NAS100 4H Chart Analysis
Price broke out of a well-respected descending channel with a strong bullish push. Currently approaching a supply zone around 19,970, where we may see a reaction.
Key Levels:
• Resistance/Supply: 19,970
• Support: 19,450 / 18,823
Technical Notes:
• Breakout confirmation above descending trendline
• Clean retest zone formed at previous structure (around 18,800)
• Watching for either a rejection at supply or continuation into 21,000+
Next Steps:
• Waiting for confirmation: reaction or break of the 19,970 zone
• Will look for 15m–1H entry if we get a pullback to structure
Price broke out of a well-respected descending channel with a strong bullish push. Currently approaching a supply zone around 19,970, where we may see a reaction.
Key Levels:
• Resistance/Supply: 19,970
• Support: 19,450 / 18,823
Technical Notes:
• Breakout confirmation above descending trendline
• Clean retest zone formed at previous structure (around 18,800)
• Watching for either a rejection at supply or continuation into 21,000+
Next Steps:
• Waiting for confirmation: reaction or break of the 19,970 zone
• Will look for 15m–1H entry if we get a pullback to structure
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.
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.