ANALYSIS NASDAQ 28/06/2024
NASDAQ 100 futures (NQU2024) on TradingView, showing various technical analysis elements including trend lines, Fibonacci retracement levels, and price channels. Here’s an analysis based on the chart:
Current Price Action:
The current price is around 20,096.75.
There is a visible upward trend from the recent lows around 19,729.75.
Trend Lines:
Several ascending trend lines are drawn, indicating potential support levels.
A significant upward trend line starts from the bottom left, showing the long-term upward momentum.
There is a sharp, nearly vertical line indicating a potential rapid rise scenario.
Fibonacci Retracement Levels:
Key Fibonacci levels are marked, including 0.5 (20,051.00) and 0.618 (20,126.75), suggesting potential resistance or support points.
The 1.618 extension level is at 20,424.75, indicating a possible target if the price breaks above current resistance levels.
Price Channels:
Multiple orange channels are drawn, illustrating different slopes of price movement, with the price oscillating within these channels.
The price is currently near the upper boundary of a mid-term ascending channel, which could act as resistance.
Support and Resistance Levels:
Horizontal lines indicate critical support (19,729.75) and resistance (20,211.50) levels.
The resistance at 20,211.50 coincides with a recent high and a Fibonacci retracement level.
Projected Movements:
If the price maintains its upward momentum, it may test the resistance at 20,211.50 and potentially aim for the 1.618 extension at 20,424.75.
A break below the current support level at 20,051.00 might lead to a decline towards the lower trend line around 19,879.50 or even lower.
Conclusion:
The NASDAQ 100 futures are showing a generally bullish trend with potential resistance at 20,211.50. Traders should watch for breakouts above this level for further upside potential towards 20,424.75. Conversely, a failure to hold above the support level at 20,051.00 could lead to a downside move, with key support around 19,879.50.
NASDAQ 100 futures (NQU2024) chart, we can identify key entry and exit points using support, resistance levels, and trend lines observed.
Buy Strategies:
Buy Entry:
Price Level: Around 20,051.00 (Fibonacci 0.5 level and nearby support).
Condition: Confirmation of a bounce from this level, such as a bullish candlestick or a reversal pattern.
Target 1: 20,211.50 (nearby resistance and Fibonacci 1.0 level).
Target 2: 20,372.00 (next resistance level and potential Fibonacci extension).
Target 3: 20,424.75 (Fibonacci 1.618 extension).
Stop Loss: Below the support level at 19,879.50.
Buy Entry:
Price Level: Around 19,729.75 (recent low and support level).
Condition: Confirmation of a bounce from this level, such as a bullish candlestick or a reversal pattern.
Target 1: 20,051.00 (nearby resistance and Fibonacci 0.5 level).
Target 2: 20,211.50 (next resistance level and Fibonacci 1.0 level).
Stop Loss: Below the support level at 19,562.50.
Sell Strategies:
Sell Entry:
Price Level: Around 20,211.50 (nearby resistance and Fibonacci 1.0 level).
Condition: Confirmation of rejection from this level, such as a bearish candlestick or a reversal pattern.
Target 1: 20,051.00 (nearby support and Fibonacci 0.5 level).
Target 2: 19,879.50 (next support level).
Stop Loss: Above the resistance level at 20,372.00.
Sell Entry:
Price Level: Around 20,126.75 (Fibonacci 0.618 level).
Condition: Confirmation of rejection from this level, such as a bearish candlestick or a reversal pattern.
Target 1: 20,051.00 (nearby support and Fibonacci 0.5 level).
Target 2: 19,879.50 (next support level).
Stop Loss: Above the resistance level at 20,211.50.
Important Notes:
Confirmation: It is crucial to wait for confirmations at the mentioned levels before entering a trade. This can include candlestick patterns, additional technical indicators (like RSI or MACD), or trading volumes.
Risk Management: Always use stop-loss orders to limit potential losses. Risk management is key in trading.
