Nasdaqlong
NASDAQ to fall more or recover now?Nasdaq broke previous support and made new lows. Will it recover from here? Will it make new lows? Will it completely crash out?
Well in any case, we would be looking to buy it all the way back to the ATH. Why? Because NASDAQ is in an Uptrend on the monthly and Stonks only goes up.
Personally, I'm waiting for a sellers trao to form, who will sell either at the retest of the trendline or the retest of the broken support. My entry will be after the corrective pattern is broken out as well. This will be a low risk high reward trade I'm not looking at missing any time soon.
NASDAQ100/US100 LONG daily daily breakdown for the overall bull we've been on. finding stable demand and long. don't get caught up in the daily' temporal reversal mania and shorting into demand. Shorting is advisable on a short term if price closes significantly lower than today' open.
NASDAQ - Tracking Minor Waves - Long Trade UpdateTo be honest with you I have not looked at the trade until now when someone told me about a drop.
All this does is really make me think how far up this is going to go. I will update you shortly if the target has changed. This could be going a lot higher.
Looking at this now I just see a C Wave in an expanded Green Wave 2 correction. The trade remains in place.
Stop: 9508
Was this move designed to knock you out of the trade, probably.
Let's see what happens from here.
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NASDAQ - Tracking Minor Waves - Some Tricky D Wave DudMy thinking on the previous related idea (see below) was that the previous high (marked in red) was the D Wave followed by the E Wave.
Due to some weird choppy waves this morning the D Wave identification was wrong.
A break of 9594 should confirm that Blue Wave 2 in this (C) Wave is done.
I always look for that V shaped recovery when E wave is complete.
When E Waves are confirmed, the stop goes at the end of E Wave.
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NASDAQ - Bullish Scenario - Let's Play Devils AdvocateIn line with my Dow bullish scenario here is the Nasdaq version.
A break of the magenta line will confirm Blue Wave 3 in progress for Wave (C) of Wave D.
Entry: 9614
Target: 11154
Stop: 9372
A break of 9757 is further confirmation of this bullish scenario.
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NASDAQ | Bullish momentum but until when?- In the 1h timeframe we are able to see a clear bullish movement with increasing tops and bottoms.
- Price is above SMA50 and SMA200.
- Volume: In every consolidation so far we see a small depression but every time when the bullish trend has begun, volume has increased as well.
- Strong support zone at 7750 and strong resistance zone at 7870-7900. The next big challenge for NAS100 is to break the significant resistance at 7990.
Nasdaq - why I wouldn't buy hereAs can be seen on chart Gaussian alligator can be seen to be opening bearishly on the weekly chart, with a possible rejection at the top of the ichimoku cloud, it may seem bullish at the moment but in fact this is very bearish. Short at your own risk, big players tend to take out shorts.
NAS100 Next Move PredictionThe long awaited drop finally came into play last night, after a long day of a choppy market and trading side ways, we have finally gone bak to test the major support on 916X Region, which has faired pretty well.
Confluences taken into consideration
1) EMA Currently above current market price.
2) Shooting Star on daily time frame.
3) Multiple Trend lines aligning, creating paramaters to work within
NAS respecting the ascending trend line, i predict a further drop past the current current support and a potential long swing.
The only concern with regards to news, which might push it further down is regarding the Coronavirus which is now widespread and have investors on their tip toes.