Looking for possible short on NASDAQ NAS100Breakout of Rising Wedge, Must look for price action before going long from 13200 area
US100 trade ideas
nasdaq dailyNASDAQ
For traders and near term traders,
support of 13782 is critical.
For traders a fall and close below 13782 can lead to a false breakout story.
For positive momentum to maintain,
Nasdaq must remain above 13782 and expect rise towards 14901.
Even if correction is witnessed below 13782.,
It will create a higher bottom agains the earlier swing bottom of 12627.
As per monthly chart, Nasdaq has the tendency to move higher with intra-month volatility correction.
But if higher low and higher high on monthly is witnessed then rally continues with momentum on monthly.
NASDAQNASDAQ 100
The last major bottom on monthly chart was in October 2008.
Since then Nasdaq has been moving higher with
higher top and higher bottom formation.
Every correction has made a higher bottom.
Even the last correction of March 2020 was just a minor correction
in overall up trend.
Once again a peak of 13879 has been crossed.
The month is not yet complete but current situation is of breakout above 13879.
The high till now is 14045.
If sustains above 14045 then expect rise to 14901 and 16559 which are fibonnaci retracement of the fall fron 13879 to 12208.
The indicators in trading form of observation does help.
On the monthly chart, RSI >55 has been an up trend and reversal can be seen whenever RSI <45.
The same has not yet been witnessed as correction of RSI <55 and > 45 can be looked at as opportunity for accumulation whenever the opportunity arises.
Hold long and ride the run with ETF.
Accumulate whenever normal trading RSI on daily chart hits oversold.
Accumulate via ETF route whenever such opportunity arises.
Nasdaq 100 - NDX - Head and Shoulder Price formed head and shoulder and breaks the trend line, if conservative wait for the retest and enter long. Aggressive traders would have went long well before.
nasdaqNasdaq
Let see how the resistance gap is tested and crossed.
If the breakout above the gap is sucessful then expect rise to test
extended to the upper channel line and the peak.
Attempt to test the gap could be tested.
NASDAQ Extends againAfter a 3 wave correction the nasdaq composite managed to move up in what even I thought maybe 3 corrective. But maybe it is a leading diagonal and that changes everything. We have extensions long term and a new impulse wave up in wave 3 of 3 started for the Nasdaq. Then it changes the entire perspective for stocks. Bullish gaps as of now typical with 3rd waves
Bullish signs on Nasdaq !Bullish signs on Nasdaq !
i m bullish on nasdaq ! which will impact on nifty also.
US100 broken out of the triangle and achieved targetProvided analysis on the chart and it worked like a charm
Your Basic Heads & ShouldersAccording to my market analysis there could be a huge chance for heads and shoulders pattern
Good Buy from 13780 ! Everyone should grab thisUSTEC is going to good buy as it crossed the high and already gone 40 points up!
It is recommended to update trailing SL to get maximum profits.
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NASDAQ Alternate Elliott Wave analysis - 2Om Namah Shivay
Trying an alternate count fitting to NASDAQ Index Wave analysis.
This is for educational purpose only. There are no trading suggestions.
Om Namah Shivay
NASDAQ Alternate Elliott Wave analysisOm Namah Shivay
Trying an alternate count fitting to NASDAQ Index Wave analysis.
This is for educational purpose only. There are no trading suggestions.
Om Namah Shivay
