NAS100 (NASDAQ 100 index)
Left Chart: 4-Hour Timeframe Analysis (NAS100, 4H)
This section illustrates the market structure with a combination of Wyckoff methodology and Elliott Wave Theory, highlighting significant levels of resistance, supply, and possible market movements.
Wyckoff Schematic (Phase B):
The Phase B of a Wyckoff distribution process is depicted, suggesting a market shift from an accumulation phase towards distribution. This stage indicates that market participants, particularly institutional players, are preparing for a markdown.
The LPSY (Last Point of Supply) is located at 20,219.3, indicating the final rally attempt before the downward movement. This level is significant as it often signals the exhaustion of buying pressure.
Markup Phase (4H) is indicated after a reaction from the AR (Automatic Rally). The price action demonstrates a clear upward movement as the market seeks liquidity above previous highs before distributing.
BOS (Break of Structure) occurs internally, confirming the weakness in demand, leading to further price reductions.
Elliott Wave Count:
The Elliott Wave structure reveals a developing Wave (3) upward with a projected termination near the 20,219.3 level. This aligns with the Wave 5 completion, signaling a possible reversal.
Wave (4) retracement is expected, with Fibonacci levels such as the 0.236 retracement (19,900) offering support, followed by 0.382 (19,600) in case of further downside.
A critical Invalidation Point for Wave (4) is marked at 19,322.9. Should the price break below this level, the current wave count will be invalidated, confirming a more significant shift in sentiment.
Fibonacci Retracement and Extensions:
The price has interacted with key Fibonacci retracement levels of 0.786 (20,007.6) and 0.826 (20,147.9). These levels serve as significant areas of resistance, suggesting that the price may face selling pressure.
A potential extension to the 2.49 level (20,219.3), completing Wave 5, indicates the final phase of the upward movement before distribution unfolds.
Price Objectives:
An important sell-side liquidity zone is highlighted at 19,523.7, indicating potential targets for downside moves. This zone acts as a significant area for institutional sellers to offload positions.
The Mark Up (4H) phase targets a failure near this level, leading to a possible decline towards the support levels marked by Fibonacci retracement (19,500 and below).
Right Chart: 1-Hour Timeframe Analysis (NAS100, 1H)
This section offers a more granular view of the price action, focusing on shorter-term wave counts and market structure shifts.
Elliott Wave Count:
The Wave 1 impulse upward is visible on this timeframe, followed by a corrective Wave 2, providing opportunities to enter the market as the trend resumes.
The anticipated Wave (3) move higher aligns with the larger timeframe projections, aiming for new highs near the 20,219.3 level.
Wave (4) is expected to form after the completion of Wave (3), with retracement levels highlighted at 0.5 (19,642.0) and 0.618 (19,566.7), marking possible pullback areas where buying interest may resume.
Market Structure and Fibonacci Levels:
BOS Internal (4H) is noted on this timeframe, confirming the shift in market structure. The violation of previous lows supports the bearish sentiment for upcoming moves once the current wave concludes.
The chart shows significant Fibonacci levels acting as resistance and support, which traders often use to gauge the strength of retracements and reversals.
The Invalidation Point for Wave 4 is at 19,322.9, with a clear demarcation for where the Elliott Wave count would no longer be valid. This serves as a critical risk-management level for participants.
Future Price Projections:
Price action is expected to retest resistance around 20,219.3 before a potential decline. The projection outlines a series of corrective waves after this point, with the possibility of lower lows forming.
The anticipated corrective waves, indicated by Wave (4), will likely test the 0.382 retracement at 19,566.7 and then potentially lower levels.
Conclusion:
The NAS100 analysis provided in this chart suggests a cautious approach as the market nears key resistance and distribution zones. The LPSY level and the Wyckoff distribution signal a potential top, aligning with the Elliott Wave count projecting the completion of a final Wave 5 upward move. The presence of major Fibonacci retracement levels and breaks of structure further confirm the likelihood of upcoming downside pressure, with key support levels identified at 19,500 and lower. The critical Invalidation Point at 19,322.9 should be monitored closely as a breach of this level would invalidate the current wave count and signal a more significant trend reversal.
