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Nas100short

Technical analysis update: Nasdaq 100 (10th January 2022)Today, the Nasdaq 100 index dropped below its key technical level at 15 538 USD - which currently acts as immediate support/resistance. We think this is a very bearish occurrence and one that can potentially mark the beginning of downtrend for NQ1!. This view is also supported by bearish technical indicators on the daily and the weekly time frames. Additionally, the monthly time frame shows peaking bullish conditions that often coincide with the market top. These warning signs suggest more trouble ahead for the general stock market. Because of that we are very cautious and we will observe the price action of Nasdaq 100 in the following days. We will view the potential failure of NQ1! to retrace back above the key technical level as very bearish. However, if retracement occurs then we will reassess our views. Illustration 1.01 Illustration 1.01 shows the daily chart of NQ1!. It also shows two yellow trend lines connecting all major lows: Line 1 and Line 2. Price dropped below Line 1 which is very bearish. Technical analysis - daily time frame RSI continues to develop bearish structure. Same applies to MACD and Stochastic. DM+ and DM- show bearish conditions as well; ADX continues to increase since 22nd December 2021 which suggests that current neutral trend is turning to bearish trend. This coincides with a price drop below the key technical level. Overall, the daily time frame is bearish. Illustration 1.02 Illustration 1.02 shows the daily chart of NQ1!. It also indicates evaporation of new buyers as the price attempted to make a new high. Additionally, drop below the key technical level is marked. Technical analysis - weekly time frame RSI, MACD and Stochastic are all bearish. DM+ and DM- performed bearish crossover recently. ADX continues to decline. Overall, the weekly time frame is bearish. Support and resistance Immediate support/resistance sits at 15 538 USD while major top lies at 16 767.50 USD. Support 1 can be found at 15 273.75 USD and Support 2 at 14 585.50 USD. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
CME_MINI:NQ1!Short
by Tradersweekly
10
Potential Daily Bat 🦇NAS100 - Potential Daily Bat, monthly is bullish but we have bearish PA/multiple BOS on the LTF's. For the bat to complete im expecting a small push to fill some of the imbalance/build liquidity before we then break the lows and head on down to the D point of the bad landing in a very nice PRZ, let's see what the opens bring and how prices moves today! Let me know your thoughts! ** Disclaimer *** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
UShort
by ProFxAI
2
Nasdaq 100- Start of correction? My first target is 14kNasdaq has started the year very badly, putting in a strong bearish candle on our weekly chart. This along with the last week's pin bar and the previous candle completes an Evening Start pattern which can give as the idea of down continuation. At this moment the price sits on confluence support given by the ascending channel's trend line and the horizontal support and a break here would be very bearish for the index. My target for short trades is 14k zone and sell rallies is my preferred strategy. Only a new ATH would change my bearish opinion
OANDA:NAS100USDShort
by Mihai_Iacob
21
Potential Crab Forming 🦀NAS100 - Potential Daily Crab forming, however price is at strong S/D zone and is still bullish on the daily charts. Price is currently sitting around the .886 level with good confluence for buys (Including LTF momentum etc) If price decides to break this S/D zone then Ill be looking for the retest/short towards the D point! ** Disclaimer *** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
ULong
by ProFxAI
Nas100 short entry on the 1mHere's a breakdown of a trade I took yesterday on Nas100. I've recently started working on a new system that combines 2 methods I've been using with a twist. This is the 11th trade for testing so far and the 9th win out of these 11 trades. It's obviously too soon to determine whether the system is profitable over the long term but from my testing so far it's been going well. The entry is based on the 1m 50EMA break following the trend of the 15m. There's a few more parameters that need to be met for an entry, but more on this later.
UShort
by tjbate
Nas100: Bearish momentum is not overOn a high timeframe, we see a rising channel and the support of this channel isn't reached yet. The coming days we could still see bearish pressure, with bears targeting the support of this rising channel. On top of that, the past days I noted out the bearish setups that were being printed, one of that was the head and shoulders pattern. I stated that if the support or neckline of this head and shoulders get violated, we could still see Nas100 struggling to rise and the bearish momentum could go on and Nas100 might find bottom around 15200.00 and 15400.00. Congratulations to everyone that keep on following. The main purpose here is to trade when the edge is on our side. Never should we make thoughtless decisions and the burning edge just to be in the market. We can rock, if we only wait for price to tell us what to do. Let's meet next week. Please do not forget to like, share idea and share your opinion in the comment section below.
FX:NAS100Short
by Forexintelligence_NA
7