Nasdaqidea
Dow analysis for the week starting 29th july 2024.Dow on daily chart looks bearish. Sell on close below 39800.
On one hour chart it is bullish but being resisted at 40750 levels.
for Monday
Buy above 40775 . book profit at 50/100 points depending on your risk reward levels or trail with stop loss.
Sell on close of one hour candle below 40370 .
Ramakrishnan
Nas100 Short TradeNasdaq has been Diverging on the Daily MACD since January 26th. Momentum is finally signaling towards the down side. Failing to make Higher Highs on the 4 Hour Time Frame, rejecting perfectly off of the upper Trend Line. Confirming that there is a Trend Change coming. Stop Loss placed above the Trend Line at 18092.26.
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.
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
NASDAQ COMPOSITE (Signals) [June 14]IXIC to the Ground
IXIC is making a Momentum to maintain the Volatility
Candle Stick patterns shows that there are more buyers in the market. Large Body Candles.
There are some levels marked in the chart.
These levels are considered as Pivot Points and S&R.
14,072 and 14,009 and 14,016 and 14,048. The Crucial Levels for June 14 mark it on your chart.
The Overall Strength is Bearish.
Expecting a +17 Points Up from the Opening and -39 Points Down from +17 Points.
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