Ndaqheres what i'm seeing from an uptrend channel and a wedge perspective. i'll play whatever direction it gives me, (bull v bear) but it's lookin like a stalactite rn...play ur way
NASDAQ.USD.100.IFD trade ideas
real bear attack will begin on break of rising wedge .break of this rising wedge will ensure the major correction in tech stocks .
NAS100!! I want to mention that NAS100 together with GOLD have the highest accuracy in my analyzes in the last 6 months
As I said last weeks...as I appreciated last week NAS has started a retracement move ... and even if it goes down a bit around 13140 I will keep looking for BUY!
I will give BUY directly and in case of a closure over 13975 for at least 1 day
...as I appreciated last week ... NAS 100 went down and tested the 13140 area from where it rejected very strongly from the Fibonacci 618 area!
this week, even if maybe that area will be tested once again, I think it will go up again to area 13853 and from there even higher ....
...as I appreciated NASA100 rejected strongly from the area fibonacci 618 and climbed again strong! my target for the next period is still 13853 and from there ... with a little retracement I think the NAS will continue to climb!
THIS WEEK ... NAS100 has reached and even exceeded the historical maximum as I said in recent weeks ....
from this area I think he will retest the 13850 area once again and after ... he will look for new limits!
Any shutdown even for 1 day over 14120 ... will open a new black hole for the NAS100
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*This information is not a Financial Advice.
Nas100This is not a investment advices, the overall stocks in bullish and the expecting the rising wedge..
Looking for possible short on NASDAQ NAS100Breakout of Rising Wedge, Must look for price action before going long from 13200 area
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
