Nasdaq -> Time To Start The RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is looking insanely bullish. We just recently created a weekly double bottom and already broke above the neckline, confirming this whole pattern.
You can also see that we are already starting the continuation towards the upside, in my opinion there is a quite high chance that we already saw the bottom of the bear market so from here I just do expect more continuation towards the upside.
On the daily timeframe you can see that Nas100 just recently also created a daily double bottom so I am now just waiting for a retest of the neckline and then also the next push on the daily timeframe.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Nas100long
NAS100 remains bullish and bulls are matching higher!Hello traders,
Nas100 is moving according to how I predicted in my previous ideas. Finally today, the index broke above the falling wedge. At this point, I predict a strong impulse to the upside and bulls may first target the February 2023 high of 12883 and possible reach to the August 2022 high of 13700. We also need to take in consideration that the index printed a triple bottom on higher timeframe and this needs fulfillment. It's also important to keep in mind that the market can change structure especially when we are faced with Fed rate hike in few days. With that in mind we want to carefully observe how the market will react to this event next week and adapt accordingly when we see a change in price action. Otherwise, as I stated it in my previous ideas, I am very optimistic with the bullish momentum and bulls may want to use this moment to flex their muscles.
On higher timeframe, I noticed a formation of a triple bottom as shown on the snapshot below. The index broke the neckline, we saw the retest of it and bounced up strongly from the zone.
13 March 2023 Idea (Link below)
14 March 2023 Idea (Link below)
Have any thought or different view on the index? Be kind to share your opinion in the comment section below.
Trade smart!
NAS100 |Demand zone remains intact, watch out for CPI data!As I stated in my previous analysis, NAS100 has reached a significant level, a demand zone where price reacted a number of times in the past acting as both support and resistance. We noticed a spike to the downside through the support level during yesterday's trading sessions which only ended the day with an indecision candle. I believe buyers would not give up so easily in defending the demand zone. We also need to consider that CPI data is set to be released today and this will definitely act as a catalyst which will impact price action. In spite of everything, my bias still remains bullish, unless we see a clear violation of the demand zone.
In the event where my bias will meet clear bullish confirmation for entry on lower timeframe, I will consider taking long positions with two targets in mind, 12463.0 and 12726.1.
I encourage everyone to do their own analysis and not take my word for it and also keep in mind the CPI data to be release latter today.
Be safe!
NAS100| Look for buy opportunities from the demand zone!NAS100 has reached a strong demand zone. Price bounced up several times from this zone. There's higher chance that buyers will defend this zone again. My expectation is that the index will bounce up from this zone. We can also see that the index is trading within a larger falling wedge. Buyers may push price up from the demand zone to the resistance of the falling wedge.
We can look for longs targeting 12400 level.
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Nasdaq -> Ready For The BullrunHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is currently retesting a quite obvious weekly support/resistance area which is turned very strong support once again.
You can also see that we recently broke above a down-trendline, created a double bottom and had a bullish ema-crossover, which are all very bullish signs, so from a weekly perspective I just do expect the continuation towards the upside.
On the daily timeframe however you can see that we are currently creating bearish market structure, so I am now just waiting for a bullish break and retest of the next resistance zone, before then also the daily timeframe looks quite promising for the next 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:
NAS100 bullish bias. Bulls target 12740NAS100 is moving within a larger falling wedge pattern. Higher timeframe bias is extremely bullish. Bulls are now eyeing the resistance of the falling wedge. I expect price to keep on increasing and eventually breakout of the falling wedge and continue rising to 12740.
Traders, if you find this idea helpful please be kind to leave a like.
All the best for this week.
Nasdaq -> Please Listen To MeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective, the Nasdaq in my opinion looks extremely bullish. We just created a double bottom with a break above the neckline and last week we already started the continuation towards the upside.
We are also having a bullish weekly ema crossover, all things pointing towards the beginning of the next bullmarket so on the weekly timeframe I just expect the continuation towards the upside.
On the daily timeframe we are currently retesting previous support which is now turned resistance so I am now just waiting for a break and retest of the resistance area which is then turned support and then the continuation towards the upside looks extremely likely, also from a daily perspective.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NAS100 long from demand zone to 12000!The index made a strong bearish pull back into 11810 demand zone from the February 2023 high. Overall bias is still bullish, from the demand zone I anticipate a short term increase to 12000.
Please do support this idea with likes if you find this helpful.
NAS100 Bullish Bias (1:5 R&R)I'm in on a long position of My entry position; 12200
My Target;12800
I'll scale in my order as the trade goes further.
If you are not so sure of taking the buy right now you can wait for a break above Lets wait for a break above; 12200 then you take profit when we reach the target.
Use proper risk management, do not risk more than 2% of your account.
Just do what I say and you're good. You already know how we the best at these sniper entries, how I get them ... You'll have to hmu for that.
Long Nas100 WeeklyThe Nasdaq 100 Index, commonly referred to as the Nasdaq 100, is a stock market index composed of the 100 largest non-financial companies listed on the Nasdaq. The Nasdaq 100 includes companies from various industries, such as technology, consumer services, and healthcare. As of 2023, the Nasdaq 100 is exhibiting a bullish trend on the weekly.
When analyzing the long-term trend of the Nasdaq 100, there are several factors that can be taken into consideration. First, the overall outlook of the technology sector, which is a key component of the Nasdaq 100, is positive. The technology sector is experiencing high levels of investment and innovation, which is driving growth and providing opportunities for the companies included in the index. Additionally, the consumer services and healthcare sectors, which are also important components of the Nasdaq 100, are expected to continue their strong performance in the coming year.
The overall macroeconomic environment is also a factor that can be analyzed when looking at the Nasdaq 100. Many of the countries included in the index are experiencing economic growth, which indicates that the demand for the products, services, and technologies offered by the companies in the index is likely to remain strong. Additionally, the outlook for the global economy is generally positive, which suggests that the Nasdaq 100 will continue to benefit from global economic growth in the coming year.
Finally, the Federal Reserve's monetary policy is another factor that can be analyzed when looking at the Nasdaq 100. The Fed is expected to remain accommodative in the coming year, which means that interest rates will remain low. This is good news for the Nasdaq 100, as it means that companies in the index will have access to cheap capital, which will enable them to expand their operations and invest in new technologies.
Overall, the combination of these factors suggests that the Nasdaq 100 is likely to remain bullish in the coming year. The strong performance of the technology, consumer services, and healthcare sectors, combined with the positive outlook for the global and domestic economies, as well as the Fed's accommodative monetary policy, all point to a bullish outlook for the Nasdaq 100 in 2023.
NAS100 top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NS100 top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.