Get ready for Monday's Nasdaq 25.01.20
Hello, this is Greedy All-Day.
Today’s analysis focuses on the NASDAQ.
NASDAQ Daily Chart Analysis
Chart:
On the daily chart, the NASDAQ shows a breakout above the short-term corrective trendline, signaling a potential trend reversal.
Key Developments:
The price has broken above the 20 EMA on the daily chart.
It also rebounded before breaking below the Ichimoku Cloud, hinting at a potential return to new all-time highs.
Support and Resistance:
Support: The 20 EMA, currently around 21390, serves as short-term support.
Resistance: The chart suggests that significant upside remains open, with fewer immediate barriers overhead.
Current Pattern and Resistance
Chart:
The NASDAQ is currently near its only remaining resistance trendline, created between December 17–18, 2024 (orange box).
Key Points:
Beyond this trendline, there are no further descending resistance trendlines.
Resistance will then come from horizontal supply zones or historical highs.
Breakout Potential:
If the price breaks the green box resistance zone, the next key resistance is one of the two white box zones.
A breakout beyond the white box zones could pave the way for new all-time highs.
Today’s Buy Strategy
Chart:
Entry Trigger:
Breakout above both the remaining resistance trendline and the recent high at 21682.5.
Target Levels: Horizontal resistance levels (marked on the chart).
Rationale:
A breakout above the long-term descending resistance trendline, combined with a breakout above the previous high, would likely lead to entry into the blue box supply zone on the left.
This would increase the likelihood of a continuation toward higher levels, fueled by the supply zone dynamics.
Today’s Sell Strategy
Chart:
Entry Trigger:
Breakdown below the orange ascending trendline and a break below 21481.
Target Levels: Horizontal support levels (marked on the chart).
Rationale:
A break below the ascending trendline would indicate weakening momentum.
If a pennant-like pattern forms and the price breaks below the starting zone of the pattern, it would signal a high likelihood of a trend reversal.
The green box highlights the potential breakdown area.
Additional Note:
If the price consolidates and the ascending trendline is broken above 21481, adjust the target to 21481 as the maximum downside level.
Conclusion
The NASDAQ is at a critical juncture, with potential for both significant upside and downside moves:
For Buyers: Watch for a breakout above 21682.5 for potential continuation into the supply zone and beyond.
For Sellers: Monitor for a break below the ascending trendline and 21481 for potential downside momentum.
Stay cautious, and trade strategically based on key levels. 🚀
Today’s analysis focuses on the NASDAQ.
NASDAQ Daily Chart Analysis
Chart:
On the daily chart, the NASDAQ shows a breakout above the short-term corrective trendline, signaling a potential trend reversal.
Key Developments:
The price has broken above the 20 EMA on the daily chart.
It also rebounded before breaking below the Ichimoku Cloud, hinting at a potential return to new all-time highs.
Support and Resistance:
Support: The 20 EMA, currently around 21390, serves as short-term support.
Resistance: The chart suggests that significant upside remains open, with fewer immediate barriers overhead.
Current Pattern and Resistance
Chart:
The NASDAQ is currently near its only remaining resistance trendline, created between December 17–18, 2024 (orange box).
Key Points:
Beyond this trendline, there are no further descending resistance trendlines.
Resistance will then come from horizontal supply zones or historical highs.
Breakout Potential:
If the price breaks the green box resistance zone, the next key resistance is one of the two white box zones.
A breakout beyond the white box zones could pave the way for new all-time highs.
Today’s Buy Strategy
Chart:
Entry Trigger:
Breakout above both the remaining resistance trendline and the recent high at 21682.5.
Target Levels: Horizontal resistance levels (marked on the chart).
Rationale:
A breakout above the long-term descending resistance trendline, combined with a breakout above the previous high, would likely lead to entry into the blue box supply zone on the left.
This would increase the likelihood of a continuation toward higher levels, fueled by the supply zone dynamics.
Today’s Sell Strategy
Chart:
Entry Trigger:
Breakdown below the orange ascending trendline and a break below 21481.
Target Levels: Horizontal support levels (marked on the chart).
Rationale:
A break below the ascending trendline would indicate weakening momentum.
If a pennant-like pattern forms and the price breaks below the starting zone of the pattern, it would signal a high likelihood of a trend reversal.
The green box highlights the potential breakdown area.
Additional Note:
If the price consolidates and the ascending trendline is broken above 21481, adjust the target to 21481 as the maximum downside level.
Conclusion
The NASDAQ is at a critical juncture, with potential for both significant upside and downside moves:
For Buyers: Watch for a breakout above 21682.5 for potential continuation into the supply zone and beyond.
For Sellers: Monitor for a break below the ascending trendline and 21481 for potential downside momentum.
Stay cautious, and trade strategically based on key levels. 🚀
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.