Nasdaq Technical Analysis
Markets Remain Volatile Awaiting Jobs Data
Next Outlook:
The price is expected to consolidate between 17,900 and 17,590 until a breakout occurs.
Bullish Scenario:
For a bullish trend to develop, the price needs to stabilize above 17,900 by closing a 4-hour candle above this level, which could support a rise towards 18,420.
Bearish Scenario:
Stability below 17,900 will support a decline towards 17,590. Further stability below 17,590 could drive the price downward to 17,050.
Key Levels:
- Pivot Line: 17900
- Resistance Levels: 18050, 18240, 18420
- Support Levels: 17730, 17590, 17300
Today's Expected Trading Range:
The price is anticipated to fluctuate between 17,980 and 17,580.
Tendency: Downward, as long as trading remains below 17,900.
Previous idea:
Markets Remain Volatile Awaiting Jobs Data
Next Outlook:
The price is expected to consolidate between 17,900 and 17,590 until a breakout occurs.
Bullish Scenario:
For a bullish trend to develop, the price needs to stabilize above 17,900 by closing a 4-hour candle above this level, which could support a rise towards 18,420.
Bearish Scenario:
Stability below 17,900 will support a decline towards 17,590. Further stability below 17,590 could drive the price downward to 17,050.
Key Levels:
- Pivot Line: 17900
- Resistance Levels: 18050, 18240, 18420
- Support Levels: 17730, 17590, 17300
Today's Expected Trading Range:
The price is anticipated to fluctuate between 17,980 and 17,580.
Tendency: Downward, as long as trading remains below 17,900.
Previous idea:
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
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.