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Nasdaq100

Nasdaq Intraday Review - Monday 18 Nov 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 +- 5:30 am GMT (00:30 am EST) Economic news - None News - None Directional bias - BUY. On the W TF, it can be seen that price finally broke through a resistance level that held strong for 6 weeks (marked by numbers). After price broke through, it is now retesting this level to see if resistance is now turned to support. This zone also represents the W and D 0.618 fib level (drawn from swing low at C. to swing high at D.) Because the Day and the Week fib levels are the same, we have a kind of TF confluence, which makes this level very strong. As the overall trend of Nasdaq is bullish, I choose to see last week as a massive retracement but not an overall trend change for Nas. Morning analysis: At this level (the W level highlighted in yellow), price is seen to start reacting to this level. There are DB forming on the 15min TF and the 30min TF. This gives me confidence that buyers are stepping in at this zone. Also, on the 4H TF we have not seen price retesting any of the higher level TF's, so a bullish move is expected to at least retest this bearish move. As the day progressed: Entered a buy at the hand icon (A.) - Confirmations: 1. Market pattern - DB formed on the 15min TF after touching the W+D 0.618 fib level. 2. S&R - DB formed right at the strong Weekly S&R level marked in yellow on the W view 3. Trend - price has finally started making higher highs and higher lows (indicating that price is ready to start moving up) and a buy is in the overall direction of Nasdaq - the trend is your friend 4. Fib - W+D 0.618 fib level touched + DB formed at 1H 0.618 fib level Mental SL placed below green highlight. Price moved up 1'200 pips and I secured my position at entry. I wanted to hold for a larger move because ultimately a DB formed on the 1H TF and the neckline was broken with a huge momentum candle. But price came back down and took me out. I re-entered at the hand icon B. for a more swing trade kind of entry, because we have a DB on the 1H and the 4H TF. Mental stop placed at the thick pink line, which is about half the height of the DB. But it's a risky entry because the stop is soooo far below where price currently is. So a SL hit woud mean a big loss. Hope you had a good trading day! :) Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
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.
CAPITALCOM:US100Short
by edl75
Nasdaq-100 H4 | Pullback support at 50% Fibonacci retracementNasdaq-100 (NAS100) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 20,660.10 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level. Stop loss is at 20,480.00 which is a level that lies underneath the 50.0% Fibonacci retracement level. Take profit is at 20,986.01 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:NAS100Long
by FXCM
Nasdaq Intraday Review - Thursday 14 Nov 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 +- 5:30 am GMT (00:30 am EST) Economic news - PPI and Initial jobless claims News - None Directional bias - Not sure, morning analysis should guide Morning analysis: M TF - Still very bullish, this months candle is up 10'700 pips but still 15 days till candle close. This shows that on the highest level, Nas is very bullish. W TF - At time of writing this morning, candle is red. The red body is about 1500 pips. This indicates short term bearish bias. Look at last week's candle close, which closed at an all time high after breaking a very strong W resistance, it is reasonable to expect price to retrace. D TF - Price action is showing that price is stalling. There are very long wick candles for 4 days, which represent the struggle between bulls and bears. As candle bodies are red, we see that bears are slowing managing to push price lower and lower. The way candles look at time of writing, I view this TF to be bearish. 4H TF - Shows a choppy market. There are no clear higher highs and higher lows or lower high and lower lows. Price is spiking widely in either direction, again representing the intense battle between bulls and bears. Three things are clear though, bulls have been unable to break the 0.618 SELL fib level (fib drawn from swing high at B. to swing low at A.). Bulls have been unable to break the 4H H&S neckline upwards. And lastly, up until yesterday, the 4H EMA was acting as dynamic support with bears being unable to break through downwards. But now this morning we have a clear 4H candle close below the EMA and if the 7am 4H candle closes below the EMA again, it shows that bulls were unable to push sellers back up at this level. 1H - Price is in a very bearish position. The 4H and 1H EMA are now above price and can be expected to act as dynamic resistance. The daily pivot point is also above price. Bulls will have to step in with volume and momentum to be able to break through these stacked resistance levels. Directional bias - looks very bearish. If 4H candle closes at a lower low beneath the 4H EMA, I would consider a sell. Otherwise if a DB forms on the 1H TF and breaks the neckline and subsequently the 1H and 4H EMA, I will enter a buy. No set bias today because TF showing bearish bias, while M TF is still bullish. It's also concerning that good CPI news was not enough to break through the sell fib levels. I will let price action indicate what Nasdaq wants to do today. As the day progressed: So indeed the 7am 4H candle closed below the EMA. I did not enter a sell because I noted that the candle closed exactly at the 100 EMA of the 1H TF (marked with the thick blue line). It can be seen that this EMA has provided dynamic support to 3 candle touches before at A, C and D.. So in an effort to avoid repeating yesterday's mistake (of buying at resistance), I didn't want to sell at dynamic support. So moving down to the 5min and 15min TF after this candle closed, it was clear that price could not break this support and I did not enter a sell. Then.... Entered a buy at the hand icon - Confirmations: 1. Market pattern - a DB formed on the 1H, with the neckline broken upwards. The break of the neckline was with a huge momentum candle breaking both the EMAs (1H EMA and 4H EMA - at time of entry the 4H EMA was in the position as marked by the purple line) 2. S&R - Pivot point broken 3. Trend - Temporary downtrend (marked in blue broken) 4. Fib - DB formed below the 0.618 fib level Mental SL placed at half the height of the DB that I entered in on. Unfortunately, price came back down and I close my position at my stop loss. Decided to be out for the day. What could I have done differently? Losses are inevitable in trading. They will happen, whether you like it or not. The only question is....are you happy with your loss or not. I am happy with this loss. I entered on good confirmations and I also entered with half my usual position size because my plan was to enter the other half position if price re-tested the neckline of the DB and moved up again. So by entering small I managed my risk. I have had this experience before where I enter on a high TF (1H) DB and price still moves down. This happened when Nas was making bigger TF retracements. Also, at time of writing (tonight) the D candle has a long red body. If it closes with a long red body...it means we are entering a waterfall situation where price is pushing down with bigger and bigger candle bodies, gaining momentum. Nas turning very bearish. Will need to consider my directional bias carefully tomorrow and only enter buys on 4H DB or 1H DB if the neckline has been re-tested and price then still moves up. Hope you caught the nice sell! Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review - Tuesday 12 Nov 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 +- 5:30 am GMT (00:30 am EST) Economic news - None, CPI on Wednesday News - None Directional bias - I stick with a BUY as I view the red candles on the bigger TF as a retracement rather than a change of market sentiment. I would need a bit more price action evidence to be convinced that we are in a bear market....up until then, I continue to look for buys in what I see as a bull market. Morning analysis: M TF - very bullish, candle is 11'000 pips strong at time of writing (Tuesday morning). Still 17 days to go until candle close but definitely indicative of strong bull sentiment overall W TF - week candle has turned red (at time of writing on Tuesday morning), indicating that price is in an area where bears have stepped into play. Need to be careful and need good confirmation for entering a buy, as bears may still push for a further retracement. Time to whip out sell fibs on the smaller time frames and start analysing those too to understand if price is respecting these sell levels and sell TP points. This does not mean I waiver from my directional bias as a buy, but it helps me set buy TP's (possibly at strong sell fib levels) and understand bearish price action. D TF - D TF shows price stalling at this zone. We have a doji candle from Friday and a red (colour change) candle from Monday. If bears do push for a lager TF retracement, then it can be expected that price will move down significantly, as the D and W 0.382 fib level is 3'800 pips down. 4H TF - price seems be to struggling to break the 0.50 sell fib level (4H candles are failing to close above this level at C, D, E and F on the chart). Long wick candles are forming with wicks sticking out the top, indicating that bulls are trying to push higher but bears are successfully pushing back down at the 0.50 SELL fib level and the 0.618 SELL fib level. Looking at the line chart, a head and shoulders pattern is forming, with a neckline slanted upwards (indicated in blue lines). If bears break this neckline downwards, the price could move down and test the 4H EMA. The blue vertical line represents the distance that price would most probably move down if the neckline is broken (price usually moves the same distance as the height of the market pattern). Buy fib in the morning was drawn from swing low at A. to swing high at B. 1H - Monday and Tuesday's pivot points are close to each other. This indicates that price is in a strong area of S&R. It remains to be seen if this zone will act as a support for a push up, or resistance for a push down. As the morning progressed, a falling wedge started forming on the 1H TF, as marked by the torquoise lines. Falling wedge pattern usually breaks upward, but can break in either direction. Due to strong bearish presence, I decided to only enter if the 1H TF gave a signal. 1H TF is pretty strong on Nasdaq and I would manage my risk this way. Entered a buy at the hand icon - Confirmations: 1. Trend - a buy is in the same direction as the overall trend. I prefer trading with the trend as “the trend is your friend”. 2. S&R - price broke the pivot point + EMA with a good momentum candle. 3. Market pattern - a falling wedge pattern had formed which broke upwards. The temporary downtrend line (the top line of the falling wedge was broken) indicating that the temp downtrend was over. 4. Fib - price was respecting the 4H BUY 0.382 fib level (written in purple) and price finally broke the 0.50 SELL fib level For me all of this was strong confirmation that buyers had stepped in and that price was ready to move up. Mental SL placed below the lowest candle wick below the falling wedge, as indicated by the pink line. Unfortunately for me, price moved straight back down and I closed in my stop loss area when candles started closing below my pink line. Took a loss of 568 pips. Not too bad pip wise, but because I felt the confirmations were solid, I entered with a full position size. After that I was out for the day, as I "felt" (intuition that comes with LOTS of screen time) Nas wasn't moving as it normally does. What could I have done differently? Some part of me puts this loss to variance i.e. sometimes price will do what it wants and move against you no matter how good confirmations were. But another part of me recognises that the green candle I entered on (at the hand icon), closed at exactly the same price point as the green candle under B. From B. you can see that price moved down significantly from this point. So I basically entered a buy at resistance. I should have waited for the next 5min or 15min candle close to be sure that the resistance would not push price back down again (which is exactly what happened). I won't be trading CPI, I feel that in high impact news, I am not able to stack the odds in my favour. So hope you did better than me, good luck with CPI and catch you tomorrow! :) P.S. #NasdaqNerd - don't you think its so cool how price really did move down to the profit target (end of blue vertical line)! It happens so regularly that price respects market pattern profit targets so perfectly :) 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
PEPPERSTONE:NAS100
by Jinxx84
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. #Nasdaq #StockMarket #Trading #Investing #DayTrading #SwingTrading #TechnicalAnalysis #MarketAnalysis #FinancialNews #WallStreet #NasdaqToday #NasdaqAnalysis #NasdaqTrading #StockMarketNews #MarketTrends #InvestmentStrategies #FinancialMarkets #TradingTips #NasdaqForecast #MarketInsights #Nasdaq100 #TechStocks #GrowthStocks #IndexFunds #ETFs #StockMarketAnalysis #TradingStrategies #RiskManagement #InvestorEducation #FinancialLiteracy #EarningsSeason #FederalReserve #EconomicIndicators #MarketVolatility #GlobalMarkets
PEPPERSTONE:NAS100
by DrBtgar