NASDAQ weekly Projections

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@nsg_usd - 1 week ago
Quoted - asuquokelvin

Just hold on for a while, the market is just not stable I don't know if it's because of new month, my free trial account got breached today due to overleveraging on EU that I thought would play out perfectly

That's painful.
I've been very low on my risk despite having multiple positions. Month End and New month trading days are usually followed with erratic volatile activities, So I often trade carefully and pay a lot of attention to price action ahead of the economic data that will be released for the month.
For Nas 100, price is still trading around my closed entries but I'm waiting for the 4hr to close.

Entry POI: 30495
SL: 30397

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@nsg_usd - 1 week ago
Quoted - godspowerdan

This is better

The heavy sells on Nas100 couldn't allow me to look for re-entries at the 30481-price level again. This is my new trade setup on Nas100
Entry: 30,200
SL:30,055
TP: 31,000

I'm expecting NFP tomorrow to drive price down first tomorrow at least to that demand zone, before the buys will set in.

N
@nsg_usd - 1 week ago
Quoted - godspowerdan

You're expecting a two directional news

If that's the name for it. But I'm expecting the data to ease USD buying pressure

N
@nsg_usd - 1 week ago

NAS 100-Daily Update (Friday, 2nd Oct 2026)
Trend: Bullish
Bias: Range
Technical Outlook: Sideways consolidation Range

Intraday Analysis: Despite creating a New All-time High yesterday at the 30,922-price level close to 31,000, price couldn't sustain and did not close above the key resistance zone on the daily but rather closed below previous day's High (Wednesday).
Today, the Asian session started with buys, revisiting the resistance level but price still struggles to breakthrough.
I positioned for sells after the 6am 4hr candle closed at the resistance level.
Entry: 30616
SL: 30810
TP: 30210

A
@asuquokelvin - 1 week ago
Quoted - nsg_usd

NAS 100 Trade Setup
Trade Type: Short

Entry: 30616
SL: 30810
TP:30210

Trade Idea/Approach: Price is stuck at a key resistance level and lacks the momentum to continue higher. This signifies exhaustion. My next expectation is for a reversal down in order to grab more liquidity for another bullish momentum and possibly filling up the bullish imbalance as well.

NASDAQ 100 — Sell Trade Analysis

The sell setup is based on price rejection from the 30,590–30,666 resistance zone. Price has repeatedly tested this area without establishing a clean bullish breakout, showing that sellers are defending the level.

The key confirmation is the failure to hold above 30,590 after the recent recovery. As long as price remains below the 30,666 invalidation level, the setup favors a move back toward the lower support levels.

Trade idea:

Entry: 30,590 area

Stop Loss: 30,666

TP1: 30,477

TP2: 30,259

Bias: Bearish below 30,666

A sustained break and close above 30,666 would invalidate the bearish setup, while continued rejection below 30,590 could open the way toward the next support levels.

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@nsg_usd - 1 week ago
Quoted - nsg_usd

Another confirmation for the trade entry at the resistance zone is the 1hr bearish engulf formed at the zone which signalled for execution.
Entry: 30616
SL:30810
TP:30210

I also had a 15mins confirmation which is this potential head and shoulder pattern. I spotted the pattern and the right shoulder aligns with the 1hr,4hr, and D1 confluences then I executed at 30616-price (Entry), with My SL at 30810, above last week's week high to accommodate any potential stretch during NFP today if price do not reach my TP before then or I do not have a confirmation for a close at a demand zone before NFP in New York session.
My overall target is below yesterday's Low which also acts as neckline for the pattern.

N
@nsg_usd - 1 week ago
Quoted - asuquokelvin

Price will take sometime to get to that level am selling from the current price level to that demand where you want to buy from

I'm Shorting NAS 100 too.

Entry: 30616
SL:30810
TP:3020

And I'm also keeping the Long setup in view as well which is where my TP for the shorts are placed.

A
@asuquokelvin - 1 week ago
Quoted - asuquokelvin

Also shorting the pair

Price is trading around my entry level, I will just close out to cut short my losses

N
@nsg_usd - 1 week ago
Quoted - asuquokelvin

A head and shoulder confirmation is when the neck gets broken but nevertheless, what do you think about NFP? Will it come bullish or bearish ?

That's why I call it a "potential" head and shoulder because the neckline has not been broken.
By potential it means it carries the possibility of becoming a full and complete head and shoulder pattern but at the moment it is incomplete.
I trade patterns from a personalized method of approach, not from general knowledge perspective because my studies from experiences with them have taught me more and updated my knowledge on their effectiveness than what I read from books and watched in YouTube videos when I started trading.
Most people that conclude that patterns don't work have not traded them long enough to generate personal data for studies in order to improve on the previous centuries knowledge on patterns that they read about.

In this my particular 15mins method of approach on NAS 100, the best entry would have been when price first revisited the zone after it hit the new all-time high and fell. but I didn't want to get caught up in those emotions, so I avoided it.
This particular entry (30616) keeps me calm and precise and I'm using an accepted risk (SL at 30810) should it want to get volatile and push up before the real sells kicks in.

N
@nsg_usd - 1 week ago
Quoted - asuquokelvin

Price is trading around my entry level, I will just close out to cut short my losses

I'm still holding my position. The closure of the current 4hr candle by 10am will be one of my deciding factors whether to close out or keep holding.
My trade setup will be invalidated if it trades above my SL level at 30810

N
@nsg_usd - 1 week ago
Quoted - nsg_usd

I'm still holding my position. The closure of the current 4hr candle by 10am will be one of my deciding factors whether to close out or keep holding.
My trade setup will be invalidated if it trades above my SL level at 30810

Price just used my entry level (30616) as an internal support level to continue the rally upwards. I'm suspecting it wants to fill up the imbalance above and react from the left high, creating a right high at the level as well. But If it takes me out at that 30810, then I'll just leave it be.

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