NASDAQ weekly Projections

A
@asuquokelvin - 2 days ago
Quoted - nsg_usd

Yeah, it did. That was the LTF channel. It Expanded and formed a new one on 1hr.

What I will say is that fundamentals is actually playing out remember last week dollar had a weak CPI data and I think that could be what is actually pushing the market right now I was just my idea to a more higher time frame which is a 12 hours so I don't treat noise and so that I can also get more clarity prices still inside my box so I'll look at the 12 hours for a reaction if they reaction favors the sell side then I'll take the trade but if it doesn't how allow it

N
@nsg_usd - 2 days ago
Quoted - asuquokelvin

On NASDAQ my analysis time frame starts from 4 hours because if you analyze on a lower time frame there's all tendency that you can get confused based on its market structure so only pick good levels with high probability to trade from on NASDAQ

NASDAQ-I often stop my analysis on 1hr. and it also serves as my entry confirmation. the LTF is often when I want to try setups on a smaller capital and I need to refine my entry, give me a good RRR on indices and commodities.

Nasdaq is struggling to break the 2905 price level, will expect it to retrace back to 28800 price level for a rebound if it can't break it.

A
@asuquokelvin - 2 days ago
Quoted - nsg_usd

I doubt it will hold again. You should look for sells if it flips the minor support zone at 2894, then join the retest for the sells downward. otherwise, it will keep pushing up.

I will not analyze from a lower time frame reasons being that lower time frame structures can be very deceptive especially in NASDAQ so instead I watch the reaction from the 4 hours time frame if they reaction plays out well I will take the sell but if it doesn't I will still flat

N
@nsg_usd - 2 days ago
Quoted - godspowerdan

Just stay patient so that the true intent and direction will be known

Nas 100- The Rally continues as price breaks above 29022 price level

N
@nsg_usd - 17 hours ago

NASDAQ- Daily Trade Projections
Technical Outlook: Bearish Consolidation Channel

Nasdaq on the daily is still confine to a bearish channel and currently rallying back to the upper channel. It is stuck at an internal resistance level at 29200 preventing price from rallying up but printing bearish candles signifying potential of continuing to the downside from the resistance level

N
@nsg_usd - 17 hours ago
Quoted - nsg_usd

USTEC100 4hrs- Price formed a bearish flag this week and has been rallying upwards but with a slower momentum. Invalidation of this Flag and the sell continuations will resume.

Nas 100- 1hr Setup a downside break of the 4hr trend support on the bearish flag, will result in price decline down to 28,761 and a bullish retracement for the retest of the trend support as a resistance and the strong sells will kick in for the drop.

N
@nsg_usd - 17 hours ago
Quoted - nsg_usd

Nas 1hr Setup- I'll be expecting formation of the Head and formation pattern after the invalidation of the bearish flag pattern.

Nas 1hr- Price formed a double Top on 1hr this week at the 29200 internal resistance level. This means the bears has mounted a defense line against buyers at that price level. Inability of the bulls to push pass that level will result in strong sells down to 28761 breaking the neckline of the double top.

N
@nsg_usd - 17 hours ago
Quoted - godspowerdan

The sells is very possible because price has traded into the premium already

That's right. And buyers have been unable to keep pushing higher Once more weakness shows in the buys I'll follow it up for the sells.

N
@nsg_usd - 17 hours ago
Quoted - godspowerdan

The sells should come in after the break of that trendline to the downside

Yeah. That's what I'm looking at. Once it is broken, Then I'll look out for the sells when price revisits the trendline support as a resistance.

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