Nasdaq/Bearish Trend Persists: Key Levels and Targets for Today
Technical Analysis: Price Reversal in Focus
After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week.
Today's Outlook:
The bearish trend is expected to continue as long as the price remains below 19850, potentially targeting 19520.
Bearish Scenario:
As long as the price trades below 19850, the bearish trend is likely to persist, with targets at 19625 and 19520, supported by strong bearish volume.
Bullish Scenario:
For a bullish reversal, the price needs to rise above 19960, aiming for targets of 20100 and 20250.
Key Levels:
- Pivot Line: 19840
- Resistance Levels: 19960, 20090, 20150
- Support Levels: 19630, 19525, 19230
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.
After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week.
Today's Outlook:
The bearish trend is expected to continue as long as the price remains below 19850, potentially targeting 19520.
Bearish Scenario:
As long as the price trades below 19850, the bearish trend is likely to persist, with targets at 19625 and 19520, supported by strong bearish volume.
Bullish Scenario:
For a bullish reversal, the price needs to rise above 19960, aiming for targets of 20100 and 20250.
Key Levels:
- Pivot Line: 19840
- Resistance Levels: 19960, 20090, 20150
- Support Levels: 19630, 19525, 19230
Today's Expected Range:
The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.
my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
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.