The NAS100 showed mild volatility last week, pulling back midweek to retest support near 19,500 before bouncing back. Buyers held key levels, and the index closed slightly higher, keeping the short-term bullish trend intact despite some loss in momentum.
Today, due to the breakaway gap, the daily candle opened above 19,885, thereby confirming the bullish trend. While we anticipate a move toward the 20,300 level, the price may experience consolidation between this level and 20,545. currentlly A short-term correction could occur before the price resumes its upward movement to complete the bullish trend. Within this trend, our target is the resistance zone between 21,045 and 21,382.
Bullish target: 20300, 20545, 21045
Bearish target: 19885, 19500, 19740
Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
Today, due to the breakaway gap, the daily candle opened above 19,885, thereby confirming the bullish trend. While we anticipate a move toward the 20,300 level, the price may experience consolidation between this level and 20,545. currentlly A short-term correction could occur before the price resumes its upward movement to complete the bullish trend. Within this trend, our target is the resistance zone between 21,045 and 21,382.
Bullish target: 20300, 20545, 21045
Bearish target: 19885, 19500, 19740
Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
Trade active
rose by +200 pip profit as we mentioned The price is near the consolidation zone, waiting to enter this zone and then break it.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.