NDQ trade ideas
December 21 NASDAQ US100 Chart Analysis
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I will begin NASDAQ ZeroMarket US100 Chart Analysis for December 21th .
This is a 30-minute chart long position strategy.
Pay attention to the triangle convergence section of the red support line / green resistance line.
*Arrow movement path
Short -> Long -> Short Strategy
*Blue finger
Long position strategy.
I have marked each major section.
Arrow movement path,
Pay attention to the whip saw.
This is a condition that does not break away from the maximum and green support lines.
Thank you.
BULL FLAG - LONGPair is likely to be forming a bull flag pattern. Hence will wait for the go to setup to form before entring the trade.
Bias is to go LONG.
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Especial thanks to all those who DM me and commented on my analysis wanting to know more about the trade.
BULL FLAG - LONGPrice has reversed after forming a falling wedge pattern.
And now its formed a bull flag pattern.
Waiting for the GO-TO-SETUP to form before entering the trade.
Please note
Just knowing the next expected move is not enough to be profitable in the long term.
You need to know when to add more multiple calculated positions and also effectively manage the trade.
Remember my minimum risk:reward must be 1:3 or higher.
So you cannot cut the winning trade too early and you cannot turn a winning trade to a breakeven/loosing trade.
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Nasdaq | Analysis for Dec Series NDX is showing first signs of profit booking currently. Driven by hopes of vaccine , it has shot up significantly but unable to cross the resistance of 12200-12400. This will only cross by significant economic boost or positive bottom line impact from top firms. In this case it can blast off 200-400 points from current levels before consolidating.
In case it fails to break this in the short term, it will nosedive to test the support levels marked in chart.
1st Support level : 11650
2nd Support level : 11000
3rd Support level : 10700
Considering the move in the recent weeks, it is very likely NDX will create higher lows and would be a great point of long entries.
Contra traders can hedge and trade the short side as well.
Nasdaq 100 - Triangle pattern and breakPrice forming triangle pattern and presently it is about to break the pattern which can be confirmed by the EOD candlestick, which is closed above the resistance. In the coming weak pattern top will be the target after little consolidation it will move further up or else if bulls or strong without consolidation the price will move up big.
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this is a 05/11/2020 Nasdaq analysis.expect price to either fall a little or continues up by breaking that bearish trend
NDX analysis - Triangle patternPrice forming a triangle pattern and currently it is rejecting from the top of the trend line and falling towards the bottom trend line. It is good to enter long when price reaches the trend line bottom with small stop loss or wait for the reversal confirmation and go long.
NASDAQ INDEX- HEAD & SHOULDER PATTERN Not a trading call. Purely for Educational Purpose. Consult Financial Advisor before taking any trades.
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Pattern Name-Head & Shoulder
The pattern forming right at the top- What does indicates? Question - Market Participants Need to Ask Themselves
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If the pattern is correct - the target is the vertical distance from the head top to the neckline
THE BIG FIVE...CORRELATIONOCT. 7 and OCT. 19. (in purple)
NASDAQ : USDYEN : EURUSD : DXY : SILVER
These BIG FIVE have consistent direct and inverse relationships with each other
(for example: the USDYEN predicts the movement of the US-indices)
AND on these two(2) dates their EW-WAVES area ALL lining up.
According to my count which has been unfolding since last Friday
NASDAQ-100 Election or NOTThese are my thoughts on the NASDAQ
Double correction into WAVE 5
WAVE 5 will reach the 100 FIB by chance around the time of the Election
It doesn't matter who wins, the NASDAQ will head lower for a deeper
RUNNING FLAT correction of the March 3rd LOWS
