DESCRIPTION: In the chart above I have provided a MACRO analysis of NDQ that is in fact showing strong signs of PENDING CAPITULATION but I will leave the rest to INDIVIDUAL INTERPRETATION.
POINTS:
1. DEVIATION OF 1,000 POINTS is where NDQ usually finds appropriate CONSOLIDATION to then draw out SUPPLY & DEMAND POCKETS.
2. RSI is DANGEROUSLY OVER EXTENDED and...
Selling NQ at 11632, risking 1% while can get up to 5% profit gain.
Reasons to enter sell based on my analysis :
1. Forming an rising wedge
2. RSI and SlowStoch indicating divergence (i find that wedge and divergence are pretty accurate)
3. Volume exhaustion
Yet of course, still need to observe the upcoming news next week such as PPI etc.,
If it turns out to...
The main view of this trade idea is on the Daily Chart.
The heavily tech-weighted NASDAQ 100 Index (NAS100) is in a double bottom chart pattern setup. The Index sustained heavy declines in 2022. However, during the period October 2022 and December 2022, NAS100 held support around the 10,400 to 10,800 price zone. Initial resistance, or the middle of the W or...
Good day all,
Why long trade?
Confluence 1: Price rebounded 10690.2 Support 5 times in the past which means price not going bearish anytime soon.
Confluence 2: Trajectory of bullish movement started of by rebound of 10690.2 support zone. Current price is in an uptrend make HHs and HLs.
Confluence 3: Tweezer spotted at Fib retracement in 4H charts at...
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Besides the more obvious trend analysis techniques a great way to determine the health of the market is by looking at the breakout success of emerging leaders. By “breakout success” I am referring to when a stock with excellent fundamentals passes through a buy point after a consolidation pattern and continues to further gains.
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During a failing market doomed...
There could be some upside left on this move, but i think this is a dangerous area. I'd be very wary of a rug pull on any run up to 11500. The 11050 support area has already been broken twice, i don't see it holding a 3rd. This would open up a move to around 9000. Be aware of the levels at play here.
USNAS100
the price reached our target as we mentioned it was 11490 and did a retest to their support
and now as long as above 11285 the direction will be bullish to get 11400 and 11490 &11585
but closing 4h candle under 11285 will support bearish
pivot price: 11285
resistance price: 11400 & 11490 & 11580
support price: 11170 & 11080 & 11010
Timeframe 1H and 4H
The Nasdaq has made a 50% Retrace to the PCZ of a Bearissh 5-0 while showing Hidden Bearish Divergence just below the Supply Line of the Equidistant Channel; I think it will continue down from here. I don't however have a strong bearish opinion on the other Indexes, just the Nasdaq because the Nasdaq in particular has not presented us with Potentially Bullish...
Td23: This week in NASDAQ100 has been an annoying back n’ forth. The BULLS taking the TREND then comes a major news to bring back the BEARS and vice versa. Currently, She’s been making “LOWER-HIGHS” without new lows. So, I can’t say she’s BEARISH or BULLISH. It’s a mixed vibe.
Nasdaq Index reached a peculiar confluence zone based on a horizontal daily resistance and 0.5 retracement of the last bearish impulse.
The price formed a double top formation, testing that on an hourly time frame.
Its neckline is now broken.
The market will most likely drop to 11260
❤️If you have any questions, please, ask me in the comment...
Hello,Friends!
NAS100USD is bullish right now
And I think that the market conditions are right
For the pair to move up
Therefore, I think it is sensible to go long!
Like and subscribe and comment my ideas if you enjoy them!
Found another entry and I'm keeping my SL very tight, it is the first month of the year so things still need to flatten and get to an average. For now I'm holding onto it and going with it. We also watch the fundamentals because it will be what defines where the dollar strength comes from.
