NASDAQ One last bullish leg possible before exhaustion.Nasdaq (NDX) easily hit the 14350 Target that we called on our last analysis (see chart below) 10 days ago:
The price even broke above the 0.618 Fibonacci retracement level from the All Time Highs and hit the top of the March 13 Channel Up. However there is still some room left before hitting the top of the long-term Channel Up that started after the January 06 market bottom.
A pattern that supports this argument is the 1D RSI that is trading on Higher Highs similar to January 26 2023 and August 03 2022. Those was the last phase before the final Higher High that exhausted the trend and started a correction. As a result we will pursue one final upside target at 15000 and then most likely we will see a pull-back towards the 1D MA50 (blue trend-line).
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Us100
NASDAQ May be entering a short term correction waveNasdaq / NDX / US100 is near the top of the 6 month Channel Up.
Since the middle of that pattern, it started to form a narrower Channel Up.
So far we have had 3 correction waves inside the larger Channel Up, each less aggressive than the previous.
The 1day RSI is forming a Rising Resistance pattern same with the previous in February 2nd that priced the peak of the Channel Up.
Sell if the RSI crosses under its MA line.
Buy a little over the 1day MA50. Target 15280 (Resistance A, High of March 29th 2022).
Previous chart:
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NASDAQ (US100) - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on US100.
Technical analysis: Here we are in a bullish market structure from 4H perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
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US100 On The Rise! BUY!
My dear subscribers ,
This is my opinion on the US100 next move:
The price is coiling around a solid key level - 14300.8
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 14621.2
Safe Stop Loss - 14127.9
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
NASDAQ, more likely a pull-back for the next weekNAS100 / 1D
Hello traders, welcome back to another market breakdown.
NASDAQ has broke above a major key level. However, The price is over extended, so I'll be ecpecting side ways pull-back based on profit taking more than a follow through in the next week.
The price is near the channel plus previous brekaout points technically that might encourage profit taking from the side of the bulls.
Trade safely,
Trader Leo
US100 Will Go Higher! Buy!
Please, check our technical outlook for US100.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 14292.3.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 15102.2 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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DOW JONES TRADE IDEAUS30 is forming a bearish trend. We should expect more bearish movements at the open of the New York trading session.
TREND CHANGE OR A TRAP?The NASDAQ pushed on the euphoria related to AI and NVIDIA, has broken out of the recent correction, giving a signal to buy from a higher interval. Currently, there should be a correction of the recent increases; fundamentally, this could be due to news of one more interest rate hike from the Fed.
There is one more resistance ahead of the peak breakout, which could stop the price and push it further down, thus catching all the bulls in a trap.
SUPPORT is my current target. A breakthrough will give me a signal to think earlier about longer declines.
If the price bounces off it, I will start looking for a LONG position.
NASDAQ There is still room to riseNasdaq has been on an incredible rise since March 24th after hitting the MA50 (4h).
The MACD pattern is trading on the same sequence as the March 7th-17th and January 12th-27th patterns that led to new Highs on the 1.618 Fibonacci.
The long term pattern remains a Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15100 (marginally under the 1.618 Fibonacci extension and the 15285 High of March 29th 2022).
Tips:
1. There is a secondary Channel Up (dots) since March 13th. This may lead Nasdaq to a smoother (and lengthier) rise to 15100.
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Notes:
Past trading plan:
NASDAQ: Overbought and in need of a technical pull-back.Nasdaq hit the 1.236 Fibonacci extension which was our target on the last call we gave and has turned overbought on the 1D time frame (RSI = 71.555, MACD = 292.250, ADX = 40.204). We are expecting a pull back to at least the 1D MA50 and the HL trend line. The most optimal buy signal will be when the 1D RSI touches its HL trend line. Next long term target is R1 and the 1.5 Fibonacci extension (TP = 15,300).
Prior idea:
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expecting a tuesday low or wednesday low weekly profileLooking to buy on the daily or 4h fair value gap to take out previous weeks high which is buyside liquidity
should price neglect the fair value gap then i short it to the nearsest swing low which in that case willl be acting as sell side liquidity
US100 BUYHello, traders. The Nasdaq is coming out of the negativity. And it broke the bearish flag, there are very positive signs on the upside. With the resistance 122000 broken, there is more to go up . Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
US100 Massive Long! BUY!
My dear followers ,
This is my opinion on the US100 next move:
The instrument tests an important psychological level 14323.8
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 14715.0
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
US100 Is Going Up! Long!
Please, check our technical outlook for US100.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 14329.4.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 14761.2 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!