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.
Nasdaqsignals
Weekly Update: At the very least...ITS TIME TO RAISE CASH !!!!Since I last updated you on the overall markets, price has retreated lower. (Click Here for the last Market Update)
The Nasdaq futures contract (NQ) has declined a total of 10.76% whereas the SP500 futures contract (ES) has only declined 5.05% from their respective all-time highs earlier in July.
Does the Divergence between the weakness of the NQ, and relative strength of the ES, tell us anything? As I take in volumes of information to access the current pattern I find myself overwhelmed with the musings of more experienced market participants.
A reasonable explanation would be the Nasdaq outperformed on the way up and is now underperforming on the way down. A sign possibly it got ahead of itself? Sure. However, in my experience, the answer is more nuanced to advancing and declining markets than simply the Nasdaq outperformed earlier and is now underperforming. I find Bob Farrell’s “Market Rules to Remember” always a good list to consult in the most interesting of market times. In his top 10 list of market rules, I find the market somewhere between rule #2 and rule#4 rather germane to the current price action.
Rule #2 states : “Excesses in one direction will lead to an opposite excess in the other direction.”
Whereas Rule #4 states : “Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways.”
Have we achieved the one directional excess that will lead to excesses in the opposite direction yet? Does this rapidly rising market have further to go? These are questions that are impossible to answer right now as the current price action in the NQ and ES tends to favor both rules. To further explain with respect to Rule#2…as long as we remain above the April lows in both the NQ and the ES, we retain the ability to continue to subdivide higher . Right now, those April lows seem like worlds away from the current consciousness of traders. However, from an Elliottitions’ perspective, the upside pattern is not damaged in the least, as long as we remain above those April lows.
But to say the advancing price action has not been damaged in the least is somewhat an oversimplification of the technical structure of the recent price action as notated in RN Elliott’s original theories. Elliott Wave Theory simply put states that a trend will persist in 5 distinct waves, and counter trend price action will retrace the trend but only in 3 distinct waves. This forms the basis of trends, or (Motive Waves) and counter trends, or (Corrective Waves). The exception to this primary tenant of EWT is, wait for it …… (A diagonal Pattern) . Anyone can use the Google Machine for a definition of what a diagonal is within the construct of Elliott Wave Theory. However, I will add that the sentiment of market participants usually is that of tepid confidence. Traders not entirely sure of their actions....FOMO. Nonetheless, using this basic premise, this is how I interpret the current market price action.
Disclaimer: I am not a fortune teller. I do not levitate off the ground, nor do I smoke a pipe like a wizard. Elliott Wave Theory is a construct to provide simply a higher probability forecast of future price action...NOT A GUARANTEE. Many times, with more price action and the benefit of hindsight, patterns can be interpreted as something other than what was originally perceived.
The current price action in the NQ can persist to new all-time highs right now. However, to do so, would ONLY be accomplished as an Ending Diagonal for wave 5 of larger V of even larger wave (III). This sort of price action, if it subdivides to it’s ultimate conclusion, would eventually result in a market crash of sorts. Ending Diagonal patterns ideally return to their point of origination in relatively short order. The origination point of this potential pattern is the April lows. That would be considered a pretty hefty decline if that were to play out and certainly scare those who remain permanently bullish by virtue of a lack of imagination. The ES, although not nearly as precarious as the NQ pattern is, would undoubtedly follow suit to a large extent.
Therefore, I will conclude by humbly offering some unsolicited advice. The professionals, the market media and your day trader buddy…all will chime in when it’s time to buy. Its crickets…when it’s time to sell. You, nor I, have ever turned on CNBC to hear…”Folks it’s time to sell stocks”.
In my last update on the markets, I ended with this statement... these decisions are only yours alone to make. I will not tell you to sell now. However, I’ll tell you this. It is time to raise some cash. Could the market make new highs? Sure. But have you honestly done a risk/reward scenario for these potential incremental new highs?
Take that suggestion for what it may be worth.
Best to all,
Chris
NASDAQ to find buyers at market?US100 - 24h expiry
Previous resistance level of 19262 broken.
Short term bias is mildly bullish.
A lower correction is expected.
We look to buy dips.
Further upside is expected although we prefer to buy into dips close to the 19200 level.
We look to Buy at 19200 (stop at 18990)
Our profit targets will be 19550 and 19650
Resistance: 19895 / 20790 / 20965
Support: 18890 / 18440 / 17800
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NASDAQ Loong!This index has been forming a falling flag pattern for the past few days, which IMO is a strong indicator for a bullish momentum. As for now, it seems to retest the upper trendline of the channel.
I do anticipate that it might cover the gap it created at 19690. My entry position is at 19150, TP at 19690 and SL at 18900
NAS100USD (BULLISH DIRECTION ) (4H)NAS100USD
HELLO TRADERS
Tendency , the price is under bullish pressure , until trading above 18,956 .
TURNING LEVEL (1) : the price of this level at 19,114 , so if the price breaking this level reach a resistance level (1) , by breaking this level active bullish zone .
TURNING LEVEL (2) : the price of this level at 0.126, so if the price breaking this level reach a support level (1) , by breaking this level active bearish zone .
RESISTANCE LEVEL (1) : this level around 19,529 , for reach this resistance level the price need breaking a turning level (1) , indicates have good selling in this level
RESISTANCE LEVEL (2) : around 20,093 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
RESISTANCE LEVEL (3) : around 20,694 , for reach this level it will be breaking by open 1D candle above resistance level (2) , indicates have very strong sells in this level .
SUPPORT LEVEL (1) : this level around 18,627, for reach this support level the price need breaking a turning level (2) , indicates have good buying in this level .
