NASDAQ Reality will soon hit those who bet against the market.Nasdaq (NDX) has been on a 3-month correction since its July High. No need to mention that this High almost touched its All Time High (ATH), almost recovering in less than 1 year the value lost in the Bear Cycle.
** 2010 Higher Lows and Megaphone **
The Higher Lows (dashed) trendline that has been in place since 2010 after the recovery from the 2008 - 2009 Housing Crisis started, held during the 2022 Inflation Bear Market and gave way to a Channel Up. We can claim that since mid-2018 the market entered into a Bullish Megaphone pattern and such Channel Up formations have been the common vessels to a Higher High.
** Uncertainty/ Doubt / Disbelief **
Similarly common have been minor (on a 1W scale) corrections such as the pull-back we are witnessing since July. During market uptrends, those are called 'Bull Flags'. Especially in the beginning of the recovery those are met with Uncertainty/ Doubt / Disbelief. For that reason the majority doesn't get in on the trend until it is well underway. Even the 1W RSI shows how consistent this Symmetrical Support Zone has been throughout all those Channels. Even the Higher Lows trend-line from May 2022 is still holding.
** First Bullish Cross since 2010 **
On top of all the above, Nasdaq is about to completed a 1W MA50 (blue trend-line)/ 1W MA100 (green trend-line) Bullish Cross, the first since February 2010 (which as mentioned is post Housing Crisis). The price will enter next week into green Ichimoku territory, which when formed indicates significant upside potential on a well establish bull trend.
We expect this to be the end of the 3-month correction and the resume of the uptrend. Based on the previous runs, NDX is aiming at 17800 towards the Christmas rally and 21500 in Q3 2024.
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Us100
US100 Technical Analysis and Trade IdeaI'd like to share my insights on the US100. As the week is coming to a close, it's important to be mindful of potential stop runs by institutional traders, which can be quite aggressive on Fridays. Additionally, we have the Non-Farm Payrolls (NFP) report scheduled later today, so if you're considering trading, exercise extreme caution.
These remarks are more in the context of a potential trading setup should we witness a retracement today, possibly setting the stage for Monday. It's crucial to remember that the information in this video is intended for educational purposes only and should not be considered as financial advice. Please ensure that you apply robust risk management techniques when engaging in trading.
Wishing you a wonderful weekend ahead!
NASDAQ Small glimmer of hope as 1D making a MACD Bullish Cross.Nasdaq (NDX) recently broke below the Higher Lows trend-line of 2023, the trend-line from the start of the year that has been supporting the strong recovery. This created the conditions for further decline, especially since the 4H MA50 keeps the price action below it, but so far Support 1 (14430) is holding.
The above levels are those we will use as break-outs. A candle close below Support 1 will be a sell signal, targeting the 1D MA200 (orange trend-line) at 13900. Since however the 1D MACD is close to forming a Bullish Cross, the bullish momentum attract probabilities and if a candle closes above the 1D MA50, we will instead buy, targeting 15650 (Resistance).
The pattern since mid August is quite similar to the Arc formation of November - December 2022. After the 1D MA50 broke, it targeted the previous Resistance and even hit the 1.382 Fibonacci extension before the next pull-back.
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NASDAQ: Can hit 17,000 if the 1D MA50 breaks again.Nasdaq remains bearish on the 1D timeframe (RSI = 40.412, MACD = -138.180, ADX = 35.654) but it is on the HL trendline, the supporting trendline that emerged on the December 28th 2022 low. According to the 1D RSI, comparisons can be made with the September-October 2020 consolidation fractal around the 1D MA50, following the COVID recovery. After the 1D MA50 got crossed over for the second time, the index went on to reach the 1.786 Fibonacci extension level before the next consolidation.
If the HL holds and the index breaks over the 1D MA50 again, we will have a strong long term bullish case in our hands and target 17,000 (Fibonacci 1.786).
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Dow JonesDJI Chart
Checking some TA, which I should have done more thoroughly on SPY, I would have seen the obvious TA screaming we go higher.
Both the SPY and DJI technicals are stating we go higher. RSI, MACD, MFI, and 50MA are pointing to higher moves in the market. In fact, taking a look at the 10YR is another confirmation of where we're heading.
NASDAQ Double bullish targetNasdaq / US100 is consolidating around the 4hour MA50. It is a similar Cup and Handle pattern with August 24th.
Buy and target 15050 (4hour MA200). Then wait for a 1day pull back. Re-buy and target 15330 (Fibonacci 0.382) under the Falling Resistance.
RSI patterns identical, both showing we are in the phase of the 4hour MA50 consolidation.
Previous chart:
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divergence on us30 and us100just now
we can see bearish divergence between us30 and us 100 i took it as additional confirmation to expect us100 or nas100 price to go lower and mitigate 4h fvg and then going up as the price already on discount array, sell side liquidity taken and now offering buy side liqudity
dyor and keep safe
NQ1! NAS100USD NASDAQ Analysis dated 2023 Oct 02NQ1! NAS100USD NASDAQ 2023 Oct 02
Analysis from 02 Sep 2023 short scenario worked out well for the month.
- market broke down the upward channel (black dash)
- Supply is present on Friday's bar
- Wait for reaction to demand line of upward channel (blue highlight, set alarm)
Possible scenarios:
1) Market returns into upward channel and is supported = Long on test and accept
2) Short on rejection if bottom of channel becomes resistance.
