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  • #741
  • Oct 18, 2024 11:08am Oct 18, 2024 11:08am
Quoting Fadhl
{quote} TP1 hit. Moved STP to BE.
Stopped at BE.
Done with NQ.
(Sidenote: I sold Gold at 2720; STP=BE; TP=1690)
  • #742
  • Oct 18, 2024 4:07pm Oct 18, 2024 4:07pm
Today PA reach perfect 0.786 fibbonacci level of last move and marked a rounded top in 10minutes TF so monday i anticipate correction at least 120 points and we will see how price react to 20190 level. If price break 20157 my counting are invalid. Let's see how it goes. Have a nice weekend
Attached Image (click to enlarge)
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  • #743
  • Oct 19, 2024 3:09pm Oct 19, 2024 3:09pm
Quoting Mortlance
{quote} Yes they do
While the Dow and S&P indexes have moved above their July all-time highs, the NASDAQ continues to lag in a show of divergence.
  • #744
  • Oct 20, 2024 3:11pm Oct 20, 2024 3:11pm
Upcoming weekly analysis
FA Analysis:
Earnings season: This is the main driver for this week until the following one. This week, we've TSLA and IBM as relevant stocks for Nasdaq.
Macro economic data: Manufacturing and Services data across the board.
Risk of war (in particular an attack on Iran nuclear and/or oil facilities): Keep an eye on news; it's still present.
US Elections: We're approaching November 5th; volatility will continue to be high.

TA Analysis:
Weekly TF:
NQ weekly close was bullish but still under ATH. NQ is lagging behind S&P and Dow. This is an indication that NQ will overperform in particular if the earnings are meeting market expectations.
We've two scenarios:
1- Earnings are below market expectations or Risk of war materializes: NQ will be unable to close above ATH (20759) and price will drop up to 18188-16970; or
2- Earnings are good and Risk of war fades out: NQ will reach a new ATH.
Attached Image (click to enlarge)
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Daily TF:
From daily perspective, NQ price is inside a bearish daily candle (yellow box). I expect price to consolidate until TSLA earnings or unforeseen risk.
Testing the top than down towards 20040 with an extension to 19726.
The real move will start on Wednesday.
Attached Image (click to enlarge)
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Wish you happy and green week!
  • #745
  • Oct 21, 2024 6:03am Oct 21, 2024 6:03am
Quoting 07Jack
Today PA reach perfect 0.786 fibbonacci level of last move and marked a rounded top in 10minutes TF so monday i anticipate correction at least 120 points and we will see how price react to 20190 level. If price break 20157 my counting are invalid. Let's see how it goes. Have a nice weekend {image}
Now let's see how Price will act at the suport.
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  • #746
  • Oct 21, 2024 6:53am Oct 21, 2024 6:53am
Good day!
In addition to the weekly analysis, NQ is making a wedge prior TSLA earnings and US data on Wednesday.
1- Good results/green data: new ATH;
2- Bad results/red data: a massive drop.
I don't think opening any NQ position until Wednesday if the consolidation and wedge behavior are confirmed. The range is so tight. GL!
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  • #747
  • Oct 21, 2024 7:25am Oct 21, 2024 7:25am
Quoting dummytt
{quote} pullback in progress {image}
still in progress
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My posts are for educational purpose only.
  • #748
  • Oct 21, 2024 8:57am Oct 21, 2024 8:57am
Im done for today. More than 300 pips earned.
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  • #749
  • Oct 22, 2024 5:33am Oct 22, 2024 5:33am
If price break 20200 i'll be looking for something like this next move.
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  • #750
  • Oct 22, 2024 5:53am Oct 22, 2024 5:53am
Thank you @07jack, @dummytt and @Fadhl for your analysis.
I don't know why is so lack of pots on US100 (traders don't like trading nasdq??) but with you I hope it will be better here!
  • #751
  • Oct 22, 2024 7:36am Oct 22, 2024 7:36am
Quoting Fadhl
Good day! In addition to the weekly analysis, NQ is making a wedge prior TSLA earnings and US data on Wednesday. 1- Good results/green data: new ATH; 2- Bad results/red data: a massive drop. I don't think opening any NQ position until Wednesday if the consolidation and wedge behavior are confirmed. The range is so tight. GL! {image}
Good day!
Nothing really to update!
Price is behaving exactly as expected. Trading NQ starts from tomorrow for me... GL!
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  • #752
  • Oct 22, 2024 12:50pm Oct 22, 2024 12:50pm
it's fake barakeout immo. Watch out for strong pullback. Trigger up will be confirmed at 20418. if we don't reach this level im going short
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  • #753
  • Oct 23, 2024 7:48am Oct 23, 2024 7:48am
Good day!
NQ is still trading inside the daily red candle.
Price was unable to close above 20422. It should go down to test the lower swing and grab liquidity. I plan to go short.
Attached Image (click to enlarge)
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  • #754
  • Oct 23, 2024 8:36am Oct 23, 2024 8:36am
Quoting Fadhl
Good day! NQ is still trading inside the daily red candle. Price was unable to close above 20422. It should go down to test the lower swing and grab liquidity. I plan to go short. {image}
We got a bearish 5min opening range.
  • #755
  • Oct 23, 2024 8:46am Oct 23, 2024 8:46am
Here is my planned entry with the retest of the opening range and bearish close candle.

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  • #756
  • Oct 23, 2024 9:11am Oct 23, 2024 9:11am
Quoting Fadhl
Here is my planned entry with the retest of the opening range and bearish close candle. {image}
Price is moving fast. I don't think it will retest the top of the opening range. I modified my entry level. Still waiting for a bearish retest.
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  • #757
  • Oct 23, 2024 9:11am Oct 23, 2024 9:11am
let's see how it plays
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  • #758
  • Oct 23, 2024 9:20am Oct 23, 2024 9:20am
Quoting Fadhl
{quote} Price is moving fast. I don't think it will retest the top of the opening range. I modified my entry level. Still waiting for a bearish retest. {image}
I'm in.
  • #759
  • Oct 23, 2024 9:51am Oct 23, 2024 9:51am
Quoting Fadhl
{quote} I'm in.
At the end, price went back and tested the high of the opening range! It's always better that you stick with your initial plan!
Anyhow, I'm still in but under water.
  • #760
  • Oct 23, 2024 10:07am Oct 23, 2024 10:07am
Quoting Fadhl
{quote} At the end, price went back and tested the high of the opening range! It's always better that you stick with your initial plan! Anyhow, I'm still in but under water.
Hi Fadhl, I trusted your analysis and sticked to the plan, so it is working fine for me. I thought either it gets hit or not. So it got.
But I know this too, not to stick to my plan and be under water.
Wish you all the best!
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