Thursday, thirsty for profit on Nasdaq, 25.01.16
Hello, this is Greedy All-Day.
Today’s analysis focuses on the NASDAQ.
Key Levels and Monday’s Recap
Chart:
As mentioned in both Monday’s and Friday’s briefings, the importance of the 20207 level was highlighted. After breaking above this level, the NASDAQ rallied by approximately 245 points.
The breakout above this major zone was followed by a pullback, confirming its significance.
March Futures Contract Analysis
Chart:
The March futures contract closed above the Ichimoku Cloud and formed a strong bullish candle. However, it finished near the 20 EMA, with the opening price currently sitting at the 20 EMA level.
Key Levels to Watch:
Support: Maintaining support above the 20 EMA is crucial.
Resistance: The next critical level is 21455 (red horizontal line), which corresponds to the January 8, 2025, high following the long bearish candle on January 7.
Breakout Potential: If the 21455 resistance is broken, there’s potential for a strong rally, similar to the January 7 bearish candle's range.
Perpetual Futures Contract Analysis
Chart:
For the perpetual futures contract, the 20 EMA is currently at 21355.
Support: If the price remains above 21355, the next target is 21455, as highlighted earlier.
Resistance: Breaking 21455 could lead to further upside momentum.
Today’s Trading Strategy
Chart:
Buy Strategy:
Entry 1: Breakout above the blue box high at 21455.
Rationale: A major resistance breakout on the daily chart + breakout above the January 15, 2025, high.
Entry 2: Breakout above the blue resistance trendline within the orange box, approximately at 21588.
Rationale: This level represents the resistance zone following the long bearish candle, where dead-cat bounces previously faced resistance.
Sell Strategy:
Entry 1: Break below the blue ascending trendline.
Rationale: If the short-term support trendline from January 14–15 weakens and breaks, it indicates diminishing bullish momentum, making it a good short opportunity.
Entry 2: Break below the 21186 support zone.
Rationale: The 21123–20800 range is a strong support frame. If 21186 is broken, a test of the lower support near 21123 is highly likely.
Conclusion
The NASDAQ is at a critical juncture, with key resistance and support levels coming into play:
For Buyers: Look for breakouts above 21455 and 21588 for opportunities to ride the bullish momentum.
For Sellers: Monitor breakdowns below the ascending trendline and 21186 for downside opportunities.
The market remains dynamic, so stay disciplined and trade wisely. 🚀
Today’s analysis focuses on the NASDAQ.
Key Levels and Monday’s Recap
Chart:
As mentioned in both Monday’s and Friday’s briefings, the importance of the 20207 level was highlighted. After breaking above this level, the NASDAQ rallied by approximately 245 points.
The breakout above this major zone was followed by a pullback, confirming its significance.
March Futures Contract Analysis
Chart:
The March futures contract closed above the Ichimoku Cloud and formed a strong bullish candle. However, it finished near the 20 EMA, with the opening price currently sitting at the 20 EMA level.
Key Levels to Watch:
Support: Maintaining support above the 20 EMA is crucial.
Resistance: The next critical level is 21455 (red horizontal line), which corresponds to the January 8, 2025, high following the long bearish candle on January 7.
Breakout Potential: If the 21455 resistance is broken, there’s potential for a strong rally, similar to the January 7 bearish candle's range.
Perpetual Futures Contract Analysis
Chart:
For the perpetual futures contract, the 20 EMA is currently at 21355.
Support: If the price remains above 21355, the next target is 21455, as highlighted earlier.
Resistance: Breaking 21455 could lead to further upside momentum.
Today’s Trading Strategy
Chart:
Buy Strategy:
Entry 1: Breakout above the blue box high at 21455.
Rationale: A major resistance breakout on the daily chart + breakout above the January 15, 2025, high.
Entry 2: Breakout above the blue resistance trendline within the orange box, approximately at 21588.
Rationale: This level represents the resistance zone following the long bearish candle, where dead-cat bounces previously faced resistance.
Sell Strategy:
Entry 1: Break below the blue ascending trendline.
Rationale: If the short-term support trendline from January 14–15 weakens and breaks, it indicates diminishing bullish momentum, making it a good short opportunity.
Entry 2: Break below the 21186 support zone.
Rationale: The 21123–20800 range is a strong support frame. If 21186 is broken, a test of the lower support near 21123 is highly likely.
Conclusion
The NASDAQ is at a critical juncture, with key resistance and support levels coming into play:
For Buyers: Look for breakouts above 21455 and 21588 for opportunities to ride the bullish momentum.
For Sellers: Monitor breakdowns below the ascending trendline and 21186 for downside opportunities.
The market remains dynamic, so stay disciplined and trade wisely. 🚀
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.