Nasdaq 100- Rising Wedge BREAKDOWN!Attached: Nasdaq 100 CFD Daily Live Chart as of 25th April 2023
Was waiting for a quite a while for this to play out and it finally has today in the Nasdaq
Price formed a Distribution Pattern and today we are finally getting the Breakdown
MACD also in Sell Mode
13k Level is Lost and below 12800 it is a Confirmed Breakdown. This has BEARISH Implications, a Top in Place to say!
USTECH100MINICFD trade ideas
Nasdaq 100- Bull Trap, SELL!Attached: NDQ Daily Live Market Chart as of 20th March 2023
- Price has triggered a Bearish Anti Butterfly Harmonic Pattern
- Price has also broken Previous Day Low with Previous Day being a Doji Candle
- And this Sell Off today comes after a Run up which is potentially a False Breakout from a Bull Flag
- The saying goes like, "From False Moves come Fast Moves in the Opposite Direction"
- The Divergence between S&P 500 and Nasdaq looks like Nasdaq will resolve on the Downside to align with the S&P 500
Plan of Action:
Price Holding below 12680
has a Downside📉 Target🎯 open to:
T1= 11830 to 11700
T2= 11250 to 11100
Nasdaq 100- Double TOP!Attached: Nasdaq 100 Daily Live Price Chart as of 28th March 2023
Pretty Straightforward Chart:
- Price rejects for the 2nd time at 0.382 Fib, this is a Double TOP Sell Signal
- Elliot Wave Count shows Corrective Bounce complete in form of WXYXZ with C wave of Z being an Ending Expanding Diagonal
- Price puts in a Higher High but RSI puts in a Lower High, aka Divergence
Holding below the round figure level of 13000,
the Nasdaq (NDQ) is a SHORT
for a Downside Target= 11700 & below...
nasdaq republishing Nasdaq weekly idea posted on 13th when nifty was all in red, just showing weekly lines of my published NASDAQ idea dtd. 13.03.2023
even in Nas group, everybody was ready with short, price followed the weekly lines perfectly
even in Dax group everybody was ready to short price pulled back from weekly inside candle
as already discussed in my idea " situations when price makes a sharp upward movement"
Nasdaq 100 weekPublishing my idea about nasdaq 100 using weekly time frame, this is the same chart published earlier with some addition,
as u are aware that i use light blue lines / zones for weekly time frame
when everyone is fearing of a big fall, price took support at my weekly line and started rocketing upward,
so it is helpful to remain unbiased , well always range for any opposite move
same case was with dax, it was not able to break its weekly inside candle and shoots up