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IXIC trade ideas

NASDAQ COMPOSITE INDEX DAILY CHART GANN ANALYSIS 15 AUGUST 2024.Nasdaq Composite Index made a swing low at 15222.78 on 19 April 2024. From that low we had cycle target at 17125.63 which was achieved on 05 June 2024 with a gap up. earlier we made a high at 17022.66 on 28 May 2024 and then we retraced to important level of 16490.18 on 31 May 2024. We see the next cycle birthzone level was crossed again with a gap up on 12 June 2024 and it was again retested on 24 June 2024 with intermediate high at 17650.69 on 20 June 2024 which was a double top with earlier top at 17636.36 on 17 June 2024. The second cycle target comes at 18790.62. Till date we have achieved a high of 18671.07 on 11 July 2024. We saw a good correction till 15698.49 on 05 August 2024 an Gann date. Again we have achieved the first cycle level target again at 17125.63 which was earlier achieved on 05 June 2024.We may see momentum above 17601.34 and we have supports at 16887.77. Short term traders can watch this levels for further clues on the index. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NASDAQ:IXIC
by kbr9121965
7
NASDAQ COMPOSITE INDEX WEEKLY GANN ANALYSIS FOR MAY 2024Nasdaq Composite Index had made an important swing bottom in the week of 10 Oct 2022 at 10088.83. As per monthly time cycle Sept 2022 was important we were off by two weeks. The level os 10000 was psychological support which was protected. Next target on it was Gann 50% Rule at 15000. This was attempted by it with a high of 14446.55 and 14370.91 at 50% time on the weekly time cycle at the fag end of July 2023. Thereafter we corrected for 12 weeks to make a low of 12543.86 on 23 Oct 2023 weekly candle. This was again 50% rule applied of the 50% rise given by the index. So from here we expected another 50% growth on price with targets of 17500.We have a recent high at 16797.83 on the last weekly candle. next week is important timewise and the figure of 17000 is important and 17500 is more important for the Nasdaq Composite. Let's see where we hit on the time cycle. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NASDAQ:IXIC
by kbr9121965
NASDAQ COMPOSITE INDEX (IXIC) 14524.07 (+0.09%) Nasdaq Composite Index has seen some profit booking in last 2 weeks. Recent high at 15150.07 was not sustained with 15151 as mirror number ( I am always fascinated with such numbers). Incidentally the level of 75% of the range saw profit booking which was 14681.38. We need to sustain above this level to see further growth on the index.Supports at 14167.01 and 13915.95 as seen on chart. First warning on weekly candle was a small body candle with big tail on upside and small tail on lower side. Always watch small body candles at the top or bottom of the range they can be useful to get momentum candles in the vicinity of them. Now observe the net weekly big bodied red candle with a gap down showing reversal on downside.Watch earlier swing high at 14446.55 for further clues. Again watch mirror image number at 14441 level. We have had a 9 weeks run up on the inde. We are 2 weeks down. Next week will be important if we expand on downside or remain within 2 weeks range. Happy Trading !!!
NASDAQ:IXIC
by kbr9121965
Nasdaq in complex correctionNASDAQ:IXIC I think Nasdaq composite is in XX Wave right now. No one can predict this wave how long it will be what kind of structure will unfold in this structure. Two Possibilities: - 1] It's in control range within main range. where price retest at resistance of control range. So, maybe price will go near 13500/- for retest and then go up near 13800/- After 13800/- price will go below 13000/- for completion of Wave Z. 2] Price will go straight from here to 13800 and then will go near 13000/- for completion of Wave Z.
TVC:IXIC
by swaaapnil