Moustafa!! Be ready for a big bearish wave will hit US100 soon!

5 de jan.

* The used times frames are the monthly, weekly and the daily.. on the chart at this idea, is shown the daily frame!

* The purple daily uptrend line which was not broken since 05.08.24 if you remember what happened at the carry trade and Japan interest rates of that time, was broken at 18.12.24 and then pullback then the index pushed down again then on 03.01.25, another pullback happened and it could go to max 21635 but I believe will be pretty hard that one daily candle can close above that price 21635

* A descending bearish triangle already formed and the main idea, that the index will face huge resistance which will push the price down to breakthrough the triangle to send the index further down to the TP1 regardless any bullish short term retraces to the upside, but 20230 will be my TP currently!

* I believe that the main target is even further down when the index touches by the daily candle the green uptrend line which is strong as a steel and was not broken since 06.01.2023 and the last time the index touched that line was at 05.08.2024 which caused a huge insane push to the upside.

* My Fib retracements levels are powerful and closure of the daily candle of 02.01.2024 is a huge indication that the index would go further down even if a pullback to the upside happened on the 3rd of January (last Friday session)

****** 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.

8 de jan.

Trade ativo

In profit

10 de jan.

Nota

Today we have so important report and it will have a massive effect on all indexes the NFP report, so please pay attention as it could change everything
However, technically if the day candle closes under 21000 that it will send the index 100% to 20800 then it could up then down.
But if it will go further down and the day session will close under 20800 so million per cent the index will go to 19800 then only you would find a worthy bullish retrace
HOWEVER, if you need my so personal opinion and my personal plan, if you are patient as me, I can confirm to you that no way and I mean NO WAY that it will go to another ATH without the touch of any day candle to the uptrend line in green on my idea. Which could be around 1500 points from now to the downside!
Another golden thing I use in my own strategy, I call it as the golden cross! Is when the moving average of 50 crosees the moving average of 200 from above.. That happened at the begining of today pre market session!
The 6h frame candle now is so so close to the 200 moving average at 21108 so either retrace to up or will close below it and it will be the beginning of another extreme bearish wave when the day session closes under the first price I said at the beginning.
Worth to say that last time on the 4h frame that the opposite happens and the MA50 crossed MA 200 from the down, it was on 13 September 2024... Since that cross happened, nasdaq was bullish till I said it would be bearish and I expected an extreme bearish wave. Before that day of 13.09.24 nasdaq was in bearish wave for a complete 2 months and could not reach to do another ATH before 4 months from that cross.
I have you that example to expect what is going on. Minimum could take a month to two. Till it the golden cross over happens again. And if that cross happens on a bigger time frames so the effect would be much painful to the USA technology index, the Nasdaq.
So whoever tells that we do another ATH, you have to pay attention to my words. As I am different bro 😊
I shorted from 21720 and I will follow the plan and my strategy I explained above if the market acts as I expect.