NASDAQ 100 Drops! Short Trade Confirmed, Eyeing First TargetThe NASDAQ 100 has confirmed a short trade with a strong bearish move below the entry at 20263.46. The price is progressing towards the first profit target (TP1), though it has not yet been reached.
Key Levels
Entry: 20263.46 – The short position was confirmed as the price broke below this level, signaling bearish momentum.
Stop-Loss (SL): 20378.68 – Placed above the recent resistance to protect against potential upside reversals.
Take Profit 1 (TP1): 20121.04 – The first target, not yet reached, but in close proximity as the downward trend continues.
Take Profit 2 (TP2): 19890.59 – The next target in case of continued bearish pressure.
Take Profit 3 (TP3): 19660.15 – A further downside target, aligning with the next support zone.
Take Profit 4 (TP4): 19517.73 – The ultimate profit target, marking a significant decline.
Trend Analysis
The price has broken below the Risological Dotted trendline, confirming strong bearish sentiment. The market is likely to move toward TP1 if the selling pressure continues. The downward momentum suggests further potential to reach deeper profit targets.
The NASDAQ 100 short trade is progressing well after confirmation, with TP1 at 20121.04 in sight. If the bearish trend holds, further downside targets are expected to be reached.
Nasdaqanalysis
Nasdaq Ready to Fall==>-5%_-10%The Nasdaq Index started to rise with the help of the " Long Island " upward continuation pattern and made the New All-Time High(ATH) .
The Nasdaq Index is currently near the upper line of the Ascending Channel and has succeeded in breaking the Uptrend line .
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect the Nasdaq index to fall at least to the Support zone($71.41-$69.18) =🚨 -5% 🚨, and if the support area breaks, we should wait for this index to fall to the Lower line of the ascending channel = 🚨 -10% 🚨 .
Nasdaq Index Analyze (NDAQUSD), Daily frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
US Nas 100 another month drop?Hey traders
We have US Nas 100 here, nas is looking to sell down still for another month id say, so I will be looking to take a sell position on nas to take to the demand zone I have marked off on chart, I will update accordingly and will only be placing a buy limit if my trading criteria is met.
Would be great if you could leave a comment or liked and followed cheers.
This chart material is for educational purposes only / Demo account should be traded only.
Nasdaq - Here we finally go!TVC:NDQ is finally rejecting the resistance and creating the anticipated bearish correction.
Let me just put it that way: The correction was 100% anticipated and you can definitely then trade accordingly. Just a couple of weeks ago the Nasdaq retested a resistance which has been pushing price lower for 14 years - a correction was very likely. So far the Nasdaq is dropping significantly but I don't think that the current correction will actually be over soon...
Levels to watch: $16.000
Keep your long term vision,
Philip - BasicTrading
NASDAQ thoughts 28-Aug-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 action 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 thoughts 27-AUG-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 action 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 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
Nasdaq - (Bullish) Clarity in two days!TVC:NDQ is now retesting a very important inflection level and maybe attempting a breakout.
Parabolic rise or -20% correction over the next couple of months. So far there is a lot of uncertainty as to whether the Nasdaq will manage to break above the current resistance trendline. We simply have to wait for this monthly candle closure as well as the monthly candle closure of July until we can make a clear prediction. So far, everything is still possible!
Levels to watch: $20.000, $16.000
Keep your long term vision,
Philip - BasicTrading
NASDAQ - UniverseMetta - Analysis#NASDAQ - UniverseMetta - Analysis
On D1, the price can potentially form a 3-wave structure; with this implementation, it will be possible to see a global correction after a strong growth. Globally, the targets will be at levels 19350 - 18550
On H4, for confirmation, you can wait for the formation of a 3-wave structure with a retest of the trend line, and consider selling with little risk. Local levels 19594 - 19080. In this case, it is better not to take increased risks, since a potential correction of the asset is being traded.
Target 19443 - 19303 - 19080
NASDAQ - UniverseMetta - Analysis#NASDAQ - UniverseMetta - Analysis
On D1, the price after the correction may form a continuation of the upward movement with an update of the ATH. The correction was less than 40%, which may also, against a news background, allow the price to once again go down to the level of 19455.
On H4, for confirmation, you can wait for the formation of a 3-wave structure along the trend and consider buying. You should be careful if an ABC structure is formed, and the price can make a false breakout. In this case, it is better not to increase the risks.
Target 19894 - 20039 - 20387
NASDAQ ANALYSISChart : 1Hour
Overall Trend : Bullish
Current Market Structure : Uptrend
Scenario 1 :
Market continues to create new all time highs . Market is currently ranging will wait for a break above or below our consolidation area for use to see if we are due for a pull back or will price continue towards the upside . Creating new highs
Nasdaq - Soon heading to $30.000?Hello Traders and Investors, today I will take a look at the Nasdaq .
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Explanation of my video analysis:
For more than a decade, the Nasdaq index has been trading in a rising channel formation with the last retest of the support trendline being back in the end of 2022. At the moment, Nasdaq is retesting the upper resistance trendline and if we actually see a breakout over the next 2 months, we might see a similar rally of +50% compared to the one which we saw back in 2020.
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Keep your long term vision,
Philip (BasicTrading)