Nasdaq Nears Critical 19,845 Resistance: Potential Breakout or..
Technical Analysis: Imminent Retest of 19,845 for Nasdaq
Nasdaq Nears Critical 19,845 Resistance: Potential Breakout or Bearish Turn?
Next Outlook:
The Nasdaq is approaching 19,845, a key resistance level. A successful break above this level would target 20,085. Conversely, sustained trading below 19,525 could signal the start of a bearish trend.
Bullish Scenario:
If the Nasdaq maintains stability above 19,625, it is likely to test 19,845. A break above 19,845 would open the path to 20,085.
Bearish Scenario:
To confirm a downtrend, the Nasdaq must break below both 19,625 and 19,525, with a potential decline extending to 19,100.
Key Levels:
- Pivot Line: 19,625
- Resistance Levels: 19,845, 20,085, 20,385
- Support Levels: 19,530, 19,100, 18,930
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19,100 and the resistance at 20,085.
Nasdaq Nears Critical 19,845 Resistance: Potential Breakout or Bearish Turn?
Next Outlook:
The Nasdaq is approaching 19,845, a key resistance level. A successful break above this level would target 20,085. Conversely, sustained trading below 19,525 could signal the start of a bearish trend.
Bullish Scenario:
If the Nasdaq maintains stability above 19,625, it is likely to test 19,845. A break above 19,845 would open the path to 20,085.
Bearish Scenario:
To confirm a downtrend, the Nasdaq must break below both 19,625 and 19,525, with a potential decline extending to 19,100.
Key Levels:
- Pivot Line: 19,625
- Resistance Levels: 19,845, 20,085, 20,385
- Support Levels: 19,530, 19,100, 18,930
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19,100 and the resistance at 20,085.
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