NASDAQ /Key Levels: Bullish Above 20,330, Bearish Below 20,125
Updated
Price at Crossroads: Bullish Break Above 20,330 or Bearish Drop Below 20,125?
Technically analyze:
The price has dropped precisely as anticipated. It is now expected to reach 20,125, with a break below this level likely extending the decline toward 19,990.
Technically analyze:
The price has dropped precisely as anticipated. It is now expected to reach 20,125, with a break below this level likely extending the decline toward 19,990.
- Bearish Scenario: While trading below 20,240, the price may attempt to reach 20,125. A break below 20,125 would pave the way for further declines toward 19,990 and 19,870.
- Bullish Scenario: Stabilization above 20,330 would open the path to 20,420. Further strength above this level could create a bullish zone targeting 20,550 and 20,700.
Key Levels:
Pivot Point: 20240
Resistance Levels: 20330, 20420, 20550
Support Levels: 20125, 19990, 19860
Trend:
- Bullish above 20330
- Bearish below 20240
Trade closed: target reached
#USNAS100
Update
Moving Well +280 pip ✅✅
now the price should stabilize under 19990 and break that to be more bearish till 19850, otherwise stability above 19990 will consolidate between 19990 and 20125 till breaking
timeframe 4h and 1h, 15min
current price 19970
Trade active
Previous Analysis (31 October):
The price dropped as expected, approaching the key support at 20,125. A break below 20,125 would target 19,990 and lower. Bullish momentum required a move above 20,330 to aim for 20,420 and beyond.
Latest Update (3 November):
The price is below 20,126, signaling bearish continuation toward 19,990. To turn bullish, the price needs to break above 20,330. The current direction favors further downside unless it stabilizes above the key resistance levels.
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