Hello Traders, welcome to today's analysis of Nasdaq. -------- Explanation of my video analysis: For more than 14 years the nasdaq has been trading in a super obvious bullish parallel rising channel. In the beginning of 2023 we had another retest of the lower support which was followed by a +65% rally. If the Nasdaq rejects the current resistance towards the...
Hello Traders, welcome to today's analysis of Nasdaq. -------- Explanation of my video analysis: For more than 10 years the Nasdaq has been trading in a very obvious rising channel formation. Considering that we saw a +50% pump in 2024, the Nasdaq is certainly ready for a (short term) correction back to the lower support trendline which I mentioned in my...
The year 2023 proved to be exceptional for PEPPERSTONE:NAS100 , witnessing a 70% increase in the index. However, the onset of 2024 brought about a correction in the index. Notably, the rise observed in December is confined within a rising wedge, suggesting a potential reversal. The index has indeed breached the rising trend line of the wedge, and the recent...
Hello Traders, welcome to today's analysis of S&P500. -------- Explanation of my chart analysis: The S&P500 has been rallying for the entire year of 2023. Many people do expect a correction but the charts are still looking pretty bullish. If we see a breakout above the previous all time high at $4.700, I do expect a rally back to the upper resistance of the...
Hi Traders! SPX looks to have confirmed the support test. There is a long opportunity near the support level of 4541.25 for a potential break above the five-month resistance at 4607.07. Here are the details: The market has comfortably held above the 4541.25 level for more than a week. Preferred Direction: Buy Entry Level: 4554.73 Stop Level: 4498.97 Target...
Overall Market still looks bearish on the High TF. Expecting this previous high to be taken out before going lower and filling the monthly FVG.
Just something to think about and consider. Even though reaching back to the 3500 seems like a farfetched idea, technical analysis is suggesting otherwise. I can already see market structure shifts on the 1hr TF (CHoCH)... Waiting to see how far to the upwards market can move.
In mid-September, I wrote that Nas100 could drop to 14500 support. Indeed, this target was hit on 28 September and a correction followed from this support level. Yesterday, all this up correction was negated by a strong red candle and a local high could be in place. My bearish outlook for indices is unchanged and, in the Nasdaq case, I expect a new leg down to the...
My 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...
On 13 September I wrote that Nas100 could lose trend line support and, as long as the 15500 zone is intact as resistance, there is a high chance for the index to drop to 14700-14800 zone support. As we can see from the chart, after a new test of the resistance zone on 15 September, the index started to drop again and, two days ago we had a strong break under the...
My 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...
The China A50 trades within a bearish channel on the daily chart, although we strongly suspect it wants to break out of it to the upside. If you look at the steady stream of weak data coming out of China over the past few months, why is the China A50 not breaking to new lows? In fact, each time the market has pulled back to the 12,400 area since early June...
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nas100 💪 After the Nasdaq perfectly retested the monthly 0.618 fibonacci retracement, previous monthly support and also broke above a clear bearish trendline, we had a solid rally of roughly 20%. With the Nasdaq now...
Like most of the global indices, Nikkei also had a good run this year. However, since mid-June, the index started to lose its power and has drawn a Doube Top pattern on our charts. The start of the week brought the break under the neck-line support of the pattern and Nikkei could continue to the downside. Levels to watch for bears are 31100 old congestion which...
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nas100 💪 After the Nasdaq perfectly retested the monthly 0.618 fibonacci retracement level and also broke above a clear bearish trendline, we had a solid rally of roughly 20%. Weekly market structure on Nas100 is pretty...
DJI is likely to enter a major oscillation mode ! This figure shows the weekly candle chart of the Dow in the past two years. The top to bottom golden section is superimposed in the figure. As shown in the figure, the Dow Index in the past six months has shown a large oscillation pattern between the 0.618 and 1.382 positions on the golden section of the...
NI225 has closed positive for 9 consecutive weeks ! Is it about to reverse? This chart shows the weekly candle chart of the Nikkei Stock Index from the end of 2019 to the present. The graph overlays the line between the low point in 2020 and the low point in March 2023, the line between the low point in 2023 and the sub low point, as well as the horizontal...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that over the past couple of weeks, the Nasdaq had an insane rally towards the upside of roughly 25% and is now approaching weekly resistance. Considering the fact that the overall trend is still very bullish I just do expect a short term...