Moustafa! 09.02.25 My analysis and targets for Nasdaq!
1- The last bullish wave from 04.02 till 06.02 was meant to fill the upper wick of the 31.01 day candle and to touch the upper yellow line of the symmetrical triangle. And once Mission is done, so a free fall happened to return back and to fill the gap of the 03.02 and 04.02 day candles. And up Touch the lower yellow line of the symmetrical triangle
But....
2- By looking to the sticky turquoise line I drew, you would find a could be a new formation of a short uptrend line and could be too a lower line of a symmetrical triangle so we have to give a huge attention to it as my target will be at the touch point with that line at 21060 which a price in between the low of the daily candles of 28.01 & 09.01 & 19.12 too, moreover on my Fib retracement retracement level of 23.60%. It could go lower to touch the yellow line but I chose the safer logic option in front of me to protect myself from sudden retrace.
And it could go further lower, then I would probably set another idea for it.
3- The last ATH was on 16th December and since then the index failed to super pass it! And we are since then, in a big consolidation area.
4- The two purple lines on the chart are from the 4h frame riding wedge, and as a result of breaking it from the its end or top, a free fall followed.
5- I still on my view of my last idea from the 7th Jan when I said that the real target of US 100 is when the index touches the green uptrend line below. That is the real target, but let us monitor the index step by step for now.
6- Let us go to an interesting part now, by looking at the daily candles volumes, you would find out that the bullish momentum was massive when index touched the lower yellow symmetrical triangle (the difference in volume between buyers and sellers) was plus 130.21K comparing to the previous day which finished on 24.01K plus (plus means green number or positive for bullish momentum) then the momentum massively decreased even if the prices were increasing as following:
On 04.02...… 34.34K plus
On 05.02...… 33K plus
On 06.02...…. 2.01K plus ONLY
And for sure that was an indication to a bearish day on 07.02 where I posted on the minds and made a good profit and I did not close my short on the weekend either.
The volume of day candle of 07.02 finished it 15.23K plus or green, which means, although it is in green, that the bullish momentum is weak than what is supposed to be on, as the index currently at so important price at 21500 which could turn to the upside back from. And in case it will, so I expect till maximum 21680 then back to my TP (may be not straight in a free fall but will reach to it soon)
Conclusion based on above
My take profit will be at 21060 till 20968
With a SL range at 22000
NOTE:
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
But....
2- By looking to the sticky turquoise line I drew, you would find a could be a new formation of a short uptrend line and could be too a lower line of a symmetrical triangle so we have to give a huge attention to it as my target will be at the touch point with that line at 21060 which a price in between the low of the daily candles of 28.01 & 09.01 & 19.12 too, moreover on my Fib retracement retracement level of 23.60%. It could go lower to touch the yellow line but I chose the safer logic option in front of me to protect myself from sudden retrace.
And it could go further lower, then I would probably set another idea for it.
3- The last ATH was on 16th December and since then the index failed to super pass it! And we are since then, in a big consolidation area.
4- The two purple lines on the chart are from the 4h frame riding wedge, and as a result of breaking it from the its end or top, a free fall followed.
5- I still on my view of my last idea from the 7th Jan when I said that the real target of US 100 is when the index touches the green uptrend line below. That is the real target, but let us monitor the index step by step for now.
6- Let us go to an interesting part now, by looking at the daily candles volumes, you would find out that the bullish momentum was massive when index touched the lower yellow symmetrical triangle (the difference in volume between buyers and sellers) was plus 130.21K comparing to the previous day which finished on 24.01K plus (plus means green number or positive for bullish momentum) then the momentum massively decreased even if the prices were increasing as following:
On 04.02...… 34.34K plus
On 05.02...… 33K plus
On 06.02...…. 2.01K plus ONLY
And for sure that was an indication to a bearish day on 07.02 where I posted on the minds and made a good profit and I did not close my short on the weekend either.
The volume of day candle of 07.02 finished it 15.23K plus or green, which means, although it is in green, that the bullish momentum is weak than what is supposed to be on, as the index currently at so important price at 21500 which could turn to the upside back from. And in case it will, so I expect till maximum 21680 then back to my TP (may be not straight in a free fall but will reach to it soon)
Conclusion based on above
My take profit will be at 21060 till 20968
With a SL range at 22000
NOTE:
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
Trade ativo
The price did not fall under 21700 and settled on that price on and pushed up till 21855 where is the upper yellow line of the symmetrical triangle and closed the day above! that movement indicates only one thing, that the index turned to bullish! and I expect further moves to the upside. I will set another idea for it to know the target above and where are resistance levels and to which levels the pullbacks could reach down to. The new idea will be launched in the next hour today. Thank youTrade fechado manualmente
Guys i updated the idea already before and i made another idea which is already on profit! here is the link of it.. please consider the new idea which i did since two days ago!
Moustafa Marei
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Moustafa Marei
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.