NAS100 update and buy setupOn our last analysis of NAS100, we were bearish and managed to place sell trades as per our strategy. We are still holding those positions because we are still bearish and we would eventually like to target the 4H low. However, we will be prepping ourselves to take buy positions as per our strategy, while still holding those sell positions. If you want to learn more about how our strategy works, visit our page on X. The link is in the bio.
Nas100analysis
NAS100 Sell setup updateOn our last analysis of NAS100, we were bearish for the longer term and we were waiting for price to reach our area of interest where we would be looking for selling opportunities. Price did indeed push till our area of interest and we managed to place sell trades as per our strategy.
NAS100 Overextended? Anticipating a Retracement to Re-BalanceThe NAS 100 has seen a sharp move to the downside and, in my view, is overextended. It has reached previous lows on the daily timeframe, sweeping southside liquidity. Considering the extreme nature of this move and the presence of significant gaps or imbalances above, I anticipate a retracement as the market seeks to rebalance. Additionally, there is buy-side liquidity resting above that could serve as a target. I’m watching for a potential buying opportunity if the conditions outlined in the video materialize. This is not financial advice.
Bearish drop?NAS100 has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 21,414.83
Why we like it:
There is a pullback resistance level.
Stop loss: 21,813.15
Why we like it:
There is a pullback resistance level.
Take profit: 20,774.05
Why we like it:
There is an overlap support level that lines up with the 78.6% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
NAS100 Update and Trading The Fakey Shakey👀 👉 In this video, we revisit the price action covered in a previous upload—an aspect I often emphasize in my videos. The NAS100 offers a classic example of the "fake shaky" chart pattern and key signals to watch for as price moves away from critical support or resistance zones. We also explore a common trap that traders can fall into. As always, this is not financial advice. 📊✅
NAS100 NASDAQ Technical Analysis and Trade Idea👀 👉 While the NAS100 has maintained a bullish trend, recent price action shows signs of consolidation within a sideways range. Historically, price has often retraced significantly following strong rallies—could we be on the brink of another pullback? In this video, we delve into the trend, price action, market structure, and a potential trade setup. Disclaimer:* Trading carries significant risk, and market conditions can shift rapidly. This video is for educational purposes only and should not be considered financial advice. 📊✅
NAS100 I Potential pullback and more growth Welcome back! Let me know your thoughts in the comments!
** NAS100 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
US100 NASDAQ Technical Analysis - Where To Next?👀👉 The US100 has recently experienced a pullback, leaving traders wondering: what’s next? While the higher time frame trend remains bullish, last week’s deep retracement has carried into today. At this point, it’s a matter of waiting for the market to settle and observing how price action unfolds, particularly after the New York session. I’m leaning toward looking for a buy opportunity, but this depends on a bullish structural break—specifically, a break above the current previous high on the 4-hour timeframe. Selling isn’t part of my plan right now, as the chart and volume profile reveal strong support levels below, which are clearly highlighted in the analysis. 📊 Disclaimer: This is for educational purposes only and should not be considered financial advice. Always do your own research and trade responsibly.
NAS100USD Pattern FormationThis index has been ranging for the past few days ever since it hit its HH, forming a falling flag in the process. This is an indication of indecision in the market, if the bullish momentum will continue / a potential bearish run.
We will wait for the price to break out of the formation to know where we can enter our trades.
Bearish drop off 161.8% Fibonacci extension?NAS100 has reacted off the resistance level at the 161.8% Fibonacci extension and could drop from this level to our take profit.
Entry: 21,161.95
Why we like it:
There is a resistance level at the 161.8% Fibonacci extension.
Stop loss: 21,371.18
Why we like it:
There is a resistance level at the 61.8% Fibonacci projection.
Take profit: 20,692.20
Why we like it:
There is a pullback support level that is slightly below the 38.2% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
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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NAS100 - WHEN DO WE EXPECT THE DOWN TRENDTeam, I was roughly measuring the trend last week for NAS.
But today, I have carefully measured the position where it would be an excellent short-area
I would consider shorting around 21255-21295, with a TIGHT stop loss at 21335
Target 1 at 21136-21115
Target 2 at 21005-20985
Target 3 at 20925-20905
PLEASE NOTE, take some partial at 1st target ranges and bring stop loss to BE for further Target.
Nasdaq Short: Weak Tech & Key Data AheadTaking advantage of the current bearish momentum in the Nasdaq with a daily short setup. Recent price action reveals a double-top pattern and a significant trendline break, suggesting potential downside. As we approach critical economic data releases, volatility is expected, which could fuel further bearish movement.
Technical Analysis
• Pattern: Double-top formation, a bearish reversal signal, confirmed with a break below the neckline.
• Trendline: The long-standing upward trend has been broken, validating the bearish scenario.
• Key Resistance: $20,200 area is acting as a strong resistance zone.
• Support Levels: Initial support around $18,800 with further downside potential if broken.
Fundamentals:
The short position on Nasdaq is driven by the weak tech performance, with giants like MSFT (-6.05%) and META (-4.09%) showing declines. Rising bond yields have intensified pressure on tech stocks, indicating potential shifts in investor sentiment. Additionally, tomorrow’s key data—Non-Farm Payrolls (forecast: 113K vs. prior 254K), Unemployment Rate (expected steady at 4.1%), and ISM Manufacturing PMI (forecast: 47.6)—could further impact market outlook, with any surprises likely to influence Fed expectations and Nasdaq sentiment.
Risk Management
• Entry: Near current levels, aiming for downside momentum.
• Stop Loss: Above recent highs to protect against false breakouts.
• Target: Initial target at $18,800, with potential to extend if bearish momentum persists.
Risk Note: Given the volatility associated with these macroeconomic events, there is potential for increased fluctuations. Managing risk through stop-losses and close monitoring of data releases is essential.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Bearish Reversal Signals: Will the Price Reverse?4H Timeframe
Current Price: 20,030.9
Bearish Signals:
• Rising Wedge (Bearish Reversal)
• Ascending Broadening Wedge (Bearish Reversal)
Expect the price to test the first price target (PT), followed by the second. Resistance may trigger a bearish reversal after reaching these levels. If the price finds support, we may reach the third PT, which is at the upper trendline of the rising wedge. Then, after reaching our bullish targets, the price would likely start its bearish reversal to eventually reach 18,749.0.
Price Targets:
Bullish:
• 1st TP: 20,210.3
• 2nd TP: 20,351.4
• 3rd TP: Upper Trendline of Rising Wedge
Bearish Reversal:
• 1st TP: Broadening Wedge Lower Trendline
• 2nd TP: Lower Trendline of Rising Wedge
• 3rd TP: 18,749.0
Happy Trading!