocks are often perceived as zones of significant supply or demand, exerting influence on price movements when revisited. In this instance, the revisit of a bearish order block serves to validate the potential for a reversal in price direction.
As we delve deeper into our analysis, the stochastic indicator emerges as an additional corroborating factor supporting the envisaged bearish scenario. Currently indicating an overbought condition, the stochastic oscillator suggests a potential exhaustion of buying momentum, paving the way for a reversal in favor of sellers.
Furthermore, while the identification of a harmonic pattern formation adds another dimension to our analysis, its significance is viewed through the lens of secondary importance in comparison to the overarching confluence of indicators pointing towards a bearish bias. While harmonic patterns can offer valuable insights into potential price reversals, the primary weight is placed on the alignment of multiple technical factors, each lending credence to the bearish outlook.
In essence, the confluence of these technical indications paints a comprehensive picture of the Nasdaq's current market sentiment, leaning decisively towards a bearish bias. As such, our strategy is poised to capitalize on potential downward movements, with careful consideration given to risk management and entry timing amidst evolving market dynamics.
NASDAQ on the most important level that will determine the trendNasdaq (NDX) easily hit our 18000 Target, which we set 2 weeks ago (April 23, see chart below):
That was the top of the Channel Down and 0.786 Fibonacci retracement level. As mentioned this is an important Resistance level as during the previous correction of the 1.5 year Channel Up (which bottomed on October 26 2023), the 0.786 Fib was the level that rejected the first upside attempt (on September 01 2023).
As a result, we are willing to buy again only if the index closes a 1D candle above the 0.786 Fib, in which case we will target 19950 (the 2.0 Fibonacci extension). Until that happens, we have to consider the probability of a rejection on the 0.786 Fib stronger, thus turn bearish, targeting 17000 (just above Support 1). The risk is low on that trade as we will take the loss the moment a 1D candle gets closed above the 0.786 Fib.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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