NASDAQ weekly Projections

To trade the 15mins bearish pattern, I'll have my entry at 29759, My Sl above the 15mins high at 29910 and my TP at 29300 price level.

While my TP will be placed at the 29300 price level, I'll also pay attention to the possibility of price respecting the reverse of the bearish pattern, thus making 59507 price level more reasonable for Take Profit.

Nas Daily Trend Analysis- Price made a retest of the daily trendline on friday, which it invalidated on Tuesday. The Daily trendline support has now become a bearish resistance trendline at the 29875 Price Level.

The trendline retest also confluences with a Daily Bearish Trendline Upper Channel which connects monday 22 june's high (30675), with tuesday 30th June /wed 1st July as the second touch, and Last week's Friday/today's High (29857) as a 3rd touch creating Lower Highs sequence on the Daily timeframe.

The 3 bearish confluences at the 29875 Resistance Zone (Bearish Trendline touch + Invalidated trendline support retest + Major Resistance Zone) is a 60% strong bearish confirmation that price will experience a strong decline down to 29022 price level first and possibly down to 28402 Major support Level before the month is over.

Like i expected, price completed the pattern and closed at the 29902 region. a break above that price level and we'll see a stronger rally back to the 30300-30400 price region. Price expanded the 15mins bullish trendline which is now visible in the hourly timeframes.

A 4th Confluence that will increase the Bearish decline chances to 70% is today's daily Candle closing a bearish as a hanging man, as shown in the chart below.

Nas 100 weekly Trend Analysis- Technically, there's enough imbalance to attract price downwards, but it will take a while before we can see price fill it up. A break below 29400 price level is the only guarantee for price decline down to 26,000.

This is the Weekly skeletal framework of NAS 100 trend. Price is currently on the 4th phase of it's Impulse wave, following an Elliot wave theory. Wave 2 and Wave 4 is the correction phase, while Wave 1 and Wave 3 are the impulse phase (wave 5 is not formed yet).

Nas 100- Elliot Wave Theory Trend Analysis
This theory was developed by Ralph Nelson Elliot in the 1930s. It proposes that Markets move in repetitive wave patterns driven by investor psychology and the recurring cycle of optimism and pessimism. The theory divides market movement into impulse waves and corrective waves.

Nas 100 is currently on an impulse wave. This impulse wave began April 2025, last year.

Nas 100- Elliot Wave Theory Trend Analysis
This theory was developed by Ralph Nelson Elliot in the 1930s. It proposes that Markets move in repetitive wave patterns driven by investor psychology and the recurring cycle of optimism and pessimism. The theory divides market movement into impulse waves and corrective waves.

Nas 100 is currently on an impulse wave. This impulse wave began April 2025, last year.

Elliott Wave gives a solid framework, but still combine it with market structure and macro fundamentals. If upcoming CPI, Fed expectations, and earnings continue supporting risk appetite, the impulse wave has a better chance of extending before the next meaningful correction, but if Maybe some don't align like the CPI and fed expectations and risk appetite reduce for a long while then expect some corrective wave move, but not really checking the weekly right now , am considering the 4hrs with a different approach using a different methodology, which is trading the new week opening gap as a support or resistance level, I have marked a key level at the 4hr timeframe @ 29867.08 if price breaks above the new week opening gap before it, then I will use it as a strong support but if price respects it I will trade it as a resistance level, all concepts works in alignment the difference is the timeframe you applied it

Yeah. Thats right. I'll be trading this formations.

Nas 100- Elliot Wave Theory Trend Analysis
This theory was developed by Ralph Nelson Elliot in the 1930s. It proposes that Markets move in repetitive wave patterns driven by investor psychology and the recurring cycle of optimism and pessimism. The theory divides market movement into impulse waves and corrective waves.

Nas 100 is currently on an impulse wave. This impulse wave began April 2025, last year.

I am anticipating the correction move, from your chart price has reached the other higher trend line of your channel

Price may not really come back that deep because of the new week opening gap, if price gets to that level it will be an invalidation, price may even push lower

If price breaks above that high marked it will go bullish. I don't expect price to break above that high

Alright. I'll hold onto this bias. Sells for buys.

Nas 100-The week is starting bearish, the buy's will come in from middle of the week.