US 100 Cash CFDShort
significant support/resistance area multiple times in the past.
On the NAS100 chart, the price has reached a key resistance zone (highlighted in purple) after a strong upward movement and is now facing selling pressure. This zone has acted as a significant support/resistance area multiple times in the past.
Expectations: Based on this analysis, the price is currently in a corrective move and is likely to move toward the support zone at 20,750 - 20,950.
Proposed Scenario: If the bearish momentum continues and this support zone is broken, the price could decline further. However, if the price bounces off this zone, it may present a good opportunity to re-enter long positions.
Key Resistance: 21,250
Key Support: 20,750
This analysis is based on price behavior around key support and resistance levels. Let me know if you’d like any modifications or additional details!
Expectations: Based on this analysis, the price is currently in a corrective move and is likely to move toward the support zone at 20,750 - 20,950.
Proposed Scenario: If the bearish momentum continues and this support zone is broken, the price could decline further. However, if the price bounces off this zone, it may present a good opportunity to re-enter long positions.
Key Resistance: 21,250
Key Support: 20,750
This analysis is based on price behavior around key support and resistance levels. Let me know if you’d like any modifications or additional details!
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