NASDAQ Technical Analysis: Navigating New All-Time Highs and Key
Technical Analysis: New All-Time Highs and Next Outlook
- Next Outlook:
The price has stabilized within the bullish zone after breaking the previous all-time high of 20090, reaching the previously mentioned target of 20410. The trend remains bullish, with a potential move towards 20900. - Bullish Scenario:
As long as the price remains above 20400, the bullish trend is likely to continue, targeting 20900 and 21000. There is also a possibility of a retest down to 20400 before resuming the upward movement. - Bearish Scenario:
For a bearish trend to be confirmed, the price must break below 20400 and stabilize with a 4-hour or 1-hour candle close beneath this level. This could lead to further declines towards 20100, and a stabilization below 20085 could result in a drop to 19625. - Key Levels:
- **Pivot Line:** 20410
- **Resistance Levels:** 20750, 20900, 21000
- **Support Levels:** 20225, 20085, 19625 - Today's Expected Range:
The price is expected to fluctuate between the support at 19625 and the resistance at 20540.
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