This section illustrates the market structure with a combination of Wyckoff methodology and Elliott Wave Theory, highlighting significant levels of resistance, supply, and possible market movements.
Wyckoff Schematic (Phase B):
The Phase B of a Wyckoff distribution process is depicted, suggesting a market shift from an accumulation phase towards distribution. This stage indicates that market participants, particularly institutional players, are preparing for a markdown.
The LPSY (Last Point of Supply) is located at 20,219.3, indicating the final rally attempt before the downward movement. This level is significant as it often signals the exhaustion of buying pressure.
Markup Phase (4H) is indicated after a reaction from the AR (Automatic Rally). The price action demonstrates a clear upward movement as the market seeks liquidity above previous highs before distributing.
BOS (Break of Structure) occurs internally, confirming the weakness in demand, leading to further price reductions.
Elliott Wave Count:
The Elliott Wave structure reveals a developing Wave (3) upward with a projected termination near the 20,219.3 level. This aligns with the Wave 5 completion, signaling a possible reversal.
Wave (4) retracement is expected, with Fibonacci levels such as the 0.236 retracement (19,900) offering support, followed by 0.382 (19,600) in case of further downside.
A critical Invalidation Point for Wave (4) is marked at 19,322.9. Should the price break below this level, the current wave count will be invalidated, confirming a more significant shift in sentiment.
Fibonacci Retracement and Extensions:
The price has interacted with key Fibonacci retracement levels of 0.786 (20,007.6) and 0.826 (20,147.9). These levels serve as significant areas of resistance, suggesting that the price may face selling pressure.
A potential extension to the 2.49 level (20,219.3), completing Wave 5, indicates the final phase of the upward movement before distribution unfolds.
Price Objectives:
An important sell-side liquidity zone is highlighted at 19,523.7, indicating potential targets for downside moves. This zone acts as a significant area for institutional sellers to offload positions.
The Mark Up (4H) phase targets a failure near this level, leading to a possible decline towards the support levels marked by Fibonacci retracement (19,500 and below).
Right Chart: 1-Hour Timeframe Analysis (NAS100, 1H)
This section offers a more granular view of the price action, focusing on shorter-term wave counts and market structure shifts.
Elliott Wave Count:
The Wave 1 impulse upward is visible on this timeframe, followed by a corrective Wave 2, providing opportunities to enter the market as the trend resumes.
The anticipated Wave (3) move higher aligns with the larger timeframe projections, aiming for new highs near the 20,219.3 level.
Wave (4) is expected to form after the completion of Wave (3), with retracement levels highlighted at 0.5 (19,642.0) and 0.618 (19,566.7), marking possible pullback areas where buying interest may resume.
Market Structure and Fibonacci Levels:
BOS Internal (4H) is noted on this timeframe, confirming the shift in market structure. The violation of previous lows supports the bearish sentiment for upcoming moves once the current wave concludes.
The chart shows significant Fibonacci levels acting as resistance and support, which traders often use to gauge the strength of retracements and reversals.
The Invalidation Point for Wave 4 is at 19,322.9, with a clear demarcation for where the Elliott Wave count would no longer be valid. This serves as a critical risk-management level for participants.
Future Price Projections:
Price action is expected to retest resistance around 20,219.3 before a potential decline. The projection outlines a series of corrective waves after this point, with the possibility of lower lows forming.
The anticipated corrective waves, indicated by Wave (4), will likely test the 0.382 retracement at 19,566.7 and then potentially lower levels.
Conclusion:
The NAS100 analysis provided in this chart suggests a cautious approach as the market nears key resistance and distribution zones. The LPSY level and the Wyckoff distribution signal a potential top, aligning with the Elliott Wave count projecting the completion of a final Wave 5 upward move. The presence of major Fibonacci retracement levels and breaks of structure further confirm the likelihood of upcoming downside pressure, with key support levels identified at 19,500 and lower. The critical Invalidation Point at 19,322.9 should be monitored closely as a breach of this level would invalidate the current wave count and signal a more significant trend reversal.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.