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Nasdaq -> Short Squeeze ComingHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Nas100 just recently perfectly broke above and with last week's candle already retested and rejected a quite obvious previous weekly resistance area at the HKEX:12 ,800 level. You can also see that as we are speaking, Nas100 is approaching the next major weekly structure area at the HKEX:13 ,600 level which was acting as quite strong resistance in the past, so from a weekly perspective I am now just waiting for another rally to retest the next resistance before I then do expect a short term correction towards the downside. On the daily timeframe you can see that with Friday's candle, the Nasdaq perfectly broke and closed above a previous daily resistance area at the HKEX:13 ,100 level - all of this previous resistance is now turned support so I am just waiting for a retest and bullish confirmation before I then do expect another impulse towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
PEPPERSTONE:NAS100Long
by basictradingtv
35
DXY - US Dollar should riseWe've just had a decent pullback and now we could get the bounce. The US fiscal flows have gone into surplus. What does that mean? It means the US Treasury is taking more out of the system than they put in. This means they are taxing more than they are spending. When a government taxes they destroy the currency. This means there are fewer dollars in the system than in March and we could go back to the Late September levels. Fewer greenbacks in the system could mean the scarcity effect increases what people are willing to pay. There is also the coming rate hike in a couple of weeks' time.
TVC:DXYLong
by Macrobriefing
Nasdaq (NQ) Buyers Can Appear Soon According to Elliott WaveShort Term Elliott Wave in Nasdaq (NQ) suggests the Index is cycle from 3.13.2023 low ended in wave ((1)) at 13349.37 as the 1 hour chart below shows. Wave ((ii)) pullback is currently in progress to correct cycle from 3.13.2023 low. Internal subdivision of wave ((ii)) is unfolding as a double three Elliott Wave structure. Down from wave ((i)), wave a ended at 12953.25 and wave b ended at 13241.75. Wave c lower ended at 12925.50 which completed wave (a) in higher degree. Wave (b) rally ended at 13298.75 with internal subdivision as a zigzag. Up from wave (a), wave a ended at 13255 and dips in wave b ended at 13160.25. Wave c ended at 13297.75 which completed wave (b). Wave (c) lower is in progress as 5 waves. Down from wave (b), wave i ended at 13065 and rally in wave ii ended at 13226.75. Wave iii ended at 12800. Expect wave iv to end soon and Index to turn lower in wave v to complete wave (c) of ((ii)). Potential target for wave (c) of ((ii)) is 100% – 161.8% Fibonacci extension of wave (a) which comes at 12614.1 – 12876.5.
CME_MINI:NQ1!
by Elliottwave-Forecast
Nasdaq -> Bearish Then BullishHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Nas100 just recently perfecly broke above a major previous weekly resistance area at the HKEX:12 ,500 level which is now turned quite strong support. You can also see that weekly market structure and moving averages are both bullish, indicating that we definitely have more upside potential long term so I am now just waiting for a deep retest of the previous resistance zone before I then do expect more weekly continuation towards the upside. On the daily timeframe it seems like Nas100 actually formed a top formation over the past couple of days so I am now very interested in a short term short opportunity back to the weekly support at the HKEX:12 ,500 area before I then also do expect a next daily rally towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FX:NAS100Short
by basictradingtv
42