Monitoring: Continuously monitor the market and adjust strategies based on new developments and price movements.
Current Price Action:
The current price is around 20,096.75.
There is a visible upward trend from the recent lows around 19,729.75.
Trend Lines:
Several ascending trend lines are drawn, indicating potential support levels.
A significant upward trend line starts from the bottom left, showing the long-term upward momentum.
There is a sharp, nearly vertical line indicating a potential rapid rise scenario.
Fibonacci Retracement Levels:
Key Fibonacci levels are marked, including 0.5 (20,051.00) and 0.618 (20,126.75), suggesting potential resistance or support points.
The 1.618 extension level is at 20,424.75, indicating a possible target if the price breaks above current resistance levels.
Price Channels:
Multiple orange channels are drawn, illustrating different slopes of price movement, with the price oscillating within these channels.
The price is currently near the upper boundary of a mid-term ascending channel, which could act as resistance.
Support and Resistance Levels:
Horizontal lines indicate critical support (19,729.75) and resistance (20,211.50) levels.
The resistance at 20,211.50 coincides with a recent high and a Fibonacci retracement level.
Projected Movements:
If the price maintains its upward momentum, it may test the resistance at 20,211.50 and potentially aim for the 1.618 extension at 20,424.75.
A break below the current support level at 20,051.00 might lead to a decline towards the lower trend line around 19,879.50 or even lower.
Conclusion:
The NASDAQ 100 futures are showing a generally bullish trend with potential resistance at 20,211.50. Traders should watch for breakouts above this level for further upside potential towards 20,424.75. Conversely, a failure to hold above the support level at 20,051.00 could lead to a downside move, with key support around 19,879.50.
NASDAQ 100 futures (NQU2024) chart, we can identify key entry and exit points using support, resistance levels, and trend lines observed.
Buy Strategies:
Buy Entry:
Price Level: Around 20,051.00 (Fibonacci 0.5 level and nearby support).
Condition: Confirmation of a bounce from this level, such as a bullish candlestick or a reversal pattern.
Target 1: 20,211.50 (nearby resistance and Fibonacci 1.0 level).
Target 2: 20,372.00 (next resistance level and potential Fibonacci extension).
Target 3: 20,424.75 (Fibonacci 1.618 extension).
Stop Loss: Below the support level at 19,879.50.
Buy Entry:
Price Level: Around 19,729.75 (recent low and support level).
Condition: Confirmation of a bounce from this level, such as a bullish candlestick or a reversal pattern.
Target 1: 20,051.00 (nearby resistance and Fibonacci 0.5 level).
Target 2: 20,211.50 (next resistance level and Fibonacci 1.0 level).
Stop Loss: Below the support level at 19,562.50.
Sell Strategies:
Sell Entry:
Price Level: Around 20,211.50 (nearby resistance and Fibonacci 1.0 level).
Condition: Confirmation of rejection from this level, such as a bearish candlestick or a reversal pattern.
Target 1: 20,051.00 (nearby support and Fibonacci 0.5 level).
Target 2: 19,879.50 (next support level).
Stop Loss: Above the resistance level at 20,372.00.
Sell Entry:
Price Level: Around 20,126.75 (Fibonacci 0.618 level).
Condition: Confirmation of rejection from this level, such as a bearish candlestick or a reversal pattern.
Target 1: 20,051.00 (nearby support and Fibonacci 0.5 level).
Target 2: 19,879.50 (next support level).
Stop Loss: Above the resistance level at 20,211.50.
Important Notes:
Confirmation: It is crucial to wait for confirmations at the mentioned levels before entering a trade. This can include candlestick patterns, additional technical indicators (like RSI or MACD), or trading volumes.
Risk Management: Always use stop-loss orders to limit potential losses. Risk management is key in trading.
Monitoring: Continuously monitor the market and adjust strategies based on new developments and price movements.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.