DOW JONES INDEX (US30): Oversold Market & Pullback
I think that Dow Jones may pullback on Monday.
The Index became heavily oversold after the release
of US unemployment data on Friday.
The price formed a double bottom pattern on an hourly time frame
and violated its neckline.
I suppose that the price may bounce to 39800
❤️Please, support my work with like, thank you!❤️
Nas100analysis
NAS100 Technical Analysis and Trade Idea US100 👉🔍 Looking at this NAS100 chart, we can clearly see that the price has broken a 4-hour downtrend. There is a noticeable break in market structure to the upside, followed by a significant rally with the US100. It has now reached a resistance level, and I'm anticipating a retracement back down into the 50% to 61.8% Fibonacci levels, where I'll be looking for a NASDAQ potential buy opportunity if the price action described in the video unfolds.
It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before making any buying or selling decisions, as explained in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
NASDAQ SHORT 1500+ pips (UPDATE....FLOATING 700+ PIPS IN PROFIT)Good evening gents so today has been EXCELLENT. My previous analysis that was posted on JULY 29th has gone perfectly. During NEW YORK session today at 16:00pm (south African time), market gave us a beautiful drop out of our POI DAILY SIBI....We are now currently running 700+ pips in profit! If you were one of the viewers to see my previous post, give me a heads up if you got in on this trade. COMMENTS ON THIS POST IS MUCH APPRECIATED.
US 100 Nasdaq is back at the buy zones. SKILLING:US100
- After the spike of 19,088.7 it went up bouncing on the trendline upside.
It is now approaching the 19,090,8 zone.
- It might go above that zone of 19,190.8 and bounce again to reach
19,481.7 trendline from below.
- If it breaks that trendline then the next stop is 19,924.4.
- If it fails to break then it will creat a head to below which is 19,190.8.
Nasdaq100
NASDAQ SHORT 1500+ PIPSGood morning gents, so I haven't been active in a while, I've been taking the time out to get my head in the game by gaining further knowledge but I'm feeling ready now. This is my bias for NASDAQ I feel as if there is a high probability we will be seeing a strong move to the downside sweeping out further sell side liquidity as there has been a change in the state of delivery as well as market confluence pushing for sells. Comments on for this analysis is much appreciated.... let me hear what u guys think.
Nasdaq Intraday Review - Wednesday 24 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 5am GMT (12 am EST)
Economic news - None
News - Earnings news (Alphabet and Tesla) last night
Directional bias - SELL, because last night the Day candle closed with a red doji candle after having touched the D - 0.382 sell fib level + D EMA.
I woke up early to see what market was doing and noted a MASSIVE gap down - this confirmed my SELL bias
Entered a sell on the 15min TF at the hand icon - confirmations:
Break of the neckline of a DT that had formed on the 15min, 30min and 1H TF (TF confluence).
Mental stop was placed at half the height of the DT (marked by the thick pink line).
Price dropped beautifully.
Closed half my position at the bang icon and will watch price action to close the remaining position.
Bang icon = M - 0.382 buy fib level i.e. a strong possible reversal zone.
This will be my last post for 4 weeks, as I am going on a long summer holiday!
Feels so good to close out my trading on a nice big profit (2'968 pips so far).
Hope you caught this sell!
All the best...till next time! :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
NAS100 I Break of daily support level 19,467Welcome back! Let me know your thoughts in the comments!
** NAS100 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Nasdaq bounces from trend support ahead of tech earningsThe Nasdaq may experience significant volatility in the coming days due to upcoming technology earnings reports.
Technically, the bullish trend is still intact despite a recent decline that brought the index below the 20,000 mark, which now serves as a short-term resistance level. Reclaiming this level in the next few days would be a positive sign.
The short-term trend line, established in April, needs to hold on a daily closing basis to maintain bullish sentiment. If this trend line is breached, it could lead to a deeper correction, potentially down to the highs reached earlier this year around 18,460, where the longer-term bullish trend line from October also comes into play.
By Fawad Razaqzada, market analyst at FOREX.com
US100/USTECH/NAS100 Market Robbery Plan to make and take moneyMy Dear Robbers / Traders,
This is our master plan to Heist US100 / NASDAQ Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 1h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
NAS100 I Potential long from support Welcome back! Let me know your thoughts in the comments!
