Us100
nasdaq to 20k?!good evening,
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consider this post somewhat fictional for now, created more for entertainment purposes, but i want you to know that there are some serious data points which i'm going to bring up to build the case that the stock market has found a long term bottom.
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~our monthly indicator is finally oversold for the first time since 2009 market low and is on the verge of crossing bullish.
~nasdaq is backtesting the monthly ichimoku cloud.
~0.382 cycle wave 4 target hit through a very complex correction .
~the monthly rsi has confirmed a hidden bear.
~the us dollar found a top and is headed down to about 80 bucks over this next year.
~us10y, topped out.
~fed might run out of money if they continue to press the markets.
~fear is at all time high.
~retail short positions are at all time high.
~and i'm buying everything.
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the cycle w5 target on nasdaq sits at $20,000 and we could be in the early stages of beginning that ascension.
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ps. take my words with a total grain of salt, as i could be very much dreaming here.
ps2. in my last big nasdaq post, i called the top, but was early by a few months. it also went a bit higher, so if i adjust the target with the current data, we have reached the 4th wave target successfully.
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CHANGE OF DIRECTION FOR EURUSDAt first we thought it would keep going up, but it broke an important line on Friday before closing, which tends to show it keeps the bearish position ;
not sure about that tbh, but it seems too early to call a bearish trend for this pair, even though it might happen at some point soon ;
the next KL, LL and key lines will tell us if we're right or no.
US100 Is Going Down! Sell!
Here is our detailed technical review for US100.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 20,418.60.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 20,055.55 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NEW NASDAQ ROUTEThe potential drop in the NASDAQ in the coming days could be driven by several key factors. First, macroeconomic uncertainties, including geopolitical tensions or the persistence of high interest rates, could increase market volatility. Additionally, recent disappointing quarterly earnings from major tech companies, which are often heavily weighted in the index, add downward pressure. Lastly, technical signals such as the breach of critical support levels or a decline below the 50-day moving average could trigger accelerated sell-offs. Investors should closely monitor these indicators to assess risks and adjust their portfolios accordingly.
EURUSD NEXT MOVEAfter a downtrend, the fundamental lines of this asset tend to show, as BTC, a new bearish position ready to launch ;
however the downtrend might still attract the price down, causing more of a zigzag kinda pattern, only time will tell ;
these arrows show the change of direction the price is taking about now.
MORE ACCURATE ROUTE FOR GOLDour idea is still valid but needs a little bit of clarification : we thought gold would follow some kind of round top pattern ;
now it seems like a 3/4 tops and a HH, then a drawdown to 2500s by next week.
However it will come back up at some point soon, around the beginning of 2025, so stay advised and don't try to sell it under 2500.
USDJPY UPMaybe a little too optimistic on the detail precision, but this should turn out like that at some point tonight and tommorrow ;
USD has been on a big rally lately thanks to Trump and is not done yet, now is still the time for USD products to go high ;
however there could be a massive correction soon with VIX and GOLD going back up, but not for another week or more.
US100/NASDAQ STILL GOING UPThe white lines are yesterday's projections, which are a little late ;
the setup is still valid and a little late but will make NASDAQ rise once again ;
more precisely this time, we put together a possible route for this, stopping and reversing at KL and previous HH and LL.
BTC NEXT MOVEMissed a pretty good trade by not so much tonight, this is tough.
Not displayed here but we went with Fibonacci tools for this one, using different colours and methods.
This new HH today puts a big step towards the 100K rally, which will however not be completed right now but at least in 2025.
NASDAQ: Channel Up intact. Targeting 22,000.Nasdaq is on excellent bullish technical levels on the 1D timeframe (RSI = 65.968, MACD = 283.550, ADX = 47.440) as it is rising on the new bullih wave of the August Channel Up. The bullish wave confirmed the strong buying pressure as the 1D MA50 held and kickstarted it after a Bullish Cross on the 1D MACD. Based on the previous bullish wave in September, we are currently in the middle of a +10.90% wave. We are targeting its full length (TP = 22,000).
See how our prior idea has worked out:
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Nasdaq Insights: 13-NOV-2024Good morning! Join me for today's Nasdaq market analysis. Share your charts, ask questions, and let's discuss trading strategies.
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NAS100USD: Bearish Focus on Liquidity and Premium ReversalsGreetings Traders!
Brief Description🖊️:
Currently, I am observing bearish institutional order flow, so it’s essential to align with the market’s narrative. The market typically moves toward liquidity pools, or external range liquidity, before targeting internal range liquidity, where premium and discount zones—such as Fair Value Gaps (FVGs) and order blocks—are found. In this case, price has reached a premium breaker block and retraced into the 62%-79% Fibonacci levels, which are strong zones to anticipate a reversal.
Things I Have Seen👀:
Liquidity Targeting💧: Price moves toward external range liquidity before reversing to internal liquidity zones.
Premium Entry Zone🟠: The recent price leg retraced to the 62%-79% Fibonacci levels within a premium range, ideal for a sell entry.
Targets:
Fair Value Price
Liquidity Pool (Sell Stops)
Trade Management:
Please note, I personally aim to capture a 3R return on each move and trade exclusively during the New York afternoon session. Once the session closes, I close my positions. While you may choose your own trade management approach, always prioritize proper risk management.
What's Important Now❗
Look for confirmation entries at the premium breaker block, but remember to conduct your own research to validate this setup before entering.
Best Regards,
The_Architect
NASDAQ Extremely bullish for the next 30 days.Nasdaq (NDX) is extending a very aggressive post-election rally that is coming after a clear technical hold on the 1D MA50 (blue trend-line). This is just a short-term movement inside a (blue) Channel Up that emerged after the index rebounded on the 1D MA200 (orange trend-line), which in turn is the Bullish Leg of the 2-year Channel Up pattern.
As you can see, the price action is so far very similar to the Channel's previous Bullish Leg that also started on a 1D MA200 hold (October 26 2023). Based on the 1D MACD's Bullish Cross and the 1D RSI bullish reversal, we are in symmetrical terms on a situation similar to January 23 2024, with the price above the 0.618 Fibonacci retracement level.
We still expect a similar +30% rise from the last bottom (August 05) to be completed, so our 22000 medium-term Target is intact.
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US100 Is Bullish! Buy!
Take a look at our analysis for US100.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 21,117.7.
The above observations make me that the market will inevitably achieve 21,285.0 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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NASDAQ INDEX (US100) Classic Trend-Following
Bullish rally on US100 continues.
The market closed, updating the all time high.
To catch a bullish trend continuation next week,
pay attention to a horizontal range on a 4H.
Bullish breakout of its upper boundary - a 4h candle close above that
will give you a strong bullish confirmation.
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