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16255 15801 15283 14804 13960
*Longer term: 13350 support must hold for long trend to be intact.
Price/Volume/Trend Analysis:
Weekly: Ave vol up bar close level with previous bar = NTC, Minor support
Daily: S>D weak close up bar.
*NTC = Non-Trend Changing | PTC: Potential Trend Changing
Like and follow if you find this useful | *For education purpose only.
Have a profitable trading week.
NAS100...Process Your Entries CorrectlyOANDA:NAS100USD
Over the past few years, I have analyzed my methods for entering trades and as I have developed, I have discovered a few key mistakes that most traders make.
1. Do no chase the price : Analyze properly and wait for your entry...most traders react negatively when price does not arrive at their target and panic and jump in because of fear of missing out (FOMO).
2. Patience always wins: An alligator/crocodile never chases its prey, it simply waits for it to come to the nile to drink and then it pounces for the kill...Wait wait wait...
3. You cannot enter a buy if the price is already at a high and likewise you cannot enter a sell if the price is already at a low...you must wait for the retracement.
3. Stop thinking that you need a lot of money to be successful at trading...you can start with as little as $50 and grow it to over $4,000 in a month using a fully developed strategy.
4. In order to become the 5% of successful traders, you must be willing to do what 95% of traders will not do and that is have tremendous patience.
#aubersystem
#auberstrategy
#whywewait
#patience
#finishthemove
#nosetupnotrade
no setup = no trade
Bull run continuationSo if we look the H4 chart we clearly see a nice bullish momentum, starting from there we will go on the lower time frame to look for my personnal pattern that i found working most of the time on the US100 chart. On the H1 time frame i can clearly mark the zone of my patterns and place my stop loss and take profit base of the pattern. I won't tell the pattern here of course but you can ask me in private.
Process your Entries CarefullyOANDA:NAS100USD
Over the past few years, I have analyzed my methods for entering trades and as I have developed, I have discovered a few key mistakes that most traders make.
1. Do no chase the price : Analyze properly and wait for your entry...most traders react negatively when price does not arrive at their target and panic and jump in because of fear of missing out (FOMO).
2. Patience always wins: An alligator/crocodile never chases its prey, it simply waits for it to come to the nile to drink and then it pounces for the kill...Wait wait wait...
3. You cannot enter a buy if the price is already at a high and likewise you cannot enter a sell if the price is already at a low...you must wait for the retracement.
3. Stop thinking that you need a lot of money to be successful at trading...you can start with as little as $50 and grow it to over $4,000 in a month using a fully developed strategy.
4. In order to become the 5% of successful traders, you must be willing to do what 95% of traders will not do and that is have tremendous patience.
#aubersystem
#auberstrategy
#whywewait
#patience
#finishthemove
#nosetupnotrade
no setup = no trade
NASDAQ Triple buy signal on the short term.Nasdaq hit yesterday the Falling Support of the Falling Wedge pattern as well as the Rising Support and is posting today the 2nd straight green (1d) candle.
At the same time, the RSI (1d) formed a Double Bottom.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15300 (Falling Resistance and 0.786 Fib).
Tips:
1. The RSI (1d) is under a Falling Resistance. If crossed over we may start having a case for resuming the bullish trend.
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US100 | Market outlooknvestors focus on the actions of the US Federal Reserve in the face of a significant decline in inflation, cooling of the labor market, and instability of the banking sector. Thus, Treasury Secretary Janet Yellen said that after the bankruptcy of Silicon Valley Bank and Signature Bank last month, conditions for access to credit could tighten, which would put pressure on the economy but save the regulator from the need to further increase interest rates. The official also noted that the current economic sanctions against Russia and several other countries may carry risks for the dollar as a world reserve currency if an alternative is found for it.
Possible move towards 15154 - 15967.
Nasdaq 15m long Prediction for 26/09/23Nasdaq Currently training above Support Zone on a daily , Daily Candlestick (25/09/23) Closed high , So during the Sidney & Asian market could possibly consolidate , and except market to start making a bear move during the London session . Possible buy level between the 50% & 61.8% Fib level.
NASDAQ Last chance to recover.Nasdaq/ US100 is trading exactly at the bottom (Rising Support) of the Channel Up.
Being under the 1day MA100, this is its last chance to recover. A crossing under it, sets in motion a decline to the 1day MA200 and we should look for a bottom after the 1day RSI gets oversold under 30.00.
A Channel Down can be the driving pattern to the 1day MA200 and we should also consider the Fibonacci retracement levels since the Channel Up started. The 0.382 Fibonacci fits ideally a touch on the 1day MA200.
As long as the 1day candle is closing inside the Channel Up, buy (very low risk now) and target 15,940 (Resistance). If it breaks, sell and target 14,100.
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NAS100 US100 Technical Analysis and Trade Idea NASDAQTaking a look at the NAS100 currency pair, a significant development comes to light: it has reached a pivotal support level following a substantial bearish trend. At this juncture, it becomes increasingly evident that the NAS100's price has over extended, potentially indicating an imminent retracement.
As is customary, the accompanying video in this description provides an examination of critical factors, encompassing aspects such as price action, market structure, and various essential elements of technical analysis. It is essential to underscore that the information conveyed in this content is exclusively intended for educational purposes. Under no circumstances should it be interpreted as financial advice. Consequently, it remains of utmost importance to implement rigorous risk management strategies when engaging in trading endeavors.