** NAS100 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
NASDAQ 15-Minute ChartThe bleu highlighted area at the top indicates a supply zone where the price has repeatedly failed to break higher.
This suggests strong selling pressure at this level.
The recent price action shows a potential bearish trend.
Given the repeated failure to break above the supply zone and the projected downward movement, market sentiment appears bearish for NASDAQ in the short term.
Consider entering a short position around the current price level or upon confirmation of a downward move from the resistance zone.
Targets would be the support levels at 19698.53.
Ensure proper risk management by sizing the position appropriately and setting stop losses.
Nasdaq Intraday Review - Thursday 18 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 6am GMT (1am EST)
Economic news - Initial Jobless Claims @ 13h30
News - Netflix Earnings
Directional bias - BUY
My trading journal didn't save all my detailed morning analysis text (#irritating) :(
So to repeat, short and sweet....
I kept my bias today as a BUY because I was of the opinion that market would retrace and test the neckline area of D market pattern.
Reason for this opinion:
1. Day DT Profit target reached (market pattern completed)
2. Seller's TP2 reached
3. The lime green thick line is a strong resistance level on the W TF and if price breaks this support, then we are in for another big drop as indicated by the purple arrow.
So I felt like price would retrace, all the way up to the sell fib levels.
I entered buy's twice, based on DB's forming and breaking necklines upwards + temporary downtrend lines broken.
Mental SL was placed at the thick pink lines.
On both occasions price moved more than 250 pips away from my entry and I was able to secure my trade at entry.
Got taken out twice at entry as price moved back down and then I lost faith that bulls could overpower the bears to at least force a deep retracement today.
So no pips for me today.
Hope you had a better day!
Catch ya tomorrow! :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
NAS100 Technical Analysis and Trade Idea👉🔍 In this video, we analyze the NAS100. It's evident that US100 has been showing bearish momentum in recent times. However, I anticipate a retracement as it has traded into a key support level. My strategy involves monitoring the 5m chart for signs of sideways movement and a potential reversal, which could present a scalp/day trade buying opportunity targeting the previous bearish imbalance.
It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
Nasdaq Intraday Review - Tuesday 17 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my pre day review and analysis in case it can help you!
Did my analysis at +- 6am GMT (1am EST)
Economic news - None
News - None for today - tomorrow is Netflix earnings
Directional bias - Starting to look Bearish?!
During analysis noted the following:
M - Still looking bullish, but long wick beginning to form. Wick is 4'330 pips at time of writing, body of the M candle is 5'900 pips
W - On the W TF you can see weakness in the candles. Last week's candle closed with a very long wick red doji candle. This week's candle is still forming but the weakness is evident, with price struggling to stay above the last 2 week's highest closing points - strong resistance forming on the W TF. The way that this week's candle will close will be very telling because price could just be stalling and then continue to move up (especially during earnings season), or this could be the beginning of a reversal.
D - The large red candle on the 11 July can be seen as a retracement. Price moved down to the W - 0.50 fib level and then moved up again. However, now one can see that a DT may be taking shape on the D TF. A potential neckline is visible and once price breaks below that point on the D TF (i.e. a D candle closes below the neckline), we may be in for a large move down because the profit target of the DT is +- 4'700 pips away. Yesterday's D candle closed as a hanging man candle.
Hanging man candle is a bearish reversal candle and indicates:
- sellers are beginning to outnumber the buyers
- the long bottom wick shows that sellers are pushing lower but the buyers could only push up near the candle open, meaning that there are not enough buyers left to provide the necessary momentum to keep price rising.
Today, in the early morning hours, we see more bears entering the market and pushing price down (at time of writing)
4H -
Trend line - a down trend is forming between B. and C. - two touches to a trend line forms the trend line. Three touches to a trend line, confirms the trend. So if you draw trend lines to wicks a trend has formed. If you draw trend lines to candle bodies (i.e. disregard the wicks and draw a trend line touching the thick part of the candle as per the yellow trend line) you will have three touches to the trend line. So I interpret this to mean that a strong temporary down trend is formed and confirmed.
