NASDAQ weekly Projections

NAS 100 weekly summary

Nas 100 started the week with sells on Monday, then followed by buys on Tuesdays, Wednesdays and Thursdays, and then closed on Friday with sells, forming a weekly low at the 29315 price Level.

With the weekly low formed, price has created a Lower low after creating a Lower High last week.
I'll be expecting price to create a Lower High Next week, in preparation for sells next month.
This will now show a downward sequence.

Nas 100- on the Daily, the Lower high and lower low sequence is clearer, where price close at 29455 close to previous 2 week's low at 29442.

My projection on the daily next week is for price to start with Buys, rallying up to 29661-29700 price level first, then decide either to break above and head to 29900, or retreat down to the full-blown sells down to 29000.

NAS 100- on the 4hr, Price has created two things. First price has created a 4hr bearish channel. showing that intraday is bearish.
And price currently is at the upper boundaries of the trend channel which acts as a trend resistance that instigated the sells that closed the week.

The second Thing visible on the 4hr Timeframe is the bearish flag pattern. This pattern is a bullish consolidation phase inside a bearish intraday trend channel. A breakout from this flag pattern to the downside will further confirm price is ready to continue the sells downwards, and this is where a lot of patience is required.

Also to note about this bearish flag pattern is that it represents the Lower timeframe direction and, in this case, Lower timeframe is bullish, intraday is bearish, and HTF is Bearish.

NAS 100- So, what we are waiting for next week, is to see the LTF align with the Intraday, and HTF. Without that alignment, every other sell while price is still confined to the bearish flag is more prone to premature sells and stop hunts.
Also to note, the LTF can continue in the bullish direction in order to adjust the intraday channel, to a more convenient Higher High, at around 29900, or 30,000 before going for massive sells.

Nas 100- Trade Idea and Approach (next week)
While waiting for LTF to align completely with the Intraday and HTF, I'll look for sells on 30mins.
Entry-29615
SL-29800
TP-29200

In summary, for next week, I'll be watching out for more sells than buys, but I'll look forward to seeing Monday start with buys, and Friday ending with sells forming a Lower High.

In summary, for next week, I'll be watching out for more sells than buys, but I'll look forward to seeing Monday start with buys, and Friday ending with sells forming a Lower High.

NAS 100- New Week Outlook
The week started with drop down to 29,231, then began buys. Looking at the possibility of price rallying back 29,800.

On the Daily, price started bearish, and I'll be watching out if the candle will close bearish today or become bullish during New York Session and push to the 29,661-price level for sells, with SL at 29,800.

On the 4hr, the Bearish Flag pattern created last week, has been invalidated by price, breaking below the Trend Support. Price returned for the retest of the trend support or the resistance forming a 4hr shooting star at the 29455-price level.

On the 1hr, I'm expecting a double bottom formation at the 29250-price level.

Despite my double bottom 1hr expectation, without a break below 29372, price will possibility push from the level as a support, rallying to 29,600 resistance price level.

Price has broken the internal support level at 29375, signalling continued sells down to 29250 price level, to create a double bottom on the 1hr.

Price has broken the internal support level at 29375, signalling continued sells down to 29250 price level, to create a double bottom on the 1hr.

Bullish flag pattern formed on 15mins. If the pattern is invalidated, then price will rally to the upside. But If price keeps trading below the upper resistance, then it will continue downwards. Still observing.