Bullish Momentum Post-Election: Key Levels & Breakout Potential
Updated
Technically:
The price has stabilized in the bullish zone and has moved upward significantly due to the U.S. election results, with Trump winning. This positive development has benefited stocks.
The price is now expected to reach 20550 for a retest before pushing up to 20705. A breakout above 20705 is needed to continue the bullish trend toward 20790 and 20950.
However, the current movement range is between 20550 and 20705 until a breakout occurs.
Key Levels:
Pivot Point: 20505
Resistance Levels: 20705, 20790, 20950
Support Levels: 20420, 20330, 20130
Trend:
- Bullish above 20550 and 20790
The price has stabilized in the bullish zone and has moved upward significantly due to the U.S. election results, with Trump winning. This positive development has benefited stocks.
The price is now expected to reach 20550 for a retest before pushing up to 20705. A breakout above 20705 is needed to continue the bullish trend toward 20790 and 20950.
However, the current movement range is between 20550 and 20705 until a breakout occurs.
Key Levels:
Pivot Point: 20505
Resistance Levels: 20705, 20790, 20950
Support Levels: 20420, 20330, 20130
Trend:
- Bullish above 20550 and 20790
Trade active
USNAS100
Live Update
Moving Well +220 pip ✅
Now, stability above 20790 by closing 1h or 4h candle means will continue the bullish trend to record a new ATH at 20950
Otherwise should close the daily candle below 20710 to be bearish till 20550
Timeframe 1D, 4h, 1h
current price 20805
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