Sell fibs - one can also see that the sell fibs are becoming stronger and the bulls are unable to break these zones, even after many attempts.
The 4H 0.618 sell fib kept price down on 3 attempts
The 4H 0.50 sell fib kept price down on FIVE attempts. Hence why bulls are losing momentum, they keep pushing up but bears are successfully keeping bulls down at lower and lower price levels.
S&R - yesterday price has been unable to break above and away the pivot point and today (at time of writing) the pivot point has already acted as a strong resistance (as indicated by the 2 x dice icons)
Buy fibs - buy fibs are unable to give price the momentum to move up and we can see that the D - 0.382 buy fib + D - 0.50 buy fib has been breached. This is telling because the D fib levels are strong (marked in blue).
So after this analysis, it seems my directional bias as a BUY is under threat.
I know that if I don't have my directional bias correct, then big losses are guaranteed.
I may wait today to see how the D candle closes in relation to the D market pattern that is forming (DT) and see if bears are strong enough to break the neckline down. Up until then we still have a W 0.382 buy fib level + D EMA that needs to be breached by bears and perhaps these levels are strong enough to call in more bulls.
As Trading View always says, there are three things you can do as a trader....buy, sell or wait. And I think today I might wait.
Have a great trading day!
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
Nas 100 long Already in a trade from Friday on this pair and would be looking for scale in if i dont get taken out a break even. my entry for the scale in would be a 30m close above 20400.00.
However if I get taken out I would still ne looking to re enter following a rejection from 20,312.3 or 20,224.3
NAS100 US100 Trade Idea NASDAQConsidering the NAS100 is currently exhibiting a strong bullish trend, there may be a potential buying opportunity if it retraces into a discount zone near the 61.8% Fibonacci level. US100 NASDAQ
Trading involves risks, and past performance is not indicative of future results. Always conduct thorough analysis and consider risk management strategies before making any trading decisions.
Nasdaq Intraday Review - Tuesday 9 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 6am GMT (1am EST)
Economic news - None
News - None
Directional bias - BUY
During analysis noted the following:
M TF - current month's candle is 9'300 pips strong, indicative of strong bullish momentum
D TF - is bullish with yesterday's candle closing with a very small upper wick
4H TF - price has moved further than orange profit target, but I suspect that bears might start putting pressure on price.
1H TF - formation of a rising wedge market pattern, marked with dark blue lines. These usually break downwards, but can break in either direction. If the rising wedge does break downwards, the subsequent move down will be significant because the wedge pattern itself is large. Profit target is always the same height as the market pattern.
Noted 2 x areas of interest (areas of interest changed throughout the day because fib levels changed as market kept rising + EMA's moving - but ultimately these were my areas of interest for the day):
Area 1:
Pivot Point + 4H 0.618 fib level
Area 2:
Assuming that wedge market pattern has broken downwards and this area is the wedge profit target + 4H EMA + D 0.50 fib level(ish)
In the morning hours, entered a buy at the hand icon - Confirmations:
Market pattern - DB formed on the 15min TF, with a break of the neckline upwards. Entered on the break of the neckline
Trend - Buy is in the same direction as the overall bullish trend + temporary uptrend formed marked by the bottom pink line of the triangle
Candlesticks - the 1H candle close before this 15min DB entry was a doji candle, indicating that sellers may be losing momentum.
S&R - when the market is very bullish then price will respect the 30min EMA. There was a long wick candle down to the 30min EMA indicating that price was reacting to this dynamic support.
Fib - none
Set a mental SL at half the height of the market pattern as indicated by the think pink line.
Entered only half a position because it seemed unlikely that price would really move up from here with out first retracing.
Price moved up and then back down and price action broke my SL area and I closed at 100 pip loss (losing 100 pips is not a big deal in my books)
So waited patiently for my next set up, but was pretty confident in my Area 2, so set a buy limit for this zone for my full position size.
The area at the mushroom is pretty strong area because it is a strong S&R zone on the 4H TF and the D 0.382 fib level.
Price wicked down to this level and then seemed to reverse.
