Dow Futures Trading Strategy for 15th November 2024Dow Futures Trading Strategy
Current Price: 43888
Key Trading Levels:
Buy Signal: Close above 44,225 on the one-hour candle
Sell Signal: Close below 43,800 on the one-hour candle
Strategy Overview:
Buy Strategy:
Trigger Level: 44,225
Action: Enter long positions
Profit Booking: Regular intervals or use a trailing stop loss
Target Levels: 44,400 and 44,500
Sell Strategy:
Trigger Level: 43,800
Action: Enter short positions
Profit Booking: Regular intervals or use a trailing stop loss
Target Levels: 43,600 and 43,500
Market Insights:
The price is currently at 43888.
Key support and resistance levels to watch are between 43,800 to 44,200.
Disclaimer: This analysis is for educational purposes only. Please conduct your own analysis before making any trading decisions.
Nasdaq100
Dow Futures Trading Strategy 12th November 2024Dow Futures Trading Strategy: Buy Above 44,475 / Sell Below 44,260
Current Price: 44,388.00 USD
Key Levels:
Buy Signal: If the price closes above 44,475 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying.
Sell Signal: If the price closes below 44,260 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling.
Market Analysis:
The current price is hovering around 44,388.00 USD, just below the buy signal level.
The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 44,300 to 44,400 levels, which could act as support or resistance.
Recommendations:
Buy: If the price sustains above 44,475 on the one-hour candle close, consider entering long positions with targets at 44,600 and 44,700.
Sell: If the price breaks below 44,260 on the one-hour candle close, consider short positions with targets at 44,100 and 44,000.
Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NASDAQ Bank AnalysisNasdaq Bank experienced a Breakout after 7 months of Sideways movement and reached the top of the Trendline. The market has now returned to the Breakout point, retesting the Sideways range or the 0.6 Fibonacci Retracement level. A Triangle Pattern is forming, and if the Uptrend continues, the target is R1. If the market closes above R1, it is likely to move toward the top of the Trendline.
US 100 Nasdaq Trade Idea Setup - The US 100 looks better to me when compared to the US 30 or Dow
- Nasdaq can keep outperforming so your bias should be bullish
- The focus here shouldn't be to keep shorting every top you see
- Rather focus on deep retracements and make sure the structure doesn't change
- Refine your charts on a shorter timeframe and make sure you see a strong base everywhere
S&P 500 LOOKING BEARISH S&p 500 index currently trading near its all time high, and perfectly made the evening star pattern at this strong resistance, looking positionally bearish.
Note :- Not any recommendation, just sharing my view for the s&p 500 index.
Do follow for more market updates.
#globalmarkets #s&p500
Nasdaq/ US 100 Swing Short Trade Setup- Nasdaq followed the plan lately but it did after breaching its previous high
- The trend looks faded and I personally am aiming for a strong retracement
- Without a strong retracement I don't think except for scalps there is a point longing anything without a strong reasoning.
- If you are holding shorts then make sure you are prepared for a retracement upside and post that you add more size if you feel like.
NASDAQThe NASDAQ appears to be following Elliott Wave Theory, where it's currently situated in what's projected to be Wave 5 of Primary Degree. Within this wave, it's believed to be in Wave 3, which typically signifies a strong upward movement in prices we are seeing now.
This suggests that we may see a bit more upward momentum in the NASDAQ before a correction phase begins. The expected correction is anticipated to be quite substantial, potentially leading to a range of 13,000 to 12,500. This correction would encompass the entire Primary Degree, marking a significant and extended market trend reversal.
Gold or Nasdaq: What to Short this Week? Gold or Nasdaq: What to Short this Week?
For Gold (XAU/USD), the 4-hour chart suggests a neutral-to-bearish stance. While the pair is currently above its moving averages, the 50-day moving average is closely trailing its price. The Relative Strength Index (RSI) is dropping towards a neutral level, indicating a potential pause in buyer activity. If Gold drops below $1,945, there is a risk of prices descending further and retesting their previous lows or the 200-Day Simple Moving Average (SMA) around $1,941.
The deciding factor for Gold this week will likely be the US jobs data. The Non-Farm Payroll (NFP) report on Friday is a significant event, and the precursor jobs data (JOLTS Job report on Tuesday) could also sway traders. The market expects the NFP to show 190K jobs added, more than double the natural US growth rate. A strong jobs figure could influence traders' anticipation of the Federal Reserve's interest rate decision and impact the downside outlook for Gold.
On the other hand, Nasdaq and other major US indices are expected to end July with gains. The Dow Jones has particularly shown impressive growth over the past two weeks. The outperformance of the Dow Jones suggests a possible shift by investors from growth stocks (such as Nasdaq stocks) to value stocks.
Looking at the daily chart, the Nasdaq Composite is now targeting a key resistance level at 14,649. However, there is a possibility of aggressive seller response at that level. On the 4-hour chart, a divergence with the MACD indicates weakening momentum, which is often followed by pullbacks.
Earnings reports from major tech companies, Apple and Amazon, will be crucial for Nasdaq this week. These two giants represent 11.6% of the entire Nasdaq index measured by market cap. Better-than-expected US earnings could potentially prolong the bull run in the market.
Bearish Harmonics In NasdaqBearish Shark
Sell PRZ - 14625/14791
SL - 15275
Target - 13125/12600
If Breaks 15275
Bearish Alt Shark
Sell PRZ - 15765/15826
SL - 16400
Target - 13765/13100
Expecting a breakout in PINS very soonWell let me tell you @Maddy50 frankly chart is not looking that much attractive but it is just making zigzag pattern in a bullish range. But still if you see breakout in it then it could be a best buy for upside and we can see PINS towards 37/40+ levels in coming months. But we should wait for breakout. Or one another trade can be executed at lower levels somewhere 25 levels if you get,,,but take entry only with strict stop loss which i have marked on chart.
Note:-Wait for breakout to get a best entry.
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Thankyou:))
Google Cup & Handle Pattern Google has formed Cup Handle Pattern on daily timeframe chart. This is bullish pattern, we can take swing trade here.
Entry:
We can go Long after close of bullish candle above the resistance zone as marked on chart.
Target:
Usually for Cup & Handle Pattern target is equal to the depth of cup, we are going to keep the target near the next resistance zone.
Stoploss:
We can keep the stoploss below the resistance zone.
Nasdaq 100- Bull Trap, SELL!Attached: NDQ Daily Live Market Chart as of 20th March 2023
- Price has triggered a Bearish Anti Butterfly Harmonic Pattern
- Price has also broken Previous Day Low with Previous Day being a Doji Candle
- And this Sell Off today comes after a Run up which is potentially a False Breakout from a Bull Flag
- The saying goes like, "From False Moves come Fast Moves in the Opposite Direction"
- The Divergence between S&P 500 and Nasdaq looks like Nasdaq will resolve on the Downside to align with the S&P 500
Plan of Action:
Price Holding below 12680
has a Downside📉 Target🎯 open to:
T1= 11830 to 11700
T2= 11250 to 11100
time to take your bets on nasdaq NASDAQ:NDX
my first target is 12800
fourth down move completed on daily need confirmation on weekly time frame rsi bullish on daily so i will be buying any pullback on nasdaq
the whole down move was a correction if this level holds (retracement ) level marked on the chart and if all pieces of puzzles are put correctly 20000 on nasdaq is not very difficult only condition the level of the 10440 should not break