Nas100short
Nas100: Bearish momentum is not overOn a high timeframe, we see a rising channel and the support of this channel isn't reached yet. The coming days we could still see bearish pressure, with bears targeting the support of this rising channel.
On top of that, the past days I noted out the bearish setups that were being printed, one of that was the head and shoulders pattern. I stated that if the support or neckline of this head and shoulders get violated, we could still see Nas100 struggling to rise and the bearish momentum could go on and Nas100 might find bottom around 15200.00 and 15400.00.
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Nas100 is printing bearish setups with Head and Shoulders Friends, let's take a look at the technically aspect of Nas100. From my previous analysis I mentioned of the broadening wedge that needed completion. The overall idea is Nas100 is printing quite a number of bearish setups. With the broadening wedge, there's high probability that price will be pushed to the downside and this will act as a continuation of price to the downside. We are already seeing bulls power getting diminished as they cannot be able to reach to the previous high around 16775.00 and price keeps on being rejected several times at 16400.00.
If we also take a closer look, we see that the current market structure is about to reveal a head and shoulders pattern. At this point bears are targeting and eyeing level 16000.00.
A complete violation of this level we will expect further downward momentum which will also trigger the head and shoulders pattern to be completed and violated.
Please keep in mind of these important levels:
16400.00 is now acting as resistance , a complete break above this level bulls will take the victory to the upside.
Meanwhile, 16000.00 is acting as support , bears completely violating this level to the downside will send price lower to at least 15700-15800.
Nonetheless, my bias at the moment is bearish.
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Take note that any trading decisions you take from this idea should be at your own discretion. This is not a trading signal, rather it should be a mere opinion of what I think price is about to do.
💡 Previous Forecast
💰 Outcome of the Previous Forecast
💡 New Forecast based on the broadening wedge formation
Nas100 Short 2RThis was my third trade from yesterday. Price has been in a short term down trend for a few days after making new highs. I followed market structure and waited for a pullback to the 70.5% fibonacci level to take my short entry. On this trade there was a little drawdown but nothing telling me I shouldn't be in the trade. Price came down to my first target which was at the low of Wednesday, but from my analysis, price came down to this point to take out sell stop orders before moving higher throughout the day.
NAS100 - Low Time Frame Buy ZoneSimple, we like to see price drop for us to add to our long positions
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NAS SWING SELL BIG DROPLooking to short nasdaq off the 30min POI/orderblock.
We have come up to test the high and showed strong rejection leading me to believe nas will drop.
Potential target zones are highlighted in green.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
NAS SELL LIMITLooking for a reentry on nas100 and shorting it down.
Price created a 1hr orderblock and looking for price to play into that and drop down to an overall swing target of 15700.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
Potential 🦇🦇NAS100 - DTF is still bullish but we have a 3h BOS line which price keeps hovering around.
Theres a potential double top forming on the daily chart too and price is showing signs of weakness.
I want to see another bullish push to the DH then a rejection following the harmonic patterns down to the DL (If the DL breaks then i'll continue to sell but until it does this is still bullish on the HTF so be careful when selling against HTF momentum.
Let me know your thoughts?
NAS BUY THEN SELLNas looking to buy back up to retest the neckline resistance.
We have broken the trendline resistance and retested it as support as well as retesting another level of support, looking for nasdaq to start pushing up to then sell off to retest the 15700 level
As another confirmation for a buy we have an inverse h&s pattern on the 1min.
Potential Crab Forming 🦀NAS100 - Potential Crab,
Price rejected from the DL hasn't broken structure, still bullish on the Daily TF, I'm looking to trade long with Daily PA to cover imbalances above before then looking for shorts to complete the potential Crab.
Whats your thoughts?