SUPPORT LEVEL (2) : support level at 18,240 , for reach this level will be breaking by open 4h candle below support level (1) .
PRICE MOVEMENT : currently price 19,107 , have two scenario , first scenario corrective turning level (2), before rising to touch a turning level (1) , then breaking this level reach a resistance level (1), second scenario corrective turning level (1) , to reach a turning level (2) , then breaking this level reach a support level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 19,529 , 20,093 , 20,694 .
SUPPORT LEVEL : 18,627 , 18,240 .
NASDAQ Bullish reversal possible while holding the 1D MA100.Nasdaq (NDX) failed to hold the short-term Channel Up as it broke below the 1D MA50 (blue trend-line). However the long-term Channel Up that started after the October 26 2023 bottom has now assumed control as the index found support on its 1D MA100 (green trend-line), which is right on the pattern's bottom (Higher Lows trend-line).
This is technically the 3rd bottom formation within this 8-month span and the two Bullish Legs that followed registered rises within the 21% - 22% range. Notice also that the 1D RSI almost hit 30.00 and rebounded, which is consistent with the April 19 2024 and October 26 2023 bottoms.
As a result, our current Target on Nasdaq is 22500 (+20% rise from the new Higher Low).
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Nasdaq thoughts 30-JUL-2024Hello all, Kindly see my NASDAQ thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
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.
NAS100USD { BETWEEN TURING LEVEL (1) (2) } {4H}NAS100USD
HELLO TRADERS
Tendency , the price between two turning level around 19,983 & 19,681 .
TURNING LEVEL (1) : the price of this level at 19,983 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 19,681 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 20,218 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 20,539 , for reach this level it will be breaking by open 4h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 19,394 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 19,049 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : if the price corrective turning level (1) it is mean the price trying to reach a support level (1) , so if the price corrective a turning level (2) refers trying to reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL :20,218 , 20,539 ,
SUPPORT LEVEL : 19,394 , 19,049 .
NASDAQ Held the 1D MA50 and is rebounding.Nasdaq (NDX) almost hit the 1D MA50 (blue trend-line) on Friday and immediatelly rebounded yesterday, in anticipation of high cap earnings starting tonight with Tesla and Alphabet. The 1D MA50 has been intact as the major Support of the Channel Up pattern since May 06.
The previous two Bullish Legs rallied at least +10.37% before the next short-term pull-back, so we are setting a new Higher High (top of the Channel Up) Target on Nasdaq at 21450.
Notice also the harmonic occurrence of the bottoms (Higher Lows) of the Channel Up as highlighted by the Sine Waves.
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Nasdaq Thoughts 23-07-2024Hello everyone! Please find my NASDAQ market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
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.
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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.
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Nasdaq thoughts - 22-JUL-2024Hello everyone! Please find my NASDAQ market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader
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.
NAS100USD ( BREAKOUT CHANNEL ) ( 4H )NAS100USD
HELLO TRADERS
Tendency , after breakout channel the price is under bearish pressure .
TURNING LEVEL : the price of turning level between 20,214 and 20,084 , if the price breaking 20,214 reach a resistance level , but if breaking 20,084 reach a support level .
RESISTANCE LEVEL : currently price 20,127 inside sensitive area , if the price breaking turning level at 20,214 reach a resistance level at 20,386 .
SUPPORT LEVEL : if the price breaking 20,084 reach a support level at 19,910 .
PRICE MOVEMENT : the price breaking ascending channel it mean under bearish pressure , know the price in a sensitive area between turning level at 20,214 and 20,084 , price breaking 20,214 by open 4h candle above this level reach a resistance level at 20,386 , then breaking this level reach a 20,708 , if the price breaking 20,084 by open 1h or 30 min below this level reach a support level at 19,910 , the breaking this level reach a 19,688 .
TARGET LEVEL
RESISTANCE LEVEL : 20,386 , 20,708 .
SUPPORT LEVEL ; 19,910 , 19,688 .
NAS100USD ( TRYING TO REACH A ORDER BLOCK ) ( 4H )NAS100USD
HELLO TRADERS
TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure
TURNING LEVEL : the price between 20,387 and 20,217and called a FVG , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level .
PRICE MOVEMENT : the price in previously reach a first resistance level at 20,387 , currently price stabilizing this level , my goal resistance level at 20,703 .
PRICE ACTION :
LONG CONDITION : have two cases to rising for reach a resistance level , first case the price retest a 20,387 before reach a resistance level at 20,703 , second case price retest 20.217 , before rising , if the price breaking order block at 20, 783 reach a new resistance level at 20,929 .
SHORT CONDITION : if the price breaking turning level at 20.217, stabilizing below this level reach a support level at 19,810 , then breaking a supply zone reach a next level at 19,405
TARGET LEVEL :
LONG CONDITION / RESISTANCE LEVEL : 20,703 , 20,929
SHORT CONDITION / SUPPORT LEVEL : 19,810 , 19,405
NASDAQ Still a few weeks before it tops.Nasdaq (US100) has been trading within a Channel Up pattern since the November 2022 market bottom and at the moment is unfolding its 3rd major Bullish Leg of the pattern. Supported on the short-term by the 1D MA50 (red trend-line), the index is aiming for at least a +26.20% rise from the April 15 Low, as the 2nd Bullish Leg rose by 5% less than the first.
The price has entered its peak formation process on the Channel Up Higher Highs as the 1W RSI has been overbought (above 70.00) for a month, similar to when the top started forming in June 26 2023 and February 2024.
Our immediate short-term Target remains 21300 as per our previous analysis.
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