Watching price action carefully, I entered buys when a DB formed on the 5min TF with a break of the neckline upwards - this DB formed right on the 4H 0.618 fib level and the D pivot point.
I entered further buys when a DB formed on the 15min TF and 30 min TF, meaning that price was giving bullish signals on all the lower TF's i.e. timeframe confluence.
Mental stop was always at half the DB for each entered position.
Now currently, my positions are roughly 300 pips up and secured at entry.
I will leave them running till tomorrow and set TP 1 at a re-test of the ascending wedge pattern.
Sell Fib levels are also shown on the 1H TF, so tomorrow I will be watch for a reversal at these points (seems bulls have already pushed past the 0.382 sell fib level)
Hope you had a good day trading!
Catch ya tomorrow!
What could I have done differently / better?
Pretty happy with my performance today, I was patient and waited for market to give me a signal to buy. I also managed risk well by scaling in my buys as confirmation grew stronger and stronger on the various TF's
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
EMA = exponential moving average
SL = stop loss
Nasdaq Intraday Review - Friday 5 July 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 13h00 GMT
Economic news - NFP @ 13H30
Directional bias - BUY (overall trend on Nas is bullish - "The trend is your friend")
During analysis noted the following:
Usually don't like trading in the morning before NFP (because often market is just consolidating) - so did my analysis just before the news came out.
I am still figuring out my personal method of trading NFP, but I lean towards trading with the trend and trying to get in on a spike down.
Price was at about the arrow when I did my analysis.
I noted a DT had formed on the 1H TF - neckline and profit target marked with green lines. Profit target = same height as the market pattern.
Also noted that if price dips from where it was at the arrow, then a DT would be formed on the 4H TF - neckline and profit target marked with purple lines.
At the time of analysis, the 4H EMA was right at the profit target of the purple DT.
I have noticed that even during news, very strong areas of confluence can still cause price to bounce (sometimes enough to be able to secure at entry after price has moved 250 pips from entry).
So because I felt that market is still chasing that orange profit target, from the huge orange consolidation triangle, I felt convinced of my directional bias.
I had two strong areas of interest:
Area 1:
Profit target of purple DT + 4H EMA + Strong S&R (previous swing high on 4H TF) + 4H 0.382 fib zone (Fib drawn from swing low at A. to swing high at B.)
So at this area, you would get pattern traders possibly entering, EMA traders possibly entering, fib traders possibly entering and S&R traders
Area 2:
4H 0.50 fib level + D 0.382 fib level + strong support on 4H TF.
So I set buy orders for quite big positions at these areas.
It's risky because NFP can be so incredibly volatile and can just smash so far down that you can bust your account.
Area 1 was 1'400 pips from where price was at the arrow and area 2 was 2'500 pips from where price was.
So be sure your account can handle your buy orders if a large draw down occurs.
Because these 2 area's were so far down, I felt I had to set a buy order somewhere higher.
I identified Area 3:
Profit target of 1H DT + 1H 0.50 fib + 1H EMA + somewhat of a S&R zone on 1H TF.
But because this was so close to where price was, I set a buy order for a much smaller position.
NFP news came out, and my Area 3 buy order triggered.
Had a draw down of about 278 pips and price touched the Daily pivot and reversed (I find it so interesting how price can spike down to a very specific point and then reverse on the spot and fly).
Clearly, many traders had set buy orders at this level.
Price skyrocketed and I feel it is chasing that orange profit target level.
Ultimately price moved 2'200 pips from my position.
My profit target is at the orange profit target line end and I am still in the game (didn't close as yet).
Patience paid off and I am happy to end a relatively quiet week of missed trades (because of work deadlines) with a BANG!!!
Hope you caught this awesome buy and made nice money!
Have a great weekend!
Monday we trade again! :)
NAS100 NASDAQ Technical Analysis and Trade Idea US100👉🔍 In this video, we analyze the NAS100 index. It's evident that the NASDAQ has been showing strong upward momentum in a bullish trend. However, considering today is Friday, I anticipate a potentially sharp retracement with the US100. My strategy involves monitoring the 15-minute chart for signs of sideways movement and a potential reversal, which could present a selling opportunity targeting the previous swing low.
It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