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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
1-hr US100: Possible Correction on the Horizon After a remarkable 1,300-point rally since last week, the US100 index is now losing steam, showing signs of exhaustion as bullish momentum wanes. Many investors are starting to take profits, leading to increased selling pressure and creating a short-term downward shift. This negative sentiment is reinforced by a key technical indicator: the 20-period moving average has crossed below the 60-period moving average, forming a Death Cross. This bearish crossover typically signals strong selling interest. Consequently, the ongoing correction could deepen, with the index likely to drop towards immediate support at 20,890, which aligns with the 23% Fibonacci retracement level. If the selloff continues, the decline may extend further, potentially testing the 20,700 area around the 38% Fibonacci retracement, a critical zone for buyers.
CAPITALCOM:US100Short
by Trendsharks
Nasdaq 100 Consolidates Near Record High: Is a 22,000 Target NexThe U.S. presidential election has sparked optimism also in the stock market, with the technology index rising by 1,000 points. Following this new all-time high, the Nasdaq 100 ( PEPPERSTONE:NAS100 ) is now consolidating just below that level. This consolidation is taking the shape of a flag pattern, which could signal potential for further upward movement. A breakout to the upside would confirm this pattern and could set the stage for additional gains, with a target of 22,000 points.
PEPPERSTONE:NAS100Long
by Mihai_Iacob
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