Breakdown Reversal Alert at $11294Resolution - 4 Hours
Probable Fake Breakdown Reversal Alert.
One can plan an entry at the current price, with a stop loss of around $11040.
Target - Open (or trail with 50DEMA, since it has reclaimed it today)
NAS100 trade ideas
Nasdaq fall & the road aheadOn Sep 4, 2020, the first day after massive fall, Nasdaq touched the lows of 11,146 (5.3% low from the previous day closing), the low price however faced rejection and market closed at 11,622.10, down by 1.27%. The close was at the support line connecting the pre-COVID fall highs on Feb 19 with the lows of Aug 21 (Shown as B line in charts). Traders and analysts were eagerly waiting to see the next move after a long weekend due to the Labour Day holiday. This was because even after heavy fall on Sep 3, upward channel formed since March 23 was still seen intact and there was lower price rejection observed immediately after the day of fall, making revival hopes alive.
On Sep 8, Nasdaq broke the above support line at opening itself, it also broke the next most crucial support line of upward channel formed since March 23. (shown as A - green line). This closing can be seen even more negative as there was clear price rejection at upper level, leaving the only solace that it closed just above DMA50 levels of 11,066.20, which now remains its immediate support point. The key challenge is re-entry in upward channel i.e to close above 11,366 (level for Sep 9). On downside around 10,850 is the next support level which is also the lows of Aug 2020 (shown as Line C), followed by 10,485 at line D.
Fibonacci level of 61.8% stands at 10,274 and 50% retracement level is at 9605 (line F) which has played support and resistance at multiple occasions in the past and is also crucial point of pre COVID fall.
- Rajesh Ramchandani
NDX will continue its raisingNDX will raise up to 12.075 and maybe 12.180 without any signs of weakness.
After reaching these levels, there may be a chance of a correction.
NAS100USD-- 4Hr's Wolfe Wave Chance ♦ Hello Traders
We Have Wolfe Wave Here And We Can Sell From This Area >> Target And Sl On Chart
NDX Short I hope you can now see how NDX represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Example presented in these chart is for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NDX Short I hope you can now see how NDX represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Example presented in these chart is for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Bear Flag - SellNASDAQ has clearly done mass psychology and got everybody at the wrong side of the market making people think it is going to continue long.
But the pattern it formed was a rising wedge pattern which was clearly a reversal in trend.
Now price has formed a bear flag pattern hence looking to enter short
Nasdaq looks weakGlobal markets are looking weak. Expecting Nasdaq to fall by 1000 points, can touch 9450.
Happy Trading, Stay safe
Nasdaq...Where will the bullet train stop ?Last Close : 10854.8
For the week 13-17 July 2020
Any pull back near 10661 will be bought into.
Targets for bulls i have marked in the chart.
Below 10538... Bears will be in control
Will review this again in the next week.
Like... Share.. Follow... Stay tuned.
NASDAQ at critical pointBASDAQ is at a critical point. Its facing strong resistance at 11000-11050. If that is crossed it will show a good break out. If it doesnot work in that way we might se Basdaq falling back to 7000 in the form of arc. And this will guide all the markets worldwide. Lets see how it works.
NASDAQ ENCODED analysislikely to reach the target
will hold there..
each line has its own calculations
do mark and trade
Nas100 no trade until it comes back to the areaNas100 has broken the all time high, and now currently in consolidation, If this bad boy comes back to the region then the probability is that its gonna shoot up again. Keep your eyes on this one too!!
NAS100 Breaks all time high, new sell region will be createdNas100 has broken all time high, this is a really highly volatile!! New level of sell region will be created, lets see where
