NAS100USD ( CLOSER SUPPORT TRENDLINE ) ( 4H )
Updated
NAS100USD
HELLO TRADERS
TARGET LEVEL :
HELLO TRADERS
- Tendency the price closer a support trendline , indicating the price is under bearish pressure
- TURNING LEVEL : a blue line a round 19,903 , which indicates two cases , the first cases until the price trade below 19,903 reach a support level , the second case the price breaking 19,903 , the price created a new historical peaks
- RESISTANCE LEVEL : a green lines inside a gold rectangular , an area created above the turning level , the gold price area for the resistance level between 20,083 and 20,288, when it is created the price by open 4h candle above turning level
- SUPPORT LEVEL : a red line , an area created below turning level , the gold price for the support level around 19,497 , buying have already increase at this level , this has led to the formation of the demand zone
- PRICE MOVEMENT : the price is under bearish pressure until trade below turning level at 19,903 , it will attempt to reach support level at 19,497 and 19,116 , stable below this level reach 18,937 , if the breaking this level the price trying to reach a new resistance level at 20,083 and 20,288
TARGET LEVEL :
- RESISTANCE LEVEL : 20,083 , 20,288
- SUPPORT LEVEL :19,497 , 19,116 , 18,937
Note
The Nasdaq is rising today primarily due to optimism about potential interest rate cuts by the Federal Reserve. Recent economic data, particularly a cooling jobs market, has led investors to believe that the Fed might ease monetary policy to support the economy. This speculation has bolstered confidence in the market, particularly benefiting tech stocks, which are heavily represented in the Nasdaq index , additionally, strong performances from major tech companies are helping to lift the index. The combination of these factors has led to a positive outlook among investors, driving the Nasdaq higher.Note
today , have important news effect a price movement , the price closer a turning level , if the breaking this level by open 4h candle above 19,903 reach a new resistance level .
Tendency the price is under bearish pressure , until trade below resistance trendline ,if the breaking this trendline reach new resistance level .
PRICE MOVEMENT : the price is under bearish pressure until trade below resistance trendline , it will attempt to reach support level at 19,497 and 19,116 , stable below this level reach 18,937 , if the breaking resistance trendline the price trying to reach a new resistance level at 20,083 and 20,288
TARGET LEVEL :
RESISTANCE LEVEL : 20,083 , 20,288
SUPPORT LEVEL :19,497 , 19,116 , 18,937
TURNING LEVEL : 19,903
* Please beware trading , because today we have some huge news
Note
the price is under bearish pressure , at 19,798 the price attempt corrective this level before dropping , if the price breaking this level trying to create a new resistance level .
Trade active
trying to reach a support level around 19,497Note
as mentioned , if the price breaking turning level trying to touch a resistance level , but stable below turning level reach a support level , after fed chair Powell speaks the price rising
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