2022 wasn't kind to NASDAQ, starting at 16500 and then dropping to a low of 10440, which is a big 36% fall. But the first half of 2023 flipped the script with a solid rally almost back to 16000. This 6-month climb cooled off into a phase where the prices have been moving sideways, forming what looks like a bull flag.
However, with the current unsettling situation...
Hey traders, here is the analysis for the NAS100U. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
🔴Nasdaq broken 20 DEMA with VolexP. Resistance near 15620.
🔴Currently trading lower end of the rising channel. Breakdown
🔴Once 15000 is taken away by bears, it can do trend reversal.
Any sound including my voice is a distraction for traders This silent video explains in silent mode how one could traded a short using 15 mts t/f Pl give your feedback and comments
Hello to all,
The chart is of Nasdaq on weekly time frame.
I think, it just have completed wave B and wave C to the downside is already started or
may be very soon to start.
But overall view is bearish for long term.
The probably targets might be 9600 if it does A=C.
It may get little more to the down that we can see later as wave get developed at that...
There are 2 possibilities seen in the chart.
1. The price can complete the rounding top pattern.
2. The price can move up to fill the gaps in has created.
In case if it falls, where it will take support? 15000 - 15050.
If it moves up, the gaps at 15320, 15480 will be filled.
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US100 has created a lower low below 14976 on 6th July, in an continuing uptrend and now retested the fib. retracement level before reversing and start a DOWNTREND. Thus, prepare yourself in advance and maintain your positions tight. Good Luck
When there are multiple POI zone in one leg always marked two zone for trade one is dececional
other is Extreme.
between these zone all are trap 80% of time so dont go for it.
nasdaq fails 1st POI zone gives some reaction then failed .
now wait for extreme.
thank you.
NASDAQ Bottom formation complete - uptrend Resumes based on the daily charts.
Expecting some good move in NASDAQ in coming months helping Global Markets to outperform.
Looking this charts it's like medium term double top, highly risky for indian it industry my first target is 13700 if it sustainable and reverse then ok but if not then no one save indian it industry for atlist 1 to 3 year's
nadadq 100 has a good support at 14691 a possible rebound is expected however breaking of this support would mean a strong bearish trend but the odds for this is quite low
