Nasdaq showing strong sell signalsAccording to well known Ichimoku trading system NASDAQ index is showing strong sell signals. A correction is awaited.
Signal 1: Price crossed below Kumo cloud.
Signal 2: Ichimoku conversion line crossed below Ichimoku baseline, Also both of them are pointing in a downward direction.
Signal 3: Future Kumo: senkou span A is below senkou span b and both of them are pointing downwards indicating strong downward movement.
Signal 4: Chikou span is below the price and in open space indicating free downward movement, without any hurdles.
Trade ideas
NDX, Dr Andrews would be proudI do not track this scrip:NASDAQ but I just wanted to take a look after the recent big gap down and it surprised me how well it seems to be following the basic pitchfork trading theory
The points mentioned on the chart correspond to the following rules:
(0) prices at any point will gravitate towards the median line
(i) price after reaching the median line will reverse OR (ii) zoom with big candles/GAP through the median line
(iii) price will reverse from the lower and upper parallel (support/resistance lines) towards the median line until it doesn't. At some point price will go outside the pitchfork's boundary lines(the prongs), at which point the trend character may be said to be changing.
Nasdaq Next Target ??Now as per Dynamic Square of Nine
We are expecting 15750 - 15800 Target
Mostly We Expect Before Oct 15
NASDAQ | SHORT IDEANasdaq may face resistance at the upper trend line and one can take the sell Trade in that zone for lower targets.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NAS100!! I want to mention that NAS100 together with GOLD have the highest accuracy in my analyzes in the last 6 months
As I said last weeks...as I told you last week NAS has surpassed the highest position it has ever reached and no one knows how high it can reach ...
I will continue to bet on BUY until the first closing even for 1 day under 14120 ...
THIS WEEK ... as I said in the last weeks NAS100 closed over 14120 and climbed to an all-time high!
here I predict a range between 14400 and 15300 ... any closing even for 1 day above these values will give the trend of the next period
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice
CTS - #NAS100Disclaimer
This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual.
The author of the analysis specifically disclaims any responsibility for any personal or other loss or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this analysis.
NAS100!! I want to mention that NAS100 together with GOLD have the highest accuracy in my analyzes in the last 6 months
As I said last weeks...as I told you last week NAS has surpassed the highest position it has ever reached and no one knows how high it can reach ...
I will continue to bet on BUY until the first closing even for 1 day under 14120 ...
THIS WEEK ... I will continue on my idea from last week and I will continue to bet on BUY until the first closing even for 1 day under 14120!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.






















