On Monday, Nas100 dropped under 15500 horizontal support. However, this break lacked continuation and has proved to be a false break, with the index quickly and strongly reversing.
At this moment the price is just under a short-term resistance and a break here would expose the old ATH zone resistance.
Also, considering the strong reversal after the false break we can expect a new ATH in the near future and 17500 can be the bulls target
At this moment the price is just under a short-term resistance and a break here would expose the old ATH zone resistance.
Also, considering the strong reversal after the false break we can expect a new ATH in the near future and 17500 can be the bulls target
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.